Berkshire Hathaway 2005 Annual Report Download - page 48

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(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: 2005 2004 2003
Premiums earned:
GEICO ................................................................................................................ $10,101 $ 8,915 $ 7,784
General Re .......................................................................................................... 6,435 7,245 8,245
Berkshire Hathaway Reinsurance Group ............................................................ 3,963 3,714 4,430
Berkshire Hathaway Primary Group................................................................... 1,498 1,211 1,034
Investment income ................................................................................................. 3,501 2,842 3,238
Total insurance group................................................................................................ 25,498 23,927 24,731
Apparel...................................................................................................................... 2,286 2,200 2,075
Building products...................................................................................................... 4,806 4,337 3,846
Finance and financial products *............................................................................... 4,559 3,774 3,045
Flight services ........................................................................................................... 3,660 3,244 2,431
McLane Company..................................................................................................... 24,074 23,373 13,743
Retail......................................................................................................................... 2,759 2,601 2,311
Shaw Industries ......................................................................................................... 5,723 5,174 4,660
Other businesses........................................................................................................ 3,588 3,213 3,040
76,953 71,843 59,882
Reconciliation of segments to consolidated amount:
Investment and derivative gains/losses * ............................................................... 5,494 3,496 4,129
Other revenues ....................................................................................................... 42 53 39
Eliminations and other ........................................................................................... (826) (1,010) (191)
$81,663 $74,382 $63,859
Earnings (loss) before taxes
Operating Businesses: and minority interests
Insurance group: 2005 2004 2003
Underwriting gain (loss):
GEICO ................................................................................................................ $ 1,221 $ 970 $ 452
General Re .......................................................................................................... (334) 3 145
Berkshire Hathaway Reinsurance Group ............................................................ (1,069) 417 1,047
Berkshire Hathaway Primary Group................................................................... 235 161 74
Net investment income........................................................................................... 3,480 2,824 3,223
Total insurance group................................................................................................ 3,533 4,375 4,941
Apparel...................................................................................................................... 348 325 289
Building products...................................................................................................... 751 643 559
Finance and financial products *............................................................................... 822 584 619
Flight services ........................................................................................................... 120 191 72
McLane Company..................................................................................................... 217 228 150
Retail......................................................................................................................... 201 163 165
Shaw Industries ......................................................................................................... 485 466 436
Other businesses........................................................................................................ 501 465 486
6,978 7,440 7,717
Reconciliation of segments to consolidated amount:
Investment and derivative gains/losses * ............................................................... 5,494 3,489 4,121
Equity in earnings of MidAmerican Energy Holdings Company........................... 523 237 429
Interest expense, excluding interest allocated to business segments ...................... (72) (92) (94)
Eliminations and other ........................................................................................... (132) (138) (153)
$12,791 $10,936 $12,020
* Investment and derivative gains/losses exclude derivative losses of GRS (see Note 11) of $86 million, $25 million and $46
million in 2005, 2004 and 2003, respectively. The GRS derivative losses have been included in the results of the finance
and financial products segment.