
2014-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The First Quarter Results of Berkshire Securities Inc.
We released our earnings yesterday and I've always emphasized. We try to release our earnings always after the markets closed on a Friday so that people will have a full weekend to digest the information because there's a lot of information about Berkshire every quarter. So we always urge you not to just look at the summary figures but take a look at the 10Q, it's great reading and absorb all that by Monday morning. Our insurance business now has a float of $77 billion and that $77 billion is ours to invest and whether it costs us anything or not is determined by whether we have an underwriting profit. Even though our underwriting profit in the first quarter was quite satisfactory but nevertheless down from
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