Berkshire Hathaway, Inc.

Berkshire Hathaway, Inc.

Berkshire Hathaway, Inc.

Overview
Date Founded

1839

Headquarters

3555 Farnam Street, Omaha, NE, 68131, USA

Type of Company

Public

Employees (Worldwide)

377K

Industries

Other Insurance Services
Reinsurance
Railroads
Holding Companies
Alternative Energy

Company Description

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and domestic real estate brokerage and brokerage franchisor. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Senior Vice President & Chief Financial Officer

Vice President & Controller

Director-Internal Auditing

Treasurer

Chief Executive Officer, Specialty-Insurance Unit

Director & Vice Chairman, Insurance Operations

Director & Vice Chairman, Non-Insurance Operations

Homeowner Programs

Managing Partner, Berkshire Hathaway Homeservices Professional Realty

Board of Directors

President & Chief Executive Officer at Berkshire Hathaway, Inc.

Chairman & Chief Executive Officer at Howard G. Buffett Foundation

Co-Founder at Microsoft Corporation

Chief Executive Officer at NBCUniversal Media LLC

Founder at First Manhattan Co.

Executive Chairman at Berkshire Hathaway Energy Company

Locomotive Engineer at Burlington Northern Santa Fe LLC

Former Chief Executive Officer at ABC, Inc.

Fund Advisor at Legg Mason Partners Fund Advisor LLC

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Berkshire Hathaway, Inc.
Owners & Shareholders
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The Vanguard Group is an American investment management company based in Malvern, Pennsylvania, that manages approximately $3.4 trillion[1] in assets. It is the largest provider of mutual funds and now the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock, with about $451 billion in ETF assets under management, as of March 2015.[3] It offers mutual funds and other financial products and services to retail and institutional investors in the United States and abroad. Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors,[4] the popularization of index funds generally,[5] and driving costs down across the mutual fund industry.

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SSgA Funds Management (SSgA FM) uses quantitative methods, as well as an industry-specific bottom-up investment approach to select stocks. The firm's mutual funds and institutional portfolios follow the same management style. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. cash and real estate. ^The firm's Active, Enhanced & Passive are designed to outperform relative to benchmarks while maintaining appropriate risk exposure. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies.SSgA FM's Active & Passive Debt strategies seek to meet clients’ objectives by controlling risk, while diversifying sources of excess return. The firm offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The strategies typically use a stratified sampling methodology to build portfolios with the same characteristics as the index using quantitative and fundamental methods.^SSgA FM's cash strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities.SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seeks to position assets among major investment categories. The goal is to manage risk and enhance returns.SSgA FM is an advisor to funds that employ both passive and actively managed REITs investing strategies. They also offer direct real estate investment strategies.SSgA FM is an advisor to a fund that employs senior loan investing strategies. An unaffiliated sub-advisor directs the investments of the fund. SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The managed futures strategy seeks to capture returns tied to global macroeconomic trends in the commodity futures markets, taking both long and short positions. The fixed income strategy is designed to generate interest income and capital appreciation to add diversification to the returns generated by the managed futures strategy.SSgA FM's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research. The strategies make direct or co-investments across sectors, as well as fund investments.

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BlackRock Fund Advisors offers active, enhanced and index strategies across markets and asset classes. The firm's products are offered in a variety of structures including separate accounts, mutual funds, iShares (ETFs) and other pooled investment vehicles. BlackRock Fund Advisors also offers risk management, advisory and enterprise investment system services to institutional investors through BlackRock Solutions.

Recent Transactions
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Berkshire Hathaway, Inc., HomeServices of America, Inc. purchase Ebby Halliday Real Estate, Inc.

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Summit Partners LP, Parts Town LLC purchase 3Wire Group, Inc. from Berkshire Hathaway, Inc.

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Berkshire Hathaway, Inc. purchases Rubina Real Estate GmbH

Insider Transactions
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Transaction Advisors
Accountant

Advised onBerkshire Hathaway, Inc. purchases General Re Corporation

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Precision Castparts Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Burlington Northern Santa Fe Corp.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Advisor

Partner at Munger, Tolles & Olson LLP

Advisor

Professional at Berkshire Hathaway HomeServices Fox & Roach Realtors

Clients
AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

Loews Corporation is one of the largest diversified holding companies in the United States, with five operating subsidiaries: CNA Financial Corporation, one of the largest U.S. commercial property-casualty insurers; Diamond Offshore Drilling, Inc., one of the world’s largest offshore drilling companies; HighMount Exploration & Production LLC, a domestic natural gas exploration and production company; Boardwalk Pipeline Partners, LP, an operator of interstate natural gas pipeline systems; and Loews Hotels, one of the country’s top luxury lodging companies.

