MarketPR
Berkshire Hathaway (BRK.A, BRK.B) posted higher earnings last quarter, and Chief Executive Greg Abel is beginning to deploy the large cash position accumulated under Warren Buffett.
Energy, railroad and manufacturing businesses drove the upside, more than covering weaker results from the insurance segment. The operating picture The quarter's result turned on segment mix.
Energy, railroad and manufacturing came in with enough strength to carry the consolidated print past softer insurance numbers.
Insurance matters to the Berkshire model because premium float funds the conglomerate's investment activity.
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