Berkshire Hathaway (BRK.A, BRK.B) reported third-quarter operating profit
declined 6% to $12.71bn from $13.49bn a year earlier, citing weaker insurance
underwriting. The firm repurchased $9.6bn of stock in the quarter, additional to
$4.8bn bought earlier this year. Operating profit equated to roughly $8,954 per
Class A share. Net profit fell 28% to $22.11bn, including unrealized gains and
losses on securities the company still holds.