GEICO (Government Employees Insurance Company)

Stories

Berkshire's new CEO spends the cash pile as insurance profits slide

Underwriting profit down 45% before tax

Berkshire Hathaway bought back $9.6 billion of its own stock in the third quarter, the largest single-quarter repurchase in the company's history. In the same quarter, operating profit from its wholly owned businesses fell 6% to $12.7 billion, dragged down by insurance.

Updated 2 hours ago

Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet

Money Moves

As of May 2026: Experiencing CEO transition from Todd Combs to Nancy Pierce

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated May 10