AI English summary of an SEC filing — figures as filed
Berkshire Hathaway BRK.BThe company said net earnings attributable to Berkshire shareholders were $30,348 million for Q2 2024, compared with $35,912 million for Q2 2023, and $43,050 million for the first six months, versus $71,416 million in the first six months of 2023. All figures are after tax.
Key points
AI summaryThe company said net earnings attributable to Berkshire shareholders were $30,348 million for Q2 2024, compared with $35,912 million for Q2 2023, and $43,050 million for the first six months, versus $71,416 million in the first six months of 2023. All figures are after tax.
The company said operating earnings were $11,598 million for Q2 2024, compared with $10,043 million for Q2 2023, and $22,820 million for the first six months, versus $18,108 million in the first six months of 2023. Operating earnings is a non-GAAP measure that excludes investment and derivative gains and losses and impairments of goodwill and intangible assets from net earnings.
The company said investment gains for Q2 2024 were $18,750 million, including after-tax realized gains on sales of investments of $47.0 billion and losses of $28.2 billion from changes in unrealized gains on its equity security investments. For the first six months, investment gains of $20,230 million included realized gains of $58.2 billion and losses of $37.9 billion.
The company said it used about $345 million to repurchase Berkshire shares in Q2 2024, bringing the six-month total to $2.9 billion. Insurance float, the net liabilities it assumes under insurance contracts, was about $169 billion as of June 30, 2024.
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.
Q2 and First-Half Net Earnings
The company said net earnings attributable to Berkshire shareholders were $30,348 million for Q2 2024, compared with $35,912 million for Q2 2023, and $43,050 million for the first six months, versus $71,416 million in the first six months of 2023. All figures are after tax.
Source · Based on the filing body and exhibits
Operating Earnings for Q2 and First Half
The company said operating earnings were $11,598 million for Q2 2024, compared with $10,043 million for Q2 2023, and $22,820 million for the first six months, versus $18,108 million in the first six months of 2023. Operating earnings is a non-GAAP measure that excludes investment and derivative gains and losses and impairments of goodwill and intangible assets from net earnings.
Source · Based on the filing body and exhibits
Investment Gains and Unrealized Gains Changes
The company said investment gains for Q2 2024 were $18,750 million, including after-tax realized gains on sales of investments of $47.0 billion and losses of $28.2 billion from changes in unrealized gains on its equity security investments. For the first six months, investment gains of $20,230 million included realized gains of $58.2 billion and losses of $37.9 billion.
Source · Based on the filing body and exhibits
Share Repurchases and Insurance Float
The company said it used about $345 million to repurchase Berkshire shares in Q2 2024, bringing the six-month total to $2.9 billion. Insurance float, the net liabilities it assumes under insurance contracts, was about $169 billion as of June 30, 2024.
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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