Berkshire Hathaway Inc
berkshirehathaway.comWhat Do They Do?
Provides insurance and reinsurance to people and organizations, and runs freight rail, utility and energy operations alongside manufacturing, service and retail businesses.
10-K for FY2025, filed Mar 2, 2026Berkshire Hathaway Inc. (“Berkshire,” “Company” or “Registrant”) is a holding company owning subsidiaries engaged in numerous diverse…View ↗
In direct or primary insurance activities, the insurer assumes the risk of loss from people or organizations that are directly subject to…View ↗
GEICO—GEICO is headquartered in Maryland. GEICO’s insurance subsidiaries include Government Employees Insurance Company and several other…View ↗
How Do They Make Money?
$371.4B
-
10-K for FY2025, filed Mar 2, 2026
$371.4B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Insurance and Other
|
87%
FY2022: 83%
|
Insurance and Other, FY2025
$321.7B Sources
|
|
Railroad, Utilities and Energy
|
13%
FY2022: 17%
|
Railroad, Utilities and Energy, FY2025
$49.7B Sources
|
Who Are Their Customers?
Individuals buy GEICO policies mainly through the internet or by phone, with some sales through agencies; other insurance buyers use agents, brokers and managing general agents. Product customers buy directly or through wholesale and retail channels.
10-K for FY2025, filed Mar 2, 2026GEICO—GEICO is headquartered in Maryland. GEICO’s insurance subsidiaries include Government Employees Insurance Company and several other…View ↗
The NICO Primary Group (“NICO Primary”) underwrites commercial auto and general liability insurance on an admitted basis and on an excess…View ↗
Berkshire Hathaway Specialty Insurance Group (“BHSI”) offers commercial property and casualty, executive and professional, and various…View ↗
Our sales contracts provide customers with products directly or through wholesale and retail channels in exchange for consideration…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2025 and turned 7 cents into free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 10, 2026
$25.7BView ↗
- ▲ +107%
- vs $12.4B in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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May 7, 2026
Charles Chang is set to succeed Marc Hamburg as CFO
The succession was scheduled for June 1, 2026.
Sources
8-K, filed May 7, 2026
(c) As previously announced, Charles C. Chang will succeed Marc D. Hamburg as Berkshire’s Chief Financial Officer on June 1, 2026. In his…View ↗
Growing. Revenue grew 34% in 4 years, from $276.2B in FY2021 to $371.4B in FY2025, about 8% a year.
Who Do They Compete With?
Competes with State Farm, Progressive, Allstate, and USAA
10-K for FY2025, filed Mar 2, 2026GEICO competes for private passenger automobile insurance customers in the preferred, standard and non-standard risk markets with other…View ↗
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