Warren Buffett's company is set to bag almost $4 billion in interest income this year thanks to surging rates
The famed investor's company is poised to pocket almost $4 billion in interest and other non-dividend income from US Treasuries and similar bets this year. James Shanahan, a senior equity research analyst at Edward Jones, shared that estimate with Insider.
Berkshire earns interest and other income from its cash and cash equivalents, Treasuries, and other fixed-maturity securities. Short-term US Treasury bills accounted for about 55% to 60% of the company's total I&OII last year, Shanahan said. Berkshire also benefited from the completion of its Alleghany acquisition last year, as it gained ownership of the insurer's interest-generating assets.
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