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Business segment data (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of revenues and earnings before income taxes by segment

Our operating businesses include a large and diverse group of insurance, freight rail transportation, utilities and energy, 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 on January 31, 2023. In this presentation, revenues and pre-tax earnings of the Pilot segment in 2023 are for the two months ending March 31. Prior to January 31, 2023, our earnings from Pilot were determined under the equity method and were included in earnings from non-controlled businesses. Revenues and earnings before income taxes by segment for the first quarter of 2024 and 2023 were as follows (in millions).

 

 

 

 

First Quarter

 

 

 

 

 

 

2024

 

 

2023

 

Revenues of Operating Businesses

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

GEICO

 

 

 

 

$

10,234

 

 

$

9,626

 

Berkshire Hathaway Primary Group

 

 

 

 

 

4,541

 

 

 

3,961

 

Berkshire Hathaway Reinsurance Group

 

 

 

 

 

6,699

 

 

 

6,209

 

Investment income

 

 

 

 

 

3,164

 

 

 

2,392

 

Total insurance

 

 

 

 

 

24,638

 

 

 

22,188

 

BNSF

 

 

 

 

 

5,660

 

 

 

6,019

 

BHE

 

 

 

 

 

6,277

 

 

 

6,451

 

Pilot

 

 

 

 

 

12,503

 

 

 

9,508

 

Manufacturing

 

 

 

 

 

18,529

 

 

 

18,289

 

McLane

 

 

 

 

 

12,475

 

 

 

13,059

 

Service and retailing

 

 

 

 

 

9,703

 

 

 

9,931

 

 

 

 

 

 

89,785

 

 

 

85,445

 

Reconciliation to consolidated amount

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

 

 

 

 

84

 

 

 

(52

)

 

 

 

 

$

89,869

 

 

$

85,393

 

 

 

 

 

 

 

First Quarter

 

 

 

 

 

 

2024

 

 

2023

 

Earnings Before Income Taxes of Operating Businesses

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

GEICO

 

 

 

 

$

1,928

 

 

$

703

 

Berkshire Hathaway Primary Group

 

 

 

 

 

486

 

 

 

268

 

Berkshire Hathaway Reinsurance Group

 

 

 

 

 

912

 

 

 

231

 

Investment income

 

 

 

 

 

3,152

 

 

 

2,385

 

Total insurance

 

 

 

 

 

6,478

 

 

 

3,587

 

BNSF

 

 

 

 

 

1,519

 

 

 

1,649

 

BHE

 

 

 

 

 

432

 

 

 

223

 

Pilot

 

 

 

 

 

70

 

 

 

136

 

Manufacturing

 

 

 

 

 

2,914

 

 

 

2,611

 

McLane

 

 

 

 

 

165

 

 

 

113

 

Service and retailing

 

 

 

 

 

908

 

 

 

1,221

 

 

 

 

 

 

12,486

 

 

 

9,540

 

Reconciliation to consolidated amount

 

 

 

 

 

 

 

 

 

Investment gains (losses)

 

 

 

 

 

1,876

 

 

 

34,758

 

Interest expense, not allocated to segments

 

 

 

 

 

(96

)

 

 

(114

)

Non-controlled businesses

 

 

 

 

 

493

 

 

 

688

 

Corporate, eliminations and other

 

 

 

 

 

947

 

 

 

(120

)

 

 

 

 

 

$

15,706

 

 

$

44,752