Berkshire's Q3 net profit plummeted by 28%, investment income shrank by nearly half, buybacks reached a new quarterly high for the year, and cash rose to 377.4 billion USD
Net profit for the third quarter was $22.112 billion, a year-on-year decrease of 28.2%. Among them, investment income totaled approximately $9.407 billion, down about 45.7% from $17.311 billion in the same period last year, nearly halving. Berkshire spent about $9.6 billion repurchasing its own shares in the third quarter, the highest level for a single quarter this year. As of the end of September, Berkshire's cash (cash and short-term U.S. Treasury bills) reserves reached $37.74 billion, further increasing from the previous quarter.