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Berkshire shares suffer longest losing streak in more than 7 years

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Berkshire shares suffer longest losing streak in more than 7 years

Berkshire Hathaway’s shares have fallen for eight consecutive days.

This was their longest losing streak since a streak of eight consecutive losses in December 2018.

class A shares fell 4.7 percent Class B shares It is down 4.9% since its last daily gain on March 17.

Berkshire is falling along with the broader market, which is affected by rising energy prices and global uncertainty resulting from the Iran war.

while S&P 500 index It hasn’t seen a string of daily losses, falling 5.2% over the same period.

Berkshire’s year-to-date losses are close to the S&P’s 7% decline. The benchmark index is on a five-week declining streak.

Berkshire’s stock price has fallen more than 13% since Warren Buffett announced at last year’s shareholders meeting that: He would resign as CEO In 2025.

They are roughly 2% above the August lows but have fallen below the last two lows in early November and late January.

Berkshire’s new Japanese investment rises in value

Berkshire Hathaway’s newest investment in Japan is off to a strong start.

shares Tokyo Marine Holding It is up more than 24% this week after it was announced Monday that Berkshire National Indemnity Corporation will pay $1.8 billion for a nearly 2.5% stake in Japan’s oldest insurer. Barron’s calls “one of the best-managed property and casualty insurers in the world.”

Today, the market value of Berkshire’s new acquisition is almost $2.3 billion.

The two companies will also collaborate in the field of reinsurance and seek strategic investments worldwide.

One Tokyo Marine newsletterBerkshire’s corporate culture and values are “closely aligned with ours,” the company said.

“Importantly, this is not just a business alliance. We believe it establishes a long-term strategic relationship based on an equity stake that will serve as a strong catalyst for the medium and long-term growth of both companies.”

Ajit Jain speaks at the Berkshire Hathaway Annual Meeting of Shareholders on May 3, 2025 in Omaha, Nebraska.

CNBC

Berkshire’s insurance chief, Ajit Jain, was quoted as saying: “We expect this Strategic Partnership to create attractive long-term opportunities for both organizations.”

Barron’s reported that Jain is overseeing the investment, possibly including former CEO Warren Buffett, who now serves as chairman of the board.

“The deal shows that Berkshire’s ability to do insurance deals has not diminished despite Buffett stepping down as CEO in favor of Greg Abel. This bodes well for Berkshire, given the importance of insurance to the $1 trillion market cap company.”

Tokio Marine issued new shares for Berkshire to purchase. plans to buy back an equal amount of its already issued shares to prevent dilution for existing shareholders.

Berkshire will be allowed to increase its stake to just under 10% through open market purchases. Going higher requires approval from Tokio Marine’s board of directors.

insurance notes Tokio Marine has spent more than $17 billion over the past two decades on acquisitions in the United States, including Philadelphia Insurance Companies and Delphi Insurance Group.

He expects the new partnership to “accelerate this trajectory through Berkshire’s deal sourcing access and reinsurance capacity.”