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0 | BRK | 2015 | Berkshire Hathaway Inc. (Berkshire, Company or Registrant) is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance businesses conducted on both a primary basis and a reinsurance basis, a freight rail transportation business and a group... | [-0.015116004273295403, -0.01873350888490677, -0.013126376084983349, -0.04002511128783226, -0.0025403285399079323, 0.015955781564116478, -0.004221499431878328, 0.0018830407643690705, 0.007971431128680706, -0.015710309147834778, -0.01582658663392067, 0.005390728823840618, 9.901709563564509e-05, 0.0014938359381631017, 0.... |
1 | BRK | 2015 | Berkshires operating businesses are managed on an unusually decentralized basis. There are essentially no centralized or integrated business functions (such as sales, marketing, purchasing, legal or human resources) and there is minimal involvement by Berkshires corporate headquarters in the day-to-day business activ... | [-0.01944509521126747, -0.012289773672819138, -0.01223711296916008, -0.044682905077934265, -0.018102237954735756, 0.020537810400128365, -0.0006817138055339456, 0.016351258382201195, -0.01237534824758768, -0.018615683540701866, 0.0017756649758666754, -0.0030576325953006744, -0.02136722207069397, 0.004008822608739138, 0.... |
2 | BRK | 2015 | Berkshire and its consolidated subsidiaries employed approximately 331,000 people world-wide at the end of 2015. Berkshires corporate headquarters has 25 employees. | [-0.00980138499289751, -0.007365386467427015, -0.0049070692621171474, -0.038822922855615616, -0.000971689005382359, 0.024921152740716934, -0.019513491541147232, 0.01020951010286808, -0.004715760704129934, -0.014195108786225319, -0.00917644239962101, 0.008079606108367443, -0.019551753997802734, -0.007983951829373837, 0.... |
3 | BRK | 2015 | Berkshires insurance and reinsurance business activities are conducted through numerous domestic and foreign-based insurance entities. Berkshires insurance businesses provide insurance and reinsurance of property and casualty risks world-wide and also reinsure life, accident and health risks world-wide. | [-0.002271672012284398, -0.011035227216780186, 0.0014711471740156412, -0.03985412418842316, -0.005936549510806799, 0.030319271609187126, 0.0031550098210573196, 0.018368231132626534, 0.01892681233584881, -0.014081443659961224, -0.014133404940366745, 0.03130653128027916, -0.011269052512943745, -0.00031968223629519343, 0.... |
4 | BRK | 2015 | In direct insurance activities, the insurer assumes the risk of loss from persons or organizations that are directly subject to the risks. Such risks may relate to property, casualty (or liability), life, accident, health, financial or other perils that may arise from an insurable event. In reinsurance activities, the ... | [-0.007360723335295916, -0.018666071817278862, 0.004076757933944464, -0.02352595515549183, -0.02270093373954296, 0.013973772525787354, 0.019568437710404396, 0.01796996220946312, 0.017982853576540947, 0.005253055598586798, 0.01802152581512928, 0.052620790898799896, -0.010828384198248386, -0.0023944908753037453, 0.007741... |
5 | BRK | 2015 | Reinsurance contracts are normally classified as treaty or facultative contracts. Treaty reinsurance refers to reinsurance coverage for all or a portion of a specified group or class of risks ceded by the direct insurer, while facultative reinsurance involves coverage of specific individual underlying risks. Reinsuranc... | [0.004356704652309418, -0.0022893405985087156, -0.001082550035789609, -0.03572829067707062, -0.007726110517978668, 3.898696832038695e-06, -0.0139547074213624, 0.01018441841006279, 0.0009972380939871073, -0.0032749830279499292, 0.029632218182086945, 0.04028709605336189, -0.006314737256616354, 0.007215895690023899, 0.010... |
6 | BRK | 2015 | Insurance and reinsurance are generally subject to regulatory oversight throughout the world. Except for regulatory considerations, there are virtually no barriers to entry into the insurance and reinsurance industry. Competitors may be domestic or foreign, as well as licensed or unlicensed. The number of competitors w... | [0.022000562399625778, -0.021492760628461838, 0.004427406936883926, -0.019563108682632446, -0.011273225769400597, 0.005166895221918821, -0.00010017206659540534, 0.018826793879270554, -0.0006549864774569869, -0.016859058290719986, 0.010371875017881393, 0.02121346816420555, 0.004700351040810347, -0.02257184125483036, 0.0... |
7 | BRK | 2015 | Insurers based in the United States (U.S.) are subject to regulation by their states of domicile and by those states in which they are licensed to write policies on an admitted basis. The primary focus of regulation is to assure that insurers are financially solvent and that policyholder interests are otherwise prote... | [0.00863718893378973, -0.029449691995978355, 0.012103770859539509, -0.03975187987089157, -0.023804299533367157, 0.007375430781394243, -0.025118088349699974, 0.02315390855073929, 0.01155744306743145, -0.024272581562399864, 0.013593166135251522, 0.007095762528479099, 0.004949473310261965, 0.005073047708719969, 0.00368771... |
8 | BRK | 2015 | Insurers may market, sell and service insurance policies in the states where they are licensed. These insurers are referred to as admitted insurers. Admitted insurers are generally required to obtain regulatory approval of their policy forms and premium rates. Non-admitted insurance markets have developed to provide in... | [0.0028224638663232327, -0.01316161174327135, -0.005766855087131262, -0.028893591836094856, -0.0211956650018692, 0.005490046460181475, -0.016160376369953156, -0.0007360978634096682, -0.0036545386537909508, -0.003944529220461845, 0.02690320461988449, 0.021077033132314682, -0.005641632247716188, -0.007829741574823856, -0... |
9 | BRK | 2015 | The insurance regulators of every state participate in the National Association of Insurance Commissioners (NAIC). The NAIC adopts forms, instructions and accounting procedures for use by U.S. insurers and reinsurers in preparing and filing annual statutory financial statements. However, an insurers state of domicil... | [0.01389314979314804, -0.022693008184432983, 0.010983623564243317, -0.033540550619363785, -0.021980207413434982, -0.0011445324635133147, -0.019751083105802536, 0.021384045481681824, 0.01840323954820633, -0.02636069618165493, 0.036288078874349594, 0.005482091568410397, 0.014722591266036034, 0.01491699181497097, 0.007782... |
10 | BRK | 2015 | Berkshires insurance companies maintain capital strength at exceptionally high levels. This strength differentiates Berkshires insurance companies from their competitors. Collectively, the aggregate statutory surplus of Berkshires U.S. based insurers was approximately $124 billion at December 31, 2015. All of Berksh... | [-0.011964135803282261, -0.016346117481589317, 0.014274634420871735, -0.052185408771038055, -0.006566332187503576, 0.01906825602054596, 0.0007112419698387384, 0.009547406807541847, 0.001304635195992887, -0.019214322790503502, 0.004076570272445679, 0.030063044279813766, -0.008883470669388771, 0.0007784655317664146, 0.01... |
11 | BRK | 2015 | The Terrorism Risk Insurance Act of 2002 established within the Department of the Treasury a Terrorism Insurance Program (Program) for commercial property and casualty insurers by providing federal reinsurance of insured terrorism losses. The Program currently extends to December 31, 2020 through other Acts, most rec... | [-0.026730908080935478, -0.03043578751385212, -0.017634697258472443, -0.03869540989398956, -0.01795339584350586, 0.014009491540491581, -0.025602180510759354, -0.01609431765973568, -0.0023188695777207613, -7.163473492255434e-05, 0.01910868100821972, 0.023225214332342148, 0.007615586277097464, -0.011373582296073437, -0.0... |
12 | BRK | 2015 | In the event of a certified act of terrorism, the federal government will reimburse insurers (conditioned on their satisfaction of policyholder notification requirements) in 2016 for 84% of their insured losses in excess of an insurance groups deductible. Under the 2015 TRIA Reauthorization, the federal governments r... | [-0.028795544058084488, -0.012091134674847126, -0.014792417176067829, -0.0400361493229866, -0.014043951407074928, 0.023039156571030617, -0.018874961882829666, -0.019487343728542328, -0.0006774471257813275, 0.007886113598942757, 0.016752038151025772, 0.024590522050857544, 0.006059175822883844, -0.008376019075512886, -0.... |
