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Topic: Berkshire Hathaway

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In the News (Wed 22 May 19)

  Boston.com / Business / Berkshire Hathaway posts earnings rise
Berkshire's pretax underwriting profit was $402 million in the third quarter and $1.1 billion for the first nine months of the year, the company said.
Overall, Berkshire earned $5.77 billion, or $3,755 a share in the first nine months of this year, compared with $3.10 billion, or $2,024 a share in the same period in 2002.
Berkshire Hathaway reported after the close of trading on the New York Stock Exchange, which saw its Class A shares end unchanged at $80,000.
www.boston.com /business/articles/2003/11/07/berkshire_hathaway_posts_earnings_rise   (389 words)

 Definition of Berkshire Hathaway
Berkshire Hathaway (NYSE: BRKa (http://www.nyse.com/about/listed/lcddata.html?ticker=BRKa)) is a company headquartered in Omaha, Nebraska, USA, that oversees and manages a number of subsidiary companies.
Berkshire Hathaway holds yearly meetings that are heavily attended by these investors, many of them families.
Berkshire Hathaway is notable in that it never allows its shares to split.
www.wordiq.com /definition/Berkshire_Hathaway   (426 words)

 My Favorite Stock: Berkshire Hathaway
The largest portion of Berkshire's insurance activities is reinsurance, which is a vehicle bought by insurers to hedge their capital exposure in the event of a major catastrophe.
Berkshire's capital base of over $60 billion is more than 10 percent of the capital base of the entire insurance industry and more than 50 percent greater than the combined capital of its closest three competitors.
Berkshire took a few hits in the past several years, but they were only glancing blows because they represented such a minuscule percentage of its massive capital base.
www.thebullandbear.com /articles/2003/0503-leeb.html   (1335 words)

 Berkshire Hathaway to buy underwriting co. - Boston.com
Berkshire Hathaway Inc. on Wednesday announced that it is buying Applied Underwriters, a San Francisco-based underwriting company.
Berkshire Hathaway, the Omaha investment vehicle run by billionaire Warren Buffett, said in a news release that Applied Underwriters will continue to be run by its founders, Chief Executive Officer Sidney Ferenc and Chief Operating Officer Steven Menzies.
Berkshire Hathaway shares rose $100 Wednesday to close at $87,800 on the New York Stock Exchange.
www.boston.com /business/articles/2006/02/08/berkshire_hathaway_buys_underwriting_co   (423 words)

 NYSE Group, Inc. > About NYSE Group > Listed Companies > Listed Company Directory Berkshire Hathaway Inc
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities.
Berkshire's insurance businesses provide insurance and reinsurance of property and casualty risks worldwide and also reinsure life, accident and health risks worldwide.
Berkshire's insurance underwriting operations are comprised of sub-groups: GEICO and its subsidiaries; General Re and its subsidiaries; Berkshire Hathaway Reinsurance Group (BHRG), and Berkshire Hathaway Primary Group.
www.nyse.com /about/listed/brka.html   (138 words)

 Berkshire Hathaway 2001 - Volume 1
Berkshire is indicating to reinsurance buyers its disciplined willingness to write fewer contracts and walk away from business if it simply doesn't make fundamental financial sense.
Berkshire's ability to commit large amounts of capital, and quickly, is a leg up on competition in a way that is impossible to quantify but nonetheless very real.
In short, we view Berkshire Hathaway as a phenomenon that produces low-cost cash, and lots of it, to be invested at high rates of return for long periods of time.
www.oakvaluefund.com /berk01v1.htm   (5091 words)

 Berkshire Hathaway FAQ
Berkshire is a holding company that owns many wholly owned subsidiaries, which operate in a variety of industries.
Berkshire also enjoys the further advantage of not having to worry about being judged on it quarter to quarter performance like mutual funds, they are free to build the company for the long run and ignore Wall Street.
Since Berkshire stock will make up virtually my entire estate and will account for a similar portion of the assets of either my wife or the foundation for a considerable period after my death, you can be sure that I have thought through the succession question carefully.
www.focusinvestor.com /brkfaq.htm   (2536 words)

 Berkshire Hathaway Negative Coupon Bond Case Study
Berkshire said it planned to borrow $250 million under the deal, with an additional $37.5 million available to cover overallotments if the deal sells well.
Berkshire is offering a lower conversion premium, which is good for the buyer, while demanding in return an effective negative interest rate.
Berkshire Hathaway is one of only eight companies rated ''triple-A'' by Moody's Investors Service and Standard and Poor's.
pages.stern.nyu.edu /~igiddy/cases/berkshirecase.htm   (1431 words)

 The Seattle Times: Business & Technology: Berkshire Hathaway scraps bank plan
Billionaire Warren Buffett's Berkshire Hathaway pulled an application to open a so-called industrial loan company due to the cost of computers it would have to purchase to meet federal banking requirements.
Berkshire's decision came after the FDIC announcement last week to impose a six-month moratorium on approval of industrial bank applications.
The Berkshire bank was intended to service accounts for customers of R.C. Willey Home Furnishings, a Berkshire-owned furniture chain based in Salt Lake City, and Big O Tires, a Denver-based car-tire and auto-repair franchise.
seattletimes.nwsource.com /html/businesstechnology/2003171408_berkshirebank03.html   (228 words)

