Berkshire Hathaway

Berkshire Hathaway is a diversified holding company known for its extensive portfolio of subsidiaries across various industries. The company's primary business segment is insurance, with significant operations through Geico and Berkshire Hathaway Reinsurance Group, offering a range of products including property, health, and accident insurance. In addition to its insurance activities, Berkshire Hathaway has made substantial investments in sectors such as manufacturing, retailing, and energy. Key acquisitions include Burlington Northern Santa Fe, a major freight railroad, and Berkshire Hathaway Energy, which focuses on utility and energy distribution. The company’s diverse operations also encompass finance and financial products, making it a significant player in multiple markets.

Warren Buffett

Founder, CEO and Chairman

Past deals in Property Insurance

Chubb

Post in 2024
Chubb is a prominent insurance company headquartered in Zurich, Switzerland, established in 1985. It specializes in offering a comprehensive range of property and casualty insurance services tailored for both businesses and individuals. The company provides commercial and personal property and casualty insurance, as well as personal accident and supplemental health insurance. In addition to these services, Chubb also engages in reinsurance and life insurance, catering to a diverse clientele that includes multinational corporations and local enterprises. With its extensive portfolio, Chubb is committed to delivering innovative insurance solutions to meet the varied needs of its customers.

Alleghany

Acquisition in 2022
Alleghany Corporation, established in 1929 and headquartered in New York, is primarily engaged in property and casualty insurance and reinsurance businesses. The company operates through three segments: Reinsurance, Insurance, and Alleghany Capital. The Reinsurance segment offers a wide array of reinsurance products such as fire, allied lines, auto physical damage, homeowners multiple peril, casualty, liability, medical malpractice, ocean marine and aviation, accident and health, surety, credit, directors' and officers', errors and omissions, general, and auto liability reinsurance. These products are distributed through brokers and directly to insurance companies. The Insurance segment underwrites specialty insurance coverages including property, umbrella/excess liability, general liability, directors' and officers' liability, professional liability, surety products, and workers' compensation insurance. These products are sold through independent wholesale insurance brokers, retail agents, and general insurance agents. Additionally, Alleghany Capital segment engages in diverse businesses such as precision automated machine tool solutions, custom trailers and truck bodies manufacturing, toy and entertainment products, services for pharmaceutical and biotechnology industries, funeral and cemetery industries, precast concrete markets, hotel management and development services, structural steel fabrication and erection, oil exploration and production, and property ownership and management.

HomeServices of America

Acquisition in 2017
HomeServices of America, Inc. is the second largest independent residential real estate brokerage firm in the United States and operates as an affiliate of Berkshire Hathaway. The company is known for its extensive family of brands, which are deeply rooted in their respective communities while also functioning on a national scale. HomeServices provides a comprehensive range of real estate brokerage services, including mortgage, title and closing services, property and casualty insurance, home warranties, franchising, relocation, and escrow services. This diverse offering positions the company as a key player in the homeownership market, catering to the needs of customers and shaping the industry's future.

GEICO

Acquisition in 1996
GEICO, established in 1936 and acquired by Berkshire Hathaway in 1996, is a prominent provider of insurance services in the United States. Primarily known for its affordable auto insurance, the company also offers a range of additional products including homeowners, renters, condo, RV, ATV, and motorcycle insurance. GEICO emphasizes customer convenience through its mobile application, which allows users to make payments, report claims, communicate with agents, request emergency roadside assistance, and access digital ID cards. This comprehensive digital platform enhances the user experience by streamlining various aspects of insurance management, catering to a diverse clientele.
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