{ "schemaVersion": 1, "organisationId": "O-ebbce6f2e85c4a41be6ed33ff31ec2bf", "slug": "berkshire-hathaway", "name": "BERKSHIRE HATHAWAY INC", "updatedAt": "2026-10-04T10:21:40.184714Z", "sections": [ { "type": "OVERVIEW", "text": "Berkshire Hathaway Inc. is a diversified holding company whose subsidiaries operate across insurance and reinsurance, freight rail, utilities and energy, manufacturing, services, retail, wholesale distribution and travel centers. Its businesses include GEICO, BNSF Railway, Berkshire Hathaway Energy, McLane and Pilot travel centers; operations span the United States and North America, while its insurance and reinsurance businesses provide coverage worldwide. [P34887057][T9905961][P51914794]\n\nFor the year ended December 31, 2025, Berkshire reported revenue of $371.444 billion and approximately 387,800 employees worldwide. The company describes its operating model as highly decentralized, with the CEO responsible for significant capital allocation and investment decisions; this is a stated management approach rather than a formal mission statement. [T10776026][P51914794][P21378057]\n[P34887057][T9905961][P51914794][T10776026][P21378057]", "updatedAt": "2026-10-04T10:21:40.184714Z" }, { "type": "PRODUCTS", "text": "Berkshire Hathaway’s insurance products include GEICO’s private-passenger auto policies, as well as coverage for motorcycles, recreational vehicles, boats and commercial vehicles. Other insurance operations offer commercial auto, workers’ compensation, property, general and professional liability, and healthcare liability coverage; Berkshire Hathaway Reinsurance Group provides property, casualty, life and health reinsurance. GEICO accounted for about 50% of Berkshire’s insurance underwriting premiums earned in 2025. [P111780400][P56629359][P41821425][P111655077][T13725180]\n\nBNSF provides freight rail transportation for consumer, industrial, agricultural and energy products, including coal; its network spans more than 32,500 route miles across 28 U.S. states and three Canadian provinces. Berkshire Hathaway Energy includes regulated electric utilities and natural-gas pipeline and storage operations. [P31541359][P1766531][P58988825][P95433966]\n\nManufacturing and industrial offerings include Marmon electrical wire and cable, copper tubing, HVAC-R fittings and systems, industrial drives, rail components, railcars and tank containers; Shaw carpet, carpet tile and hard-surface flooring; Benjamin Moore coatings; and Acme Brick clay brick and concrete block. Services include NetJets fractional aircraft ownership, leasing, prepaid flight cards and aircraft management, and FlightSafety pilot and aviation-technical training using full-flight simulators. McLane provides retail distribution. [P85642125][P47930642][P2825234][P120509278][P114640757][P25490790][P19358127][P98480550][P18641703][P80537750][P112538142][P85054792][P109929175][P10053611][P46706960]\n[P111780400][P56629359][P41821425][P111655077][T13725180][P31541359][P1766531][P58988825][P95433966][P85642125][P47930642][P2825234][P120509278][P114640757][P25490790][P19358127][P98480550][P18641703][P80537750][P112538142][P85054792][P109929175][P10053611][P46706960]", "updatedAt": "2026-10-04T10:21:40.184714Z" }, { "type": "GEOGRAPHY", "text": "In FY2025, 87% of Berkshire Hathaway’s consolidated sales, service and leasing revenue was attributable to the United States; the remaining 13% was primarily from Europe, Asia-Pacific and Canada. The company does not disclose exact revenue shares by country or those other regions. For railroad, utilities and energy revenue, 96% was attributable to the United States. [P17335129]\n\nIts geographic footprint includes insurance operations in Germany, Ireland, the U.K., Australia and South Africa, with additional international offices and branches in Canada, New Zealand, and countries in Asia and Europe. BNSF’s routes serve U.S. markets and parts of Canada and Mexico. Berkshire Hathaway Energy includes electricity operations in northeast England and Alberta, Canada; other subsidiaries operate internationally, including FlightSafety training locations in countries such as Brazil, France, Japan and Singapore. [P26832696][P77203947][P111518499][P68342320][P109929175]\n\nAt year-end 2025, about 91% of consolidated property, plant and equipment and equipment held for lease was in