BRK-B · Full Picture

BERKSHIRE HATHAWAY INC — the full picture

Earnings window · 2026-04-13 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Investment gains volatility · UnclassifiedPriority 93
    +25.9% net_income (realized); 3 sources (news, press_release, sec_filing); 2 forward row(s); structured_verified
    Investment gains (losses) include losses of approximately $7.0 billion in the first quarter of 2026 due to changes in unrealized gains in equity security investment holdings.
  2. Reinsurance (BHRG) and Tokio Marine Deal · UnclassifiedPriority 69
    +10.0% margin (realized); 1 forward row(s); structured_verified
    On March 23, 2026, NICO entered into a ten-year whole account quota-share reinsurance agreement with Tokio Marine effective April 1, 2026.
  3. BH Primary underwriting trends · UnclassifiedPriority 67
    +14.6% margin (realized); 2 sources (press_release, sec_filing); quote_verified
    BH Primary losses and LAE declined $660 million (19.1%) in Q1 2026 versus 2025, and the loss ratio declined 14.6 percentage points.
  4. Revenue Performance and Mix · Revenue growth & mixPriority 66
    +4.3% revenue; 2 sources (news, sec_filing); 1 forward row(s); structured_verified
    Total manufacturing, service and retailing revenues were $54,842 million in Q1 2026 versus $51,508 million in Q1 2025, an increase of 6.5%.
  5. Buffett Share Donations and Reallocation · UnclassifiedPriority 62
    quote_verified
    He Plans to Give Away $138 Billion More by 2034.
  6. Portfolio Concentration in Top Stocks · Ownership & institutional flowsPriority 60
    1 forward row(s); quote_verified
    Just 4 Stocks Make Up Over 50% of Berkshire Hathaway.
  7. Industrial Products Surge · UnclassifiedPriority 59
    +6.4% revenue (realized); structured_verified
    Manufacturing revenues were $20,672 million in Q1 2026 and $18,766 million in Q1 2025, an increase of 10.2%.
  8. Record cash hoard · UnclassifiedPriority 58
    quote_verified
    We May Soon Find Out Why Warren Buffett and Berkshire Hathaway Have Almost $400 Billion in Cash
  9. Insurance float and capital support · UnclassifiedPriority 57
    2 sources (news, press_release); quote_verified
    At March 31, 2026, insurance float (the net liabilities we assume under insurance contracts) was approximately $176.9 billion.
  10. Net earnings and EPS · Operating income & profitabilityPriority 56
    +8.7% net_income (realized); quote_verified
    Net earnings attributable to Berkshire shareholders for the first quarter of 2026: $10,106 million.
  11. Leadership Succession and Management Involvement · Leadership & organizationPriority 54
    1 forward row(s); quote_verified
    Charlie Shamieh will take over Berkshire's insurance business when Ajit Jain retires.
  12. Shift Toward Tech/AI Stocks · UnclassifiedPriority 54
    quote_verified
    Greg Abel made an AI stock a top-5 Berkshire holding.

Threads by pillar

Revenue & Demand Priority 75 · 10 threads

Costs & Margins Priority 68 · 6 threads

Capital & Balance Sheet Priority 73 · 8 threads

Strategy & Portfolio Priority 67 · 11 threads

Legal, Regulatory & Policy Priority 22 · 2 threads

Guidance & Outlook Priority 45 · 3 threads

Macro & Market Conditions Priority 51 · 10 threads

Management & Governance Priority 62 · 5 threads

Shareholders & Street Priority 71 · 10 threads

Unclassified Priority 100 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
assets+3.4%+5.6%+0.1%
cash-5.3%+5.3%-4.7%
revenue+4.3%+4.3%+18.2%
liability-0.8%+0.8%-0.4%
operating_income——+2.7%
margin——+31.8%
net_income——+46.2%