Buffett successor Abel sends message on Berkshire Hathaway’s future
By Silin Chen
Published on March 1, 2026.
In May 2025, Warren Buffett announced plans to step down as CEO of Berkshire Hathaway, starting in 2026, handing over the role to Greg Abel. Abel posted his first shareholder letter as CEO, praising Buffett and promising to continue investing and maintain a strong balance sheet. Despite a decline in operating earnings partly due to weakness in its insurance business, Berkshire Hathway remains financially strong. The company's Class A shares (BRK.A) rose 10.85% and Class B shares gained 10.89%, trailing the S&P 500’s 16.39% return for the year. Berkshire's insurance businesses in 2025 saw a deceleration or reversal of its past strengths, which could lead to less property and casualty business write less business.
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