Berkshire Hathaway reported a small decline in second-quarter operating earnings, a 4% year over year drop to $11.16 billion. The decline was attributed to a decline in insurance underwriting, while other industries saw higher profits. The Omaha-based conglomerate warned of the potential impact of President Donald Trump’s tariffs on its businesses. Berkshire Hathaway’s cash hoard of $344.1 billion remained near a record high, but the pace of changes in international trade policies and tariffs accelerated through the first six months of 2025. The conglomerate also did not repurchase any stock in the first half of 2025, despite shares declining more than 10%. Berkshire wrote down a loss of $3.8 billion from its Kraft Heinz stake, a longtime underperformer for the conglomerate. This is the first earnings report since Buffett announced his resignation as CEO at the end of 2025.
Berkshire Hathaway’s operating earnings have fallen by 4% due to concerns about tariff impact.