13 | BRK | 2015 | Regulation of the insurance industry outside of the United States is subject to the laws and regulations of each country in which an insurer has operations or writes premiums. Some jurisdictions impose comprehensive regulatory requirements on insurance businesses, such as in the United Kingdom, where insurers are subje... | [0.029251208528876305, -0.02548518031835556, 0.0018539952579885721, -0.025704434141516685, -0.029431771486997604, 0.013942044228315353, -0.013200446031987667, 0.01981034316122532, 0.014535322785377502, -0.026091355830430984, 0.012252490036189556, 0.011194907128810883, -0.0010648381430655718, -0.003853085683658719, 0.01... |
14 | BRK | 2015 | Berkshires insurance underwriting operations are comprised of the following sub-groups: (1) GEICO and its subsidiaries, (2) General Re and its subsidiaries, (3) Berkshire Hathaway Reinsurance Group and (4) Berkshire Hathaway Primary Group. Except for retroactive reinsurance and structured settlement and periodic payme... | [-0.0023346238303929567, -0.0008017345098778605, 0.016107382252812386, -0.03221476450562477, -0.0027302082162350416, 0.008107787929475307, 0.0027504945173859596, 0.016377868130803108, -0.0039490810595452785, -0.02438422478735447, 0.007323381956666708, 0.03270163759589195, -0.013409294188022614, 0.0035704022739082575, 0... |
15 | BRK | 2015 | GEICO County Mutual Insurance Company and GEICO Marine Insurance Company (formerly Seaworthy Insurance Company). These companies primarily offer private passenger automobile insurance to individuals in all 50 states and the District of Columbia. In addition, GEICO insures motorcycles, all-terrain vehicles, recreationa... | [-0.005823235958814621, 0.001359570655040443, 0.015724368393421173, -0.015502531081438065, -0.0313965380191803, 0.016481226310133934, -0.01783834956586361, 0.0006434920360334218, 0.004707523621618748, -0.010563382878899574, 0.020239414647221565, 0.042410124093294144, 0.0017795939929783344, -0.008671239018440247, 0.0031... |
16 | BRK | 2015 | GEICO competes for private passenger auto insurance customers with other companies that sell directly to the customer as well as with companies that use agency sales forces. The automobile insurance business is highly competitive in the areas of price and service. Some insurance companies may exacerbate price competiti... | [-0.018828880041837692, 0.007444429211318493, 0.03448493778705597, -0.018412772566080093, -0.006657725665718317, 0.022183749824762344, 0.0012328820303082466, -0.00294038699939847, -0.006950301118195057, -0.030323859304189682, 0.006859277840703726, 0.05997154116630554, 0.005591449327766895, -0.022001702338457108, 0.0017... |
17 | BRK | 2015 | As a result of an aggressive advertising campaign and competitive rates, voluntary policies-in-force have increased about 38% over the past five years. GEICO was the second largest private passenger auto insurer in the United States in terms of premium volume in 2014. According to A.M. Best data for 2014, the five larg... | [-0.004860319197177887, -0.00455224746838212, 0.032930873334407806, -0.027451135218143463, -0.016321232542395592, -0.0071970741264522076, -0.010081147775053978, 0.010572751052677631, -0.03159371390938759, -0.02370183914899826, 0.013961536809802055, 0.040508121252059937, 0.003542821854352951, -0.007570692803710699, 0.00... |
18 | BRK | 2015 | Private passenger auto insurance is stringently regulated by state insurance departments. As a result, it is difficult for insurance companies to differentiate their products. Competition for private passenger automobile insurance, which is substantial, tends to focus on price and level of customer service provided. GE... | [-0.006243471521884203, 0.00502396747469902, 0.02739991992712021, -0.02150997519493103, -0.013583199121057987, 0.01359617244452238, 0.010599306784570217, 0.009879279881715775, -0.01721576415002346, -0.01951206475496292, -0.0063018519431352615, 0.03523588180541992, -0.009107359685003757, -0.018072012811899185, 0.0028833... |
19 | BRK | 2015 | General ReGeneral Re Corporation (General Re) is the holding company of General Reinsurance Corporation (GRC) and its subsidiaries and affiliates. GRCs subsidiaries include General Reinsurance AG, a major international reinsurer based in Germany. General Re subsidiaries currently conduct business activities globa... | [0.011042028665542603, -0.0036530764773488045, -0.006961710751056671, -0.035927992314100266, 0.002944319974631071, -0.0044976226054131985, -0.010902926325798035, 0.013486244715750217, 0.021183207631111145, -0.009790112264454365, 0.021991321817040443, 0.039902325719594955, 0.008604436181485653, -0.022839181125164032, 0.... |
20 | BRK | 2015 | General Res property/casualty reinsurance business in North America is conducted through GRC which is domiciled in Delaware and licensed in the District of Columbia and all states but Hawaii where it is an accredited reinsurer. Property/casualty operations in North America are headquartered in Stamford, Connecticut, a... | [0.015815820544958115, 0.0014723235508427024, -0.008347608149051666, -0.02790086530148983, 0.0054529267363250256, 0.012444797903299332, -0.011838546954095364, 0.030006088316440582, 0.01896033063530922, 0.0030145992059260607, 0.029686307534575462, 0.026768308132886887, 0.0029246609192341566, -0.009353584609925747, 0.024... |
21 | BRK | 2015 | General Res property/casualty business in North America also includes specialty insurers domiciled in Delaware and Connecticut. General Star is a specialty and surplus lines provider, underwriting a broad array of property, casualty and professional liability business through a select group of wholesale brokers, manag... | [0.005569003522396088, -0.023088304325938225, -0.019852912053465843, -0.030453981831669807, -0.023349888622760773, 0.015213223174214363, -0.009981526993215084, 0.0353277213871479, 0.0001589730236446485, -0.010842002928256989, 0.023528868332505226, 0.043643366545438766, 0.0015178804751485586, -0.0063434322364628315, 0.0... |
22 | BRK | 2015 | General Res international property/casualty reinsurance business operations are conducted through internationally-based subsidiaries on a direct basis (without intermediaries) via General Reinsurance AG as well as several other General Re subsidiaries and branches in 20 countries. Coverages are written on both a quota... | [0.015488793142139912, -0.009099666029214859, -0.019828325137495995, -0.032072484493255615, -0.022458750754594803, 0.0187868382781744, -0.00805817823857069, 0.01809251308441162, 0.011876966804265976, 0.0030343346297740936, 0.012077253311872482, 0.044837385416030884, -0.023179780691862106, -0.007677634712308645, 0.01671... |
23 | BRK | 2015 | General Res North American life/health business operates through two divisions: the individual products division and the group & specialty division in the United States and Canada. The principal business segments include life, disability, supplemental health, critical illness and long-term care. International life/hea... | [0.024617161601781845, 0.008147933520376682, 0.01155513059347868, -0.024323781952261925, 0.003365523414686322, 0.0108283506706357, -0.004123974591493607, 0.017362700775265694, 0.00027004198636859655, -0.0037772541400045156, 0.0037005755584686995, 0.035978928208351135, -0.012588624842464924, -0.005607538856565952, 0.013... |
24 | BRK | 2015 | Berkshire Hathaway Reinsurance GroupBerkshire Hathaway Reinsurance Group (BHRG) operations are based in Stamford, Connecticut. Business activities are conducted through numerous subsidiaries, led by National Indemnity Company (NICO) and Columbia Insurance Company (Columbia). BHRG provides principally excess and ... | [-0.009034227579832077, -0.002030052011832595, -0.01196836493909359, -0.03618989884853363, 0.011610704474151134, 0.03603093698620796, 0.00892163161188364, 0.01657158136367798, 0.010948371142148972, 0.0016665965085849166, -0.01798897609114647, -0.0003516576543916017, -0.006196129135787487, 0.005325160920619965, 0.019618... |
