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Business segment data

Our reportable business segments are organized in a manner that reflects how management views those business activities. Certain businesses have been 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 tabular information that follows shows data of reportable segments reconciled to amounts reflected in our Consolidated Financial Statements. Intersegment transactions are not eliminated in instances where management considers those transactions in assessing the results of the respective segments. Furthermore, our management does not consider investment and derivative gains/losses or amortization of purchase accounting adjustments related to Berkshire’s acquisition in assessing the performance of reporting units. Collectively, these items are included in reconciliations of segment amounts to consolidated amounts.


Business Identity		Business Activity

GEICO		Underwriting private passenger automobile insurance mainly by direct response methods

General Re		Underwriting excess-of-loss, quota-share and facultative reinsurance worldwide

Berkshire Hathaway Reinsurance Group		Underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers

Berkshire Hathaway Primary Group		Underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts

BNSF		Operates one of the largest railroad systems in North America

Clayton Homes, XTRA, CORT and other financial services (“Finance and financial products”)		Proprietary investing, manufactured housing and related consumer financing, transportation equipment leasing and furniture leasing

Marmon		An association of approximately 160 manufacturing and service businesses that operate within 11 diverse business sectors

McLane Company		Wholesale distribution of groceries and non-food items

MidAmerican		Regulated electric and gas utility, including power generation and distribution activities in the U.S. and internationally; domestic real estate brokerage

Other businesses not specifically identified with reportable business segments consist of a large, diverse group of manufacturing, service and retailing businesses. A disaggregation of our consolidated data for each of the three most recent years is presented in the tables which follow on this and the following two pages (in millions).


	Revenues								Earnings before income taxes
	2013			2012		2011			2013			2012			2011
Operating Businesses:
Insurance group:
Underwriting:
GEICO	$	18,572		$	16,740	$	15,363		$	1,127		$	680		$	576
General Re		5,984			5,870		5,816			283			355			144
Berkshire Hathaway Reinsurance Group		8,786			9,672		9,147			1,294			304			(714	)
Berkshire Hathaway Primary Group		3,342			2,263		1,749			385			286			242
Investment income		4,735			4,474		4,746			4,713			4,454			4,725

Total insurance group		41,419			39,019		36,821			7,802			6,079			4,973

BNSF		22,014			20,835		19,548			5,928			5,377			4,741
Finance and financial products		4,291			4,110		4,014			985			848			774
Marmon		6,979			7,171		6,925			1,176			1,137			992
McLane Company		45,930			37,437		33,279			486			403			370
MidAmerican		12,743			11,747		11,291			1,806			1,644			1,659
Other businesses		42,382			38,647		32,202			5,080			4,591			3,675

		175,758			158,966		144,080			23,263			20,079			17,184

Reconciliation of segments to consolidated amount:
Investment and derivative gains/losses		6,673			3,425		(830	)		6,673			3,425			(830	)
Interest expense, not allocated to segments		—			—		—			(303	)		(271	)		(221	)
Eliminations and other		(281	)		72		438			(837	)		(997	)		(819	)

	$	182,150		$	162,463	$	143,688		$	28,796		$	22,236		$	15,314


	Capital expenditures						Depreciation of tangible assets
	2013		2012		2011		2013		2012		2011
Operating Businesses:
Insurance group	$	89	$	61	$	40	$	58	$	57	$	56
BNSF		3,918		3,548		3,325		1,655		1,573		1,480
Finance and financial products		251		367		331		182		184		180
Marmon		847		817		514		498		479		484
McLane Company		225		225		188		159		149		129
MidAmerican		4,307		3,380		2,684		1,577		1,440		1,333
Other businesses		1,450		1,377		1,109		1,289		1,264		1,021

