(Reuters) – Berkshire Hathaway, the conglomerate of billionaire Warren Buffett, reported on Saturday a record operating profit for the second quarter at 10.04 billion dollars (9.12 billion euros), driven in particular by its activities. insurance and the sale of shares.
Rising interest rates and dividends, along with a turnaround in the performance of auto insurer Geico, helped Berkshire’s insurance business generate more revenue, with profit up 38% from last year. the previous year.
Quarterly net profit reached $35.91 billion, compared with a loss of $43.62 billion a year earlier.
Its second-quarter operating profit hit a record $10.04 billion, up from $9.42 billion a year earlier.
The conglomerate said it repurchased $1.4 billion in shares during the quarter.
He also sold $8 billion worth of stock from his portfolio – about half of which is Apple stock – and is worth a total of $353 billion.
Warren Buffett, who will turn 93 on August 30, is the sixth richest person in the world with a capital of 117.5 billion dollars, according to Forbes magazine.
(Report Jonathan Stempel in New York; French version Kate Entringer)
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