Berkshire Hathaway Repurchases $9.6B in Stock as Profit Falls 28%, Geico Earnings Drop 45%

Berkshire’s 28% profit decline and 45% drop at Geico point to weaker insurance and operating momentum, while $9.6B of buybacks under Greg Abel signal confidence in intrinsic value. The mix is company-specific rather than systemic, but it may weigh on sentiment toward insurance peers and reinforce the conglomerate’s defensive capital-return profile.