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Business segment data (Tables)
9 Months Ended
Sep. 30, 2022
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 and marketing, selling and distribution characteristics, even though those business units are operated under separate local management. Revenues and earnings before income taxes by segment for the third quarter and first nine months of 2022 and 2021 were as follows (in millions).

 

 

Third Quarter

 

 

First Nine Months

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenues of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

9,808

 

 

$

9,604

 

 

$

29,169

 

 

$

28,073

 

Berkshire Hathaway Primary Group

 

3,485

 

 

 

2,964

 

 

 

9,916

 

 

 

8,373

 

Berkshire Hathaway Reinsurance Group

 

5,517

 

 

 

5,159

 

 

 

15,304

 

 

 

14,868

 

Investment income

 

1,683

 

 

 

1,339

 

 

 

5,331

 

 

 

4,212

 

Total insurance

 

20,493

 

 

 

19,066

 

 

 

59,720

 

 

 

55,526

 

BNSF

 

6,693

 

 

 

5,790

 

 

 

19,301

 

 

 

17,000

 

BHE

 

7,531

 

 

 

7,013

 

 

 

20,032

 

 

 

19,022

 

Manufacturing

 

19,000

 

 

 

17,496

 

 

 

57,193

 

 

 

50,821

 

McLane

 

13,569

 

 

 

12,612

 

 

 

39,346

 

 

 

36,529

 

Service and retailing

 

9,567

 

 

 

8,679

 

 

 

28,299

 

 

 

25,614

 

 

 

76,853

 

 

 

70,656

 

 

 

223,891

 

 

 

204,512

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

81

 

 

 

(73

)

 

 

33

 

 

 

(216

)

 

$

76,934

 

 

$

70,583

 

 

$

223,924

 

 

$

204,296

 

 

 

 

 

Third Quarter

 

 

First Nine Months

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Earnings (Loss) Before Income Taxes of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

(759

)

 

$

(289

)

 

$

(1,424

)

 

$

1,360

 

Berkshire Hathaway Primary Group

 

(281

)

 

 

(23

)

 

 

53

 

 

 

349

 

Berkshire Hathaway Reinsurance Group

 

(110

)

 

 

(708

)

 

 

1,013

 

 

 

(1,298

)

Investment income

 

1,678

 

 

 

1,337

 

 

 

5,322

 

 

 

4,205

 

Total insurance

 

528

 

 

 

317

 

 

 

4,964

 

 

 

4,616

 

BNSF

 

1,884

 

 

 

2,029

 

 

 

5,844

 

 

 

5,667

 

BHE

 

1,321

 

 

 

1,375

 

 

 

2,561

 

 

 

2,797

 

Manufacturing

 

2,883

 

 

 

2,445

 

 

 

8,735

 

 

 

7,595

 

McLane

 

112

 

 

 

(8

)

 

 

270

 

 

 

179

 

Service and retailing

 

1,202

 

 

 

1,110

 

 

 

3,536

 

 

 

3,234

 

 

 

7,930

 

 

 

7,268

 

 

 

25,910

 

 

 

24,088

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

Investment and derivative gains (losses)

 

(13,465

)

 

 

4,921

 

 

 

(82,362

)

 

 

38,015

 

Interest expense, not allocated to segments

 

(99

)

 

 

(128

)

 

 

(303

)

 

 

(386

)

Equity method investments

 

441

 

 

 

377

 

 

 

1,048

 

 

 

775

 

Corporate, eliminations and other

 

1,076

 

 

 

46

 

 

 

2,920

 

 

 

241

 

 

$

(4,117

)

 

$

12,484

 

 

$

(52,787

)

 

$

62,733