Berkshire Hathaway Annual Letter to Shareholders 2024

Citations · 6

• “Berkshire last year made four payments to the IRS that totaled $26.8 billion. That's about 5% of what all of corporate America paid.”

  p#40 · confidence 95%

• “All told, we recorded operating earnings of $47.4 billion in 2024.”

  p#31 · confidence 95%

• “Over the past two decades, our insurance business has generated $32 billion of after-tax profits from underwriting, about 3.3 cents per dollar of sales after income tax. Meanwhile, our float has grown from $46 billion to $171 billion.”

  p#81 · confidence 95%

• “At yearend, Berkshire's aggregate cost (in dollars) was $13.8 billion and the market value of our holdings totaled $23.5 billion.”

  p#88 · confidence 95%

• “Berkshire shareholders during the same 1965-2024 period received only one cash dividend. On January 3, 1967, we disbursed our sole payment – $101,755 or 10¢ per A share.”

  p#41 · confidence 95%

• “Late in the year we increased our ownership of the utility operation from about 92% to 100% at a cost of roughly $3.9 billion, of which $2.9 billion was paid in cash with a balance in Berkshire "B" shares.”

  p#30 · confidence 95%