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flag Berkshire Hathaway reports record annual operating profit of $96.2bn, driven by insurance business performance and rising stock market value.

flag Warren Buffett's Berkshire Hathaway reports a second consecutive year of record annual operating profit, with insurance businesses performing exceptionally well, contributing to a record $96.2 billion net income. flag This was due to improved underwriting and higher income from investments as interest rates rose. flag The rising stock market increased the value of Berkshire's $354 billion equity portfolio, half of which is in Apple. flag Berkshire Hathaway's cash pile reached a record $167.6 billion.

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