Berkshire Hathaway Net Income up 2% for 2014, despite Drop in 4Q Profits

Berkshire Hathaway reported net income of $19.87 billion in 2014, a 2% increase from the $19.48 billion reported for 2013. For the fourth quarter of 2014, Berkshire Hathaway reported net income of $4.16 billion, down 16.7% from $4.99 billion in the fourth quarter of 2014. Berkshire Hathaway reported gross revenues of $194.7 billion for the full year 2014, up 6.9% from $182.2 billion in 2013. Insurance and related products accounted for $146.9 billion of that gross revenue, up 6% from $138.5 billion in 2013. "Berkshire’s huge and growing insurance operation again operated at an un...