The conglomerate was a net buyer of equities in the quarter, reporting $45.2 billion in purchases after subtracting sales in second-quarter results released Saturday. It bought a total of $41.4 billion in shares in the first three months of 2022 after being a net seller in the second quarter of last year.<\/p>\n
Berkshire stepped in as the S&P 500 shed 16% in the quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 billion as the insurance and railroad businesses posted gains.<\/p>\n
Cathy Seifert, an analyst with CFRA Research, said one business flashing potential warning signs is Geico, the company\u2019s personal auto-insurance unit. It reported an underwriting loss of $487 million, even as the conglomerate\u2019s other insurance lines gained alongside the division\u2019s investment income.<\/p>\n
But Seifert said the report as a whole reflected \u201cdecent top-line growth, still decent demand for various goods and services, offset by higher input costs and volatility in equity markets.\u201d \u00a0<\/p>\n
Berkshire said losses at Geico were the result of higher claim severity due to rising used-car prices and auto parts shortages. The company said policies-in-force declined even as it increased premiums, a potential sign that the business is losing market share as customers hunt for better rates elsewhere.<\/p>\n
\u201cThey\u2019re in a little bit of a tough spot right now,\u201d Seifert said, adding that the same trends are playing out at other auto insurers but appear to be hitting Geico particularly hard. \u201cIt\u2019s probably a good idea to watch for further deterioration.\u201d<\/p>\n
The same market weakness increasing Buffett\u2019s buying power is weighing on his company\u2019s results, at least on paper. The company reported a net loss of $43.8 billion due to a $53 billion loss in the company\u2019s investment portfolio. Berkshire downplays those results as a function of accounting rules, saying they provide a misleading picture of the company\u2019s actual performance.<\/p>\n
Buffett\u2019s appetite for his own stock declined even as he piled into shares elsewhere. Stock buybacks clocked in at $1 billion for the second quarter, lagging the $3.2 billion in repurchases made at the start of the year.<\/p>\n
The company also reported that Berkshire Hathaway Energy had acquired $870 million in common stock from Vice Chairman Greg Abel in June. The transaction wasn\u2019t previously disclosed.<\/p>\n
Despite the spending spree, Berkshire made only a measly dent in its cash pile. The company reported $105.4 billion at the end of June, barely budging from the $106 billion at the end of the first quarter.<\/p>\n
The aggressive pace at which Berkshire picked up shares of Occidental Petroleum Corp. has raised questions as to whether Berkshire is looking to make an acquisition of the energy giant. But the company didn\u2019t provide insight into its strategy in this quarter\u2019s regulatory filing.<\/p>\n<\/div>\n
\n
Sign up for the\u00a0Fortune Features<\/em> email list so you don\u2019t miss our biggest features, exclusive interviews, and investigations.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"Warren Buffett\u2019s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip. The conglomerate was a net buyer of equities in the quarter, reporting $45.2 billion in purchases after…<\/p>\n","protected":false},"author":243,"featured_media":1282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[6],"tags":[2059,295,1634,2062,613,2061,2060,287,364,1635,1823,1633],"jetpack_publicize_connections":[],"yoast_head":"\n
Berkshire Hathaway posts giant $43.8 billion loss, but that doesn't stop Warren Buffett from buying over $45 billion of stocks - Frisco Times<\/title>\n<meta name=\"description\" content=\"Warren Buffett dialed back on share repurchases in the second quarter as his conglomerate put its cash stockpile to work buying up stakes in other companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/friscotimes.org\/?p=1281\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn't stop Warren Buffett from buying over $45 billion of stocks - Frisco Times\" \/>\n<meta property=\"og:description\" content=\"Warren Buffett dialed back on share repurchases in the second quarter as his conglomerate put its cash stockpile to work buying up stakes in other companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/friscotimes.org\/?p=1281\" \/>\n<meta property=\"og:site_name\" content=\"Frisco Times\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-06T14:34:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-11T00:14:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Max