BRK-B · 10-Q · 2026Q2 · Full report

Interest Rate Environment

BERKSHIRE HATHAWAY INC · 2026-08-10 · Importance 31 · Surprise 32

After-tax insurance investment income declined $522 million, or 8.3%, in the first six months of 2026, primarily because lower short-term interest rates reduced interest income. Pre-tax investment income declined 7.6% year over year in the same period. Berkshire continued to prioritize ample liquidity and safety over yield in its short-term investments.