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BERKSHIRE HATHAWAY INC.

(BRK.A)
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Berkshire Hathaway Posts $11.7 Billion Profit on Stock-Market Gains

05/01/2021 | 09:53pm EDT

By Justin Baer

Warren Buffett's Berkshire Hathaway Inc. swung to a quarterly profit on stock-market gains and better results from its insurance business.

Berkshire reported first-quarter net income of $11.7 billion, or $7,638 per Class A share equivalent, compared to a loss of $49.7 billion, or $30,653 per Class A share equivalent, in the year-earlier period.

Operating earnings, which exclude some investment results, rose to $7.02 billion from $5.87 billion in the year prior.

The conglomerate runs a large insurance operation as well as railroad, utilities, industrial manufacturers, retailers and even auto dealerships. It also holds large investments, especially in the stock market. An accounting rule change in recent years has meant that Berkshire's earnings often reflect the larger performance of the stock market, while operating earnings more accurately reflect the firm's vast business operations.

Berkshire's insurance underwriting business had operating earnings of $764 million in the first quarter, up from $363 million a year ago. Insurance investment income slipped to $1.21 billion, from $1.39 billion.

Write to Justin Baer at justin.baer@wsj.com

(END) Dow Jones Newswires

05-01-21 2152ET

Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. 1.54% 437259.98 Delayed Quote.25.72%
DJ INDUSTRIAL 1.06% 34382.13 Delayed Quote.11.16%
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Financials (USD)
Sales 2021 264 B - -
Net income 2021 30 386 M - -
Net cash 2021 10 500 M - -
P/E ratio 2021 21,7x
Yield 2021 -
Capitalization 665 B 665 B -
EV / Sales 2021 2,48x
EV / Sales 2022 2,35x
Nbr of Employees 360 000
Free-Float 75,4%
Chart BERKSHIRE HATHAWAY INC.
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Berkshire Hathaway Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends BERKSHIRE HATHAWAY INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 455 166,67 $
Last Close Price 437 259,98 $
Spread / Highest target 6,34%
Spread / Average Target 4,10%
Spread / Lowest Target 0,63%
EPS Revisions
Managers and Directors
NameTitle
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer, Secretary & Senior VP
David Sanford Gottesman Independent Director
Walter Scott Independent Director
Charlotte M. Guyman Independent Director
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