Reyes, Bloomberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FriscoTimes\" \/>\n<meta name=\"twitter:site\" content=\"@FriscoTimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Max Reyes, Bloomberg\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/friscotimes.org\/?p=1281#article\",\"isPartOf\":{\"@id\":\"https:\/\/friscotimes.org\/?p=1281\"},\"author\":{\"name\":\"Max Reyes, Bloomberg\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/20c9212dc36c4f2742c25f9ad7d11a2c\"},\"headline\":\"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn’t stop Warren Buffett from buying over $45 billion of stocks\",\"datePublished\":\"2022-08-06T14:34:13+00:00\",\"dateModified\":\"2024-09-11T00:14:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/friscotimes.org\/?p=1281\"},\"wordCount\":508,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/friscotimes.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/?p=1281#primaryimage\"},\"thumbnailUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg\",\"keywords\":[\"Berkshire\",\"billion\",\"Buffett\",\"buying\",\"Doesnt\",\"giant\",\"Hathaway\",\"loss\",\"Posts\",\"stocks\",\"stop\",\"Warren\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/friscotimes.org\/?p=1281#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/friscotimes.org\/?p=1281\",\"url\":\"https:\/\/friscotimes.org\/?p=1281\",\"name\":\"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn't stop Warren Buffett from buying over $45 billion of stocks - Frisco Times\",\"isPartOf\":{\"@id\":\"https:\/\/friscotimes.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/friscotimes.org\/?p=1281#primaryimage\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/?p=1281#primaryimage\"},\"thumbnailUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg\",\"datePublished\":\"2022-08-06T14:34:13+00:00\",\"dateModified\":\"2024-09-11T00:14:14+00:00\",\"description\":\"Warren Buffett dialed back on share repurchases in the second quarter as his conglomerate put its cash stockpile to work buying up stakes in other companies.\",\"breadcrumb\":{\"@id\":\"https:\/\/friscotimes.org\/?p=1281#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/friscotimes.org\/?p=1281\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/?p=1281#primaryimage\",\"url\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg\",\"contentUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/friscotimes.org\/?p=1281#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/friscotimes.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn’t stop Warren Buffett from buying over $45 billion of stocks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/friscotimes.org\/#website\",\"url\":\"https:\/\/friscotimes.org\/\",\"name\":\"Frisco Times\",\"description\":\"Your Gateway to San Francisco's Stories\",\"publisher\":{\"@id\":\"https:\/\/friscotimes.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/friscotimes.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/friscotimes.org\/#organization\",\"name\":\"Frisco Times\",\"url\":\"https:\/\/friscotimes.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png\",\"contentUrl\":\"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png\",\"width\":512,\"height\":512,\"caption\":\"Frisco Times\"},\"image\":{\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/FriscoTimes\",\"https:\/\/www.instagram.com\/friscotimes\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/20c9212dc36c4f2742c25f9ad7d11a2c\",\"name\":\"Max Reyes, Bloomberg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/friscotimes.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g\",\"caption\":\"Max Reyes, Bloomberg\"},\"url\":\"https:\/\/friscotimes.org\/?author=243\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn't stop Warren Buffett from buying over $45 billion of stocks - Frisco Times","description":"Warren Buffett dialed back on share repurchases in the second quarter as his conglomerate put its cash stockpile to work buying up stakes in other companies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/friscotimes.org\/?p=1281","og_locale":"en_US","og_type":"article","og_title":"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn't stop Warren Buffett from buying over $45 billion of stocks - Frisco Times","og_description":"Warren Buffett dialed back on share repurchases in the second quarter as his conglomerate put its cash stockpile to work buying up stakes in other companies.","og_url":"https:\/\/friscotimes.org\/?p=1281","og_site_name":"Frisco