Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A) Q3 operating income of $ 7.86B rises 14% y / y, on gain in insurance investment income; railway, tools and energy; and others. By segment:
Insurance coverage was little changed at $ 440 million against $ 441M in the previous quarter.
Insurance – investment income $ 1.48 B, up 20% Y / Y.
Railway, utilities and energy $ 2.64 B, up 6.4%.
Other businesses $ 2.46B versus $ 2.41B, up 1.8%.
Other $ 835M, up 174%.
Update at 8:20 AM ET: The fair value of the ownership interest in Kraft Heinz falls to $ 9.09B against $ 1
Update at 08:13 ET: Cash and holdings in short-term Treasury bills increase to $ 128B from $ 122B at the end of Q2.
Bought back $ 700 million shares during the quarter.
30. September 2019, the insurance flow was ~ $ 127B, up $ 4B since the end of 2018.
3. quarterly net income of $ 16.5B fell from $ 18.5B in the prior year quarter.