Improved Insurance Results Lift Berkshire's 3Q Results; Book Value Hits $228,712 per Class A Share
ÂWhile wide-moat rated Berkshire Hathaway's third-quarter results were slightly better than our expectations, we are leaving our $330,000 ($220) per Class A (B) share fair value estimate in place, given the nearer-term uncertainty surrounding its more macro-sensitive businesses. Third-quarter (year-to-date) revenue, which includes both realized and unrealized gains/losses from Berkshire's investment portfolios, increased 29.2% (7.7%) year over year to $78.2 ($197.2) billion. Excluding the impac...
Berkshire Hathaway is a holding company. Co.'s subsidiaries are engaged in several business activities which include: underwriting private passenger automobile insurance; operation of a railroad system in North America; regulated electric and gas utility; manufacturing of products including industrial, consumer and building products; wholesale distribution of groceries and non-food items; provider of services including aviation pilot training, electronic components distribution and retailing businesses, including automotive dealerships; and manufactured housing and related consumer financing, transportation equipment, manufacturing and leasing, and furniture leasing.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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