Berkshire Hathaway

Buffett, the 94-year-old architect and face of Berkshire Hathaway Inc., announced that the gathering would be his last as head of the company.

Berkshire's Vice Chair of Insurance Operations Ajit Jain said Geico reduced the insurer's headcount from approximately 50,000 to roughly 20,000, though he didn't specify the time period for the reductions.

The legendary investor expressed his inclination for equities even after selling large chunks of Berkshire Hathaway's investments in three major banks. "That preference won't change," Buffett wrote in his annual letter to shareholders.

Berkshire Hathaway Inc. became the first US company outside of the tech sector to surpass $1 trillion in market value.

Berkshire Hathaway Inc.'s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses.

The conglomerate reported fourth-quarter operating earnings of $8.48 billion on Saturday, versus $6.63 billion for the same period a year earlier, helped by an increase in insurance underwriting earnings and investment income amid higher interest rates and milder weather.

Warren Buffett's Berkshire Hathaway faces accusations it violated the terms of a more than $10 billion acquisition of truck-stop-chain Pilot Travel Centers by changing the accounting methods used to value part of the deal, according to an unsealed lawsuit.

Warren Buffett's firm ramped up its reinsurance exposure to the state, looking to take advantage of rising prices.

Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter.

Auto-insurer Geico reported a full-year underwriting loss of almost $1.9 billion as inflation ate into margins alongside elevated claim frequency and severity.