Berkshire Hathaway Q4 net earnings $37.6 billion; operating earnings $8.5 billion
Berkshire Hathaway reported fourth-quarter 2023 net earnings attributable to shareholders of $37.6 billion, up from $18.1 billion a year earlier, and operating earnings of $8.5 billion, up from $6.6 billion. Investment and derivative gains of $29.1 billion made up most of the net earnings increase, and the company says investment gains in any quarter are usually not indicative of business performance. For the full year, net earnings were $96.2 billion compared with a loss of $22.8 billion in 2022.
Key points
- Q4 2023 net earnings of $37.6 billion versus $18.1 billion in Q4 2022, including investment and derivative gains of $29.1 billion
- Q4 2023 operating earnings of $8.5 billion versus $6.6 billion; insurance-underwriting earnings rose to $848 million from $160 million
- Full-year 2023 net earnings of $96.2 billion versus a $22.8 billion loss in 2022; full-year operating earnings of $37.4 billion versus $30.9 billion
- Berkshire repurchased about $2.2 billion of its shares in Q4 2023 and about $9.2 billion for the full year
The filing
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 February 26, 2024.
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.