Berkshire Hathaway Q4 net profit climbs almost 10%

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.

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Comments (4)
    , contributor
    Comments (2) | Send Message
    Book value increased 91% 2009-2013, S&P: 28% --- but buffet missed the goal of beating the S&P..? Maybe it's just late, but I feel like I'm missing something.
    2 Mar 2014, 04:17 AM Reply Like
  • briandwright
    , contributor
    Comments (31) | Send Message
    Editor: The correct S&P number is 128%, not 28%.
    2 Mar 2014, 06:16 AM Reply Like
  • dacama1
    , contributor
    Comments (221) | Send Message
    Thanks for the number...
    2 Mar 2014, 07:33 AM Reply Like
  • PeteCal
    , contributor
    Comments (90) | Send Message
    Thanks from me also. I saw these figures in Sunday's paper and couldn't understand. 91%<28% I must have been asleep in math class the day they taught that.
    Now it is explained.
    3 Mar 2014, 09:31 AM Reply Like
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