Company: BRK-A
Filing Date: 2025-03-25
Form Type: PX14A6G
Source: 0001214659-25-004756
Chunk: 4

Company: BERKSHIRE HATHAWAY INC
Filing Date: 2025-03-25
Form: PX14A6G
Chunk 4
---
assets. In 2023, Berkshire increased its investments in fossil fuels, while the majority of U.S. Property and Casualty insurers
reduced investments in oil, gas, and coal.

Berkshire’s continued investment in fossil fuels threatens the
Company’s long-term profitability by exacerbating climate-related disasters, which contribute to losses and a shrinking private
market for homeowner’s insurance. In its 10-K, Berkshire confirms that, “extreme weather events may produce losses affecting
our insurance operations as their primary business is to monitor, assess and price risk, including climate-related risk...”
Berkshire’s Property & Casualty reinsurance business has seen losses increase from $9.8 billion in 2021 to $12.6 billion in
2023, and Berkshire’s Primary Insurance Group saw losses increase from $8.1 billion to $11.2 billion in the same time frame.

_____________________________

https://assets.bbhub.io/professional/sites/24/BNEF-Bank-Financing-Report-Summary-2023.pdf

https://investinginclimatechaos.org/data

https://www.ceres.org/resources/reports/changing-climate-insurance-industry?gad_source=1&gclid=Cj0KCQiA4-y8BhC3ARIsAHmjC_GnHFUmn8FjiW52AJQj_xMeE0cGJGkg9iZFLYz98eF7um06WvG02UEaAhWOEALw_wcB,
p.20

https://www.wsj.com/us-news/climate-environment/the-two-big-insurers-still-betting-on-fossil-fuels-fa31bb15

https://www.berkshirehathaway.com/2023ar/2023ar.pdf, p.
K-27

https://www.berkshirehathaway.com/2023ar/2023ar.pdf, p.K-38,
K-39, K-40

| 3 |

| 2025                                                 
 Proxy Memo                                           
 Berkshire                                            
 Hathaway Inc | Disclose Clean Energy Financing Ratio |

The rise in climate-related disasters is leading Berkshire to remove
policies in high-risk markets. In 2023, Berkshire‘s AmGUARD announced 50,000 non-renewals in California. Berkshire
also notably did not renew its reinsurance of Florida Citizens Property Insurance Corporation, a Florida property insurer of last resort.
While exiting markets