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Warren Buffett Berkshire Hathaway The results of the first quarter were reported on Saturday, which showed a sharp decrease in the operating profits of the year. The group, which has a wide range of insurance, transportation, energy, retail and other companies, also warned that the customs tariff may increase profits.
Operating profits, which include insurance and rail -rooted railways, decreased by 14 % to 9.64 billion dollars during the first three months of the year. In the first quarter of 2024, a total of $ 11.22 billion.
On the basis of the arrow, operating profits amounted to $ 4.47, a decrease from $ 5.20 per category B arrow in the same period before one year. This compares an estimate of $ 4.89 per category B from UBS and estimated the total consensus of 4 analysts with a value of $ 4.72 per share.
The motivation behind a lot of this decrease was 48.6 % in insurance profit. This came at $ 1.34 billion for the first quarter, a decrease of $ 2.60 billion per year. Berkshire said that the fires of Southern California led to a loss of $ 1.1 billion in the first quarter.
Berkshire’s Bottry Tree also achieved great success in the dollar in the first quarter. The company said it had suffered from an approximate loss of $ 713 million related to foreign dictation. This time last year, Forex profit benefited $ 597 million.
The dollar index decreased by approximately 4 % in the first quarter. Against Japanese yen, lost 4.6 %.
A tariff of uncertainty
Berkshire said that President Donald Trump’s tariff and other geopolitical risks created an unconfirmed environment for the BNSF, Brooks Running and Geico Insurance. The company said it is unable to predict any possible impact of definitions at this time.
Berkshire said in the profit report: “The periods of periodic operation in future periods may be affected by the effects of the continuous total economic and geopolitical events, as well as changes in the factors or events related to the industry or the company.” “The pace of changes in these events, including international trade policies and definitions, has accelerated in 2025. The uncertainty is still great regarding the final result of these events.”
She said: “We cannot reliably predict the potential impact of our business, both through changes in product costs, supply chain costs and efficiency and customer requests for our products and services,” she said.
BRK.A VS S & P 500 in 2025
The monetary treasure swollen from Berkshire to a new record during the first quarter, as it rose to more than 347 billion dollars from about 334 billion dollars at the end of 2024, indicating that Pavite did not use the first quarter in the stock market to publish money. In fact, Berkshire was a net seller for shares for the tenth quarter in a row.
The company’s total profits also decreased by 64 % on an annual basis, as the Pavite portfolio of the audience’s names achieved great success for the start of the year. However, Berkshire always advises investors to search for these quarterly changes.
“The amount of investment gains (losses) in any specific quarter is usually meaningless and provides numbers for net profits per share, which can be very misleading for investors who have little or non -accounting knowledge of the rules of accounting,” said Berkshire’s statement.
The report comes at a time when Berkshire has excellent performance from year to date, while the broader market screams. In 2025, Class A shares in Berkshire increased nearly 19 %, while S & P 500 3.3 % of uncertainty decreased from technology pressures and other sectors.
– Yun Li from CNBC contributed to reporting.
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