25 | BRK | 2015 | The type and volume of insurance and reinsurance business written by BHRG is dependent on current market conditions, including prevailing premium rates and coverage terms. The level of BHRGs underwriting activities often fluctuates significantly from year to year depending on the perceived level of price adequacy in s... | [-0.0004167880688328296, -0.013248802162706852, -0.00028883988852612674, -0.03036070615053177, 0.007420145440846682, 0.020471712574362755, -0.01753357984125614, 0.024198787286877632, -0.01103840209543705, -0.03082318976521492, 0.006080302409827709, 0.018431343138217926, -0.0015175251755863428, -0.011813742108643055, 0.... |
26 | BRK | 2015 | BHRG underwrites traditional non-catastrophe property and casualty insurance and reinsurance, catastrophe excess-of-loss treaty and facultative reinsurance, and individual primary insurance policies on an excess-of-loss basis for primarily large or otherwise unusual discrete risks, referred to as individual risk. BHR... | [-0.004169106483459473, -0.001597255002707243, -0.010009916499257088, -0.02316019870340824, -0.0013299179263412952, 0.03208046033978462, 0.0010668106842786074, 0.020141657441854477, 0.007377152796834707, -0.007932131178677082, -0.005959250498563051, 0.022266818210482597, -0.003395858919247985, 0.010206189006567001, 0.0... |
27 | BRK | 2015 | Occasionally, BHRG is party to catastrophe excess-of-loss contracts with large aggregate limits, writes multi-year quota-share contracts, which are expected to produce significant annual premiums or writes retroactive contracts with unusually large limits of indemnification. The extraordinary financial strength of NICO... | [-0.00541329849511385, -0.01618465781211853, 0.005565202329307795, -0.034937869757413864, -0.016253706067800522, 0.025229837745428085, 0.008327089250087738, 0.012262778356671333, -0.00028093569562770426, -0.010923263616859913, -0.008976132608950138, 0.015867041423916817, -0.014831333421170712, 0.00731209572404623, 0.00... |
28 | BRK | 2015 | Effective July 1, 2015, NICO entered into a 10-year, 20% quota-share reinsurance agreement with Insurance Australia Group Limited (IAG). IAG is a large insurance group that currently writes multiple lines of business in Australia, New Zealand and other Asia Pacific countries. | [-0.012000669725239277, -0.024597398936748505, 0.006172529887408018, -0.0364258736371994, -0.00851703155785799, 0.014755790121853352, -0.01361665315926075, 0.008609752170741558, -0.004732051864266396, -0.013934551738202572, 0.010424422100186348, 0.021100515499711037, 0.017563894391059875, -0.004907558672130108, 0.01906... |
29 | BRK | 2015 | BHRG periodically assumes risks under retroactive reinsurance contracts. Retroactive reinsurance contracts afford protection to ceding companies against the adverse development of claims arising from events that have already occurred and that are insured under policies issued in prior years. Coverage under such contrac... | [-0.007535312790423632, -0.013611515052616596, -0.0224689319729805, -0.02611328288912773, -0.014659608714282513, 0.01227570977061987, 0.011713986285030842, -0.0038635602686554193, 0.00902867503464222, 0.014919918961822987, 0.021112576127052307, 0.01723531447350979, -0.016276275739073753, 0.011816740036010742, 0.0028274... |
30 | BRK | 2015 | Notable retroactive reinsurance contracts written over the last five years include a policy written in 2011 by NICO with Eaglestone Reinsurance Company, a subsidiary of American International Group, Inc. (AIG), under which NICO agreed to reinsure the bulk of AIGs U.S. asbestos liabilities up to a maximum limit of in... | [-0.004770673345774412, -0.011104153469204903, 0.0030827734153717756, -0.046253595501184464, -0.013194750063121319, 0.013571742922067642, -0.004784381948411465, -0.0030262244399636984, -0.004047532565891743, 0.004040678031742573, 0.026978978887200356, 0.024415427818894386, 0.009006702341139317, 0.008759942837059498, 0.... |
31 | BRK | 2015 | In BHRGs retroactive reinsurance business, the concept of time-value-of-money is an important element in establishing prices and contract terms, since the payment of losses under the insurance contracts are often expected to occur over very lengthy periods of time. Losses payable under these policies are normally expe... | [-0.011088897474110126, -0.02847893163561821, 0.00967870932072401, -0.025094477459788322, -0.0023594864178448915, -0.002467829966917634, -0.0034790385980159044, 0.003752477467060089, -0.01683971658349037, -0.004612348508089781, 0.01319386251270771, 0.03290898725390434, -0.009754377417266369, 0.016647104173898697, 0.002... |
32 | BRK | 2015 | For many years, BHLN has written periodic payment annuity insurance policies and reinsured existing annuity obligations. Under these policies it receives upfront premiums and makes a stream of annuity payments in the future and payment streams often extend for decades. Similar to retroactive reinsurance contracts, prem... | [-0.01832185685634613, -0.009174340404570103, -0.013110991567373276, -0.021755527704954147, -0.0007439900655299425, 0.00029047048883512616, -0.020870283246040344, 0.008483583107590675, -0.02454538457095623, 0.010971653275191784, 0.013721272349357605, 0.03245892375707626, -0.013077459298074245, 0.015196678228676319, 0.0... |
33 | BRK | 2015 | value-of-money concepts and underwriting losses are expected. Since 2010, BHLN has also written reinsurance covering various forms of life insurance. | [-0.019266122952103615, -0.03331122174859047, 0.010251698084175587, -0.010115734301507473, 0.018382355570793152, 0.01857270486652851, -0.02308671548962593, 0.008402585983276367, -0.015622283332049847, 0.0080218855291605, 0.0005332345026545227, 0.05378742516040802, -0.012073618359863758, 0.0008306560921482742, 0.0024779... |
34 | BRK | 2015 | Beginning in 2013, BHRG assumed risks associated with guaranteed minimum death, income and other benefits under closed-blocks of variable annuity contracts. The risks assumed under these contracts may extend for decades and are subject to aggregate limits of indemnification. The profitability of this business is depend... | [-0.00805146899074316, -0.01248219981789589, 0.0013889303663745522, -0.02388441003859043, -0.017349081113934517, 0.02425825223326683, -0.03026743233203888, 0.007885316386818886, -0.02929820865392685, -0.009574533440172672, 0.0004833131388295442, 0.03627661243081093, -0.0021651736460626125, 0.00413996446877718, 0.004371... |
35 | BRK | 2015 | Berkshire Hathaway Primary GroupThe Berkshire Hathaway Primary Group (BH Primary) is a collection of independently managed primary insurance operations that provide a wide variety of insurance coverages to policyholders located principally in the United States. These various operations are discussed below. | [-0.022025974467396736, 0.004962112754583359, -0.013975738547742367, -0.038350798189640045, -0.020257562398910522, 0.03375820443034172, 0.016034487634897232, 0.021603668108582497, 0.005391018930822611, -0.011851003393530846, -0.02747638151049614, 0.018555134534835815, -0.01817241869866848, 0.004826842807233334, 0.01536... |
36 | BRK | 2015 | NICO and certain affiliates (NICO Primary) underwrite motor vehicle and general liability insurance to commercial enterprises on both an admitted and excess and surplus basis. This business is written nationwide primarily through insurance agents and brokers and is based in Omaha, Nebraska. | [0.006458743941038847, -0.020002946257591248, 0.004494168795645237, -0.039538294076919556, -0.01828840933740139, 0.013716306537389755, 0.004253873601555824, 0.010137856937944889, -0.004464943427592516, -0.016833648085594177, 0.0029825821984559298, 0.02357490174472332, 0.0020214016549289227, 0.005984648130834103, 0.0061... |
37 | BRK | 2015 | The Berkshire Hathaway Homestate Companies (BHHC) is a group of insurers offering standalone workers compensation, commercial auto and commercial property coverages. BHHC has developed a national reach, with the ability to provide first-dollar and small to large deductible workers compensation coverage to employe... | [-0.015282662585377693, 0.0042572165839374065, -0.0003993255377281457, -0.04596981406211853, -0.013563532382249832, 0.02964484505355358, 0.004182765726000071, -0.0031421505846083164, 0.010964532382786274, -0.012243727222084999, -0.004016944207251072, 0.014524620957672596, -0.009725946001708508, 0.0020406211260706186, 0... |
