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Financials: Latest Results
Berkshire Hathaway had its share of setbacks in 2011, but CEO Warren Buffett was still able to say that his company's book value growth handily outperformed the S&P 500. It was the 39th year he was able to make such a claim. Berkshire shareholders, on the other hand, underperformed the broader market in 2011 with their investment in the Omaha, Nebraska-based holding company. Earnings fell by 20.9% at Berkshire in 2011, thanks in part to high catastrophe losses in its insurance business and continued sluggishness in its housing-related businesses. Total revenues rose by 5.5% to $143.7 billion. Buffett called out five businesses for their particularly strong performance, which he expects will continue to post profit growth in 2012: BNSF, Iscar, Lubrizol, Marmon Group, and MidAmerican Energy. |
Industry: Insurance: Property and Casualty (stock)
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Headquarters
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| Rank # of Fortune 500 Companies | |
|---|---|
| California | 53 |
| Texas | 52 |
| New York | 50 |
| Company | Rank |
|---|---|
| 73 | |
| NetApp | 474 |
| NuStar Energy | 377 |
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