Investment Gains Drive Earnings Surge
After-tax investment gains were $12.7 billion in Q2 2026 compared to $5.0 billion in Q2 2025, while the prior year included a $3.76 billion impairment on the Kraft Heinz investment.
At the archive date, BRK.B was expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: Berkshire Hathaway's Q2 FY2026 net income surged 107.5% to $25.7 billion, fueled by investment gains and comparison against a prior-year impairment, despite softer insurance underwriting.
Drawn from management commentary in the Q2 2026 10-Q:
After-tax investment gains were $12.7 billion in Q2 2026 compared to $5.0 billion in Q2 2025, while the prior year included a $3.76 billion impairment on the Kraft Heinz investment.
GEICO's pre-tax underwriting earnings fell 45.4% in Q2 as higher claims frequencies (5-7% for bodily injury, 3-5% for property damage/collision) and severities (10-12% for bodily injury) pushed the loss ratio up 4.8 percentage points to 76.6%.
The first six months of 2026 had no significant catastrophe losses, compared to $850 million in after-tax losses from such events in the first half of 2025.
Revenue
$101.81B
+10.04% YoY
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