Timeliness goes from 1 to 3. Technical goes from 1 to 3. Safety remains at 1. "" Berkshire Hathaway's earnings are
likely to decline on a year-over-year
basis in 2023 against a very tough
comparison. Looking at it with more
granularity, operating earnings per share
clocked in at $3.71 during the March quarter, which represented a nearly 17% advance on a year-over-year basis. Insurance
operations were particularly strong with
underwriting and investment income comparisons up sharply from last year's tallies. This doesn't come as much of a surprise to us, given that broader conditions
in the P/C insurance market have been
generally favorable of late, despite an uptick in catastrophes across some segments
and geographic regions. However, it
should be noted that the company will be
up against continued tough comparisons
for the remainder of 2023, particularly
during the second quarter.
We believe that results will be roughly
flat in 2024. The outlook for the insurance
market is generally favorable looking
ahead to next year, while the company's
other operating segments ought to perform
well, as long as the economy holds up. ""