(Berkshire Hathaway) announced on Saturday that its operating profit declined in the third quarter due to a decline in insurance underwriting performance, and said it had repurchased 9.6 billion US dollars of shares during the quarter. The buyback is in addition to the $4.8 billion shares that Berkshire bought back earlier this year. Quarterly operating profit fell 5.8% from US$13.49 billion in the same period last year to US$12.71 billion, which is equivalent to approximately US$8954 per Class A share. Net profit fell 28% to $22.11 billion, including unrealized gains and losses on shares currently held by Berkshire, headquartered in Omaha, Nebraska. By the end of the third quarter, the company's cash reserves reached a record high of US$377.4 billion.

(Berkshire Hathaway) announced on Saturday that its operating profit declined in the third quarter due to a decline in insurance underwriting performance, and said it had repurchased 9.6 billion US dollars of shares during the quarter. The buyback is in addition to the $4.8 billion shares that Berkshire bought back earlier this year. Quarterly operating profit fell 5.8% from US$13.49 billion in the same period last year to US$12.71 billion, which is equivalent to approximately US$8954 per Class A share. Net profit fell 28% to $22.11 billion, including unrealized gains and losses on shares currently held by Berkshire, headquartered in Omaha, Nebraska. By the end of the third quarter, the company's cash reserves reached a record high of US$377.4 billion.