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Berkshire takes $3.8 billion Kraft Heinz write-down as quarterly profits decline
Berkshire said the 12 per cent quarterly decline in insurance underwriting profit stemmed primarily from reinsurance businesses and some smaller insurance businesses. Geico, its best-known insurance business, saw pre-tax underwriting profit rise 2 per cent, as a 5 per cent increase in premiums offset a smaller rise in accident losses.
Berkshire Hathaway has been hit by a $3.8bn writedown on its investment in Kraft Heinz, in an acknowledgment of the trouble ...
On Saturday, Berkshire marked down the carrying value of its Kraft Heinz investment to $8.4 billion, down from more than $17 ...
Second-quarter results show Berkshire Hathaway saw soft second-quarter insurance profits but builds a huge cash horde.
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Berkshire Hathaway has reported a $3.8 billion impairment on its stake in Kraft Heinz, marking a significant setback for the ...
Warren Buffett and Berkshire Hathaway own a lot of Kraft Heinz stock, so what happens when they decide to sell KHC?
Berkshire marked down its carrying value of the Kraft Heinz stake to $8.4 billion at the end of June, according to a ...
Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products ...
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