38 | BRK | 2015 | MedPro Group (MedPro) is a national leader in offering customized healthcare liability insurance, claims, patient safety and risk solutions to physicians, surgeons, dentists and other healthcare professionals, as well as hospitals, senior care and other healthcare facilities, all offered through Medical Protective Co... | [0.0008726392406970263, -0.019003767520189285, -0.00725143775343895, -0.05203734338283539, -0.005085467826575041, 0.03600713983178139, 0.025221217423677444, 0.019071348011493683, 0.016124818474054337, -0.011454974301159382, -0.0010669345501810312, 0.008886897005140781, 0.003186442656442523, -0.016205916181206703, 0.007... |
39 | BRK | 2015 | U.S. Investment Corporation (USIC) and its subsidiaries are specialty insurers that underwrite commercial, professional and personal lines of insurance on an admitted and excess and surplus basis. Policies are marketed in all 50 states and the District of Columbia through wholesale and retail insurance agents. USIC c... | [0.005492626689374447, -0.02665877342224121, 0.014471905305981636, -0.042601507157087326, -0.0026905005797743797, 0.009389666840434074, -0.02164219692349434, 0.000937325123231858, 0.023756513372063637, 0.0015126884682103992, 0.006182077806442976, 0.014209257438778877, 0.008017330430448055, 0.00457992497831583, -0.00090... |
40 | BRK | 2015 | Applied Underwriters, Inc. (Applied) is a leading provider of payroll and insurance services to small and mid-sized employers. Applied, through its subsidiaries principally markets SolutionOne®, a product that bundles workers compensation and other employment related insurance coverages and business services into a ... | [-0.007499429397284985, -0.009057215414941311, 0.006723982747644186, -0.033995576202869415, -0.03482271730899811, 0.012641501612961292, 0.001895535970106721, -0.0023659735452383757, 0.007830286398530006, -0.021767646074295044, 0.021822787821292877, 0.009057215414941311, 0.03112814575433731, -0.0014518082607537508, -0.0... |
41 | BRK | 2015 | WestGUARD Insurance Company and its subsidiaries (collectively, the Berkshire Hathaway GUARD Insurance Companies) provides commercial property and casualty insurance coverage to small and mid-sized businesses and is based in Wilkes-Barre, Pennsylvania. Central States Indemnity Company of Omaha, located in Omaha, Nebras... | [0.003402247792109847, -0.006104376167058945, -0.008608137257397175, -0.040993668138980865, 0.014709179289638996, 0.0373397134244442, -0.009948366321623325, 0.0008038873202167451, 0.01636279560625553, -0.002242049667984247, -0.0017186269396916032, 0.03819319233298302, -0.00908821914345026, 0.009921695105731487, 0.02760... |
42 | BRK | 2015 | Berkshire Hathaway Specialty Insurance (BH Specialty) was formed in April 2013. BH Specialty provides primary and excess commercial property, casualty, healthcare professional liability, executive and professional lines, surety and travel insurance. BH Specialtys business is written on both an excess and surplus lin... | [-0.00745168374851346, -0.000458238588180393, -0.002612084848806262, -0.039076387882232666, -0.015542653389275074, 0.036199599504470825, 0.003258030628785491, 0.008130925707519054, 0.009189743548631668, -0.0003475288103800267, 0.00022828689543530345, 0.017074277624487877, -0.009482749737799168, -0.0010937793413177133, ... |
43 | BRK | 2015 | Berkshires property and casualty insurance companies establish liabilities for estimated unpaid losses and loss adjustment expenses with respect to claims occurring on or before the balance sheet date. Such estimates include provisions for reported claims or case estimates, provisions for incurred-but-not-reported (I... | [-0.010017355903983116, -0.019751200452446938, 0.0010159109951928258, -0.045955631881952286, -0.006939246319234371, 0.01259594690054655, -0.0143375089392066, 0.01509353518486023, -0.003354869084432721, -0.005346189718693495, 0.009632592089474201, 0.028297003358602524, -0.009794597513973713, 0.0293770432472229, 0.000320... |
44 | BRK | 2015 | The table below presents the development of Berkshires net unpaid losses for property/casualty contracts from 2005 through 2014 and net unpaid loss data as of December 31, 2015. Data in the table related to acquisitions is included from the acquisition date forward. Dollar amounts are in millions. | [-0.02880278415977955, -0.013621829450130463, 0.013854331336915493, -0.04521462693810463, -0.015755370259284973, 0.011248950846493244, -0.006680987775325775, 0.009587251581251621, -0.012281529605388641, -0.001377910957671702, 0.007132313679903746, 0.03531281650066376, -0.007152828387916088, 0.02605380117893219, 0.01048... |
45 | BRK | 2015 | * The amounts of re-estimated liabilities in the table above related to these operations are based on the applicable foreign currency exchange rates as of the end of the re-estimation period. The cumulative foreign exchange effect represents the cumulative effect of changes in foreign exchange rates from the original ... | [-0.025960180908441544, -0.016522545367479324, 0.0013509787386283278, -0.017578598111867905, -0.004976146854460239, -0.0062895286828279495, -0.016709694638848305, -0.007051490712910891, -0.004849153105169535, -0.007907027378678322, 0.016763165593147278, 0.03045174665749073, -0.02553241327404976, 0.017364714294672012, -... |
46 | BRK | 2015 | The first section of the table reconciles the estimated liability for unpaid losses and loss adjustment expenses recorded at the balance sheet date for each of the indicated years from the liability reflected in Berkshires Consolidated Balance Sheet to the net amount, after reductions for amounts recoverable under ced... | [-0.012413696385920048, -0.011746219359338284, 0.0025047590024769306, -0.03630524501204491, -0.00619996665045619, 0.0032135231886059046, -0.011952655389904976, 0.011175079271197319, -0.008023486472666264, 0.0027628042735159397, 0.02277679182589054, 0.030690180137753487, -0.020602330565452576, 0.02909374050796032, 0.003... |
47 | BRK | 2015 | Certain workers compensation loss liabilities are discounted for both statutory and GAAP reporting purposes at an interest rate of 4.5% per annum for claims occurring before 2003 and at 1% per annum for claims occurring thereafter. In addition, deferred charges are recorded as assets at the inception of retroactive re... | [-0.015581290237605572, -0.011899549514055252, -0.0010653656208887696, -0.05185626819729805, -0.005325980484485626, 0.0121775446459651, -0.007865228690207005, -0.0010526524856686592, 0.0018052734667435288, -0.0068108816631138325, 0.022266734391450882, 0.04700152575969696, -0.005495490040630102, 0.024924639612436295, -0... |
48 | BRK | 2015 | The second section of the table shows the re-estimated net unpaid losses, including the impact of changes in related reserve discount accretion and deferred charge amortization, based on experience as of the end of each succeeding year. The re-estimated amount also reflects the effect of loss payments and re-estimation... | [-0.015020743943750858, -0.02080538682639599, 0.008808120153844357, -0.02567884512245655, -0.020322183147072792, 0.002043263055384159, -0.024049757048487663, -0.004165909253060818, -0.020032260566949844, -0.0016221851110458374, 0.023594165220856667, 0.024933330714702606, -0.001396114588715136, 0.026755699887871742, -0.... |
49 | BRK | 2015 | The redundancies or deficiencies shown in each column should be viewed independently of the other columns because redundancies or deficiencies arising in earlier years are included as components of redundancies or deficiencies in the more recent years. Liabilities assumed under retroactive reinsurance contracts are tre... | [-0.014003053307533264, -0.015175655484199524, -0.016716400161385536, -0.04605872929096222, -0.019838795065879822, -0.0014086567098274827, -0.006214110646396875, -0.0007073109736666083, -0.019716080278158188, -0.005488051567226648, 0.04848574101924896, 0.024897346273064613, -0.003257039235904813, 0.031142136082053185, ... |
