The Berkshire Hathaway Inc. is a company that has its reign over banking services, insurance services and financial services brands . It is a share-holding company which handles and supervises the work of many subsidiary companies. The headquarters of Berkshire Hathaway is situated in Nebraska, USA. The central business of Berkshire Hathaway lies in insurances like casualty insurance , property insurance, non standard insurance and reinsurance . Berkshire Hathaway recorded that its share holders got 25% returns annually in the last 25 years. It provides employment to more than 180,000 people. The net income of Berkshire Hathaway in the year 2005 was said to be US $8.528.
In 1888, the Hathaway manufacturing company started off as a cotton mill. Due to some problem Hathaway Company joined hands with Berkshire Fine Spinning Mills. In 1967, Berkshire Hathaway moved into the industry of insurance and it bought the National Indemnity Company . The CEO of Berkshire Hathaway is Warren Buffet.
According to the New York Stock Exchange (NYSE), a single “Class A” share of Berkshire Hathaway is sold at a whopping $10,000! Thus it is the costliest share on NYSE. Berkshire Hathaway shares are famous for not having “stock split” for even once.
Berkshire Hathaway Insurances conducts its business with the help of more than 50 international and domestic companies. It also manages insurances like accident and health insurance and life insurance. The subsidiaries of Berkshire Hathaway insurances have been rated AAA, which is the highest rating that is possible. Berkshire Hathaway acquired insurance companies like GEICO and General Re, thus, making further additions to their income.
Berkshire Hathaway is a major American company that is involved in banking, insurance and financial services.
