伯克希尔·哈撒韦Berkshire Hathaway (BRK-A) 2010年年度报告「NYSE」.pdf

1、BERKSHIREHATHAWAYINC.2010ANNUAL REPORTBusiness ActivitiesBerkshire Hathaway Inc.is a holding company owning subsidiaries that engage in a number of diversebusiness activities including property and casualty insurance and reinsurance,freight rail transportation,utilitiesand energy,finance,manufacturi

2、ng,services and retailing.Included in the group of subsidiaries that underwriteproperty and casualty insurance and reinsurance is GEICO,the third largest private passenger auto insurer in theUnited States and two of the largest reinsurers in the world,General Re and the Berkshire Hathaway Reinsuranc

3、eGroup.Other subsidiaries that underwrite property and casualty insurance include National Indemnity Companyand affiliated insurance entities,Medical Protective Company,Applied Underwriters,U.S.Liability InsuranceCompany,Central States Indemnity Company,Kansas Bankers Surety,Cypress Insurance Compan

4、y,BoatU.S.and several other subsidiaries referred to as the“Berkshire Hathaway Homestate Companies.”Burlington Northern Santa Fe Corporation(“BNSF”),acquired by Berkshire on February 12,2010,operatesone of the largest railroad systems in North America.In serving the Midwest,Pacific Northwest and the

5、 Western,Southwestern and Southeastern regions and ports of the U.S.,BNSF transports a range of products andcommodities derived from manufacturing,agricultural and natural resource industries.MidAmerican EnergyHoldings Company(“MidAmerican”)is an international energy holding company owning a wide va

6、riety ofoperating companies engaged in the generation,transmission and distribution of energy.Among MidAmericansoperating energy companies are Northern Electric and Yorkshire Electricity;MidAmerican Energy Company;Pacific Power and Rocky Mountain Power;and Kern River Gas Transmission Company and Nor