50 | BRK | 2015 | The third part of the table shows the cumulative amount of net losses and loss adjustment expenses paid with respect to recorded net liabilities as of the end of each succeeding year. While the information in the table provides a historical perspective on the adequacy of unpaid losses and loss adjustment expenses estab... | [-0.0037162061780691147, -0.01365520991384983, 0.021154822781682014, -0.039325930178165436, -0.01753941737115383, -0.002204187447205186, -0.013070562854409218, -0.0010189326712861657, -0.00025578317581675947, 0.0035179636906832457, 0.02588576264679432, 0.030132854357361794, -0.0065924022346735, 0.012559836730360985, -0... |
51 | BRK | 2015 | InvestmentsInvested assets of insurance businesses derive from shareholder capital as well as funds provided from policyholders through insurance and reinsurance business (float). Float is an approximation of the amount of net policyholder funds available for investment. That term denotes the sum of unpaid losses an... | [0.0017775780288502574, -0.010864664800465107, 0.017191695049405098, -0.023944128304719925, 0.003381280926987529, -0.002235055435448885, -0.01605728641152382, 0.011904539540410042, -0.01619233377277851, 0.0002707303792703897, 0.005732815712690353, 0.019852153956890106, -0.017934462055563927, 0.01742127723991871, 0.0060... |
52 | BRK | 2015 | Investment portfolios of insurance subsidiaries include ownership of equity securities of other publicly traded companies which are concentrated in relatively few companies and relatively large amounts of fixed maturity securities and cash and cash equivalents. Fixed maturity investments consist of obligations of the U... | [-0.002175470581278205, -0.025835972279310226, -0.001757806516252458, -0.04317396134138107, -0.022994542494416237, 0.023086626082658768, -0.021218648180365562, 0.01228655781596899, 0.012036616913974285, 0.00505801010876894, 0.007458755746483803, 0.02035043202340603, -0.007425868883728981, 0.031308356672525406, 0.019245... |
53 | BRK | 2015 | On February 12, 2010, Berkshire completed its acquisition of Burlington Northern Santa Fe Corporation through the merger of a wholly-owned merger subsidiary and Burlington Northern Santa Fe Corporation. The merger subsidiary was the surviving entity and was renamed Burlington Northern Santa Fe, LLC (BNSF). BNSF is ba... | [-0.020747918635606766, 0.0018723573302850127, -0.007366545964032412, -0.009332682937383652, -0.029336832463741302, 0.007250129710882902, -0.02469312772154808, -0.007955092936754227, -0.013853504322469234, -0.005468318238854408, -0.005132005549967289, -0.012863967567682266, -0.010069984011352062, -0.004601665772497654,... |
54 | BRK | 2015 | In serving the Midwest, Pacific Northwest, Western, Southwestern and Southeastern regions and ports of the country, BNSF transports a range of products and commodities derived from manufacturing, agricultural and natural resource industries. Over half of the freight revenues of BNSF are covered by contractual agreement... | [-0.0033651457633823156, -0.014761058613657951, 0.013970048166811466, 0.017992135137319565, -0.014988976530730724, 0.004404184874147177, -0.014238187111914158, -0.0033165456261485815, -0.017670366913080215, -0.022617533802986145, -0.011744493618607521, 0.011938894167542458, -0.02151816338300705, -0.003132200101390481, ... |
55 | BRK | 2015 | BNSF is subject to federal, state and local laws and regulations generally applicable to all of its businesses. Rail operations are subject to the regulatory jurisdiction of the Surface Transportation Board (STB) of the United States Department of Transportation (DOT), the Federal Railroad Administration of the DOT... | [-0.006639879196882248, -0.02107686549425125, -0.005702759139239788, -0.017235005274415016, -0.010458393953740597, -0.0016899843467399478, -0.001847560633905232, -0.010925286449491978, -0.014713785611093044, 0.0002938921970780939, -0.003274917835369706, -0.031188424676656723, -0.006012909580022097, -0.01172567345201969... |
56 | BRK | 2015 | The DOT and OSHA have jurisdiction under several federal statutes over a number of safety and health aspects of rail operations, including the transportation of hazardous materials. State agencies regulate some aspects of rail operations with respect to health and safety in areas not otherwise preempted by federal law.... | [0.007161367684602737, -0.0007971323793753982, 0.0052452716045081615, -0.022688696160912514, -0.015752362087368965, 0.01189369522035122, -0.001308008679188788, -0.0044543445110321045, -0.011734847910702229, -0.0010316803818568587, 0.0002442691766191274, -0.019816206768155098, -0.024952270090579987, 0.001159916515462100... |
57 | BRK | 2015 | BNSFs rail operations, as well as those of its competitors, are also subject to extensive federal, state and local environmental regulation covering discharges to water, air emissions, toxic substances and the generation, handling, storage, transportation and disposal of waste and hazardous materials. This regulation ... | [-0.004423529841005802, -0.011505144648253918, 0.01642458699643612, 0.002216723980382085, -0.021753981709480286, 0.013250753283500671, -0.0023869869764894247, -0.010962948203086853, -0.026937907561659813, -0.006803904660046101, -0.01629234291613102, -0.008113110437989235, -0.014573183842003345, -0.0032002816442400217, ... |
58 | BRK | 2015 | Many of BNSFs land holdings are and have been used for industrial or transportation-related purposes or leased to commercial or industrial companies whose activities may have resulted in discharges onto the property. As a result, BNSF is now subject to, and will from time to time continue to be subject to, environment... | [-0.012458975426852703, -0.011472918093204498, 0.007355459500104189, -0.007095620036125183, -0.023718692362308502, 0.021733250468969345, -0.0018555212300270796, -0.0029548427555710077, -0.018068846315145493, -0.0038942627143114805, -0.011839358136057854, 0.014897470362484455, -0.014231215231120586, 0.009267612360417843... |
59 | BRK | 2015 | The business environment in which BNSF operates is highly competitive. Depending on the specific market, deregulated motor carriers and other railroads, as well as river barges, ships and pipelines in certain markets, may exert pressure on price and service levels. The presence of advanced, high service truck lines wit... | [-0.022653769701719284, -0.016183186322450638, 0.017380446195602417, 0.02102603390812874, -0.01688270829617977, 0.006369691342115402, -0.008670044131577015, 0.0004678897967096418, -0.03188208490610123, -0.011259622871875763, -0.020070917904376984, 0.010956944897770882, 0.004287939053028822, -0.00855569913983345, -0.007... |
60 | BRK | 2015 | As railroads streamline, rationalize and otherwise enhance their franchises, competition among rail carriers intensifies. BNSFs primary rail competitor in the Western region of the United States is the Union Pacific Railroad Company. Other Class I railroads and numerous regional railroads and motor carriers also opera... | [-0.013295299373567104, 0.0021163609344512224, 0.01942499354481697, 0.00502780033275485, -0.009936833754181862, 0.003193510929122567, -0.008531425148248672, 0.01086057722568512, -0.007977179251611233, -0.012417742982506752, -0.024307632818818092, 0.006169282831251621, 0.001962953479960561, -0.015136186964809895, -0.014... |
61 | BRK | 2015 | Berkshire currently owns an 89.9% voting common stock interest in Berkshire Hathaway Energy Company (or BHE). BHE is an international energy company with subsidiaries that generate, transmit, store, distribute and supply energy. BHEs businesses are managed as separate operating units. BHEs domestic regulated energy... | [-0.003118806052953005, -0.01738046668469906, 0.006953512318432331, -0.03380639851093292, 0.0010804790072143078, 0.012561396695673466, -0.0009984488133341074, -0.006635334342718124, -0.005339422263205051, -0.017977049574255943, -0.016028210520744324, 0.013529187999665737, -0.009326588362455368, -0.012110644951462746, 0... |
62 | BRK | 2015 | PacifiCorp is a regulated electric utility company headquartered in Oregon, serving electric customers in portions of Utah, Oregon, Wyoming, Washington, Idaho and California. The combined service territorys diverse regional economy ranges from rural, agricultural and mining areas to urban, manufacturing and government... | [0.0072662984021008015, -0.016631601378321648, 0.014345425181090832, -0.015361503697931767, -0.020535482093691826, 0.017888329923152924, 0.011865390464663506, -0.013556626625359058, 0.021030152216553688, -0.03222038596868515, 0.0012241406366229057, 0.0025953452568501234, -0.0018232594011351466, -0.026658691465854645, 0... |
