Deals

Hurricanes Drag Down Berkshire's Quarterly Earnings

Natural disasters dragged down earnings by almost $2 billion
Cash pile increases to $109 billion as of end of September

Bloomberg’s Noah Buhayar reports on Berkshire Hathaway’s financial results.(Source: Bloomberg)

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Noah Buhayar and Katherine Chiglinsky

November 3, 2017 at 8:32 PM UTC

Updated on

November 3, 2017 at 9:47 PM UTC

This article is for subscribers only.

Mother Nature took a toll on Berkshire Hathaway Inc. in the third quarter.

Natural disasters including Hurricanes Harvey, Irma and Maria hit Warren Buffett’s insurance-focused conglomerate hard, dragging down earnings by almost $2 billion and overshadowing positive results elsewhere.