Times","article_published_time":"2022-08-06T14:34:13+00:00","article_modified_time":"2024-09-11T00:14:14+00:00","og_image":[{"width":1200,"height":600,"url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg","type":"image\/jpeg"}],"author":"Max Reyes, Bloomberg","twitter_card":"summary_large_image","twitter_creator":"@FriscoTimes","twitter_site":"@FriscoTimes","twitter_misc":{"Written by":"Max Reyes, Bloomberg","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/friscotimes.org\/?p=1281#article","isPartOf":{"@id":"https:\/\/friscotimes.org\/?p=1281"},"author":{"name":"Max Reyes, Bloomberg","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/20c9212dc36c4f2742c25f9ad7d11a2c"},"headline":"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn’t stop Warren Buffett from buying over $45 billion of stocks","datePublished":"2022-08-06T14:34:13+00:00","dateModified":"2024-09-11T00:14:14+00:00","mainEntityOfPage":{"@id":"https:\/\/friscotimes.org\/?p=1281"},"wordCount":508,"commentCount":0,"publisher":{"@id":"https:\/\/friscotimes.org\/#organization"},"image":{"@id":"https:\/\/friscotimes.org\/?p=1281#primaryimage"},"thumbnailUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg","keywords":["Berkshire","billion","Buffett","buying","Doesnt","giant","Hathaway","loss","Posts","stocks","stop","Warren"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/friscotimes.org\/?p=1281#respond"]}]},{"@type":"WebPage","@id":"https:\/\/friscotimes.org\/?p=1281","url":"https:\/\/friscotimes.org\/?p=1281","name":"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn't stop Warren Buffett from buying over $45 billion of stocks - Frisco Times","isPartOf":{"@id":"https:\/\/friscotimes.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/friscotimes.org\/?p=1281#primaryimage"},"image":{"@id":"https:\/\/friscotimes.org\/?p=1281#primaryimage"},"thumbnailUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg","datePublished":"2022-08-06T14:34:13+00:00","dateModified":"2024-09-11T00:14:14+00:00","description":"Warren Buffett dialed back on share repurchases in the second quarter as his conglomerate put its cash stockpile to work buying up stakes in other companies.","breadcrumb":{"@id":"https:\/\/friscotimes.org\/?p=1281#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/friscotimes.org\/?p=1281"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/?p=1281#primaryimage","url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg","contentUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/09\/GettyImages-849880126.jpg","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/friscotimes.org\/?p=1281#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/friscotimes.org\/"},{"@type":"ListItem","position":2,"name":"Berkshire Hathaway posts giant $43.8 billion loss, but that doesn’t stop Warren Buffett from buying over $45 billion of stocks"}]},{"@type":"WebSite","@id":"https:\/\/friscotimes.org\/#website","url":"https:\/\/friscotimes.org\/","name":"Frisco Times","description":"Your Gateway to San Francisco's Stories","publisher":{"@id":"https:\/\/friscotimes.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/friscotimes.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/friscotimes.org\/#organization","name":"Frisco Times","url":"https:\/\/friscotimes.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/","url":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png","contentUrl":"https:\/\/friscotimes.org\/wp-content\/uploads\/2024\/06\/cropped-\u5fae\u4fe1\u622a\u56fe_20240625172131.png","width":512,"height":512,"caption":"Frisco Times"},"image":{"@id":"https:\/\/friscotimes.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FriscoTimes","https:\/\/www.instagram.com\/friscotimes\/"]},{"@type":"Person","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/20c9212dc36c4f2742c25f9ad7d11a2c","name":"Max Reyes, Bloomberg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/friscotimes.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&r=g","caption":"Max Reyes, Bloomberg"},"url":"https:\/\/friscotimes.org\/?author=243"}]}},"_links":{"self":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/1281"}],"collection":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/users\/243"}],"replies":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1281"}],"version-history":[{"count":1,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/1281\/revisions"}],"predecessor-version":[{"id":1283,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/posts\/1281\/revisions\/1283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=\/wp\/v2\/media\/1282"}],"wp:attachment":[{"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friscotimes.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}