Berkshire Hathaway 2001 Annual Report Download - page 21

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20
BERKSHIRE HATHAWAY INC.
Selected Financial Data for the Past Five Years
(dollars in millions, except per share data)
2001 2000 1999 1998 1997
Revenues:
Insurance premiums earned .......................................... $17,905 $19,343 $14,306 $ 5,481 $ 4,761
Sales and service revenues............................................ 14,902 7,361 5,918 4,675 3,615
Interest, dividend and other investment income ........... 2,930 2,791 2,314 1,049 916
Income from finance and financial products
businesses .................................................................. 568 556 125 212 32
Realized investment gain (1) .......................................... 1,363 3,955 1,365 2,415 1,106
Total revenues............................................................... $37,668 $34,006 $24,028 $13,832 $10,430
Earnings:
Before realized investment gain ................................... $ (47)(4) $ 936 $ 671 $ 1,277 $ 1,197
Realized investment gain (1) .......................................... 842 2,392 886 1,553 704
Net earnings.................................................................. $ 795 $ 3,328 $ 1,557 $ 2,830 $ 1,901
Earnings per share:
Before realized investment gain ................................... $ (30)(4) $ 614 $ 442 $ 1,021 $ 971
Realized investment gain (1) .......................................... 551 1,571 583 1,241 571
Net earnings.................................................................. $ 521 $ 2,185 $ 1,025 $ 2,262 $ 1,542
Year-end data (2):
Total assets ................................................................... $162,752 $135,792 $131,416 $122,237 $56,111
Borrowings under investment agreements
and other debt (3) ........................................................ 3,485 2,663 2,465 2,385 2,267
Shareholders’ equity ..................................................... 57,950 61,724 57,761 57,403 31,455
Class A equivalent common shares
outstanding, in thousands........................................... 1,528 1,526 1,521 1,519 1,234
Shareholders’ equity per outstanding
Class A equivalent share............................................ $ 37,920 $ 40,442 $ 37,987 $ 37,801 $25,488
_________________
(1) The amount of realized investment gain/loss for any given period has no predictive value, and variations in
amount from period to period have no practical analytical value, particularly in view of the unrealized
appreciation now existing in Berkshire's consolidated investment portfolio.
(2) Year-end data for 1998 includes General Re Corporation acquired by Berkshire on December 21, 1998.
(3) Excludes borrowings of finance businesses.
(4) Includes pre-tax underwriting loss of $2.4 billion in connection with the September 11, 2001 terrorist attack.
Such loss reduced net earnings by approximately $1.5 billion and earnings per share by $982.