(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter profit rose 9.6% on gains at insurance units.

Net income climbed to $4.99 billion, or $3,035 a share, from $4.55 billion, or $2,757, a year earlier, Omaha, Nebraska- based Berkshire said today in a statement. Operating earnings were $2,297 per share, beating the $2,204 average estimate of three analysts surveyed by Bloomberg.

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