Berkshire Hathaway, affiliated with billionaire Warren Buffett, achieved operating profits (which refers to profits from a group of its subsidiaries in the areas of insurance, railways and utilities) of $8.5 billion in the fourth quarter, a growth of 28 percent, compared to the $6.6 billion it had recorded in the quarter. Similar from 2022.

For all of 2023, total operating profit rose to $37.35 billion in 2023, up 17 percent from $30.85 billion the year before.

Omaha-based Berkshire also held $167.6 billion in cash in the fourth quarter, a record high that exceeds the previous high of $157.2 billion in the previous quarter.