Citable filing context
BRK-B's research view summarizes recent SEC filing context, starting with debt_offering from Apr 16, 2026.
| Filed | Item | Context |
|---|---|---|
| Apr 16, 2026 | debt_offering | Berkshire Hathaway listed various senior notes, including 1.125% due 2027 and 2.150% due 2028. |
| Mar 5, 2026 | debt_offering | Berkshire Hathaway listed several senior notes on the New York Stock Exchange. |
| Mar 2, 2026 | earnings | Berkshire Hathaway Inc. reported its results of operations and financial condition. |
| Aug 31, 2020 | Guidance: maximum_ownership_stake_japanese_trading_companies | not reported to 9.90 |
| May 4, 2026 | mda_quarterly | Berkshire Hathaway's net earnings attributable to shareholders surged to $10.1 billion in Q1 2026 from $4.6 billion in Q1 2025, primarily due to improved operating results and significantly reduced investment losses. Insurance underwriting earnings rose to $1.7 billion, benefiting from the absence of major catastrophe events, which had caused $860 million in losses in Q1 2025. However, GEICO's underwriting declined due to higher claims frequency, severity, and increased policy acquisition expenses. Insurance investment income decreased 7.4% to $2.68 billion, reflecting lower interest rates. BNSF railroad earnings increased 13.4% to $1.38 billion, driven by higher revenues from increased volumes in agricultural and energy products, core pricing gains, and improved operating efficiencies. Berkshire Hathaway Energy's earnings grew 1.5% to $1.11 billion, with strong performance in natural gas pipelines offsetting declines in U.S. utilities due to higher operating expenses and lower tax credits. Manufacturing, service, and retailing businesses reported a 4.5% earnings increase to $3.2 billion. Manufacturing benefited from acquisitions, including OxyChem, and robust demand in industrial products, while retailing experienced mixed results, notably a pre-tax loss at Pilot due to lower fuel margins and higher expenses. Investment losses, largely unrealized, narrowed to $1.24 billion from $5.04 billion. The company maintains substantial liquidity, with $236.8 billion in cash, cash equivalents, and U.S. Treasury Bills within its insurance operations. |
| Mar 2, 2026 | business | Berkshire Hathaway is a holding company primarily engaged in insurance, freight rail, and utility/energy businesses, alongside numerous manufacturing, services, and retailing operations, all managed on a highly decentralized basis. Its insurance segment, encompassing GEICO (11.6% auto market share), Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group, provides global property, casualty, life, and health coverage. This segment generates substantial |
| Mar 2, 2026 | mda | BRK-B's net earnings attributable to shareholders decreased to $66.97 billion in 2025 from $88.99 billion in 2024, primarily due to lower investment gains and significant other-than-temporary impairment losses of $8.26 billion on Kraft Heinz and Occidental investments. Insurance underwriting earnings declined in 2025 to $7.26 billion, reflecting increased competition and rising claim cost trends across all groups. GEICO's loss ratio increased to 72.3% in 2025, driven by higher claims severities and increased advertising expenses. Insurance investment income decreased 8.5% in 2025 due to lower interest rates and capital distributions to Berkshire. BNSF's net earnings rose 8.8% in 2025 to $5.48 billion, benefiting from improved operating efficiencies, lower litigation accruals, and the absence of a 2024 labor agreement charge, despite flat revenues. Berkshire Hathaway Energy's earnings increased 6.7% to $3.98 billion, largely due to lower wildfire loss accruals at PacifiCorp and reduced real estate brokerage litigation impacts, though natural gas pipelines and other energy businesses saw declines. Manufacturing, service, and retailing businesses saw mixed results, with overall earnings up 4.4% in 2025. Industrial products, particularly Precision Castparts Corp. (PCC), showed strong earnings growth, while Pilot Travel Centers experienced a 69.1% earnings decline due to lower wholesale fuel margins and higher expenses. The company maintains significant liquidity, with $369 billion in cash and U.S. Treasury Bills, and a strong capital base, but did not repurchase shares in 2025. Key risks include macroeconomic and geopolitical conflicts, competition, and evolving claim cost trends. |
Source: SEC EDGAR filing text and events; period Apr 16, 2026; filed Apr 16, 2026.
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