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Berkshire Hathaway Q3 earnings show weaker insurance profits and limited buyback appeal, holding steady on valuation.

Company Fundamentals
09 Nov 2026, 14:30 WIB
Seeking Alpha
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Bearish
Berkshire Hathaway Q3 earnings show weaker insurance profits and limited buyback appeal, holding steady on valuation.

Berkshire Hathaway's Q3 earnings revealed a sharp decline in its insurance segment, with GEICO's underwriting profit nearly halving and premiums facing pressure. Despite a surge in share buybacks to $9.6 billion, the current valuation at 1.60 times book value limits further buyback attractiveness. The recent stock outperformance relative to the S&P 500 appears driven more by defensive market rotation than strong fundamental confidence in Berkshire's near-term prospects. The analyst maintains a Hold rating, reflecting cautious optimism amid these mixed signals.

Berkshire Hathaway's market cap stands at $1.22 trillion as of Nov 09, 2026, 19:13 WIB, reflecting its massive scale despite recent operational challenges. The stock trades at USD 568.52 on Pluang, down 0.66% in the last day, with a trading volume of 5,348,145 shares. These figures highlight steady investor interest amid the mixed signals from Berkshire's earnings and buyback activity.

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