Berkshire profit rises 25 percent, helped by insurance, investments

(Reuters) - Berkshire Hathaway Inc on Friday said second-quarter profit rose 25 percent, helped by improved results from insurance underwriting and investments and the purchase of Precision Castparts Corp, Warren Buffett's largest-ever acquisition.

Net income for the Omaha, Nebraska-based conglomerate rose to $5 billion, or $3,042 per Class A share, from $4.01 billion, or $2,442, a year earlier.

Operating profit rose 18 percent to $4.61 billion, or $2,803 per share, from $3.89 billion, or $2,367.

(Reporting by Jonathan Stempel in New York; editing by Diane Craft)

Join the conversation about this story »