Berkshire Hathaway (BRK-B)
NYSEFinancialsInsurance - DiversifiedSnapshot 2026-09-04
$506.03-0.41%
Close 2026-09-04 · 1-day change
NYSEFinancialsInsurance - DiversifiedSnapshot 2026-09-04
QuarterlyIQ Insights · BRK-B
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 90.3% |
| Our one-year growth estimate | diamond | 4.9% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 85.4 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 5 industry peers · Company calendar date is not available
BRK-B — CFO transition
Dated 2026-05-07
Chief Financial Officer — Marc D. Hamburg: Charles C. Chang will succeed Marc D. Hamburg as Berkshire’s Chief Financial Officer on June 1, 2026.
Why it matters: Strong earnings show good management and strong cash flow. This helps long-term value.
Supportive ifQ2 earnings are over $11.5 billion. This shows strong performance.
Worry ifQ2 earnings are below $10 billion. This may show some weaknesses.
Why it matters: Growth in insurance float shows strong underwriting performance. It also helps future investments.
Supportive ifInsurance float reported above $177 billion in Q2 2026.
Worry ifInsurance float reported below $176 billion in Q2 2026.
Why it matters: New debt can change cash flow management. It can also affect future spending.
Watch forCash flow remains strong despite new debt issuance in April 2026.
Also watch forCash flow drops a lot after the debt. This raises concerns.
Why it matters: Strong growth in operating earnings shows the company is maintaining its cash flow focus. This supports management's priority to keep strong cash flow from operations.
Supportive ifQ2 operating earnings growth exceeds 15% year over year.
Worry ifQ2 operating earnings growth is below 5% year over year.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$57 on $10,000 · ±0.6% | How much price usually moves either way. |
| Bad day | $142 loss on $10,000 · 1.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $942 loss on $10,000 · 9.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The change is key for financial stability. Good leadership changes can build investor trust.
Watch forCharles C. Chang successfully takes over as CFO without major disruptions.
Also watch forBig problems can happen during the transition. These can affect financial reports or operations.
Why it matters: More debt issuance shows ongoing capital plans. It also shows management's confidence in future investments.
Supportive ifNew debt issuance was announced at over $10 billion.
Worry ifNo new debt issuance announced in the next quarter.
Why it matters: Higher investment gains show strong market performance. This can increase overall earnings.
Supportive ifQ2 2026 investment gains were over $5 billion.
Worry ifQ2 2026 investment gains were under $3 billion.
Why it matters: Strong cash flow supports investments and stability. It reflects the health of the business.
Supportive ifCash from operations exceeds $10 billion in Q2 2026.
Worry ifCash from operations falls below $10 billion in Q2 2026.
Why it matters: Slower revenue growth in the sector may mean bigger economic problems for Berkshire.
Worry ifSector revenue growth reported below 10% year over year.
Less concerning ifSector revenue growth remains above 10% year over year.
Why it matters: Issuing debt helps with capital plans. This affects future growth and investments.
Supportive ifBerkshire issues over $300 million in debt in Q2. This matches their capital goals.
Worry ifNo debt is issued in Q2. This may mean a change in capital plans.
Why it matters: Changes in insurance float show how well the insurance business is doing.
Supportive ifInsurance float rises by over $1 billion in Q2. This shows strong performance.
Worry ifInsurance float drops or stays the same. This may show issues in insurance.