Lockheed Martin Corp. engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment researches, designs, developst, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in March 1995 and is headquartered in Bethesda, MD.

Key Stats and Financials As of 2017
Market Capitalization
$470B
Total Enterprise Value
$479B
Earnings Per Share
$18.22
Revenue
$241B
EBITDAMargin
14.4%
Enterprise Value Sales
1.99x
Enterprise Value EBITDAOperating
13.79x
TEVNet Income
10.67x
Debt TEV
0.21x
Total Debt
$103B
Total Equity
$352B
EBITDA
$34.8B
Net Profit
$44.9B
Three Year Compounded Annual Growth Rate Of Revenue
7.4%
Five Year Compounded Annual Growth Rate Of Revenue
8.46%
Non-Profit Donations & Grants
$100K - $1M
2002
$100K - $1M
2001
$200K - $1M
2000
Investments
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Evolution Systems Ltd. provides software solutions for the telecommunications industry. Its smart energy solution is a fully-automated software solution that reduces energy consumption on the cellular tower level by deactivating the redundant capacity of base stations during low traffic demand. The company was founded by Roy Morad and Idan Cohen in 2011 and is headquartered in Ramat-Gan, Israel.

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H.J. Heinz Co. used to produced processed food products. Its products included ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products. H.J. Heinz was founded by Henry John Heinz in 1869 and was headquartered in Pittsburgh, PA.

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Reverse Medical Corp. develops medical devices. The company was founded by Jeffrey Valko and Michael R. Henson in 2007 and is headquartered in Irvine, CA.

Suppliers
La-Z-Boy Incorporated Other Consumer Durables | Monroe, MI

La-Z-Boy, Inc. is a manufacturer, marketer, importer, distributor and retailer of upholstery products. It also imports, distribute and retail accessories and casegoods furniture products. The company operates through its segments: Upholstery, Casegoods and Retail. The Upholstery segment manufactures or imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas. The Casegoods segment includes bedroom sets, dining room sets, entertainment centers and occasional pieces. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through the retail network. La-Z-Boy was founded by Edward M. Knabusch and Edwin J. Shoemaker in 1941 and is headquartered in Monroe, MI.

Leggett & Platt, Inc. Industrial Machinery & Manufacturing | Carthage, MO

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components; and products among homes, offices, automobiles, and commercial aircraft. It operates through the following business segments: Residential Products, Industrial Products, Furniture Products, and Specialized Products. The Residential Products segment comprises of bedding, fabric and carpet cushion, and machineries. The Industrial Products segment includes drawn wire, wire products, and steel rod. The Furniture Products segment consists of home furniture, work furniture, and consumer products. The Specialized Products segment offers automotive, aerospace, and commercial vehicle products. The company was founded J. P. Productsand C. B. Platt in 1883 and is headquartered in Carthage, MO.

Gogo, Inc. Wireless Telecommunications | Itasca, IL

Gogo, Inc. engages in the provision of global aero communications services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded on December 31, 2009 and is headquartered in Chicago, IL.

Competitors
The Home Depot Retail: Home Improvement - Atlanta , GA

Home Depot, Inc. is a home improvement retailer which engages in the sale of building materials and home improvement products. Its producst include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

Chevron Corp. Oil & Gas - Wilmington, DE

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

USAA, Inc. Insurance Brokerage - Phoenix, Arizona

United Services Automobile Association provides financial products and services to the military community. It offers investment solutions comprising mutual funds, individual retirement accounts, rollovers and transfers, 529 college savings plans, youth investing products, managed portfolios, annuities, stocks, bonds and exchange-traded funds. The firm provides retirement planning products consisting of rollovers and transfers, financial planning, wealth management and trust services. The company was founded in 1922 and is headquartered in San Antonio, TX.

Awards & Honors
Rank #4
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #4
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine