Earnings Performance - Net earnings attributable to Berkshire shareholders for Q4 2025 were $19,199 million, a decrease of 2.5% from $19,694 million in Q4 2024[5] - Full year net earnings for 2025 were $66,968 million, down 24.7% from $88,995 million in 2024[5] - Operating earnings for Q4 2025 were $10,200 million, a decline of 29.8% compared to $14,527 million in Q4 2024[9] - Insurance-underwriting earnings for Q4 2025 were $1,561 million, down from $3,409 million in Q4 2024[9] - Berkshire's investment income for Q4 2025 was $3,072 million, a decrease from $4,088 million in Q4 2024[9] Investment Gains - Investment gains for Q4 2025 included $13,494 million, significantly higher than $5,167 million in Q4 2024[5] Shareholder Information - Average equivalent Class A shares outstanding remained stable at 1,438,223 for both Q4 2025 and Q4 2024[5] - Average equivalent Class B shares outstanding increased to 2,157,335,139 in Q4 2025 from 2,157,034,121 in Q4 2024[5] Insurance Float - Insurance float increased to approximately $176 billion by December 31, 2025, up $5 billion from year-end 2024[11] Segment Performance - Manufacturing, service, and retailing segment reported operating earnings of $3,370 million in Q4 2025, compared to $3,262 million in Q4 2024[9]
News Releases from Berkshire Hathaway and from Warren Buffett 20260228