the U.S.; most of the remainder was in the U.K. and Canada. Berkshire and its operating subsidiaries employed approximately 387,800 people worldwide, with no geographic employee breakdown reported. The parent company is headquartered in Omaha, Nebraska. [P17335129][D360598][https://www.berkshirehathaway.com/?from=companyhomepages.com]\n[P17335129][P26832696][P77203947][P111518499][P68342320][P109929175][D360598][https://www.berkshirehathaway.com/2025ar/202510-k.pdf][https://www.berkshirehathaway.com/2025ar/2025ar.pdf][https://www.berkshirehathaway.com/?from=companyhomepages.com]", "updatedAt": "2026-10-04T10:21:40.184714Z" }, { "type": "SEGMENTS", "text": "Berkshire Hathaway’s FY2025 reporting identifies seven operating segments. The percentages below are each segment’s share of the operating-segment total: revenue shares use $368.4 billion in total revenue, and pretax earnings shares use $51.7 billion in total pretax earnings. These measures exclude reconciliation items such as investment gains and corporate/eliminations/other. [P10300127][T9776160]\n\nInsurance includes insurance underwriting and investment activities, including GEICO, BH Primary and BHRG; it represented 28.3% of operating-segment revenue and 47.8% of pretax earnings. [P111780400][T13725180] BNSF provides freight railroad transportation and accounted for 6.4% of revenue and 13.9% of pretax earnings. [P1766531][T6615569] BHE comprises energy businesses, including utilities and natural-gas pipelines; it contributed 7.1% of revenue and 4.5% of pretax earnings. [P12017230][T11069330]\n\nManufacturing comprises diversified manufacturing businesses and represented 21.3% of revenue and 24.3% of pretax earnings. [P53073773][P47991158][T4642316] Service and retailing includes service and retail businesses, including home-furnishings retail, and contributed 11.6% of revenue and 7.8% of pretax earnings. [P88560128][P13619679][T4642316] McLane is a wholesale distributor to convenience stores and other retailers; it accounted for 13.8% of revenue and 1.3% of pretax earnings. [P46706960][T1467673] Pilot operates travel centers and related fuel businesses and contributed 11.5% of revenue and 0.4% of pretax earnings. [P68837204][T1467673]\n[P10300127][T9776160][P111780400][T13725180][P1766531][T6615569][P12017230][T11069330][P53073773][P47991158][T4642316][P88560128][P13619679][P46706960][T1467673][P68837204]", "updatedAt": "2026-10-04T10:21:40.184714Z" }, { "type": "HISTORY", "text": "Berkshire Hathaway traces its origins to textile mills founded in New England: Oliver Chace established Valley Falls Company in Rhode Island in 1839, and Berkshire Hathaway Inc. was formed in 1955 through the merger of Berkshire Fine Spinning Associates and Hathaway Manufacturing. [https://history.textiles.ncsu.edu/textile-companies/berkshire-hathaway-co/][https://www.berkshirehathaway.com/letters/1977.html] Warren Buffett’s investment partnership took control of Berkshire in 1965, when it was still a struggling textile manufacturer. In 1967, Berkshire acquired National Indemnity and National Fire & Marine, marking insurance as a foundation for its subsequent growth. [https://berkshirehathaway.com/SpecialLetters/WEB%20past%20present%20future%202014.pdf][https://www.berkshirehathaway.com/letters/1977.html]\n\nBerkshire broadened its holdings over the following decades: Buffett-controlled Blue Chip Stamps acquired See’s Candies in 1972; Berkshire completed its acquisition of the remaining GEICO shares in 1996 and merged with reinsurer General Re in 1998. [https://berkshirehathaway.com/letters/2007ltr.pdf][https://berkshirehathaway.com/news/aug1496.html][https://berkshirehathaway.com/news/dec2198.html] It acquired the remaining shares of BNSF in 2010, Precision Castparts in 2016, and Alleghany in 2022. [https://berkshirehathaway.com/news/nov0309.pdf][https://berkshirehathaway.com/news/feb1210.pdf][https://berkshirehathaway.com/news/jan2916.pdf][https://www.berkshirehathaway.com/news/oct1922.pdf]\n\nIn 2018, Gregory Abel became vice chairman for non-insurance operations. Berkshire announced in 2025 that Abel would become president and chief executive officer effective January 1, 2026, with Buffett remaining chairman. In January 2026, Berkshire announced the completion of its acquisition of Occidental’s OxyChem. 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