Blackstone Plaza, the location of Berkshire's corporate offices in Omaha, Nebraska - Wikimedia

• Operating earnings -3.8% (+7.9% after adjusting for foreign currency exchange), insurance (underwriting) -12%, BNSF +19%, Berkshire Hathaway Energy +7%
• Cash = $344 billion, up from $333 billion in first quarter
• There were no share repurchases during 2025 through July 21.
• Berkshire’s book value = $466,045 per A share. At its closing price on August 1 of 711,480, it is trading at 1.53 times book value which is about its average in recent years.
• Berkshire took a $3.8 billion impairment on its Kraft Heinz stake. Berkshire marked down its carrying value of the Kraft Heinz stake to $8.4 billion at the end of June.
• Berkshire was a net seller of stocks for the 11th consecutive quarter. The company sold $6.92 billion of equity securities in the three months ending in June. It bought $3.9 billion in the same quarter. 

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