63 | BRK | 2015 | MidAmerican Energy Company (MEC) is a regulated electric and natural gas utility company headquartered in Iowa, serving electric and natural gas customers primarily in Iowa and also in portions of Illinois, South Dakota and Nebraska. MEC has a diverse customer base consisting of urban and rural residential customers ... | [-0.007183920592069626, -0.008805042132735252, -0.0014691412216052413, -0.02584642544388771, -0.014027928933501244, 0.04753546044230461, -0.006896302569657564, -0.007314656395465136, 0.004817606415599585, -0.02520582266151905, 0.007412707898765802, 0.019126616418361664, 0.009086123667657375, -0.009151491336524487, 0.00... |
64 | BRK | 2015 | NV Energy, Inc. (NV Energy), acquired by BHE on December 19, 2013, is an energy holding company headquartered in Nevada, primarily consisting of two regulated utility subsidiaries, Nevada Power Company (Nevada Power) and Sierra Pacific Power Company (Sierra Pacific) (collectively, the Nevada Utilities). Nevada ... | [-0.0029722016770392656, -0.018989812582731247, 0.017362499609589577, -0.01960846036672592, -0.021760281175374985, 0.0018509015208110213, 0.011377749033272266, -0.014955149963498116, -0.004458302166312933, -0.03198142722249031, -0.0027721496298909187, 0.007363259792327881, 0.011014629155397415, 0.0038295674603432417, 0... |
65 | BRK | 2015 | As vertically integrated utilities, BHEs domestic utilities own approximately 26,000 net megawatts of generation capacity in operation and under construction. There are seasonal variations in these businesses that are principally related to the use of electricity for air conditioning and natural gas for heating. Typic... | [0.006417862605303526, -0.010843513533473015, 0.007808399386703968, -0.007146557327359915, -0.007861881516873837, 0.01448030211031437, -0.0010780002921819687, 0.005157688166946173, -0.01240786723792553, -0.022636335343122482, 0.007808399386703968, 0.023264750838279724, -0.013785033486783504, -0.017154410481452942, 0.00... |
66 | BRK | 2015 | The Great Britain utilities consist of Northern Powergrid (Northeast) Limited and Northern Powergrid (Yorkshire) plc, which own a substantial electricity distribution network that delivers electricity to end-users in northeast England in an area covering approximately 10,000 square miles. The distribution companies pri... | [0.014865837059915066, -0.01884143240749836, 0.008371054194867611, -0.03663320094347, -0.015456272289156914, 0.020061664283275604, 0.0004477464244700968, -0.0035163674037903547, -0.01936626248061657, -0.034455154091119766, -0.015613720752298832, 0.01663714088499546, -0.017122609540820122, -0.0038575076032429934, 0.0012... |
67 | BRK | 2015 | BHE acquired AltaLink L.P. (AltaLink) on December 1, 2014. AltaLink is a regulated electric transmission-only utility company headquartered in Calgary, Alberta. AltaLink connects generation plants to major load centers, cities and large industrial plants throughout its 87,000 square mile service territory. AltaLink r... | [0.006240650080144405, -0.00796490628272295, 0.014651074074208736, -0.024785753339529037, -0.012610534206032753, 0.005506055895239115, -0.012358867563307285, 0.0031373295933008194, 0.013236300088465214, -0.02202422358095646, -0.006295064464211464, 0.002445246558636427, -0.006876618135720491, -0.020718278363347054, -0.0... |
68 | BRK | 2015 | The natural gas pipelines consist of Northern Natural Gas Company (Northern Natural) and Kern River Gas Transmission Company (Kern River). Northern Natural is based in Nebraska and owns the largest interstate natural gas pipeline system in the United States, as measured by pipeline miles, reaching from southern Tex... | [0.0022274956572800875, -0.014149979688227177, 0.014070485718548298, -0.012354734353721142, -0.008565506897866726, 0.013196048326790333, -0.014732937328517437, -0.005488416645675898, -0.0034546884708106518, -0.02016504667699337, -0.005899136886000633, -0.0032592648640275, -0.013196048326790333, -0.00920808594673872, 0.... |
69 | BRK | 2015 | Kern River is based in Utah and owns an interstate natural gas pipeline system that consists of approximately 1,700 miles and extends from supply areas in the Rocky Mountains to consuming markets in Utah, Nevada and California. Kern River transports natural gas for electric utilities and natural gas distribution utilit... | [0.0026755770668387413, -0.00467608543112874, 0.010083220899105072, -0.003444496775045991, -0.010590345598757267, 0.01518739853054285, -0.01962638646364212, -0.017202725633978844, 0.0034280316904187202, -0.017979877069592476, -0.01894143968820572, 0.0010628214804455638, -0.0079493448138237, -0.018980955705046654, 0.004... |
70 | BRK | 2015 | BHE Renewables is based in Iowa and owns interests in independent power projects that are in service or under construction in California, Illinois, Texas, Nebraska, New York, Arizona, the Philippines, Kansas and Hawaii. These independent power projects sell power generated primarily from solar, wind, geothermal and hyd... | [-0.017104841768741608, -0.028365083038806915, -0.014035086147487164, -0.014665124006569386, -0.013994870707392693, 0.012895656749606133, -0.010630203410983086, 0.001787898363545537, 0.0013916116440668702, -0.03225254639983177, 0.017198678106069565, 0.014464047737419605, -0.0033227764070034027, -0.007332562003284693, 0... |
71 | BRK | 2015 | PacifiCorp, MEC and the Nevada Utilities are subject to comprehensive regulation by various federal, state and local agencies. The Federal Energy Regulatory Commission (FERC) is an independent agency with broad authority to implement provisions of the Federal Power Act, the Natural Gas Act (NGA), the Energy Policy ... | [0.006745381746441126, -0.01215983647853136, 0.0030483612790703773, -0.02751927450299263, 0.0011494372738525271, 0.004443146288394928, -0.0047355471178889275, -0.014344438910484314, 0.00022035081929061562, -0.025785036385059357, 0.008859405294060707, 0.01740960404276848, 0.017530597746372223, -0.004301987122744322, -0.... |
72 | BRK | 2015 | With certain limited exceptions, BHEs domestic utilities have an exclusive right to serve retail customers within their service territories and, in turn, have an obligation to provide service to those customers. In some jurisdictions, certain classes of customers may choose to purchase all or a portion of their energy... | [0.0021096221171319485, -0.018131621181964874, -0.0055818138644099236, -0.009038828313350677, -0.015163647010922432, 0.0011618941789492965, 0.027089504525065422, 0.00797980185598135, -0.013308663852512836, -0.028735380619764328, -0.00710290065035224, 0.029841626062989235, 0.004320424981415272, -0.01625640131533146, -0.... |
73 | BRK | 2015 | Northern Powergrid (Northeast) and Northern Powergrid (Yorkshire) each charge fees for the use of their distribution systems that are controlled by a formula prescribed by the British electricity regulatory body, the Gas and Electricity Markets Authority. The current eight-year price control period runs from April 1, 2... | [-0.0018420061096549034, -0.02172183245420456, 0.00655741011723876, -0.04299551993608475, -0.017095398157835007, -0.001622052863240242, -0.0030414520297199488, -0.005680892150849104, -0.023962555453181267, -0.03239822015166283, 0.0003101589099969715, 0.01688450761139393, -0.0004703870799858123, 0.01799168810248375, 0.0... |
74 | BRK | 2015 | AltaLink is regulated by the AUC, pursuant to the Electric Utilities Act (Alberta), the Public Utilities Act (Alberta), the Alberta Utilities Commission Act (Alberta) and the Hydro and Electric Energy Act (Alberta). The AUC is an independent quasi-judicial agency with broad authority that may impact many of AltaLinks ... | [0.010574938729405403, -0.01225980557501316, 0.018369160592556, -0.03846428543329239, -0.0161774642765522, 0.001612095977179706, -0.005941553972661495, -0.01610897295176983, 0.0026779798790812492, -0.0192184429615736, 0.005078573245555162, -0.001803013263270259, -0.0017944519640877843, -0.01715002954006195, -0.01497203... |
