Business segment data

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business segment data

Note 25. Business segment data

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. We acquired control of Pilot Travel Centers (“Pilot”) on January 31, 2023. Pilot’s revenues, costs and earnings are included in our Consolidated Financial Statements, and Pilot is considered a reportable segment beginning February 1, 2023. In this presentation, the revenues and pre-tax earnings of the Pilot segment are for the five months ending June 30, 2023. Previously, our earnings from Pilot were determined under the equity method and are included in earnings from equity method investments. Revenues and earnings (loss) before income taxes by segment for the second quarter and first six months of 2023 and 2022 were as follows (in millions).

	Second Quarter					First Six Months
	2023			2022		2023			2022
Revenues of Operating Businesses
Insurance:
Underwriting:
GEICO	$	9,714		$	9,807	$	19,340		$	19,361
Berkshire Hathaway Primary Group		4,233			3,313		8,194			6,431
Berkshire Hathaway Reinsurance Group		6,614			4,961		12,823			9,777
Investment income		2,918			2,284		5,310			3,648
Total insurance		23,479			20,365		45,667			39,217
BNSF		5,828			6,640		11,847			12,608
Berkshire Hathaway Energy (“BHE”)		6,362			6,545		12,813			12,565
Pilot Travel Centers (“Pilot”)		14,754			—		24,262			—
Manufacturing		19,102			19,772		37,391			38,193
McLane		12,883			13,262		25,942			25,777
Service and retailing		10,141			9,617		20,072			18,732
		92,549			76,201		177,994			147,092
Reconciliation of segments to consolidated amount
Corporate, eliminations and other		(46	)		—		(98	)		(48	)
	$	92,503		$	76,201	$	177,896		$	147,044

	Second Quarter						First Six Months
	2023			2022			2023			2022
Earnings (Loss) Before Income Taxes of Operating Businesses
Insurance:
Underwriting:
GEICO	$	514		$	(487	)	$	1,217		$	(665	)
Berkshire Hathaway Primary Group		272			242			540			334
Berkshire Hathaway Reinsurance Group		827			1,141			1,058			1,442
Investment income		2,912			2,283			5,297			3,644
Total insurance		4,525			3,179			8,112			4,755
BNSF		1,615			2,151			3,264			3,960
BHE		624			591			847			1,304
Pilot		186			—			322			—
Manufacturing		3,103			3,028			5,714			5,852
McLane		129			76			242			158
Service and retailing		1,262			1,199			2,483			2,334
		11,444			10,224			20,984			18,363
Reconciliation of segments to consolidated amount
Investment and derivative gains (losses)		33,061			(66,919	)		67,819			(68,897	)
Interest expense, not allocated to segments		(103	)		(100	)		(217	)		(204	)
Equity method investments		511			204			1,199			543
Corporate, eliminations and other		522			1,283			402			1,844
	$	45,435		$	(55,308	)	$	90,187		$	(48,351	)