Berkshire Hathaway profit falls on writedowns, lower insurance income

Feb 28 (Reuters) - Berkshire Hathaway BRKa.N on Saturday said operating profit fell in the fourth quarter, as it wrote down investments in Kraft Heinz KHC.O and Occidental Petroleum OXY.N while income from its insurance businesses declined.

The quarter was Warren Buffett's last as the conglomerate's chief executive, a job now held by Greg Abel. Buffett remains chairman.

Berkshire also reported ending 2025 with $373.3 billion of cash, giving Abel the firepower to make the kind of major acquisitions that eluded Buffett over the last decade.

Quarterly operating profit fell 30% to $10.2 billion, or about $7,092 per Class A share, from $14.53 billion a year earlier.