Berkshire Hathaway released its quarterly earnings report over the weekend, revealing better-than-expected operating profits of US$7.86 billion during the third quarter, up from US$6.88 billion last year, on the back of strong performances from its insurance, utilities, and railroad businesses.
And within Berkshire’s core insurance business, the company reported that insurance float, as of September 30, was approximately US$127 billion – an increase of US$4 billion since year-end 2018.
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