Business segment data

6 Months Ended

Jun. 30, 2019

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

	Second Quarter				First Six Months
	2019		2018		2019		2018
Revenues of Operating Businesses:
Insurance:
Underwriting:
GEICO	$	8,869	$	8,284	$	17,491	$	16,199
Berkshire Hathaway Reinsurance Group		3,707		3,912		7,253		7,452
Berkshire Hathaway Primary Group		2,287		1,953		4,438		3,871
Investment income		1,654		1,399		3,141		2,612
Total insurance		16,517		15,548		32,323		30,134
BNSF		5,893		5,878		11,655		11,502
Berkshire Hathaway Energy		4,970		5,050		9,642		9,562
Manufacturing		16,206		15,927		31,276		30,649
McLane Company		12,411		12,427		24,610		24,616
Service and retailing		7,462		7,307		14,487		14,122
		63,459		62,137		123,993		120,585
Reconciliation of segments to consolidated amount:
Corporate, eliminations and other		139		63		283		88
	$	63,598	$	62,200	$	124,276	$	120,673

	Second Quarter						First Six Months
	2019			2018			2019			2018
Earnings Before Income Taxes of Operating Businesses:
Insurance:
Underwriting:
GEICO	$	393		$	673		$	1,163		$	1,350
Berkshire Hathaway Reinsurance Group		(104	)		297			(357	)		39
Berkshire Hathaway Primary Group		167			234			137			333
Investment income		1,649			1,392			3,134			2,597
Total insurance		2,105			2,596			4,077			4,319
BNSF		1,773			1,655			3,438			3,168
Berkshire Hathaway Energy		593			586			1,133			1,073
Manufacturing		2,527			2,529			4,721			4,736
McLane Company		59			67			170			127
Service and retailing		745			763			1,366			1,336
		7,802			8,196			14,905			14,759
Reconciliation of segments to consolidated amount:
Investment and derivative gains (losses)		10,048			6,362			30,370			(1,653	)
Interest expense, not allocated to segments		(107	)		(115	)		(216	)		(235	)
Equity method investments		124			327			292			728
Corporate, eliminations and other		(108	)		328			55			(24	)
	$	17,759		$	15,098		$	45,406		$	13,575