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Business segment data (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of revenues and earnings or loss before income taxes by segment

Our operating businesses include a large and diverse group of insurance, manufacturing, service and retailing businesses. We organize our reportable business segments in a manner that reflects how management views those business activities. Certain businesses are grouped together for segment reporting based upon similar products or product lines, marketing, selling and distribution characteristics, even though those business units are operated under separate local management. The accompanying business segment information for the 2018 periods reflects certain reclassifications to conform to presentations as of December 31, 2018. Specifically, business units that previously were reported as the finance and financial products segment in the 2018 periods were reclassified to manufacturing (Clayton Homes and UTLX), services and retailing (CORT and XTRA leasing) and corporate and other (principally investment income). Revenues and earnings before income taxes by segment for the third quarter and first nine months of 2019 and 2018 were as follows (in millions).

 

 

 

Third Quarter

 

 

First Nine Months

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenues of Operating Businesses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

 

$

8,996

 

 

$

8,506

 

 

$

26,487

 

 

$

24,705

 

Berkshire Hathaway Reinsurance Group

 

 

3,940

 

 

 

3,777

 

 

 

11,193

 

 

 

11,229

 

Berkshire Hathaway Primary Group

 

 

2,387

 

 

 

2,050

 

 

 

6,825

 

 

 

5,921

 

Investment income

 

 

1,789

 

 

 

1,446

 

 

 

4,930

 

 

 

4,058

 

Total insurance

 

 

17,112

 

 

 

15,779

 

 

 

49,435

 

 

 

45,913

 

BNSF

 

 

6,021

 

 

 

6,147

 

 

 

17,676

 

 

 

17,649

 

Berkshire Hathaway Energy

 

 

5,720

 

 

 

5,706

 

 

 

15,362

 

 

 

15,268

 

Manufacturing

 

 

15,897

 

 

 

15,686

 

 

 

47,173

 

 

 

46,335

 

McLane Company

 

 

12,604

 

 

 

12,822

 

 

 

37,214

 

 

 

37,438

 

Service and retailing

 

 

7,378

 

 

 

7,230

 

 

 

21,865

 

 

 

21,352

 

 

 

 

64,732

 

 

 

63,370

 

 

 

188,725

 

 

 

183,955

 

Reconciliation of segments to consolidated amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

 

240

 

 

 

80

 

 

 

523

 

 

 

168

 

 

 

$

64,972

 

 

$

63,450

 

 

$

189,248

 

 

$

184,123

 

 

 

 

Third Quarter

 

 

First Nine Months

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Earnings Before Income Taxes of Operating Businesses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

 

$

376

 

 

$

627

 

 

$

1,539

 

 

$

1,977

 

Berkshire Hathaway Reinsurance Group

 

 

52

 

 

 

(163

)

 

 

(305

)

 

 

(124

)

Berkshire Hathaway Primary Group

 

 

153

 

 

 

135

 

 

 

290

 

 

 

468

 

Investment income

 

 

1,782

 

 

 

1,455

 

 

 

4,916

 

 

 

4,052

 

Total insurance

 

 

2,363

 

 

 

2,054

 

 

 

6,440

 

 

 

6,373

 

BNSF

 

 

1,941

 

 

 

1,879

 

 

 

5,379

 

 

 

5,047

 

Berkshire Hathaway Energy

 

 

1,061

 

 

 

1,165

 

 

 

2,194

 

 

 

2,238

 

Manufacturing

 

 

2,484

 

 

 

2,369

 

 

 

7,205

 

 

 

7,105

 

McLane Company

 

 

50

 

 

 

44

 

 

 

220

 

 

 

171

 

Service and retailing

 

 

639

 

 

 

701

 

 

 

2,005

 

 

 

2,037

 

 

 

 

8,538

 

 

 

8,212

 

 

 

23,443

 

 

 

22,971

 

Reconciliation of segments to consolidated amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and derivative gains (losses)

 

 

10,926

 

 

 

14,706

 

 

 

41,296

 

 

 

13,053

 

Interest expense, not allocated to segments

 

 

(96

)

 

 

(115

)

 

 

(312

)

 

 

(350

)

Equity method investments

 

 

644

 

 

 

316

 

 

 

936

 

 

 

1,044

 

Corporate, eliminations and other

 

 

477

 

 

 

28

 

 

 

532

 

 

 

4

 

 

 

$

20,489

 

 

$

23,147

 

 

$

65,895

 

 

$

36,722