Berkshire Hathaway, founded by Warren Buffett on 1956, is a world-renowned insurance and diversified investment group headquartered in the United States. The company mainly engages in property/accident insurance and reinsurance business through subsidiaries such as National Insurance Company, GEICO and reinsurance giant General Cologne Reinsurance Company. Berkshire Hathaway owns shares in Helzberb Diamonds, a jewelry distribution chain, See's Candies, Inc., Feian International, which is engaged in flight training, and H.H.Brown and Dexter, a shoe-making company. Berkshire Hathaway also holds shares in American Express, Coca-Cola, Gillette, Washington Post, Wells Fargo and Central American Energy Company.
Berkshire Hathaway is a company mainly engaged in insurance business and has commercial activities in many other fields. The most important business is property and disaster insurance based on direct insurance and reinsurance amount. Berkshire Hathaway has many branches, including GEICO General Reinsurance Company, the sixth largest auto insurance company in the United States, and one of the four largest reinsurance companies in the world.
GEICO, a wholly-owned subsidiary acquired by 1996, is the largest direct selling insurance company in the United States, the sixth largest private passenger car insurance company and the tenth largest property/accident insurance company in the United States, with more than 4.7 million policyholders and 7.3 million insured cars. 1In July, 1998, International Dairy Queen Company became a wholly-owned subsidiary of the Group. The company operates 6,000 franchise stores in the United States, Canada and other countries, dealing in specialty hamburgers, hot dogs, various milk desserts and drinks.
[Editor] History of Berkshire Hathaway Company
If you gave warren edward buffett $ 1956, it would be about $270 million today. This is just after-tax income!
Forty years ago, Berkshire Hathaway was a textile factory on the verge of bankruptcy. Under the careful management of Warren Buffett, the company's net assets increased from $22.887 million in 1964 to $200 1 62 billion at the end of the year. The share price rose from $7 to $90,000.
[Editor] The current situation of Berkshire Hathaway Company
Today, Berkshire is a far-reaching investment holding company. Among all insurance companies in the world, the net assets of shareholders rank first. Among the Fortune 500 companies, Berkshire ranks fourth in book value. Berkshire is an insurance kingdom with stocks, bonds, cash and silver, and it also owns many industrial companies.
No company classification is suitable for Berkshire. Berkshire's business scope includes insurance, candy industry, media, diversification, non-bank finance, investment, different companies or joint ventures. Berkshire is a mixed company, and it is not difficult to see from its business scope.