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Bloomberg Television7 min

Berkshire Hathaway Boosts Buybacks as Operating Income Slips

Matthew Palazola, Scarlett

Interview

Berkshire Hathaway reported mixed sector earnings with a significant 50% decline in Geico's profits, while simultaneously executing $9.6 billion in share buybacks and acquiring Taylor Morrison for $6.8 billion. New CEO Greg Abel is accelerating the company's technological transformation through AI adoption and increased capital deployment, although these moves have not yet materially altered earnings per share. Despite Warren Buffett's advancing age and reduced operational role, the investment firm maintains its strategy of forgoing dividends and continues to hold substantial positions in major technology stocks like Alphabet.