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Business segment data (Tables)
6 Months Ended
Jun. 30, 2021
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 2021 and 2020 were as follows (in millions).

 

 

Second Quarter

 

 

First Six Months

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenues of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

9,546

 

 

$

9,040

 

 

$

18,469

 

 

$

18,149

 

Berkshire Hathaway Primary Group

 

2,755

 

 

 

2,244

 

 

 

5,409

 

 

 

4,613

 

Berkshire Hathaway Reinsurance Group

 

4,862

 

 

 

4,311

 

 

 

9,709

 

 

 

8,581

 

Investment income

 

1,459

 

 

 

1,615

 

 

 

2,873

 

 

 

3,263

 

Total insurance

 

18,622

 

 

 

17,210

 

 

 

36,460

 

 

 

34,606

 

BNSF

 

5,809

 

 

 

4,602

 

 

 

11,210

 

 

 

10,019

 

Berkshire Hathaway Energy

 

6,085

 

 

 

4,659

 

 

 

12,009

 

 

 

9,166

 

Manufacturing

 

17,412

 

 

 

13,033

 

 

 

33,325

 

 

 

28,068

 

McLane Company

 

12,295

 

 

 

11,218

 

 

 

23,917

 

 

 

23,039

 

Service and retailing

 

8,977

 

 

 

6,037

 

 

 

16,935

 

 

 

12,993

 

 

 

69,200

 

 

 

56,759

 

 

 

133,856

 

 

 

117,891

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

(86

)

 

 

81

 

 

 

(143

)

 

 

214

 

 

$

69,114

 

 

$

56,840

 

 

$

133,713

 

 

$

118,105

 

 

 

 

 

Second Quarter

 

 

First Six Months

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Earnings (Loss) Before Income Taxes of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

626

 

 

$

2,060

 

 

$

1,649

 

 

$

3,044

 

Berkshire Hathaway Primary Group

 

166

 

 

 

96

 

 

 

372

 

 

 

63

 

Berkshire Hathaway Reinsurance Group

 

(327

)

 

 

(1,103

)

 

 

(590

)

 

 

(1,592

)

Investment income

 

1,456

 

 

 

1,613

 

 

 

2,868

 

 

 

3,260

 

Total insurance

 

1,921

 

 

 

2,666

 

 

 

4,299

 

 

 

4,775

 

BNSF

 

1,979

 

 

 

1,494

 

 

 

3,638

 

 

 

3,078

 

Berkshire Hathaway Energy

 

739

 

 

 

533

 

 

 

1,422

 

 

 

952

 

Manufacturing

 

2,714

 

 

 

1,399

 

 

 

5,150

 

 

 

3,510

 

McLane Company

 

84

 

 

 

44

 

 

 

187

 

 

 

109

 

Service and retailing

 

1,186

 

 

 

408

 

 

 

2,124

 

 

 

966

 

 

 

8,623

 

 

 

6,544

 

 

 

16,820

 

 

 

13,390

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and derivative gains (losses)

 

27,394

 

 

 

40,085

 

 

 

33,094

 

 

 

(30,190

)

Interest expense, not allocated to segments

 

(144

)

 

 

(111

)

 

 

(258

)

 

 

(247

)

Equity method investments

 

147

 

 

 

(257

)

 

 

398

 

 

 

43

 

Goodwill and intangible impairments

 

 

 

 

(10,634

)

 

 

 

 

 

(10,634

)

Corporate, eliminations and other

 

(299

)

 

 

(218

)

 

 

195

 

 

 

(2

)

 

$

35,721

 

 

$

35,409

 

 

$

50,249

 

 

$

(27,640

)