Company: BRK-A
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000950170-25-025210
Chunk: 152

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1B
Chunk 152
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2

        Investment gains (losses):

        Equity securities:

        Change in unrealized investment gains (losses) during the year on   securities held at the end of the year
         
        $
        49,297

        $
        69,144

        $
        (63,120
        )

        Investment gains (losses) during the year on securities sold

        3,523

        2,698

        (3,927
        )

        52,820

        71,842

        (67,047
        )

        Fixed maturity securities:

        Gross realized gains

        28

        139

        134

        Gross realized losses

        (71
        )

        (86
        )

        (684
        )

        Other

        22

        2,960

        (302
        )

        $
        52,799

        $
        74,855

        $
        (67,899
        )
       
       Equity securities gains and losses include unrealized gains and losses from changes in fair values during the year on equity securities we still own, as well as gains and losses on securities we sold during the year. As shown in the Consolidated Statements of Cash Flows, our proceeds from sales of equity securities were approximately $143.4 billion in 2024, $40.6 billion in 2023 and $33.7 billion in 2022. In the preceding table, investment gains and losses on equity securities sold during the year represent the difference between the sales proceeds and the fair value of the equity securities sold at the beginning of the applicable year or, if later, the purchase date. Our taxable gains and losses on equity securities sold are generally the difference between the proceeds from sales and cost at the acquisition date. Equity securities sold produced taxable gains of $101.1 billion in 2024, $5.0 billion in 2023 and $769.0 million in 2022. Other investment gains included approximately $3.0 billion in 2023 from the remeasurement of our pre-existing 38.6% interest in Pilot through the application of acquisition accounting under GAAP. 

(7)Loans and finance receivables Loans and finance receivables are summarized as follows (in millions). 

        December 31,

        2024

        2023

        Loans and finance receivables, before allowances and discounts