v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Investments in fixed maturity securities $ 15,084 $ 15,364
Investments in equity securities 267,923 271,588
Equity method investments 25,323 31,134
Loans and finance receivables 28,722 27,798
Inventories 24,371 24,008
Equipment held for lease 18,123 17,828
Goodwill [1] 84,251 83,880
Total assets 1,163,968 1,153,881
Liabilities    
Life, annuity and health insurance benefits 17,865  
Income taxes, principally deferred 82,991 85,870
Total liabilities 493,692 502,226
Shareholders’ equity:    
Common stock 8 8
Capital in excess of par value 35,624 35,665
Accumulated other comprehensive income (1,895) (3,584)
Retained earnings 713,191 696,218
Treasury stock, at cost (78,939) (78,939)
Berkshire shareholders' equity 667,989 649,368
Noncontrolling interests 2,287 2,287
Total shareholders’ equity 670,276 651,655
Total liabilities and shareholders' equity 1,163,968 1,153,881
Insurance and Other [Member]    
Assets    
Cash and cash equivalents [2] 96,193 44,333
Short-term investments in U.S. Treasury Bills 243,605 286,472
Investments in fixed maturity securities 15,084 15,364
Investments in equity securities 267,923 271,588
Equity method investments 25,323 31,134
Loans and finance receivables 28,722 27,798
Other receivables 47,473 43,887
Inventories 24,371 24,008
Property, plant and equipment 30,374 30,071
Equipment held for lease 18,123 17,828
Goodwill 57,096 56,860
Other intangible assets 34,079 34,638
Deferred charges - retroactive reinsurance 8,474 8,797
Other 25,699 24,994
Total assets 922,539 917,772
Liabilities    
Unpaid losses and loss adjustment expenses 118,788 115,151
Unpaid losses and loss adjustment expenses - retroactive reinsurance contracts 31,733 32,443
Unearned premiums 32,414 30,808
Life, annuity and health insurance benefits 17,865 17,616
Other policyholder liabilities 10,634 10,703
Accounts payable, accruals and other liabilities 36,988 37,489
Payable for purchases of U.S. Treasury Bills 0 12,769
Aircraft repurchase liabilities and unearned lease revenues 9,747 9,356
Notes payable and other borrowings 45,040 44,885
Liabilities, excluding income taxes, principally deferred, Total 303,209 311,220
Railroad, Utilities and Energy [Member]    
Assets    
Cash and cash equivalents [2] 4,293 3,396
Receivables 4,323 4,503
Property, plant and equipment 179,366 175,030
Goodwill 27,155 27,020
Regulatory assets 5,241 5,349
Other 21,051 20,811
Total assets 241,429 236,109
Liabilities    
Accounts payable, accruals and other liabilities 18,382 18,226
Regulatory liabilities 7,130 7,033
Notes payable and other borrowings 81,980 79,877
Liabilities, excluding income taxes, principally deferred, Total $ 107,492 $ 105,136
[1] Net of accumulated goodwill impairments of $11.5 billion as of June 30, 2025 and December 31, 2024 and $11.1 billion as of December 31, 2023.
[2] Includes U.S. Treasury Bills with maturities of three months or less when purchased of $67.0 billion at June 30, 2025 and $14.4 billion at December 31, 2024.