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Business segment data (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of revenues and earnings or loss before income taxes by segment

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. Revenues and earnings before income taxes by segment for the second quarter and first six months of 2020 and 2019 were as follows (in millions).

 

 

 

Second Quarter

 

 

First Six Months

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenues of Operating Businesses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

 

$

9,040

 

 

$

8,869

 

 

$

18,149

 

 

$

17,491

 

Berkshire Hathaway Primary Group

 

 

2,244

 

 

 

2,287

 

 

 

4,613

 

 

 

4,438

 

Berkshire Hathaway Reinsurance Group

 

 

4,311

 

 

 

3,707

 

 

 

8,581

 

 

 

7,253

 

Investment income

 

 

1,615

 

 

 

1,654

 

 

 

3,263

 

 

 

3,141

 

Total insurance

 

 

17,210

 

 

 

16,517

 

 

 

34,606

 

 

 

32,323

 

BNSF

 

 

4,602

 

 

 

5,893

 

 

 

10,019

 

 

 

11,655

 

Berkshire Hathaway Energy

 

 

4,659

 

 

 

4,970

 

 

 

9,166

 

 

 

9,642

 

Manufacturing

 

 

13,033

 

 

 

16,206

 

 

 

28,068

 

 

 

31,276

 

McLane Company

 

 

11,218

 

 

 

12,411

 

 

 

23,039

 

 

 

24,610

 

Service and retailing

 

 

6,037

 

 

 

7,462

 

 

 

12,993

 

 

 

14,487

 

 

 

 

56,759

 

 

 

63,459

 

 

 

117,891

 

 

 

123,993

 

Reconciliation of segments to consolidated amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

 

81

 

 

 

139

 

 

 

214

 

 

 

283

 

 

 

$

56,840

 

 

$

63,598

 

 

$

118,105

 

 

$

124,276

 

 

 

 

Second Quarter

 

 

First Six Months

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Earnings Before Income Taxes of Operating Businesses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

 

$

2,060

 

 

$

393

 

 

$

3,044

 

 

$

1,163

 

Berkshire Hathaway Primary Group

 

 

96

 

 

 

167

 

 

 

63

 

 

 

137

 

Berkshire Hathaway Reinsurance Group

 

 

(1,103

)

 

 

(104

)

 

 

(1,592

)

 

 

(357

)

Investment income

 

 

1,613

 

 

 

1,649

 

 

 

3,260

 

 

 

3,134

 

Total insurance

 

 

2,666

 

 

 

2,105

 

 

 

4,775

 

 

 

4,077

 

BNSF

 

 

1,494

 

 

 

1,773

 

 

 

3,078

 

 

 

3,438

 

Berkshire Hathaway Energy

 

 

533

 

 

 

593

 

 

 

952

 

 

 

1,133

 

Manufacturing

 

 

1,399

 

 

 

2,527

 

 

 

3,510

 

 

 

4,721

 

McLane Company

 

 

44

 

 

 

59

 

 

 

109

 

 

 

170

 

Service and retailing

 

 

408

 

 

 

745

 

 

 

966

 

 

 

1,366

 

 

 

 

6,544

 

 

 

7,802

 

 

 

13,390

 

 

 

14,905

 

Reconciliation of segments to consolidated amount:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and derivative gains (losses)

 

 

40,085

 

 

 

10,048

 

 

 

(30,190

)

 

 

30,370

 

Interest expense, not allocated to segments

 

 

(111

)

 

 

(107

)

 

 

(247

)

 

 

(216

)

Equity method investments

 

 

(257

)

 

 

124

 

 

 

43

 

 

 

292

 

Goodwill and intangible asset impairments

 

 

(10,634

)

 

 

 

 

 

(10,634

)

 

 

 

Corporate, eliminations and other

 

 

(218

)

 

 

(108

)

 

 

(2

)

 

 

55

 

 

 

$

35,409

 

 

$

17,759

 

 

$

(27,640

)

 

$

45,406