Despite its growing cash hoard, the firm’s net investment income declined 13%. (Image Source: Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Berkshire Hathaway Inc.’s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings surged 34% at Chief Executive Officer Warren Buffett’s conglomerate.

That figure hit $13.5 billion, as the firm’s insurance underwriting profit more than tripled in a period marked by unusually low disaster activity, according to filings published Saturday.

Earlier this year, Buffett appeared to be back on the hunt for deals, with the acquisition of a $1.6 billion stake in UnitedHealth Group Inc. and a $9.7 billion deal to buy OxyChem last month. But the famed billionaire remained on the sidelines in

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