((Follow here with our reporting on the annual meeting of Berkshire Hathaway. Warren Buffett starts talking at 9 o’clock in the morning et.)
Warren Buffett’s Berkshire Hathaway First reported the conglomerate, which has a wide range of insurance, transport, energy, retail and other companies, also warned that those rates could achieve further profit.
The operational income, including the full ownership of the conglomerate and the businers of the railroad, fell by 14% to $ 9.64 billion during the Cracst Three Mouts of the Year. In the first quarter of 2024 they amounted to $ 11.22 billion.
For each share base, the operational income last quarter were $ 4.47, against $ 5.20 per class B share in the same diary a year ago. So compares an estimate of $ 4.89 per class B part of UBS and a general consensus estimate of 4 analysts of $ 4.72 per share per factset.
Much of that decrease was driven by 48.6% dive in insurance center profit. That was $ 1.34 billion for the first quarter, compared to $ 2.60 billion a year earlier. Berkshire said that the forest fires in South California led to a loss of $ 1.1 billion in Q1.
The Bottom Line van Berkshire also took a hit of the dollar losing value in the first quarter. The company said it had a loss of around $ 713 million with regard to foreign exchange. This time last year it benefited from a Forex profit of $ 597 million.
The dollar index fell by almost 4%in the first quarter. It lost 4.6%against the Japanese yen.
Uncertainty rate
Berkshire said that President Donald Trump’s rates and other geopolitical risks have created an uncertain environment for the conglomerate, owner of BNSF Railway, Brooks Running and Geico Insurance. The company said it is not UBLEXE to predict a potential impact at the moment.
“Our periodic operating results can be influenced in future periods by the effects of current macro-economic and geopolitical events, as well as changes in industry or company-specific factors or events,” Berkshire said in the win report. “The pace of changes in these events, international trade policy and rates, you are accelerated in 2025. There is a significant uncertainty about the ultimate outcome of these events.”
“We are currently unable to predict reliamy the potential impact on our companies, whether due to changes in product costs, supply chain costs and efficient, and the customer’s demand for our products and services,” said it.
BRK.A vs S&P 500 in 2025
Berkshire’s Cash Hard that was knocked hard in the first quarter to a new record and at the end of 2024 to more than $ 347 billion clocked out of $ 334 billion, which shows that Buffet did not use the first quarter on the stock market to deeply the money. Berkshire was even a net seller of shares for the 10th quarter in a row.
The total income of the company also fell almost 64% years, because the Buffet portfolio with listed names was hit to start the year. The aforementioned Berkshire always advises investors to look beyond the quarterly changes.
“The amount of investment profits (losses) in a certain quarter is usually meaningless and provides figures for net profit per share that can be extremely misleading for investors who have little or or no knowledge of accounting rules,” said the release of Berkshire.
The report comes when Berkshire creates a fantastic year-to-date performance, while the wider market rises. In 2025, class A shares of Berkshire almost 19%increased, while the S&P 500 Has 3.3% fallen as your period from Tarifs pressure technology and other sectors.
– Yun Li from CNBC contributes to reporting.