75 | BRK | 2015 | The natural gas pipelines are subject to regulation by various federal, state and local agencies. The natural gas pipeline and storage operations of Northern Natural and Kern River are regulated by the FERC pursuant to the Natural Gas Act and the Natural Gas Policy Act of 1978. Under this authority, the FERC regulates,... | [0.0098123075440526, -0.012403865344822407, -0.0020870936568826437, -0.02075883373618126, -0.008519826456904411, -0.0012323084520176053, -0.0006301671382971108, -0.0017804590752348304, 0.011559795588254929, -0.025335272774100304, 0.0006433557136915624, -0.01010245643556118, -0.004032410215586424, 0.0084868548437953, 0.... |
76 | BRK | 2015 | BHE and its energy businesses are subject to federal, state, local and foreign laws and regulations regarding air and water quality, renewable portfolio standards, emissions performance standards, climate change, coal combustion byproduct disposal, hazardous and solid waste disposal, protected species and other environ... | [0.0071382480673491955, -0.024141937494277954, -0.005091201979666948, -0.017538562417030334, -0.013107698410749435, 0.008716454729437828, 0.006550547666847706, 0.0019017718732357025, -0.018502656370401382, -0.026228604838252068, 0.00014073442434892058, -0.0019760599825531244, -0.008247614838182926, 0.008822108618915081... |
77 | BRK | 2015 | The Federal Clean Air Act, as well as state laws and regulations impacting air emissions, provides a framework for protecting and improving the nations air quality and controlling sources of air emissions. These laws and regulations continue to be promulgated and implemented and will impact the operation of BHEs gene... | [0.002913867589086294, -0.007530219852924347, -0.003175788326188922, -0.03389253839850426, -0.006816485896706581, 0.022250162437558174, -0.015230688266456127, 0.004914287012070417, -0.019513091072440147, -0.005241687875241041, 0.0005385744152590632, -0.00552325276657939, 0.00020953654893673956, 0.002083906438201666, -0... |
78 | BRK | 2015 | Renewable portfolio standards have been established by certain state governments and generally require electricity providers to obtain a minimum percentage of their power from renewable energy resources by a certain date. Utah, Oregon, Washington, California, Iowa and Nevada have adopted renewable portfolio standards. ... | [0.010408235713839531, -0.027037331834435463, 0.0019716115202754736, -0.01621437259018421, -0.005859649274498224, 0.007371385581791401, -0.008983457460999489, -0.008234279230237007, -0.023451976478099823, -0.022649284452199936, 0.02626139670610428, 0.01499695610255003, -0.015853160992264748, -0.008234279230237007, 0.00... |
79 | BRK | 2015 | In December 2015, an international agreement was negotiated by 195 nations to create a universal framework for coordinated action on climate change in what is referred to as the Paris Agreement. The Paris Agreement reaffirms the goal of limiting global temperature increase well below 2 degrees Celsius, while urging eff... | [-0.006344356574118137, -0.013588016852736473, -0.0048148841597139835, -0.01996847800910473, -0.0020119454711675644, 0.003840091871097684, -0.009459097869694233, -0.004348821938037872, -0.03334643691778183, -0.010181166231632233, 0.018642496317625046, 0.011428375728428364, -0.012478657066822052, -0.0001663629518589005,... |
80 | BRK | 2015 | BHE continues to take actions to mitigate greenhouse gas emissions. For example, as of December 31, 2015, BHE has invested $16 billion in solar, wind, geothermal and biomass generation. | [-0.017910314723849297, -0.019578563049435616, -0.003019529627636075, -0.004180630203336477, -0.004621047992259264, 0.0040338244289159775, -0.005028100684285164, -0.00482457410544157, -0.014360281638801098, -0.016949404031038284, 0.014733969233930111, 0.008221128024160862, -0.006803116761147976, 0.004651076626032591, 0... |
81 | BRK | 2015 | BHE also owns HomeServices of America, Inc. (HomeServices), the second largest full-service residential real estate brokerage firm and one of the largest residential real estate brokerage franchise networks in the United States. In addition to providing traditional residential real estate brokerage services, HomeServ... | [-0.008896402083337307, 0.002225744305178523, -0.026735233142971992, -0.005710661876946688, 0.005996687803417444, 0.012992823496460915, 0.0036624509375542402, 0.02503880299627781, 0.01576760783791542, -0.032271649688482285, -0.0018114994745701551, 0.00897530559450388, -0.008587362244725227, -0.01219721045345068, 0.0040... |
82 | BRK | 2015 | In October 2012, HomeServices acquired a 66.7% interest in one of the largest residential real estate brokerage franchise networks in the United States, which offers and sells independently owned and operated residential real estate brokerage franchises. HomeServices franchise network currently includes over 400 franc... | [-0.0059276968240737915, -0.0030415833462029696, -0.012212643399834633, -0.026343848556280136, 0.016221778467297554, 0.01788894273340702, 0.010982116684317589, 0.017253831028938293, 0.01757138781249523, -0.019648727029561996, -0.004452388267964125, 0.01619531400501728, -0.007257459219545126, -0.017253831028938293, 0.02... |
83 | BRK | 2015 | HomeServices principal sources of revenue are dependent on residential real estate sales, which are generally higher in the second and third quarters of each year. This business is highly competitive and subject to the general real estate market conditions. | [0.002704933052882552, -0.010872608050704002, -0.00989440456032753, -0.005442913621664047, 0.005383428186178207, 0.012353133410215378, 0.0044316621497273445, 0.003362577175721526, 0.00023732194676995277, -0.03143472597002983, 0.009676290675997734, 0.03854653611779213, -0.010595009662210941, -0.007105200085788965, 0.002... |
84 | BRK | 2015 | Berkshires numerous and diverse manufacturing businesses are grouped into three categories: (1) industrial products, (2) building products and (3) consumer products. Berkshires industrial products businesses manufacture specialty chemicals, metal cutting tools, and a variety of other products primarily for industrial... | [-0.008649153634905815, 0.010251341387629509, -0.018694404512643814, -0.03042161837220192, -0.014811924658715725, 0.028267640620470047, -0.0051256706938147545, -0.006491851061582565, -0.0018880550051108003, -0.03720266371965408, -0.018215741962194443, 0.02100793644785881, -0.01727171428501606, 0.007651941385120153, -0.... |
85 | BRK | 2015 | In September 2011, Berkshire acquired The Lubrizol Corporation (Lubrizol). Lubrizol is a specialty chemical company that produces and supplies technologies for the global transportation, industrial, oilfield and consumer markets. Since 2011, Lubrizol has completed a number of bolt-on acquisitions. On September 4, 201... | [-0.004880840424448252, 0.018084656447172165, -0.002769843442365527, -0.022723471745848656, -0.004695960320532322, 0.019173769280314445, -0.012773549184203148, -0.012598752975463867, -0.012739934958517551, -0.025910137221217155, -8.792319567874074e-05, 0.003462304128333926, 0.002092509064823389, 0.003104308620095253, 0... |
86 | BRK | 2015 | Lubrizol currently operates in three business sectors: (1) Lubrizol Additives, which includes engine additives, driveline additives and industrial specialties products; (2) Lubrizol Advanced Materials, which includes personal and home care, engineered polymers, performance coatings, and life science solutions; and (3) ... | [-0.002593433018773794, 0.013979611918330193, -0.01902647688984871, -0.0012463503517210484, -0.01178740058094263, 0.018261592835187912, -0.011145444586873055, -0.011459593661129475, -0.022850893437862396, -0.022564062848687172, -0.00419320072978735, -0.005576136987656355, 0.005849309731274843, -0.002955386880785227, -0... |
87 | BRK | 2015 | From a base of approximately 2,950 patents, Lubrizol uses its technological leadership position in product development and formulation expertise to improve the quality, value and performance of its products, as well as to help minimize the environmental impact of those products. Lubrizol uses many specialty and commodi... | [0.008829626254737377, 0.00035700653097592294, -0.012108052149415016, -0.01816878281533718, -0.00638924352824688, 0.005993687082082033, -0.010807408951222897, -0.006516626104712486, -0.024095427244901657, -0.02598605304956436, -0.0017020662780851126, 0.00977493915706873, -0.015714991837739944, -0.012429861351847649, -0... |
