Every material Form 8-K Berkshire Hathaway filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Berkshire Hathaway said CFO Marc Hamburg will resign as Chief Financial Officer on June 1, 2026 and retire on June 1, 2027, and that Charles C. Chang, currently CFO of Berkshire Hathaway Energy, will succeed him on June 1, 2026. The December 8, 2025 press release also named new leaders at GEICO, the consumer products and retailing businesses and general counsel, and said Gregory E. Abel will become President and CEO of Berkshire on January 1, 2026, which changes top leadership across several units.
Marc D. Hamburg resigns as CFO June 1, 2026 and retires June 1, 2027, after 40 years of service.
Charles C. Chang, 57, succeeds Hamburg as SVP and CFO on June 1, 2026; he has been BHE's CFO since October 1, 2024.
Chang's compensation arrangements have not been finalized and will be disclosed in an amended 8-K.
Gregory E. Abel becomes President and CEO on January 1, 2026; Nancy L. Pierce named GEICO CEO effective immediately after Todd A. Combs resigned to join JPMorgan Chase.
Berkshire Hathaway reported third-quarter 2025 net earnings attributable to shareholders of $30,796 million, up from $26,251 million a year earlier, and operating earnings of $13,485 million, up from $10,090 million. For the first nine months, net earnings were $47,769 million, down from $69,301 million, while operating earnings rose to $34,286 million from $32,910 million. The release says investment gains and losses can distort per-share results, so shareholders are directed to the 10-Q for fuller detail.
Third-quarter 2025 net earnings were $30,796 million, including investment gains of $17,311 million.
Third-quarter 2025 operating earnings were $13,485 million, versus $10,090 million in the third quarter of 2024.
First nine months 2025 net earnings were $47,769 million, versus $69,301 million in the same period of 2024, and included a $3,760 million other-than-temporary impairment of Kraft Heinz.
Insurance float was approximately $176 billion at September 30, 2025, up $5 billion since yearend 2024.
Berkshire Hathaway reported second-quarter 2025 net earnings attributable to shareholders of $12.37 billion, down from $30.35 billion a year earlier, and first-half net earnings of $16.97 billion, down from $43.05 billion. Operating earnings, which exclude investment gains and losses, slipped to $11.16 billion from $11.60 billion, and the company recorded a $3.76 billion other-than-temporary impairment on its Kraft Heinz investment.
Q2 2025 net earnings were $12.37 billion, versus $30.35 billion in Q2 2024.
Q2 2025 operating earnings were $11.16 billion, versus $11.60 billion in Q2 2024.
Q2 2025 included a $3.76 billion other-than-temporary impairment of the Kraft Heinz investment.
Insurance float was approximately $174 billion at June 30, 2025, up $3 billion since year-end 2024.
Berkshire Hathaway's board unanimously voted on May 4, 2025 to appoint Greg Abel, currently Vice Chairman – Non-Insurance Operations, as President and CEO effective January 1, 2026. Warren Buffett will remain Chairman of the Board, and the company said so in a May 5, 2025 press release. The filing marks a planned leadership succession for shareholders, though it reports no financial results.
Board vote: unanimous, on May 4, 2025, following Buffett's May 3, 2025 announcement at the annual shareholders meeting
Greg Abel, age 62, has been a Berkshire director and Vice Chairman – Non-Insurance Operations since 2018
Abel was CEO of Berkshire Hathaway Energy from 2008 to 2018 and has been its chairman since 2011
Warren Buffett will remain Chairman of the Board of Directors
Berkshire Hathaway reported first-quarter 2025 net earnings of $4.6 billion, down from $12.7 billion a year earlier, as investment losses of $5.0 billion replaced prior-year investment gains of $1.5 billion. Operating earnings also declined, to $9.6 billion from $11.2 billion. At its May 3, 2025 annual meeting, shareholders voted on director elections and seven shareholder proposals, and each proposal drew far more Against votes than For votes.
Net earnings per average equivalent Class A share were $3,200 in Q1 2025 versus $8,825 in Q1 2024.
Operating earnings were $9.6 billion versus $11.2 billion; insurance-underwriting earnings were $1.3 billion versus $2.6 billion.
BNSF earnings rose to $1.2 billion from $1.1 billion, and Berkshire Hathaway Energy earnings rose to $1.1 billion from $717 million.
The company urged investors to read its 10-Q, which it said has been posted on its website.
Berkshire Hathaway reported fourth-quarter 2024 net earnings of $19.7 billion, down from $37.6 billion a year earlier, mainly because investment gains fell to $5.2 billion from $29.1 billion. Operating earnings, which exclude investment gains and losses, rose to $14.5 billion from $8.5 billion, and full-year 2024 net earnings were $89.0 billion versus $96.2 billion in 2023.
Q4 2024 net earnings attributable to Berkshire shareholders were $19.7 billion, versus $37.6 billion in Q4 2023.
Q4 2024 operating earnings were $14.5 billion, versus $8.5 billion in Q4 2023; full-year operating earnings were $47.4 billion, versus $37.4 billion.
Q4 2024 net earnings per Class B share were $9.13, versus $17.36 a year earlier; full-year 2024 was $41.27, versus $44.27.
Berkshire used approximately $2.9 billion to repurchase its shares in 2024; insurance float was approximately $171 billion at December 31, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Berkshire Hathaway filing is on SEC EDGAR ↗. 8-K briefs of other companies →