 Berkshire Hathaway's profit up nearly fivefold - Earnings - MSNBC.com   (Site not responding. Last check: 2007-10-13)
Berkshire earned $2.77 billion, or $1,797 per share, for the quarter ended Sept. 30, versus $586 million, or $381 per share, in the year-ago period, according to Berkshire's news release.
Berkshire's insurance group, which includes GEICO, reinsurance giant General Re and several other firms, reported pretax profits of $2.53 billion in the third quarter, compared to a pretax loss of $897 million in the year-ago period.
Berkshire had $42.25 billion cash on hand at the end of the quarter, up slightly from $42.07 billion at the end of the second quarter.
www.msnbc.msn.com /id/15587861   (756 words)

 Berkshire Hathaway Still Selling At A Discount - SeekingAlpha
In summary, the profit growth of the operating businesses side of Berkshire Hathaway is accelerating and, over the past 10 years, places it in the very top tier of large American businesses.
If Berkshire’s operating businesses were a separate company, with 2006 EBIT of approximately $6 billion, it would be worth at least $80 billion (a 13.3 multiple).
We believe Berkshire’s non-insurance operations are worth at least $50,000-$60,000 per share, plus $80,000 per share for the insurance businesses (valuing them as the sum of the cash, marketable equities and fixed income securities, giving no value to the operating profits of these units), which equals an intrinsic value of $130,000 - $140,000.
financial.seekingalpha.com /article/19835   (932 words)

 SignOnSanDiego.com > News > Business -- Buffett's Berkshire Hathaway defends PetroChina investment
In Berkshire's unsigned statement, the company said it agrees that conditions in Sudan are deplorable and the company sympathizes with people who want to improve those conditions.
Berkshire said groups supporting the divestment of interests in Sudan may be confusing PetroChina with its parent company, Chinese National Petroleum Corp., which is owned by the Chinese government.
Berkshire said people who want China to withdraw its investment in Sudan should be careful what they wish for because if CNPC were to leave Sudan, CNPC would likely have to sell its pipeline and oil interests to the Sudanese government.
www.signonsandiego.com /news/business/20070223-0838-berkshire-petrochina.html   (564 words)

 Berkshire Hathaway Buys Metalworking Firm Stake
Buffett, chairman of Berkshire Hathaway, is a major investor in The Washington Post Co. and sits on its board of directors.
Berkshire spokeswoman Debbie Bosanek said no one was available to discuss the acquisition because the company is preparing for the annual meeting, expected to draw a record 23,000 people.
Berkshire owns a diverse mix of companies including furniture, insurance, jewelry and candy companies, restaurants, natural gas and corporate jet firms, and has major investments in such companies as Coca-Cola Co., Anheuser-Busch Cos.
www.washingtonpost.com /wp-dyn/content/article/2006/05/05/AR2006050501625.html   (496 words)

 Berkshire Hathaway Intrinsivaluator.
Also, I've lumped the 1.25B retroactive reinsurance contract entered into by the Berkshire Hathaway Reinsurance Group into the GRN float as that is where it best fits into the calculator.
If anyone has access to Berkshire annual reports prior to 1995 and would be willing to extract some data for me, let me know via the comment link at the bottom of the page.
If you don't understand the concept of intrinsic value, you might want to visit the Berkshire Hathaway home page and read the chairman's letters and the owners manual.
www.creativeacademics.com /finance/IV.html   (4983 words)

 WealthEffect — Berkshire Hathaway Annual Meeting
The preference of Berkshire Hathaway is to own operating companies that are well managed and have a competitive advantage.
It has been the practice of Berkshire Hathaway to write large reinsurance but the liability is capped.
With regards to intrinsic value and being neither under- nor overvalued, it is difficult to value disparate pieces of Berkshire Hathaway.
www.wealtheffect.com /stocks/b10.asp   (4076 words)

 Berkshire Hathaway 3Q profits soar | newratings.com
NEW YORK, November 4 (newratings.com) — Berkshire Hathaway Inc (BRK.A.NYS) Friday announced a fivefold increase in its quarterly income, aided by the recovery in its insurance operations.
Excluding investment gains, Berkshire Hathaway would have earned $2.6 billion, or $1,687 per share, in the third quarter, beating the average expectations of the Wall Street analysts.
Berkshire Hathaway's revenues climbed 24% to $25.36 billion, boosted by recent acquisitions and an improved performance of the company's Geico Corp auto insurance and General Re reinsurance units.
www.newratings.com /analyst_news/article_1410899.html   (313 words)

