Berkshire’s Earnings Hit Speed Bump on Insurance Businesses
- Cyclone in Australia hurts results at reinsurance units
- Buffett’s company posts gains at railroad, energy operation
Berkshire After Buffett
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Warren Buffett’s Berkshire Hathaway Inc. hit a speed bump in the first quarter as insurance units posted an underwriting loss, overshadowing gains at the company’s railroad and energy business.
The results aren’t likely to damp the festive mood as shareholders gather Saturday for the company’s annual meeting in Omaha, Nebraska. The event doubles as a showcase for Berkshire’s dozens of businesses and a platform for Buffett, 86, to share his investing gospel with thousands of adoring fans.