Berkshire Hathaway steps up share buybacks with $9.6bn of purchases
Insurance slowdown drags on performance, with quarterly operating income falling by 5.8 per cent year-on-year
TL;DR
- Berkshire Hathaway spent $9.6 billion on share buybacks in the latest quarter.
- This represents a substantial increase in repurchase activity compared to the previous year.
- Quarterly operating income fell by 5.8% year-on-year.
- The slowdown in the insurance sector is cited as the reason for the decreased operating income.