Berkshire Hathaway Inc. (NYSE:BRK.B)’s Insurance & Reinsurance Businesses


Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, Berkshire Hathaway Inc. (NYSE:BRK.B) dropped by 0.44%. The opening price of the shares was $114.47, which climbed to an intraday high of $115.10 and dipped to a close of $114.36. Approximately 2.30 million shares were traded on Tuesday while an average volume of 3.42 million shares were traded over a 30 day period. The 52-week low of Berkshire Hathaway Inc. (NYSE:BRK.B) shares is $83.85 and its 52-week high is $119.30. Berkshire Hathaway Inc. (NYSE:BRK.B) has a market capitalization of $282.61 billion.                                        

About the company

Berkshire Hathaway Inc. (NYSE:BRK.B) was incorporated on 16 June 1998. It is a holding-company that owns subsidiaries involved in numerous diverse business-activities. It is involved in the insurance-businesses that is conducted on a primary and a reinsurance-basis. Berkshire Hathaway Inc. (NYSE:BRK.B) also has a freight rail-transportation business & a group of utility, &energy generation & distribution businesses. Berkshire Hathaway Inc. (NYSE:BRK.B) also owns & operates numerous other businesses that are involved in various activities. In 2012 October HomeServices bought a 66.7% stake in the residential real-estate brokerage franchise network in the U.S. In 2013 May, Berkshire Hathaway Inc. (NYSE:BRK.B) acquired the remaining 20% interest in the IMC International Metalworking Companies.

Insurance & Reinsurance Businesses

Berkshire Hathaway Inc. (NYSE:BRK.B)’s insurance & reinsurance business-activities are conducted various domestic & many foreign-based insurance entities. Its insurance businesses provides insurance & reinsurance of property & casualty-risks across the world. In addition the company also reinsures life, accident & health risks globally.

Berkshire Hathaway Inc. (NYSE:BRK.B)  insurance-underwriting operations are made up of the sub-groups, like GEICO &its subsidiaries, General Re &its subsidiaries, Berkshire Hathaway Reinsurance Group & Berkshire Hathaway Primary Group. GEICO insurance-subsidiaries include the Government Employees Insurance Company, GEICO Indemnity Company, GEICO General Insurance Company, GEICO Advantage Insurance Company, GEICO Casualty Company, GEICO Choice Insurance Company & GEICO Secure Insurance Company.