CEO Greg Abel has reinitiated Berkshire Hathaway's share repurchase program as the company's valuation returns to attractive levels. The conglomerate continues to deploy its $373 billion cash reserve through internal buybacks and strategic acquisitions.
- Reinitiation of share repurchase program
- Price-to-book ratio currently sits at 1.4
- Cash and Treasury bill reserves total $373 billion
- Completed $9.7 billion acquisition of OxyChem
- Strategic $1.8 billion investment in Tokio Marine
- Annual operating earnings grew to $44.5 billion
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