-- > Q1 operating earnings: $5.871 billion, up from $5.555 billion last year.
“At March 31, 2020, our insurance and other businesses held cash, cash equivalents and U.S. Treasury Bills (net of amounts payable for acquired but not yet settled purchases) of $124.7 billion, which included $105.5 billion in U.S. Treasury Bills. Investments in equity and fixed maturity securities (excluding our investment in Kraft Heinz) were $198.7 billion. Additionally, during the month of April we received approximately $6.1 billion from the sales of equity securities, net of the costs of equity securities purchased. The proceeds from these activities have been primarily reinvested in U.S. Treasury Bills.”
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