Insurance Units Lift Berkshire To Record Profit

NU Online News Service, May 5, 12:27 pm. EDT?Berkshire Hathaway Inc. said the company is expected to record a first-quarter net profit of $1.7 billion, helped by strong growth from its insurance businesses.

Speaking at the company's annual shareholder meeting in Omaha, Neb., Saturday, Warren Buffett, Berkshire chairman and chief executive officer, said the company would report $1.7 billion for its first-quarter profit, which would be the highest quarterly earning the company has ever reported.

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