Berkshire Hathaway 2013 Annual Report Download - page 65

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Notes to Consolidated Financial Statements (Continued)
(23) Business segment data
Our reportable business segments are organized in a manner that reflects how management views those business activities.
Certain businesses have been grouped together for segment reporting based upon similar products or product lines, marketing,
selling and distribution characteristics, even though those business units are operated under separate local management.
The tabular information that follows shows data of reportable segments reconciled to amounts reflected in our
Consolidated Financial Statements. Intersegment transactions are not eliminated in instances where management considers those
transactions in assessing the results of the respective segments. Furthermore, our management does not consider investment and
derivative gains/losses or amortization of purchase accounting adjustments related to Berkshire’s acquisition in assessing the
performance of reporting units. Collectively, these items are included in reconciliations of segment amounts to consolidated
amounts.
Business Identity Business Activity
GEICO Underwriting private passenger automobile insurance mainly
by direct response methods
General Re Underwriting excess-of-loss, quota-share and facultative
reinsurance worldwide
Berkshire Hathaway Reinsurance Group Underwriting excess-of-loss and quota-share reinsurance for
insurers and reinsurers
Berkshire Hathaway Primary Group Underwriting multiple lines of property and casualty
insurance policies for primarily commercial accounts
BNSF Operates one of the largest railroad systems in North
America
Clayton Homes, XTRA, CORT and other financial services
(“Finance and financial products”)
Proprietary investing, manufactured housing and related
consumer financing, transportation equipment leasing and
furniture leasing
Marmon An association of approximately 160 manufacturing and
service businesses that operate within 11 diverse business
sectors
McLane Company Wholesale distribution of groceries and non-food items
MidAmerican Regulated electric and gas utility, including power
generation and distribution activities in the U.S. and
internationally; domestic real estate brokerage
63