
Abel’s Berkshire Debut: Record Cash Hoard in Q1
Berkshire Hathaway posted $11.35 billion in operating earnings and a record cash pile exceeding $397 billion in the first quarter under new CEO Greg Abel. While operating earnings rose about 18% year over year, they missed estimates. Insurance underwriting contributed $1.7 billion, though Geico’s earnings dropped 34%. Abel, starting 2026, is set to headline Berkshire’s annual meeting in Omaha as Buffett steps back, marking a transition for the conglomerate.











