Berkshire Hathaway profit falls on writedowns, lower insurance income

Core Insights - Berkshire Hathaway reported a decline in operating profit for the fourth quarter, attributed to writedowns in investments and decreased insurance income [1][2] - The quarter marked the last for Warren Buffett as CEO, with Greg Abel taking over the role while Buffett remains chairman [1] Financial Performance - Quarterly operating profit fell by 30% to $10.2 billion, approximately $7,092 per Class A share, down from $14.53 billion a year earlier [2] - The company ended 2025 with $373.3 billion in cash, providing the new CEO with significant resources for potential acquisitions [2]