The 2025 letter to shareholders was authored by Warren Buffett. The letter reflects on Berkshire Hathaway's performance and various business strategies over the previous year, particularly highlighting the growth in earnings from their insurance business and overall operating earnings of $47.4 billion in 2024[1].
Buffett emphasizes the company's reinvestment strategy and expresses gratitude for the support from shareholders, further detailing how Berkshire has managed to become a significant taxpayer in the U.S.[1].
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