|
|
|
|
|
|
|
| Revenues: | |||||
| Insurance premiums earned ............ | $14,306 | $ 5,481 | $ 4,761 | $ 4,118 | $ 957 |
| Sales and service revenues ............. | 5,918 | 4,675 | 3,615 | 3,095 | 2,756 |
| Interest, dividend and other investment income .......................................... | 2,314 | 1,049 | 916 | 778 | 629 |
| Income
from finance and financial products businesses ..................... |
125 |
212 |
32 |
25 |
27 |
| Realized investment gain (1) .......... | 1,365 | 2,415 | 1,106(2) | 2,484(3) | 194 |
| Total revenues ............................. | $24,028 | $13,832 | $10,430 | $10,500 | $ 4,563 |
| ===== | ===== | ===== | ===== | ==== |
| Earnings: | |||||
| Before realized investment gain .... | $ 671 | $ 1,277 | $ 1,197 | $ 884 | $670 |
| Realized investment gain (1) ........ | 886 | 1,553 | 704(2) | 1,605(3) | 125 |
| Net earnings ............................... | $ 1,557 | $ 2,830 | $ 1,901 | $ 2,489 | $795 |
| ==== | ==== | ==== | ==== | === |
| Earnings per share: | |||||
| Before realized investment gain ... | $ 442 | $ 1,021 | $ 971 | $ 733 | $565 |
| Realized investment gain (1) ........ | 583 | 1,241 | 571(2) | 1,332(3) | 105 |
| Net earnings ............................... | $ 1,025 | $ 2,262 | $ 1,542 | $ 2,065 | $670 |
| ==== | ==== | ==== | ==== | === |
| Year-end data (4): | |||||
| Total assets ................................. | $131,416 | $122,237 | $56,111 | $43,409 | $28,711 |
| Borrowings under investment
agreements and other debt (5) ....................... |
2,465 | 2,385 | 2,267 | 1,944 | 1,062 |
| Shareholders' equity .................... | 57,761 | 57,403 | 31,455 | 23,427 | 16,739 |
| Class A equivalent common
shares outstanding, in thousands ............... |
1,521 | 1,519 | 1,234 | 1,232 | 1,194 |
| Shareholders' equity per
outstanding Class A equivalent share ................ |
$ 37,987 | $ 37,801 | $25,488 | $19,011 | $14,025 |
| ===== | ===== | ===== | ===== | ===== |
_________________
(1) The amount of realized investment gain/loss for any
given period has no predictive value, and variations in amount from period to
period have no practical analytical value, particularly in view of the unrealized
appreciation now existing in Berkshire's consolidated investment portfolio.
(2) In November 1997, Travelers Group Inc. completed
its acquisition of Salomon Inc. A pre-tax realized gain of $678 million ($427
million after-tax) is included in 1997's results.
(3) In March 1996, The Walt Disney Company completed its
acquisition of Capital Cities/ABC, Inc. A pre-tax realized gain related to
this transaction of $2.2 billion ($1.4 billion after-tax) is included in 1996's
results.
(4) Year-end data for 1998 includes General Re Corporation
acquired by Berkshire on December 21, 1998.
(5) Excludes borrowings of finance businesses.