 USATODAY.com - Berkshire Hathaway profit jumps 62%   (Site not responding. Last check: 2007-10-13)
Berkshire's net earnings were $2.35 billion, or $1,522 a share, for the three months that ended June 30.
Class B shares (BRKB) of Berkshire stock gained $8, or less than 1%, Friday to close at $3,050.
Berkshire owns more than 60 companies including insurance, clothing, furniture, jewelry and candy companies, restaurants, natural gas and corporate jet firms and has major investments in such companies as Coca-Cola, Anheuser-Busch and Wells Fargo.
www.usatoday.com /money/companies/earnings/2006-08-04-berkshire-hathaway_x.htm   (278 words)

 Berkshire Hathaway News » BuzzTracker
The Berkshire Hathaway Annual Report for 2006 was released yesterday, March 1, 2007, after the close of the market.
In the eagerly awaited annual report of Warren Buffett concerning Berkshire Hathaway (BRK-A), he announced that he would be looking for a person or two to train and raise up to succeed him when the ti...
Berkshire Hathaway (BRK.B) released its annual report today – by now I expect most of you have read Warren Buffett's annual letter to shareholders.
www.buzztracker.com /category/berkshire_hathaway   (508 words)

 ABC News: Berkshire Hathaway 2Q Profit Up 62 Pct.
Berkshire earned $2.35 billion, or $1,522 per share, for the three months ending June 30, versus $1.45 billion, or $941 per share, in the year-ago period, according to Berkshire's filing with the Securities and Exchange Commission released late Friday afternoon.
Berkshire Hathaway's Reinsurance Group is making more from catastrophic and individual risk contracts because fewer companies want to assume those risks after last year's devastating hurricanes, driving premiums higher.
Berkshire's other investments earned $294 million during the quarter, compared to a loss of $160 million a year ago.
abcnews.go.com /Business/wireStory?id=2275693&CMP=OTC-RSSFeeds0312   (393 words)

 SignOnSanDiego.com > News > Business -- Berkshire Hathaway says General Re CEO received SEC notice
Berkshire, which is led by billionaire Warren Buffett, said General Reinsurance CEO Joseph Brandon received a Wells notice on Thursday from the Securities and Exchange Commission that said the SEC staff is considering a recommendation that Brandon be charged with civil violations of securities laws.
Berkshire said the Wells notices state that the SEC staff may seek an order barring all three men from serving as officers or directors of public companies, as well as other actions including civil penalties.
Brandon is the highest Berkshire Hathaway executive publicly identified as being under SEC investigation.
www.signonsandiego.com /news/business/20050909-1213-berkshirehathaway-generalre.html   (600 words)

 Regulators Eye Berkshire Hathaway Accounting - - CFO.com
Berkshire Hathaway has announced that regulators are looking into accounting issues related to certain reinsurance transactions.
Berkshire also disclosed in the filing that in late July it terminated Milan Vukelic, chief executive officer of Faraday Group, an affiliate of General Reinsurance.
Berkshire announced that General Re and its affiliates are cooperating fully with the FSA in these matters.
www.cfo.com /article.cfm/4267271/c_4266733?f=home_todayinfinance   (353 words)

 [No title]
Buffett, chairman and chief executive of Berkshire Hathaway (nyse: BRKa - news - people) and the second richest man in the world, is as popular as puppies.
Berkshire Hathaway insider, Robert Miles draws upon his own experiences and those of Berkshire executives to provide a look at the Berkshire culture and its management principles.
Berkshire Hathaway was sitting on a mountain of cash, and still he did nothing.
www.lycos.com /info/warren-buffett--berkshire-hathaway.html?page=2   (435 words)

 Berkshire Hathaway News
Berkshire Hathaway News continually updated from thousands of sources around the net.
Berkshire Hathaway, an investment firm owned by Warren Buffett, published its annual report for 2006 on its website yesterday.
After Warren Buffett's annual letter to shareholders publicized that he was searching for a new chief investment officer at Berkshire Hathaway Inc., a deluge of e-mails and queries hit the company's Web site.
www.topix.net /com/brka   (820 words)

 The Berkshire Hathaway Portfolio   (Site not responding. Last check: 2007-10-13)
Berkshire Hathaway BRK.B, the investment conglomerate run by Warren Buffett, one of the all-time great investors.
At Berkshire Hathaway's last annual meeting in May 2006, Buffett said that if he were starting his investment partnership over again, he would invest in securities around the world and focus on smaller companies.
The reason for this is that Berkshire is so big now--it has more than $40 billion in cash on its balance sheet--that it is difficult for the firm to invest in stocks with relatively small market capitalizations.
news.morningstar.com /article/printArticle.asp?id=182824   (1428 words)

 Berkshire Hathaway Inc (BRKa) Full Description | Stocks | Reuters.com
The Berkshire Hathaway Primary Group is a collection of primary insurance operations that provide a variety of insurance coverages to insureds located principally in the United States.
Berkshire's footwear businesses purchase or manufacture and distribute work, rugged outdoor and casual shoes (H.H. Brown Shoe Group) and western-style footwear (Justin Brands) under a number of brand names.
Berkshire's other non-insurance businesses consist of an array of businesses that engage in a variety of business activities.
stocks.us.reuters.com /stocks/fullDescription.asp?symbol=BRKa.N   (2283 words)

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