Berkshire Hathaway 2015 Annual Report Download - page 73

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Notes to Consolidated Financial Statements (Continued)
(23) Business segment data
Our operating businesses include a large and diverse group of insurance, finance, manufacturing, service and retailing
businesses. 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 from segment results when 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 acquisitions 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 worldwide
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
Berkshire Hathaway Energy Regulated electric and gas utility, including power
generation and distribution activities and real estate
brokerage activities
Manufacturing Manufacturers of numerous products including industrial,
consumer and building products
McLane Company Wholesale distribution of groceries and non-food items
Service and retailing Providers of numerous services including fractional aircraft
ownership programs, aviation pilot training, electronic
components distribution and various retailing businesses,
including automotive dealerships
Finance and financial products Manufactured housing and related consumer financing;
transportation equipment, manufacturing and leasing; and
furniture leasing
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