Berkshire Hathaway profits drop as Warren Buffett's cash pile hits a fresh record high

Warren Buffett's cash pile is bigger than ever.REUTERS/Rick WilkingBerkshire Hathaway's profits dropped by 14% in the first quarter of 2025.The company's earnings, released Saturday, showed operating profits of $9.6 billion.Warren Buffett's firm also saw its cash pile hit a record high at the start of 2025.Berkshire Hathaway reported Saturday that its profits dropped 14% in the first quarter of 2025 compared to the same period in 2024.The results, released shortly before CEO Warren Buffett speaks to investors at the company's much-watched annual meeting, showed Berkshire reported $9.64 billion in operating earnings in the first quarter, compared to over $11.2 billion in the same period last year.Falling profits in Berkshire's insurance underwriting business were largely to blame for the overall drop, with profits down from $2.6 billion in Q1 2024 to $1.4 billion.Elsewhere, Berkshire Hathaway's results showed that the company's cash pile hit a record high once again in the first quarter as Buffett's company continued to sell stocks. Berkshire held $347.7 billion in cash at the end of the quarter, the results showed.Berkshire sold $4.7 billion worth of stocks in the first three months of 2025, while the company bought $3.2 billion worth.Read the original article on Business Insider

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