Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) posted a 3.8% decline in second-quarter operating earnings, dragged down by weak insurance underwriting and a hefty $3.8 billion impairment tied to its stake in The Kraft Heinz Company (NASDAQ:KHC).
However, other parts of Warren Buffett’s sprawling conglomerate helped cushion the blow.
Insurance underwriting profits fell 12% year-over-year to $1.99 billion, with reinsurance losses offsetting modest gains at GEICO.
In contrast, BNSF Railway saw a rebound with 19.5% growth year over year to $1.47 billion, logging strong earnings growth on the back of improved freight volumes and better pricing.
However, BNSF’s outstanding debt was $23.9 billion as of June 30, 2025 an increase of $355 million since December 31.
Berkshire Hathaway Energy delivered steady results with 7.2% growth to $702 million, supported by regulated utilities that provided a buffer amid broader market uncertainty.
Berkshire didn’t repurchase any of its own shares during the …