WARREN Buffett's company says fourth-quarter earnings rose 10 per cent to nearly $US5 billion ($A5.60 billion) as its insurance, rail and energy businesses generated major profit gains.
Berkshire Hathaway's insurance companies, which include Geico and General Reinsurance, reported a $US394 million operating profit for the final quarter of 2013, compared with a $US19 million loss a year earlier.
The Omaha, Nebraska, company also benefited from a surge in pre-tax earnings at its "Powerhouse Five," a group of non-insurance companies that include Burlington Northern Santa Fe railway and electric utility MidAmerican Energy.
Net income rose to $US4.99 billion on revenue of $US47.05 billion from $US4.55 billion on revenue of $US44.72 billion in 2012.
Operating earnings, which exclude investments and derivatives, grew to $US3.78 billion, or $US2,297 per Class A share.
The three analysts surveyed by FactSet expected operating earnings of $US2,495.42 per Class A share.
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