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The conglomerate also said it repurchased $3.2 billion of its own stock in the quarter, on top of committing more than $18 billion to the purchase of insurer Alleghany (NYSE:Y) Corp and the stock of Occidental Petroleum Corp (NYSE:OXY).
First-quarter operating profit edged up to $7.04 billion from $7.02 billion a year earlier.
Net income totaled $5.46 billion, or $3,702 per Class A share, compared with $11.71 billion, or $7,638 per Class A share, a year earlier.
Berkshire released results ahead of its first in-person annual shareholder meeting since 2019 in Omaha, Nebraska, where the company is based.
