By Jonathan Stempel (Reuters) -Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations.

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

Warren Buffett said in his letter that his company's record tax payment should be used to "take care of the many" who "get the short straws in life."

Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations.

Berkshire Hathaway stock hits new all-time highs after its recent shareholder letter. An analyst raises the price target on insurance strength.