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Business segment data (Tables)
9 Months Ended
Sep. 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 and 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 third quarter and first nine months of 2021 and 2020 were as follows (in millions).

 

 

Third Quarter

 

 

First Nine Months

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenues of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

9,604

 

 

$

8,540

 

 

$

28,073

 

 

$

26,689

 

Berkshire Hathaway Primary Group

 

2,964

 

 

 

2,490

 

 

 

8,373

 

 

 

7,103

 

Berkshire Hathaway Reinsurance Group

 

5,159

 

 

 

4,883

 

 

 

14,868

 

 

 

13,464

 

Investment income

 

1,339

 

 

 

1,223

 

 

 

4,212

 

 

 

4,486

 

Total insurance

 

19,066

 

 

 

17,136

 

 

 

55,526

 

 

 

51,742

 

BNSF

 

5,790

 

 

 

5,176

 

 

 

17,000

 

 

 

15,195

 

Berkshire Hathaway Energy

 

7,013

 

 

 

6,226

 

 

 

19,022

 

 

 

15,392

 

Manufacturing

 

17,496

 

 

 

15,170

 

 

 

50,821

 

 

 

43,238

 

McLane Company

 

12,612

 

 

 

12,040

 

 

 

36,529

 

 

 

35,079

 

Service and retailing

 

8,679

 

 

 

7,279

 

 

 

25,614

 

 

 

20,272

 

 

 

70,656

 

 

 

63,027

 

 

 

204,512

 

 

 

180,918

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

(73

)

 

 

(3

)

 

 

(216

)

 

 

211

 

 

$

70,583

 

 

$

63,024

 

 

$

204,296

 

 

$

181,129

 

 

 

 

 

Third Quarter

 

 

First Nine Months

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Earnings Before Income Taxes of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

(289

)

 

$

276

 

 

$

1,360

 

 

$

3,320

 

Berkshire Hathaway Primary Group

 

(23

)

 

 

(126

)

 

 

349

 

 

 

(63

)

Berkshire Hathaway Reinsurance Group

 

(708

)

 

 

(441

)

 

 

(1,298

)

 

 

(2,033

)

Investment income

 

1,337

 

 

 

1,220

 

 

 

4,205

 

 

 

4,480

 

Total insurance

 

317

 

 

 

929

 

 

 

4,616

 

 

 

5,704

 

BNSF

 

2,029

 

 

 

1,777

 

 

 

5,667

 

 

 

4,855

 

Berkshire Hathaway Energy

 

1,375

 

 

 

1,122

 

 

 

2,797

 

 

 

2,074

 

Manufacturing

 

2,445

 

 

 

2,255

 

 

 

7,595

 

 

 

5,765

 

McLane Company

 

(8

)

 

 

96

 

 

 

179

 

 

 

205

 

Service and retailing

 

1,110

 

 

 

779

 

 

 

3,234

 

 

 

1,745

 

 

 

7,268

 

 

 

6,958

 

 

 

24,088

 

 

 

20,348

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and derivative gains

 

4,921

 

 

 

31,582

 

 

 

38,015

 

 

 

1,392

 

Interest expense, not allocated to segments

 

(128

)

 

 

(116

)

 

 

(386

)

 

 

(363

)

Equity method investments

 

377

 

 

 

290

 

 

 

775

 

 

 

333

 

Goodwill and intangible impairments

 

 

 

 

(25

)

 

 

 

 

 

(10,659

)

Corporate, eliminations and other

 

46

 

 

 

(759

)

 

 

241

 

 

 

(761

)

 

$

12,484

 

 

$

37,930

 

 

$

62,733

 

 

$

10,290