	$	11,087	$	9,775	$	8,191	$	5,418	$	5,146	$	4,683


	Goodwill at year-end				Identifiable assets at year-end
	2013		2012		2013		2012		2011
Operating Businesses:
Insurance group:
GEICO	$	1,372	$	1,372	$	39,568	$	30,986	$	27,253
General Re		13,532		13,532		29,956		30,477		28,442
Berkshire Hathaway Reinsurance and Primary Groups		607		607		138,480		118,819		104,913

Total insurance group		15,511		15,511		208,004		180,282		160,608

BNSF		14,819		14,836		59,842		56,839		55,282
Finance and financial products		1,036		1,036		25,163		24,412		23,919
Marmon		800		814		11,767		11,230		10,597
McLane Company		701		705		5,209		5,090		4,107
MidAmerican		7,784		5,377		62,189		46,856		42,039
Other businesses		16,360		16,244		39,107		36,875		34,994

	$	57,011	$	54,523		411,281		361,584		331,546


Reconciliation of segments to consolidated amount:
Corporate and other						16,639		11,345		7,888
Goodwill						57,011		54,523		53,213

					$	484,931	$	427,452	$	392,647

Insurance premiums written by geographic region (based upon the domicile of the insured or reinsured) are summarized below. Dollars are in millions.


	Property/Casualty						Life/Health
	2013		2012		2011		2013		2012		2011
United States	$	25,704	$	23,186	$	22,253	$	3,934	$	3,504	$	3,100
Western Europe		2,234		4,387		4,495		1,339		1,114		880
All other		2,973		2,319		1,089		1,026		1,217		1,090

	$	30,911	$	29,892	$	27,837	$	6,299	$	5,835	$	5,070

In 2013, 2012 and 2011, premiums written and earned attributable to Western Europe were primarily in the United Kingdom, Germany, Switzerland and Luxembourg. In 2012 and 2011, property/casualty insurance premiums earned included approximately $3.4 billion and $2.9 billion, respectively, from a reinsurance contract with Swiss Reinsurance Company Ltd. and its affiliates. This contract expired at the end of 2012 and is now in run-off. Life/health insurance premiums written and earned in the United States included approximately $1.5 billion in 2012 and 2011 from a single contract with Swiss Re Life & Health America Inc., an affiliate of Swiss Reinsurance Company Ltd. This contract was amended in 2013 which resulted in significantly reduced premiums.

Consolidated sales and service revenues in 2013, 2012 and 2011 were $94.8 billion, $83.3 billion and $72.8 billion, respectively. Approximately 85% of such amounts in 2013 were in the United States compared with approximately 84% in 2012 and 86% in 2011. The remainder of sales and service revenues were primarily in Europe and Canada. In each of the three years ending December 31, 2013, consolidated sales and service revenues included sales of approximately $13 billion in 2013 and $12 billion in 2012 and 2011 to Wal-Mart Stores, Inc.

Approximately 96% of our revenues in 2013, 2012 and 2011 from railroad, utilities and energy businesses were in the United States. In each year, most of the remainder was attributed to the United Kingdom. At December 31, 2013, 92% of our consolidated net property, plant and equipment was located in the United States with the remainder primarily in Europe and Canada.

Premiums written and earned by the property/casualty and life/health insurance businesses are summarized below (in millions).


	Property/Casualty									Life/Health
	2013			2012			2011			2013			2012			2011
Premiums Written:
Direct	$	24,292		$	20,796		$	18,512		$	931		$	554		$	67
Assumed		7,339			9,668			9,867			5,437			5,391			5,133
Ceded		(720	)		(572	)		(542	)		(69	)		(110	)		(130	)

	$	30,911		$	29,892		$	27,837		$	6,299		$	5,835		$	5,070

Premiums Earned:
Direct	$	23,267		$	20,204		$	18,038		$	931		$	554		$	67
Assumed		7,928			9,142			9,523			5,425			5,356			5,099
Ceded		(797	)		(600	)		(522	)		(70	)		(111	)		(130	)

	$	30,398		$	28,746		$	27,039		$	6,286		$	5,799		$	5,036