Berkshire’s Quarterly Earnings Rise After Insurance Results Improve

Warren Buffett’s Berkshire Hathaway reported a 17% increase in quarterly earnings after its insurance business bounced back from a year ago.

Berkshire, whose businesses include insurer Geico and railroad BNSF Railway, posted a net income of $30.8 billion, or $21,413 per Class A share equivalent, in the third quarter. That compared with a net income of $26.3 billion, or $18,272 a share, in the year-earlier period.