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 insurance and reinsurance, freight rail transportation, utilities and energy, finance,manufacturing, services and retailing. Included in the group of subsidiaries that underwrite insurance andreinsurance is GEICO, the second largest private passenger auto insurer in the United States and two of thelargest reinsurers in the world, General Re and the BERKSHIRE HATHAWAY Reinsurance Group. Other subsidiariesthat underwrite property and casualty insurance include: National Indemnity Company, BERKSHIRE HathawayHomestate Insurance Companies, Medical Protective Company, Applied Underwriters, Liability InsuranceCompany, Central States Indemnity Company, , the Guard Insurance Group and BERKSHIRE HathawaySpecialty Insurance Northern Santa Fe ( BNSF ) operates one of the largest railroad systems in North America.
BERKSHIRE HATHAWAY INC. To the Shareholders of Berkshire Hathaway Inc.: Berkshire’s gain in net worth during 2013 was $34.2 billion. That gain was after our deducting $1.8 billion of charges – meaningless economically, as I will explain later – that arose from our purchase of the minority
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