Net Income, Premiums Earned Rise at Berkshire Hathaway in Q2

Berkshire Hathaway’s net income rose to $5 billion in the second quarter, a 25% increase from $4.01 billion in the prior-year quarter, the company reported on Friday. For the first six months of 2016, net income was $10.6 billion, up 15.5% from $9.18 billion in the first half of last year. Insurance premiums earned grew 3.7% in the second quarter, reaching $10.8 billion. For the first half of the year, insurance premiums earned reached $21.9 billion, a 9.9% increase from the same period last year. The company reported a net underwriting gain of $337 million in the second quarter,...