AI English summary of an SEC filing — figures as filed
Berkshire Hathaway BRK.BThe company said Berkshire's net earnings attributable to Berkshire shareholders were $37,574 million for Q4 2023, and $96,223 million for the full year. For 2022, it said there was a net loss of $18,080 million in Q4 and a full-year net loss of $(22,759) million.
Key points
AI summaryThe company said Berkshire's net earnings attributable to Berkshire shareholders were $37,574 million for Q4 2023, and $96,223 million for the full year. For 2022, it said there was a net loss of $18,080 million in Q4 and a full-year net loss of $(22,759) million.
The company said its operating earnings for the full year 2023 were $37,350 million, compared with $30,853 million in 2022, and that investment and derivative gains were $58,873 million, compared with $(53,612) million in 2022. It explained that full-year investment gains included changes in the unrealized gains on its equity security holdings of $53.0 billion.
The company said its full-year 2023 insurance-underwriting earnings were $5,428 million, compared with $(30) million in 2022, while insurance-investment income was $9,567 million, railroad earnings were $5,087 million, utilities and energy earnings were $2,331 million, and other businesses earnings were $15,112 million.
The company said it repurchased about $2.2 billion of Berkshire shares in Q4 2023, and about $9.2 billion for the full year. As of December 31, 2023, insurance float, the net liabilities it assumes under insurance contracts, was about $169 billion, an increase of $5 billion from the end of 2022.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q4 2023 and Full-Year Net Earnings
The company said Berkshire's net earnings attributable to Berkshire shareholders were $37,574 million for Q4 2023, and $96,223 million for the full year. For 2022, it said there was a net loss of $18,080 million in Q4 and a full-year net loss of $(22,759) million.
Source · Based on the filing body and exhibits
Operating Earnings and Investment and Derivative Gains Mix
The company said its operating earnings for the full year 2023 were $37,350 million, compared with $30,853 million in 2022, and that investment and derivative gains were $58,873 million, compared with $(53,612) million in 2022. It explained that full-year investment gains included changes in the unrealized gains on its equity security holdings of $53.0 billion.
Source · Based on the filing body and exhibits
Full-Year 2023 Operating Earnings by Segment
The company said its full-year 2023 insurance-underwriting earnings were $5,428 million, compared with $(30) million in 2022, while insurance-investment income was $9,567 million, railroad earnings were $5,087 million, utilities and energy earnings were $2,331 million, and other businesses earnings were $15,112 million.
Source · Based on the filing body and exhibits
Share Repurchases and Insurance Float
The company said it repurchased about $2.2 billion of Berkshire shares in Q4 2023, and about $9.2 billion for the full year. As of December 31, 2023, insurance float, the net liabilities it assumes under insurance contracts, was about $169 billion, an increase of $5 billion from the end of 2022.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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