Berkshire Hathaway posts 18% rise in Q1 operating earnings under new CEO Greg Abel

Berkshire Hathaway reported an 18% increase in operating earnings to $11.35 billion for Q1 2026, its first full quarter under CEO Greg Abel. Net income more than doubled to $10.11 billion, helped by improved investment results despite a $1.24 billion investment loss. The company’s cash reserves hit a record $397 billion. Insurance underwriting earnings rose 28%, though Geico saw a 34% drop in profits. Shares rose about 1% following the report, reflecting investor confidence in the new leadership and strong financial performance.