Business segment data

3 Months Ended

Mar. 31, 2019

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, marketing, selling and distribution characteristics, even though those business units are operated under separate local management. The accompanying business segment information for the first quarter of 2018 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 first quarter of 2018 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 or loss before income taxes by segment for the first quarter of 2019 and 2018 were as follows (in millions).


	First Quarter
	2019			2018
Revenues of Operating Businesses:
Insurance:
Underwriting:
GEICO	$	8,622		$	7,915
Berkshire Hathaway Reinsurance Group		3,546			3,540
Berkshire Hathaway Primary Group		2,151			1,918
Investment income		1,487			1,213

Total insurance		15,806			14,586
BNSF		5,762			5,624
Berkshire Hathaway Energy		4,672			4,512
Manufacturing		15,070			14,722
McLane Company		12,199			12,189
Service and retailing		7,025			6,815

		60,534			58,448

Reconciliation of segments to consolidated amount:
Corporate, eliminations and other		144			25

	$	60,678		$	58,473


	First Quarter
	2019			2018
Earnings (Loss) Before Income Taxes of Operating Businesses:
Insurance:
Underwriting:
GEICO	$	770		$	677
Berkshire Hathaway Reinsurance Group		(253	)		(258	)
Berkshire Hathaway Primary Group		(30	)		99
Investment income		1,485			1,205

Total insurance		1,972			1,723
BNSF		1,665			1,513
Berkshire Hathaway Energy		540			487
Manufacturing		2,194			2,207
McLane Company		111			60
Service and retailing		621			573

		7,103			6,563

Reconciliation of segments to consolidated amount:
Investment and derivative gains (losses)		20,322			(8,015	)
Interest expense, not allocated to segments		(109	)		(120	)
Equity method investments		168			401
Corporate, eliminations and other		163			(352	)

	$	27,647		$	(1,523	)