Berkshire Hathaway 2010 Annual Report Download - page 67

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Notes to Consolidated Financial Statements (Continued)
(21) Business segment data (Continued)
Goodwill
at year-end
Identifiable assets
at year-end
2010 2009 2010 2009
Operating Businesses:
Insurance group:
GEICO ......................................................... $ 1,372 $ 1,372 $ 25,631 $ 22,996
General Re ...................................................... 13,532 13,532 29,196 30,894
Berkshire Hathaway Reinsurance and Primary Groups ................... 589 589 104,383 102,787
Total insurance group ................................................. 15,493 15,493 159,210 156,677
Burlington Northern Santa Fe ........................................... 14,803 — 53,476 —
Finance and financial products .......................................... 1,031 1,024 24,692 24,027
Marmon ............................................................ 709 706 10,047 9,768
McLane Company .................................................... 155 155 4,018 3,505
MidAmerican ....................................................... 5,281 5,334 40,045 39,437
Other businesses ..................................................... 11,534 11,260 24,144 22,888
$49,006 $33,972 315,632 256,302
Reconciliation of segments to consolidated amount:
Corporate and other ............................................... 7,591 6,845
Goodwill ....................................................... 49,006 33,972
$372,229 $297,119
Insurance premiums written by geographic region (based upon the domicile of the insured or reinsured) are summarized
below. Dollars are in millions.
Property/Casualty Life/Health
2010 2009 2008 2010 2009 2008
United States ............................................ $21,539 $19,280 $19,267 $3,210 $1,095 $1,119
Western Europe .......................................... 3,377 5,236 4,145 945 761 749
All other ................................................ 918 737 797 927 774 720
$25,834 $25,253 $24,209 $5,082 $2,630 $2,588
In 2010, 2009 and 2008, premiums written and earned attributable to Western Europe were primarily in the United
Kingdom, Germany, Switzerland and Luxembourg. In 2010 and 2009, property/casualty insurance premiums earned included
approximately $2.4 billion and $4.6 billion, respectively, from Swiss Reinsurance Company Ltd. and its affiliates. Life/health
insurance premiums written and earned in the United States in 2010 included approximately $2.1 billion from a single contract
with Swiss Re Life & Health America Inc., an affiliate of Swiss Reinsurance Company Ltd.
Consolidated sales and service revenues in 2010, 2009 and 2008 were $67.2 billion, $62.6 billion and $65.9 billion,
respectively. Approximately 88% of such amounts in 2010 were in the United States compared with approximately 90% in 2009
and 2008. The remainder of sales and service revenues were primarily in Europe and Canada. In 2010, consolidated sales and
service revenues included $11.8 billion of sales to Wal-Mart Stores, Inc. which were primarily related to McLane’s wholesale
distribution business.
Approximately 97% of our revenues in 2010 from railroad, utilities and energy businesses were in the United States versus
91% in 2009 and 2008. In each year most of the remainder was attributed to the United Kingdom. At December 31, 2010,
approximately 92% of our consolidated net property, plant and equipment were located in the United States with the remainder
primarily in the United Kingdom, Canada and Europe.
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