Warren Buffett's insurance and investment company says earnings were lifted by higher insurance underwriting profit, investment income.
Warren Buffett's Berkshire Hathaway Inc said Friday second-quarter earnings rose 33 percent as higher insurance and utility profits offset pressure on housing-related businesses from the slowing U.S. real estate market.
Net income for the Omaha, Nebraska-based insurance and investment company rose to $3.12 billion, or $2,018 per Class A share, from $2.35 billion, or $1,522, a year earlier.
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