Business segment data

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Business segment data

Note 25. Business segment data

Our operating businesses include a large and diverse group of insurance, manufacturing, service and retailing businesses. We organize our reportable business segments in a manner that reflects how management views those business activities. Certain businesses are grouped together for segment reporting based upon similar products or product lines and marketing, selling and distribution characteristics, even though those business units are operated under separate local management. We acquired control of Pilot Travel Centers (“Pilot”) on January 31, 2023. Pilot’s revenues, costs and earnings are included in our Consolidated Financial Statements and is considered a reportable segment beginning February 1, 2023. In this presentation, the revenues and pre-tax earnings of the Pilot segment are for the two months ending March 31, 2023. Previously, our earnings from Pilot were determined under the equity method and are included in earnings from equity method investments. Revenues and earnings before income taxes by segment for the first quarter of 2023 and 2022 were as follows (in millions).

	First Quarter
	2023			2022
Revenues of Operating Businesses
Insurance:
Underwriting:
GEICO	$	9,626		$	9,554
Berkshire Hathaway Primary Group		3,961			3,118
Berkshire Hathaway Reinsurance Group		6,209			4,816
Investment income		2,392			1,364
Total insurance		22,188			18,852
BNSF		6,019			5,968
Berkshire Hathaway Energy (“BHE”)		6,451			6,020
Pilot Travel Centers (“Pilot”)		9,508			—
Manufacturing		18,289			18,421
McLane		13,059			12,515
Service and retailing		9,931			9,115
		85,445			70,891
Reconciliation of segments to consolidated amount
Corporate, eliminations and other		(52	)		(48	)
	$	85,393		$	70,843

	First Quarter
	2023			2022
Earnings Before Income Taxes of Operating Businesses
Insurance:
Underwriting:
GEICO	$	703		$	(178	)
Berkshire Hathaway Primary Group		268			92
Berkshire Hathaway Reinsurance Group		231			301
Investment income		2,385			1,361
Total insurance		3,587			1,576
BNSF		1,649			1,809
BHE		223			713
Pilot		136			—
Manufacturing		2,611			2,824
McLane		113			82
Service and retailing		1,221			1,135
		9,540			8,139
Reconciliation of segments to consolidated amount
Investment and derivative gains (losses)		34,758			(1,978	)
Interest expense, not allocated to segments		(114	)		(104	)
Equity method investments		688			339
Corporate, eliminations and other		(120	)		561
	$	44,752		$	6,957