Schwab Network on $BRK.B (Nov 9, 2026)

I was taking a look at Berkshire Hathaway's stock. It's really interesting, and the buyback process. Yes, it seems that investors are still trying to digest the results, as there were both positive and negative aspects to its latest quarterly report.

It exceeded earnings expectations, with adjusted earnings per share reaching $594. Analysts had expected $591. Revenue expectations were also exceeded . Therefore, it outperformed in terms of revenues and profits.

Revenues exceeded $105.6 billion. Analysts had expected $97.3 billion.

They also more than doubled their buyback operations to over $9.6 billion. So, Greg Abel was pumping more liquidity into stocks, but at the same time, and here lies the challenge, the insurance sector is facing some pressure.

The insurance sector has negatively impacted the results. We have seen a decline in that sector. "Geco" was the point of pressure there. Operating profits declined. But again, we must bear in mind that overall they have exceeded expectations.

Insurance underwriting profits fell by 43%. Insurance investment income also decreased by 14%. Once again, "Geco" was the most affected . Geeco's pre-tax profits declined, and were almost flat in this last quarter.

Claims have become more frequent and more costly for the conglomerate. The combined ratio rose to 91.4%, meaning that claims and expenses consumed about 91 cents of every dollar of premiums.

So, Gecko is still profitable to underwrite, Nicole, but the margin of safety is narrowing. This is the big picture from that side.

On the positive side, including repurchase operations and liquidity, Berkshire still holds approximately $357 billion in cash and Treasury bills. So, they have a huge financial reserve.