From Financialexpress · Aditi · · 1m 20s
Berkshire spends $9.6bn on shares under Greg Abel
Berkshire Hathaway buys $9.6bn of shares in Q3 2026 as CEO Greg Abel signals confidence.
In brief
Berkshire Hathaway buys $9.6bn of shares in Q3 2026 as CEO Greg Abel signals confidence. Berkshire Hathaway spent $9.6 billion on share buybacks in Q3 2026 under CEO Greg Abel despite a 5.8% drop in operating income. Originally reported by Financialexpress.
Berkshire buybacks in Q3 2026
Berkshire Hathaway spent $9.6 billion buying back its own shares in the three months to September 2026.
CEO Greg Abel leads buybacks
CEO Greg Abel took charge of Berkshire Hathaway in 2026 after Warren Buffett stepped down.
Investors see undervaluation
Investors believe Berkshire shares are undervalued and worth buying at current prices.
Three quarters of buybacks
Berkshire has bought back shares for three consecutive quarters with $4.7 billion in the first six months of 2026.
Operating income falls 5.8%
Berkshire's operating income fell 5.8% to $12.7 billion in Q3 2026.
Insurance business slowdown
Insurance underwriting earnings fell 43% due to competitive auto insurance market and inflation challenges.
Geico faces higher costs
Geico experienced higher underwriting and advertising costs amid competitive auto insurance market.
Foreign exchange losses
Foreign exchange losses on US dollar-denominated debt added to operating income decline.
Net stock sales of $426m
Berkshire sold $426 million more shares than it bought in Q3 2026.
The main idea
Berkshire Hathaway spent $9.6 billion on share buybacks in Q3 2026 under CEO Greg Abel despite a 5.8% drop in operating income.
