Brand Description.
Berkshire Hathaway, founded in 1956 by Warren Buffett, is a company whose main business is insurance and which also has business activities in many other areas. The most important of these businesses is property and casualty insurance based on direct premiums and reinsurance amounts. Berkshire Hathaway has a number of subsidiaries, including: GEICO, the sixth largest auto insurer in the United States; and General Re, one of the four largest reinsurers in the world.
In December 2014, Berkshire Hathaway has been granted a license to sell non-life insurance in Singapore. This is the first time Berkshire Hathaway has been granted such a license in Asia.
On 7 June 2018, the Forbes Global 2000 list of the world's most publicly traded companies was released, ranking Berkshire Hathaway at No. 4. in December 2018, the 2018 World's 500 Best Brands, compiled by the World Brand Lab, was revealed, ranking No. 262. in July 2019, it was named to the 2019 Fortune World 500. on 22 January 2020, it was ranked on the 2020 Fortune's list of the world's most admired companies at No. 5.
Company History.
If you had given $10,000 to Warren Edward Buffett in 1956, it would be about $270 million today. And that's just after-tax income!
Berkshire Hathaway was a textile mill on the verge of bankruptcy 40 years ago and under Warren Buffett's careful management, the company's net worth grew from $22,887,000 in 1964 to $162 billion at the end of 2001; the share price rose from $7 per share to $90,000 at one point.
On 9 December 2014, Berkshire Hathaway has been granted a license to sell non-life insurance in Singapore. This is the first time Berkshire Hathaway has been granted such a license in Asia and the company is making a big push into the Asian insurance market.
22 April 2018 - Berkshire Hathaway is ranked third in the list of the world's most profitable companies for 2017.
21 March 2022 - Berkshire Hathaway and property and casualty reinsurer Alleghany have announced that the former has entered into an all-cash deal to acquire the latter for US$11.6 billion.
Company operations.
Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) the only diversified holding company headquartered in Omaha, Nebraska, USA, oversees a number of subsidiaries. Berkshire's core business is insurance, including property, casualty, reinsurance, and specialty insurance. Over the past 25 years, the company has grown its shareholders' value by an average of more than 25 per cent per year, with increasingly strong capital and minimal liabilities.
Berkshire owns a number of distinct businesses, which are gradually being converted to full corporate equity acquisitions. Berkshire Hathaway's investment business is carried out by taking stakes in companies such as American Express Mail, Coca-Cola, Federal Home Loan Mortgage Corporation ("Freddie Mac"), Gillette, and The Washington Post Company.
The company's brand was ranked number 262 on the 2006 World Brand Lab's list of the Top 500 World Brands. The company was ranked 30th in the 2008 Fortune Global 500 list of the world's largest companies.
