Warren Buffett's Berkshire Hathaway sees 17% profit boost

Business Nov 01, 2025

Warren Buffett's Berkshire Hathaway just reported a 17% profit boost for the quarter, pulling in $30.8 billion—up from last year's $26.3 billion.
The big wins came from fewer natural disasters and smart investment moves, plus insurance businesses bouncing back with $2.4 billion in gains.
Berkshire also set a new record with $381.7 billion in cash reserves.

Buffett to step down as CEO in January

Buffett, now 95, will step down as CEO in January 2025, handing the reins to Greg Abel but staying on as chairman.
After news of his retirement broke, Berkshire's stock dipped to $715,740 per share—down from its May high—but all eyes are on how the company will evolve post-Buffett.