Berkshire Hathaway BRK Third Quarter 2025 Results

Warren Buffett Berkshire Hathaway saw a sharp rebound in operating profit on Saturday, while cash holdings rose to a new high without buybacks.

Berkshire’s operating profit generated by the conglomerate’s wholly owned businesses, including insurance and railroads, rose 34% year-over-year to $13.485 billion in the third quarter. The increases were driven by a more than 200 percent increase in insurance revenues, which reached $2.37 billion.

Buffett once again refrained from buying back shares despite the significant drop in share value. The company reported that there were no share buybacks in the first nine months of 2025. The conglomerate’s Class A and Class B shares will rise 5% each in 2025, while the S&P 500 Index is up 16.3%.

Without any buybacks, Berkshire’s cash holdings rose to a record $381.6 billion, surpassing the previous record of $347.7 billion set in the first quarter of this year.

Berkshire also didn’t find other stocks attractive, selling net shares in the third quarter for a taxable gain of $10.4 billion.

The 95-year-old Buffett announced this in May steps down as CEO at the end of the year, after six legendary decades. Greg Abel, Berkshire’s vice president of non-insurance operations, will become CEO, while Buffett will remain chairman of the board.

Shares of the Omaha-based conglomerate fell by double digits from all-time highs following the announcement. The sale partly reflects the so-called Buffett’s premium, which is the additional price investors are willing to pay because of the billionaire’s unparalleled track record and exceptional capital allocation skills.

Last month, Berkshire announced a purchase agreement Occidental Petroleum petrochemical unit OxyChem for $9.7 billion in cash. The deal is Berkshire’s largest since 2022, when Berkshire paid $11.6 billion to the Alleghany insurer.

This is breaking news. Please check back for updates.