Berkshire Hathaway 2001 Annual Report Download - page 45

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44
Notes to Consolidated Financial Statements (Continued)
(19) Business Segment Data (Continued)
A disaggregation of Berkshire’ s consolidated data for each of the three most recent years is presented in the tables
which follow on this and the following page. Amounts are in millions.
Operating Businesses: Revenues
Insurance group: 2001 2000 1999
Premiums earned:
GEICO.................................................................................................... $ 6,060 $ 5,610 $ 4,757
General Re.............................................................................................. 8,353 8,696 6,905
Berkshire Hathaway Reinsurance Group................................................ 2,991 4,712 2,387
Berkshire Hathaway Primary Insurance Group ...................................... 501 325 257
Investment income..................................................................................... 2,844 2,796 2,507
Total insurance group................................................................................... 20,749 22,139 16,813
Building products ......................................................................................... 3,269 178 —
Finance and financial products..................................................................... 519 530 117
Flight services .............................................................................................. 2,563 2,279 1,856
Retail ............................................................................................................ 1,998 1,864 1,402
Scott Fetzer Companies................................................................................ 914 963 1,021
Shaw Industries ............................................................................................ 4,012 — —
Other businesses........................................................................................... 2,329 2,180 1,639
36,353 30,133 22,848
Reconciliation of segments to consolidated amount:
Realized investment gain........................................................................... 1,363 3,955 1,365
Other revenues........................................................................................... 35 54 40
Eliminations............................................................................................... (16) — —
Purchase-accounting adjustments.............................................................. (67) (136) (225)
$37,668 $34,006 $24,028
Operating Businesses: Operating Profit before Taxes
Insurance group operating profit: 2001 2000 1999
Underwriting profit (loss):
GEICO.................................................................................................... $ 221 $ (224) $ 24
General Re.............................................................................................. (3,671) (1,254) (1,184)
Berkshire Hathaway Reinsurance Group................................................ (647) (162) (251)
Berkshire Hathaway Primary Insurance Group ...................................... 30 25 17
Net investment income.............................................................................. 2,824 2,773 2,489
Total insurance group operating profit (loss) ............................................... (1,243) 1,158 1,095
Building products ......................................................................................... 461 34 —
Finance and financial products..................................................................... 519 530 117
Flight services .............................................................................................. 186 213 225
Retail ............................................................................................................ 175 175 130
Scott Fetzer Companies................................................................................ 129 122 147
Shaw Industries ............................................................................................ 292 — —
Other businesses........................................................................................... 344 326 211
863 2,558 1,925
Reconciliation of segments to consolidated amount:
Realized investment gain........................................................................... 1,320 3,955 1,365
Interest expense* ....................................................................................... (92) (92) (109)
Corporate and other................................................................................... 8 22 8
Goodwill amortization and other purchase-accounting adjustments ......... (630) (856) (739)
$ 1,469 $ 5,587 $ 2,450
* Amounts of interest expense represent interest on borrowings under investment agreements and other debt
exclusive of that of finance businesses and interest allocated to certain businesses.