Berkshire Hathaway (NYSE: BRKa) shares surged to an all-time high on Monday after Warren Buffett’s conglomerate reported its highest-ever quarterly profit, fueled by a robust performance in its insurance division.
The Class A shares jumped 4% to close at $747,485.49, briefly touching an intraday high of $755,968, surpassing the previous peak set on June 3, 2023. The more widely held Class B shares also gained 4.1% to settle at $498.42. With this rally, Berkshire Hathaway’s market capitalization soared to $1.08 trillion.
A Record-Setting Quarter

Q4 operating profit rose 71% year-over-year to $14.53 billion (excluding currency fluctuations: $13.38 billion), beating analyst forecasts.
Full-year operating profit reached $47.44 billion, a 27% increase from 2023.
Berkshire’s cash reserves swelled to $334.2 billion, primarily invested in U.S. Treasury bills.
The company trimmed its Apple (NASDAQ: AAPL) stake but retained it as its largest common stock holding.

Buffett’s net worth climbed to $155.5 billion, making him the sixth-richest person globally, according to Forbes.
Geico’s Turnaround Drives Gains
One of the key drivers behind the stellar performance was Geico, Berkshire’s auto insurance unit, which significantly improved underwriting profitability. Under CEO Todd Combs, Geico’s profits more than doubled in 2024, despite a workforce reduction of 2,300 jobs after cutting 7,700 jobs in 2023.
Investment Outlook
Given Berkshire’s strong cash position and disciplined investment strategy, investors are closely analyzing its full financials to track capital deployment and stock repurchases. Additionally, its company rating provides valuable insights into its overall financial strength and risk profile.
With a record-breaking quarter and a growing cash pile, Berkshire Hathaway continues to outperform expectations, reinforcing Buffett’s long-standing investment principles.