Berkshire Hathaway Inc.

Berkshire Hathaway Inc. is a multinational conglomerate based in Omaha, Nebraska. It is one of the largest and most diversified companies in the world, engaging in diverse businesses such as insurance, freight rail transportation, utilities and retail. The company was founded in 1998, but its origins go back to1839 when its predecessor, National Indemnity Company, was founded. Since then, Berkshire Hathaway has acquired numerous subsidiaries, forming the basis of today’s company.

The company’s primary business is insurance and reinsurance. It offers a wide range of property, casualty, life, accident, and health insurance products, as well as specialty insurance covers. It is also one of the world’s largest freight rail transportation companies, owning and operating several Class 1 freight railroads and many smaller regional systems in North America.

In addition to its insurance and freight businesses, Berkshire Hathaway is involved in the utilities industry, being the owner of several natural gas and electric utilities. Berkshire Hathaway also owns and operates many other businesses such as manufacturing, retail, construction, financial services, hospitality, and logistics. The company manufactures and distributes a wide range of products including boxed chocolates, specialty chemicals, metal cutting tools, flooring products, and insulation. It also franchises and services several quick service restaurants and distributes electronics components.

The company has also made several major investments in other companies. It is the majority shareholder of Kraft Heinz and owns significant stakes in companies such as Apple, Coca-Cola and American Express. Under the leadership of its chairman and CEO, Warren Buffett, Berkshire Hathaway has grown to become one of the largest and most successful companies in the world. In 2020, the company reported revenues of nearly $253 billion and net earnings of over $81 billion.