88 | BRK | 2015 | Lubrizol markets its products worldwide through a direct sales organization and sales agents and distributors. Lubrizols customers principally consist of major global and regional oil companies and industrial and consumer products companies that are located in more than 120 countries. Some of its largest customers als... | [-0.013785955496132374, 0.001137145678512752, -0.00045730374404229224, -0.007714657112956047, 0.0011493730125948787, 0.012286064215004444, 6.037265484337695e-05, 0.013968550600111485, -0.001270016422495246, -0.022641833871603012, -0.006244111806154251, 0.008438517339527607, -0.015246719121932983, -0.014385911636054516,... |
89 | BRK | 2015 | Lubrizol continues to implement a multi-year phased investment plan to upgrade operations, ensure compliance with health, safety and environmental requirements and increase global manufacturing capacity. As part of the investment plan, Lubrizol has invested approximately $200 million to increase chlorinated polyvinyl c... | [0.0023754925932735205, -0.018345853313803673, -0.00801120139658451, -0.019191965460777283, -0.004354789853096008, 0.04053278639912605, -0.008649143390357494, -0.0013648589374497533, -0.016438744962215424, -0.004630112089216709, 0.009199787862598896, 0.01629101112484932, -0.014974836260080338, -0.004217128735035658, 0.... |
90 | BRK | 2015 | On February 26, 2014, Berkshire completed an acquisition of Phillips 66s flow improver business, which is a global supplier of pipeline flow improver products. The business was renamed Lubrizol Specialty Products, Inc. and is independently managed by a separate management team overseen by Lubrizol. | [-0.025246063247323036, -0.00317425187677145, -0.012414553202688694, -0.02629517950117588, -0.017619788646697998, 0.029267678037285805, -0.0020629274658858776, 0.0010734957177191973, -0.010538247413933277, -0.01846715249121189, -0.006879787426441908, -0.00649309391155839, 0.002177254296839237, -0.0012122010812163353, 0... |
91 | BRK | 2015 | Lubrizol is subject to foreign, federal, state and local laws to protect the environment and limit manufacturing waste and emissions. The company believes that its policies, practices and procedures are designed to limit the risk of environmental damage and consequent financial liability. Nevertheless, the operation of... | [0.004919471684843302, -0.01370856910943985, -0.0075306277722120285, -0.010256189852952957, -0.01298175286501646, 0.02119881846010685, 0.004710848443210125, -0.0026262979954481125, -0.01842614822089672, -0.013210564851760864, -0.014576711691915989, -0.008156497962772846, -0.015761153772473335, 0.0016588916769251227, -0... |
92 | BRK | 2015 | Berkshire acquired an 80% interest in IMC International Metalworking Companies B.V. (IMC) in 2006. On April 29, 2013, Berkshire acquired the remaining 20% noncontrolling interests of IMC. Through its subsidiaries, IMC is one of the worlds three largest multinational manufacturers of consumable precision carbide meta... | [-0.038808226585388184, -0.00962181854993105, 0.007314989343285561, -0.05755706503987312, 0.0008554492378607392, 0.02704005315899849, -0.04495977237820625, 0.0023034862242639065, -0.003082459094002843, -0.016341714188456535, 0.012851379811763763, 0.010230286978185177, 0.009782293811440468, -0.017799362540245056, -0.001... |
93 | BRK | 2015 | IMC has five primary product lines: milling tools, gripping tools, turning/thread tools, drilling tools and tooling. The main products are split within each product line between consumable cemented tungsten carbide inserts and steel tool holders. Inserts comprise the vast majority of sales and earnings. Metal cutting i... | [-0.04603059962391853, 0.011224010959267616, 0.002289374126121402, -0.022691141813993454, -0.021543078124523163, 0.009988154284656048, -0.03438788652420044, -0.011399596929550171, -0.016748223453760147, -0.01782875321805477, 0.008569957688450813, 0.018396032974123955, -0.003798740217462182, -0.012453114613890648, -0.01... |
94 | BRK | 2015 | IMCs global sales and marketing network has representatives in virtually every major manufacturing center around the world staffed with highly skilled engineers and technical personnel. IMCs customer base is very diverse, with its primary customers being large, multinational businesses in the automotive, aerospace, e... | [-0.024036742746829987, -0.0022095462772995234, -0.013201998546719551, -0.03168479725718498, -0.02112319879233837, 0.007726096082478762, -0.008903220295906067, 0.013527171686291695, 0.010438033379614353, -0.010646143928170204, 0.00019947293912991881, 0.009423496201634407, -0.007830151356756687, -0.027678674086928368, -... |
95 | BRK | 2015 | IMC competes in the metal cutting tools segment of the global metalworking tools market. The segment includes hundreds of participants who range from small, private manufacturers of specialized products for niche applications and markets to larger, global multinational businesses (such as Sandvik and Kennametal, Inc.) ... | [-0.03620891645550728, -0.012966887094080448, 0.011212269775569439, -0.0169347133487463, -0.023129044100642204, 0.032088227570056915, -0.04011692851781845, 0.005503117572516203, -0.017267027869820595, -0.00945765245705843, 0.010879955254495144, 0.021746618673205376, 0.006666216067969799, -0.033630162477493286, -0.00660... |
96 | BRK | 2015 | In 2008, Berkshire acquired approximately 64% of the outstanding common stock of Marmon Holdings, Inc. (Marmon), a private company then owned by trusts for the benefit of members of the Pritzker Family. Since that time, Berkshire has acquired substantially all of the remaining outstanding common stock. Marmon is curr... | [-0.01463942788541317, -0.013323749415576458, 0.009490249678492546, -0.05436357110738754, 0.0051591964438557625, 0.025578927248716354, -0.03309899941086769, -0.011340213939547539, -0.019488070160150528, -0.004120678640902042, -0.020209357142448425, 0.008388285525143147, -0.022680427879095078, -0.012475570663809776, 0.0... |
97 | BRK | 2015 | Marmon manufacturing includes Marmon Engineered Components Company (Engineered Components), Marmon Food, Beverage & Water Company (Food, Beverage & Water), Marmon Retail & Highway Technologies Company (Retail & Highway) and the Engineered Wire & Cable operations within Marmon Energy Services Company (Energy Serv... | [-0.008889282122254372, -0.0069116814993321896, -0.0033682044595479965, -0.03854667767882347, -0.002850655233487487, -0.0014922948321327567, 0.0029465588741004467, -0.030927293002605438, -0.012361657805740833, -0.006653733551502228, -0.01656157895922661, 0.02738216333091259, -0.008558579720556736, -0.01672031544148922,... |
98 | BRK | 2015 | Engineered Components includes the following three sectors: Distribution Services provides specialty metal pipe, tubing, and beams and related value-added services to markets such as construction, aerospace, industrial, and many others; Tubings, Fittings & Wire Products supplies electrical building wire, copper tube fo... | [-0.011698054149746895, 0.006865651812404394, -0.01574394665658474, -0.02199481427669525, -0.012529213912785053, 0.010173116810619831, -0.005883372388780117, -0.014287699945271015, 0.001609942177310586, -0.019384562969207764, -0.01840915158390999, 0.006216523237526417, -0.0017739415634423494, 0.002768241800367832, -0.0... |
99 | BRK | 2015 | Food, Beverage & Water includes the following three sectors: Foodservice Technologies supplies commercial food preparation equipment for restaurants and fast food chains; Beverage Technologies produces beverage dispensing and cooling equipment to foodservice retailers as well as on-shelf management systems for single-s... | [0.024778753519058228, -0.01059846393764019, -0.018777858465909958, -0.00648203631862998, 0.006515448912978172, 0.00552977854385972, -0.006612345576286316, -0.012783645652234554, 0.0007016637246124446, -0.021704798564314842, 0.002497588749974966, 0.01639888435602188, -0.010237608104944229, 0.004724536091089249, 0.00420... |
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