KO - Berkshire Hathaway's Q1 Operating Earnings Surged 39% — Here's Why | Benzinga
Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK), on Saturday, registered a solid increase in first-quarter operating earnings, driven by strength in its insurance businesses, both in underwriting and investment income.
The Omaha-based company's quarterly operating earnings of $11.22 billion rose over 39% from $8.065 billion in the year-ago quarter.
At the end of the quarter, the company said approximately 75% of the aggregate fair value was concentrated in five companies:
- American Express Company (NYSE:AXP) – $34.5 billion
- Apple Inc. (NASDAQ:AAPL) – $135.4 billion
- Bank Of America Corporation (NYSE:BAC) – $39.2 billion
- Coca-Cola Company (NYSE:KO): – $24.5 billion
- Chevron Corporation (NYSE:CVX) – $19.4 billion
The company’s cash and equivalents as of March end stands at $28.891 billion,
Q1 Net ...