Berkshire Hathaway Inc. is an American multinational conglomerate headquartered in Omaha, Nebraska. Generating over 276 billion U.S. dollars in total revenue in 2021, Berkshire Hathaway is currently the leading global insurance company. Led by Warren Buffet–the world’s seventh richest billionaire as of January 2022 – 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?
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 2021, the company’s total assets reached approximately 959 billion U.S. dollars—more than half of which came from its segment for insurance and others. 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.
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