|Berkshire Hathaway Inc.|
S&P 500 Component
(as Valley Falls Company)
|Headquarters||Omaha, Nebraska, U.S.|
|Key people||Warren E. Buffett
(Chairman & CEO)
Charles T. Munger
|Products||Property and casualty insurance, Diversified investments|
|Ticker Symbol||New York: BRK|
|SIC Codes||6311 6321 6331 6719|
440 Kiewit Plaza
Omaha, NE 68131
Tel: +1 402 346 1400
Fax: +1 402 346 3375
Berkshire Hathaway is a holding company head quartered in Nebraska in the United States. In 1962, Warren Buffet bought stock of the Berkshire Hathaway company and continued to buy more stock till he took full control of the Berkshire Hathaway company. It owes subsidiaries in various businesses including insurance businesses. Warren Buffet is nation’s second wealthiest man and CEO of Berkshire Hathaway.
GEICO is the third largest auto insurance company in the United States which is subsidiary of Berkshire Hathaway. The company offers automobile insurance to individuals in overall 50 states in the U.S. and District of Columbia. The other known subsidiaries include General re and Berkshire Hathaway reinsurer. These subsidiaries underwrite property and casualty insurance. Some more subsidiaries that underwrite property and casualty insurance are National Indemnity Company, Medical Protective Company, U.S. Liability Insurance Company, Central States Indemnity Company.
General re is a holding company with subsidiaries in 55 cities and provides insurance and reinsurance all over the world. It provides property or casualty insurance and reinsurance, life or health insurance or reinsurance, underwriting management services.
Berkshire also has stakes in other companies like Buffalo News newspaper, Fruit of the Loom (FOL), Shaw industries, Mc Lane Company and candy and diamond companies. Berkshire Hathaway holds stocks of many private and public companies which include energy, manufacturing, retail and finance.
On the New York exchange, Berkshire Hathaway has the most expensive cost of shares. Berkshire Hathaway showed low performance in 2009 in the stock market.
However, in March 2011, Berkshire Hathaway took over Lubrizol (LZ) which is based in Ohio and produces lubricants for big engines. The effect was seen by Lubrizol rising high at 27% on NYSE reaching a record of $134.
|Warren E Buffett, Chairman and CEO||Charlotte Guyman, Director|
|Charles T Munger, Vice Chairman||Donald R Keough, Director|
|Howard G Buffett, Director||Thomas S Murphy, Director|
|Susan L Decker, Director||Ronald L Olson, Director|
|William H Gates III, Director||Walter Scott Jr, Director|
|David S Gottesman, Director|