Berkshire Hathaway 2022 Q3 Highlights

Here are some highlights from the Berkshire Hathaway Q3 report posted Saturday morning.

$7.8 billion operating earnings, up 20% y/y
$31.4 billion operating earnings last 4 quarters, up around 25% from the previous 4 quarter.
Q3 includes a $3.4 billion pre-tax, $2.7 billion after-tax insurance loss from hurricane Ian. https://imgur.com/a/km2eHrW
$1 billion in buybacks in Q3, all Class A shares. https://imgur.com/a/edgCf8h
An additional ~$500 million in share repurchases from Oct 1st to Oct 26th based on disclosed share. https://imgur.com/a/SGLOhdk
Berkshire owns about 20% of Occidental Petroleum (OXY) with warrants to purchase an additional 8%, so they will report as equity method going forward, meaning instead of reporting this as a stock holding, they report is as partial ownership of the company and report a proportional share of the earnings as their own. Since OXY hasn't reported Q3 results yet, they have not included their ~20% of the earnings in this report. They will report on a 1 quarter lag going forward. I estimate OXY's Q3 earnings generated around an extra $500 million in operating earnings this quarter. https://imgur.com/a/nlzPR57
No major buys or sells apparent from the report.
Increased cash position to $109 billion
Berkshire completed the acquisition of Alleghany Corporation (Y) for $11.7 billion in Q4 funded by cash. That wills how up in the annual report.

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