Berkshire Hathaway 2011 Annual Report Download - page 62

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Notes to Consolidated Financial Statements (Continued)
(21) Business segment data (Continued)
Goodwill
at year-end
Identifiable assets
at year-end
2011 2010 2011 2010 2009
Operating Businesses:
Insurance group:
GEICO ............................................... $ 1,372 $ 1,372 $ 27,253 $ 25,631 $ 22,996
General Re ............................................ 13,532 13,532 28,442 29,196 30,894
Berkshire Hathaway Reinsurance and Primary Groups .......... 607 589 104,913 104,383 102,787
Total insurance group ........................................ 15,511 15,493 160,608 159,210 156,677
BNSF .................................................... 14,803 14,803 55,282 53,476 —
Finance and financial products ................................. 1,032 1,031 23,919 24,692 24,027
Marmon .................................................. 727 709 10,597 10,047 9,768
McLane Company .......................................... 155 155 4,107 4,018 3,505
MidAmerican .............................................. 5,253 5,281 42,039 40,045 39,437
Other businesses * .......................................... 15,732 11,534 34,994 24,144 22,888
$53,213 $49,006 331,546 315,632 256,302
Reconciliation of segments to consolidated amount:
Corporate and other ..................................... 7,888 7,591 6,845
Goodwill .............................................. 53,213 49,006 33,972
$392,647 $372,229 $297,119
*Includes Lubrizol, acquired in 2011.
Insurance premiums written by geographic region (based upon the domicile of the insured or reinsured) are summarized
below. Dollars are in millions.
Property/Casualty Life/Health
2011 2010 2009 2011 2010 2009
United States ............................................ $22,253 $21,539 $19,280 $3,100 $3,210 $1,095
Western Europe .......................................... 4,495 3,377 5,236 880 945 761
All other ................................................ 1,089 918 737 1,090 927 774
$27,837 $25,834 $25,253 $5,070 $5,082 $2,630
In 2011, 2010 and 2009, premiums written and earned attributable to Western Europe were primarily in the United
Kingdom, Germany, Switzerland and Luxembourg. In 2011, 2010 and 2009, property/casualty insurance premiums earned
included approximately $2.9 billion, $2.4 billion and $4.6 billion, respectively, from Swiss Reinsurance Company Ltd. and its
affiliates. Life/health insurance premiums written and earned in the United States in 2011 and 2010 included approximately $1.5
billion and $2.1 billion, respectively, from a single contract with Swiss Re Life & Health America Inc., an affiliate of Swiss
Reinsurance Company Ltd.
Consolidated sales and service revenues in 2011, 2010 and 2009 were $72.8 billion, $67.2 billion and $62.6 billion,
respectively. Approximately 86% of such amounts in 2011 were in the United States compared with approximately 88% in 2010
and 90% in 2009. The remainder of sales and service revenues were primarily in Europe and Canada. In 2011, consolidated
sales and service revenues included $11.6 billion of sales to Wal-Mart Stores, Inc. which were primarily related to McLane’s
wholesale distribution business.
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