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Business segment data (Tables)
6 Months Ended
Jun. 30, 2022
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 second quarter and first six months of 2022 and 2021 were as follows (in millions).

 

 

Second Quarter

 

 

First Six Months

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenues of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

9,807

 

 

$

9,546

 

 

$

19,361

 

 

$

18,469

 

Berkshire Hathaway Primary Group

 

3,313

 

 

 

2,755

 

 

 

6,431

 

 

 

5,409

 

Berkshire Hathaway Reinsurance Group

 

4,967

 

 

 

4,862

 

 

 

9,787

 

 

 

9,709

 

Investment income

 

2,284

 

 

 

1,459

 

 

 

3,648

 

 

 

2,873

 

Total insurance

 

20,371

 

 

 

18,622

 

 

 

39,227

 

 

 

36,460

 

BNSF

 

6,640

 

 

 

5,809

 

 

 

12,608

 

 

 

11,210

 

BHE

 

6,518

 

 

 

6,085

 

 

 

12,501

 

 

 

12,009

 

Manufacturing

 

19,772

 

 

 

17,412

 

 

 

38,193

 

 

 

33,325

 

McLane

 

13,262

 

 

 

12,295

 

 

 

25,777

 

 

 

23,917

 

Service and retailing

 

9,617

 

 

 

8,977

 

 

 

18,732

 

 

 

16,935

 

 

 

76,180

 

 

 

69,200

 

 

 

147,038

 

 

 

133,856

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate, eliminations and other

 

 

 

 

(86

)

 

 

(48

)

 

 

(143

)

 

$

76,180

 

 

$

69,114

 

 

$

146,990

 

 

$

133,713

 

 

 

 

 

Second Quarter

 

 

First Six Months

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Earnings (Loss) Before Income Taxes of Operating Businesses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GEICO

$

(487

)

 

$

626

 

 

$

(665

)

 

$

1,649

 

Berkshire Hathaway Primary Group

 

242

 

 

 

166

 

 

 

334

 

 

 

372

 

Berkshire Hathaway Reinsurance Group

 

967

 

 

 

(327

)

 

 

1,123

 

 

 

(590

)

Investment income

 

2,283

 

 

 

1,456

 

 

 

3,644

 

 

 

2,868

 

Total insurance

 

3,005

 

 

 

1,921

 

 

 

4,436

 

 

 

4,299

 

BNSF

 

2,151

 

 

 

1,979

 

 

 

3,960

 

 

 

3,638

 

BHE

 

564

 

 

 

739

 

 

 

1,240

 

 

 

1,422

 

Manufacturing

 

3,028

 

 

 

2,714

 

 

 

5,852

 

 

 

5,150

 

McLane

 

76

 

 

 

84

 

 

 

158

 

 

 

187

 

Service and retailing

 

1,199

 

 

 

1,186

 

 

 

2,334

 

 

 

2,124

 

 

 

10,023

 

 

 

8,623

 

 

 

17,980

 

 

 

16,820

 

Reconciliation of segments to consolidated amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment and derivative gains (losses)

 

(66,919

)

 

 

27,394

 

 

 

(68,897

)

 

 

33,094

 

Interest expense, not allocated to segments

 

(100

)

 

 

(144

)

 

 

(204

)

 

 

(258

)

Equity method investments

 

231

 

 

 

147

 

 

 

607

 

 

 

398

 

Corporate, eliminations and other

 

1,283

 

 

 

(299

)

 

 

1,844

 

 

 

195

 

 

$

(55,482

)

 

$

35,721

 

 

$

(48,670

)

 

$

50,249