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In his first report as C.E.O., Gregory Abel, stuck to a straight commentary rather than Warren Buffett's folksy tone. The lower earnings were largely driven by declines in the insurance business.
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Berkshire Hathaway's Earnings Are Nearly Here. Greg Abel's Letter Will Be Top of Mind for Investors. Barron'sBerkshire Hathaway operating earnings fell nearly 30% in Warren Buffett's final quarter as CEO CNBCBerkshire's operating profit slides nearly 30% on insurance underwriting Yahoo FinanceBerkshire Hathaway profit falls on lower insurance income, Occidental writedown Reuters
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