Lower PROFIT: Profit of Berkshire Hathaway Inc. in the first quarter fell 58 per cent to 1.5 billion, or $917 per class A share, 3.6 billion dollars, or $2,272 by A class action, a year ago. Revenues increased to 33.7 billion, up to $ 32 billion last year.
Insurance losses: the strong decline in revenues was due to heavy losses on the segment of insurance of the company because of major disasters, to the Japan the New Zealand and the Australia.
SPOT light: insurance segment of the overall Berkshire, which includes auto and insurer Geico home, contributed yet 131 million of net income due to investment earnings.
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