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AI brief of an SEC Form 8-K · Berkshire Hathaway (BRK-B)

Berkshire Hathaway Q3 net loss $12.8 billion; operating earnings rise to $10.8 billion

Mixed Impact 3 of 5 earnings Written later

Berkshire Hathaway reported a third-quarter 2023 net loss attributable to shareholders of $12.8 billion, compared with a $2.8 billion loss a year earlier, driven by $23.5 billion of investment and derivative losses. Operating earnings, which exclude those investment results, rose to $10.8 billion from $7.7 billion. For the first nine months, net earnings were $58.6 billion, compared with a $40.8 billion loss in the same period of 2022.

Key points

  • Q3 2023 net loss attributable to Berkshire shareholders: $12.8 billion, versus $2.8 billion in Q3 2022
  • Q3 2023 operating earnings: $10.8 billion, up from $7.7 billion; insurance-underwriting earnings were $2.4 billion versus a $1.1 billion loss
  • Q3 2023 railroad earnings fell to $1.2 billion from $1.4 billion; utilities and energy fell to $498 million from $1.6 billion
  • Nine-month 2023 net earnings: $58.6 billion; about $7.0 billion used to repurchase shares through September 30, 2023

The filing

CompanyBerkshire Hathaway (BRK-B)
Form8-K, current report
Filed with the SECNov 7, 2023, 1:07 PM ET
Accession number0001193125-23-272204

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.