Core Insights - Berkshire Hathaway, led by Warren Buffett, has reached an unprecedented cash reserve of $381.7 billion by the end of September [1] Group 1: Financial Position - The cash and cash equivalents held by Berkshire Hathaway have never been higher, indicating a strong liquidity position [1]

Core Insights - Berkshire Hathaway reported a significant rebound in operating profit and a record cash reserve without engaging in share buybacks [1][3] Financial Performance - Operating profit from wholly owned businesses, including insurance and railroads, increased by 34% year over year to $13.485 billion in Q3 [2] - Insurance underwriting income surged over 200%, reaching $2.37 billion [2] Cash Reserves and Share Buybacks - The company did not repurchase any shares during the first nine months of 2025, despite a notable stock pullback [3] - Berkshire's cash reserves grew to a record $381.6 billion, exceeding the previous high of $347.7 billion [3] Equity Transactions - Berkshire Hathaway net sold equities in Q3, realizing a taxable gain of $10.4 billion, indicating a lack of attractive stock opportunities [4]