Berkshire Hathaway 2004 Annual Report Download - page 53

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52
Notes to Consolidated Financial Statements (Continued)
(21) 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: 2004 2003 2002
Premiums earned:
GEICO.................................................................................................... $ 8,915 $ 7,784 $ 6,670
General Re.............................................................................................. 7,245 8,245 8,500
Berkshire Hathaway Reinsurance Group................................................ 3,714 4,430 3,300
Berkshire Hathaway Primary Group....................................................... 1,211 1,034 712
Investment income .................................................................................... 2,842 3,238 3,067
Total insurance group................................................................................... 23,927 24,731 22,249
Apparel......................................................................................................... 2,200 2,075 1,619
Building products ......................................................................................... 4,337 3,846 3,702
Finance and financial products..................................................................... 3,774 3,045 2,234
Flight services .............................................................................................. 3,244 2,431 2,837
McLane Company........................................................................................ 23,373 13,743 —
Retail ............................................................................................................ 2,601 2,311 2,103
Shaw Industries ............................................................................................ 5,174 4,660 4,334
Other businesses........................................................................................... 3,213 3,040 2,375
71,843 59,882 41,453
Reconciliation of segments to consolidated amount:
Investment gains........................................................................................ 3,496 4,129 918
Other revenues........................................................................................... 53 39 29
Eliminations and other............................................................................... (1,010) (191) (165)
$74,382 $63,859 $42,235
Operating Businesses: Earnings (loss) before taxes
Insurance group: 2004 2003 2002
Underwriting gain (loss):
GEICO.................................................................................................... $ 970 $ 452 $ 416
General Re.............................................................................................. 3 145 (1,393)
Berkshire Hathaway Reinsurance Group................................................ 417 1,047 547
Berkshire Hathaway Primary Group....................................................... 161 74 32
Net investment income .............................................................................. 2,824 3,223 3,050
Total insurance group................................................................................... 4,375 4,941 2,652
Apparel......................................................................................................... 325 289 229
Building products ......................................................................................... 643 559 516
Finance and financial products..................................................................... 584 619 726
Flight services .............................................................................................. 191 72 225
McLane Company........................................................................................ 228 150 —
Retail ............................................................................................................ 163 165 166
Shaw Industries ............................................................................................ 466 436 424
Other businesses........................................................................................... 465 486 381
7,440 7,717 5,319
Reconciliation of segments to consolidated amount:
Investment gains........................................................................................ 3,489 4,121 884
Equity in earnings of MidAmerican Energy Holdings Company.............. 237 429 359
Interest expense, excluding interest allocated to business segments ......... (92) (94) (86)
Eliminations and other............................................................................... (138) (153) (117)
$10,936 $12,020 $ 6,359