Berkshire Hathaway News
Berkshire Hathaway Raises New CEO Abel’s Salary to $25 Million
Berkshire Hathaway said Jan. 6 that it raised the salary of new Chief Executive Officer Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor ...
Berkshire Hathaway Enters Post-Buffett Era as Share Prices Fall
Berkshire Hathaway's post-Buffett era began quietly on Friday, as shares slipped slightly after the "Oracle of Omaha" handed Greg Abel the top job following six decades at the helm. The world's most ...
Berkshire Hathaway Announces Leadership Appointments: New CEO at GEICO
Berkshire Hathaway announced that Nancy L. Pierce has been appointed Chief Executive Officer of GEICO, effective immediately. Pierce currently serves as Chief Operating Officer of GEICO and, since ...
Buffett Strongly Backs CEO-Designate Abel, Plans to Keep Berkshire Shares
Warren Buffett on Monday assured Berkshire Hathaway shareholders they need not worry about his upcoming departure as chief executive, giving a full-throated endorsement to his ...
Buffett’s Berkshire Cash Hits $382 Billion, Earnings Soar
Berkshire Hathaway Inc.'s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings surged 34 percent at Chief Executive Officer Warren Buffett's conglomerate. ...
Berkshire Insurance Units Report Lower Q2 Operating Income Overall
GEICO was the only one of Berkshire Hathaway's major property/casualty reporting divisions to post higher underwriting profit in the second quarter of 2025. But a 2.0 percent rise in underwriting ...
U.S. E&S Growth Slowed Again in ’24; Berkshire, AIG Top Premium Rankings
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4 percent in 2024, down from 14.5 percent a year ...
Staff Cuts Help Fuel GEICO Profit; Not ‘Pouring Money’ Into AI: Jain
He's not yet ready to declare "mission accomplished," but Ajit Jain, vice chair of Berkshire Hathaway's insurance operations, said the conglomerate's personal auto insurer, GEICO, is no longer ...