Berkshire insurance profits in the first quarter decreased by 50 % to $ 1.3 billion after taxes, reflecting the losses of Los Angeles fires in the first quarter of $ 1.1 billion.
Investment income increased by 11 % to $ 2.9 billion on higher cash balances in this period. The profits in Burlington Nortern Santa Fe increased by 6 % to $ 1.2 billion, and the profits in Berkshire Hathaway Energy increased by 53 % to $ 1.1 billion.
Berkshire had about $ 700 million of currency losses after taxes in the first quarter, which greatly reflects the power of the Japanese yen, which raises the value of the debts of the yen in Berkchire and reduces the profits reported. It can be said that this loss must be stripped of operating results, because it is in nature once.
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