Berkshire Hathaway Inc. (BRK.B), led by well-known investor and CEO Warren Buffett, is a diversified holding company with subsidiaries in insurance, energy, freight rail transportation, industrials, manufacturing, retail, and other sectors. The investment conglomerate’s market value has recently surged to a new record of almost $800 billion.
Berkshire Hathaway’s second-quarter earnings and revenue surpassed analysts’ expectations, bolstered by a rebound in insurance operations. Insurance underwriting earnings reported a 74% rise year-over-year to $1.25 billion, benefiting from higher interest rates and lower catastrophe losses.
