Berkshire Hathaway Q4 net profit climbs almost 10%

|About: Berkshire Hathaway Inc (BRK.A)|By:, SA News Editor

Berkshire Hathaway's (BRK.A) Q4 net profit rose almost 10% to $4.99B, or $3,035 per class A share, helped by gains at the company's insurance units.

Operating profit +34% to $3.78B, or $2,297 a share.

Full-year net profit +31% to $19.48B, or $11,850 a share; operating profit +20% to $15.14B, or $9,211 a share.

Berkshire's 2013 book value per share, Warren Buffett's preferred measure of net worth, grew18.2% after taxes to $134,973.

From 2009-2013, book value increased 91%, while that of the S&P 28%; that's the first time that Buffett has failed in his goal of growing Berkshire's value faster than the S&P's over a five-year period.

Berkshire ended 2013 with $48.19B in of cash and equivalents, which gives the company plenty of money to make more big deals.

Berkshire's full annual report.