Massachusetts Mutual Life Insurance Co. agreed to have Nationwide Mutual Insurance Co. reinsure a book of life insurance policies, freeing up about $6 billion of reserves.

Abel, known as a shrewd operator who’s always looking for ways to improve profits at the $1 trillion conglomerate’s varied businesses, said he had just one thought at the time: The company had already shelled out the money to book the arena for the annual meeting in 2026.

Days before his first annual meeting as the chief executive officer of Berkshire Hathaway Inc., Greg Abel is facing a problem that seldom confronted his legendary predecessor: a floundering stock price.

Warren Buffett cautioned that he’s seeing signs of fragility emerging in the banking system as it has become more connected to non-bank players.

Warren Buffett’s Berkshire Hathaway Inc. reached a deal to buy Occidental Petroleum Corp.’s petrochemical business for about $9.7 billion in cash.

Warren Buffett’s Berkshire Hathaway Inc. made no major purchases during the market slump that preceded President Donald Trump’s trade war, instead whittling or selling off holdings in financial stocks during the first quarter.

Warren Buffett picked the final minute of his 60th shareholder meeting to drop a long-awaited announcement that was still completely surprising for his fans, most of his board and even his successor.