Berkshire Hathaway 2003 Annual Report Download - page 50

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49
(20) 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: 2003 2002 2001
Premiums earned:
GEICO.................................................................................................... $ 7,784 $ 6,670 $ 6,060
General Re.............................................................................................. 8,245 8,500 8,353
Berkshire Hathaway Reinsurance Group................................................ 4,430 3,300 2,991
Berkshire Hathaway Primary Group....................................................... 1,034 712 501
Investment income..................................................................................... 3,238 3,067 2,844
Total insurance group................................................................................... 24,731 22,249 20,749
Apparel......................................................................................................... 2,075 1,619 726
Building products ......................................................................................... 3,846 3,702 3,269
Finance and financial products..................................................................... 3,073 2,234 1,928
Flight services .............................................................................................. 2,431 2,837 2,563
McLane Company........................................................................................ 13,743 — —
Retail ............................................................................................................ 2,311 2,103 1,998
Shaw Industries ............................................................................................ 4,660 4,334 4,012
Other businesses........................................................................................... 3,040 2,375 1,957
59,910 41,453 37,202
Reconciliation of segments to consolidated amount:
Realized investment gains ......................................................................... 4,129 918 1,488
Other revenues........................................................................................... 39 29 35
Eliminations............................................................................................... (83) (56) (65)
Purchase-accounting adjustments.............................................................. (136) (109) (67)
$63,859 $42,235 $38,593
Operating Businesses: Earnings (loss) before taxes
Insurance group: 2003 2002 2001
Underwriting gain (loss):
GEICO.................................................................................................... $ 452 $ 416 $ 221
General Re.............................................................................................. 145 (1,393) (3,671)
Berkshire Hathaway Reinsurance Group................................................ 1,047 547 (634)
Berkshire Hathaway Primary Group....................................................... 74 32 30
Net investment income.............................................................................. 3,223 3,050 2,824
Total insurance group................................................................................... 4,941 2,652 (1,230)
Apparel......................................................................................................... 289 229 (33)
Building products ......................................................................................... 559 516 461
Finance and financial products..................................................................... 619 726 402
Flight services .............................................................................................. 72 225 186
McLane Company........................................................................................ 150 — —
Retail ............................................................................................................ 165 166 175
Shaw Industries ............................................................................................ 436 424 292
Other businesses........................................................................................... 486 381 320
7,717 5,319 573
Reconciliation of segments to consolidated amount:
Realized investment gains ......................................................................... 4,121 884 1,445
Equity in earnings of MidAmerican Energy Holdings Company.............. 429 359 134
Interest expense, excluding interest allocated to business segments ......... (94) (86) (92)
Corporate and other................................................................................... 24 2 8
Goodwill amortization and other purchase-accounting adjustments ......... (177) (119) (630)
$12,020 $ 6,359 $ 1,438