Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 78

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 78
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31, 2024 and 2023, the Company owned 55,430 shares in Markel Group Inc. (Markel) valued at $95.7 million and $78.7 million, respectively. The Chief Executive Officer of Markel, Mr. Thomas S. Gayner, is a member of the Company’s Board of Directors. As of December 31, 2024, the Company owned 422 Class A and 482,945 Class B shares in Berkshire Hathaway valued at $506.3 million, which exceeded 5% of the Company’s total assets.The Company purchased $5.0 million, $4.6 million, and $42.1 million, of which $1.5 million was settled in January 2023, of marketable equity securities during 2024, 2023 and 2022, respectively.During 2024, 2023 and 2022, the gross cumulative realized net gains from the sales of marketable equity securities were $20.2 million, $13.0 million and $58.1 million, respectively. The total proceeds from such sales were $23.5 million, $62.0 million and $102.0 million, respectively. The net gain (loss) on marketable equity securities comprised the following:Year Ended December 31(in thousands)202420232022Gain (loss) on marketable equity securities, net$181,295 $138,067 $(139,589)Less: Net (gains) losses in earnings from marketable equity securities sold and donated(6,010)(5,475)27,786 Net unrealized gains (losses) in earnings from marketable equity securities still held at the end of the year$175,285 $132,592 $(111,803)Investments in Affiliates.  As of December 31, 2024, the Company’s healthcare subsidiary held investments in several affiliates that GHG actively manages; GHG held a 40% interest in each of the following affiliates: Residential Home Health Illinois, Residential Hospice Illinois, Mary Free Bed at Home, and Allegheny Health Network (AHN) Healthcare at Home. During the first quarter of 2022, GHG invested an additional $18.5 million in the Residential Home Health Illinois and Residential Hospice Illinois affiliates to fund their acquisition of certain home health and hospice assets of the NorthShore University HealthSystem. The transaction diluted GHG’s interest in