Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 171

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 171
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 to head each of the operating segments. Investing decisions are the responsibility of Berkshire’s Chairman and Chief Executive Officer and Berkshire’s corporate investment managers. Certain operating segments are aggregated into reportable business segments based upon similar products or product lines, marketing strategies, and selling and distribution characteristics. 

K-108

Notes to Consolidated Financial Statements (26)Business segment data Berkshire’s reportable business segments are as follows. 

      Business Segment 
       
      Principal Business Activities 

      Insurance:

      GEICO
       
      Underwriting private passenger automobile insurance mainly by direct response methods

      Berkshire Hathaway Primary Group
       
      Underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts

      Berkshire Hathaway Reinsurance Group
       
      Underwriting excess-of-loss, quota-share and facultative reinsurance worldwide

      Burlington Northern Santa Fe (“BNSF”)
       
      Operator of one of the largest railroad systems in North America 

      Berkshire Hathaway Energy (“BHE”)
       
      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, including home building and related financial services 

      Pilot Travel Centers (“Pilot”) (1)
       
      Operator of travel centers in North America and a marketer of wholesale fuel

      McLane Company (“McLane”)
       
      Wholesale distribution of food and non-food items to retailers and restaurants

      Service and retailing
       
      Providers of numerous services including shared aircraft ownership programs, aviation pilot training, electronic components distribution, various retailing businesses, including automobile dealerships and over-the-road trailer and furniture leasing
     
     ——————(1) Pilot’s statement of earnings and capital expenditure segment data in 2023 is for the eleven months ending December 31, 2023. Our earnings from Pilot in 2022 and for the month of January 2023 were determined under the equity method and included in earnings from non-controlled businesses. The tabular information that follows shows data of Berkshire’s business segments reconciled to amounts reflected in our Consolidated Financial Statements. Intersegment transactions are not eliminated from segment results when those transactions are considered in assessing the results of the respective segments and are not considered to be material. Furthermore, investment gains and losses, goodwill and indefinite-lived intangible asset impairments and amortization of certain acquisition accounting adjustments or certain other corporate income and expense items are not considered in assessing the financial performance of