Berkshire Hathaway Inc.’s working profits surged 71% within the fourth quarter, as upper rates of interest lifted the conglomerate’s funding source of revenue and its insurance coverage industry advanced.Running profits had been $14.5 billion within the 3 months thru December, Warren Buffett’s Omaha, Nebraska-based conglomerate mentioned Saturday in a remark. The rise was once pushed partly by way of a 48% soar in insurance coverage funding source of revenue, to $4.1 billion, amid upper rates of interest.
