Transcription of BERKSHIRE HATHAWAY INC.
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BERKSHIRE HATHAWAY INC.
REPORTB usiness ActivitiesBerkshire HATHAWAY a holding company owning subsidiaries that engage in a number of diversebusiness activities including property and casualty insurance and reinsurance, utilities and energy, finance,manufacturing, services and retailing. Included in the group of subsidiaries that underwrite property and casualtyinsurance and reinsurance is GEICO, the third largest auto insurer in the United States and two of the largestreinsurers in the world, General Re and the BERKSHIRE HATHAWAY Reinsurance Group. Other subsidiaries thatunderwrite property and casualty insurance include National Indemnity Company, Medical Protective Company,Applied Underwriters, Liability Insurance Company, Central States Indemnity Company, Kansas BankersSurety, Cypress Insurance Company, and several other subsidiaries referred to as the Homestate Companies.
Take a look again at the 44-year table on page 2. In 75% of those years, the S&P stocks recorded a gain. I would guess that a roughly similar percentage of …
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