Berkshire’s Profit Falls on Japan Quake

Warren Buffett’s Berkshire Hathaway Inc (BRK.A) reported a smaller profit in Q1, as reinsurance losses from the March 11 earthquake in Japan dragged down results. Berkshire reported a net profit of $1.51 billion, or $917 per Class A share, compared with a profit of $3.63 billion, or $2,272 per Class A share, a year earlier. – Reuters