Berkshire Hathaway Inc. is an American multinational conglomerate headquartered in Omaha, Nebraska. Generating over 300 billion U.S. dollars in total revenue in 2022, Berkshire Hathaway is currently the leading global insurance company. Led by Warren Buffet–the world’s sixth richest billionaire as of July 2023 – the early years of the company focused on long-term investments in publicly traded companies, but now more frequently purchase whole companies. The company currently wholly owns operating businesses such as McLane Company, GEICO, and BNSF, among others.
How large is Berkshire Hathaway’s insurance business?
The value of health and life insurance premiums written by Berkshire amounted to almost six billion U.S. dollars in 2022, while the value of property and casualty premiums written by the company in that same year stood at approximately 71 billion U.S. dollars. In 2022, Berkshire Hathaway’s total headcount numbered more than 380,000 employees worldwide.
What other businesses do Berkshire Hathaway own
Berkshire Hathaway also possesses significant shareholdings of some of the largest companies in the world, such as Coca-Cola, American Express, and Apple, as well as large holdings in the major US airline carriers. In 2022, the company’s total assets reached approximately 950 billion U.S. dollars—more than half of which came from its segment for insurance and other segments. Other business segments of Berkshire Hathaway include operational divisions for investments, railroads, utilities and energy, as well as for finance and financial products. Berkshire’s diverse ownership ranges from retail companies to businesses that deal in home furnishing, confectionary, jewelry sales, newspaper publishing, and several regional electric and gas utilities.
