In 1965 Warren Buffett’s partnership, then known as the Buffett Partnership, took control of a textile company named Berkshire Hathaway. The company was destined to go out of business, but was selling for below the company’s working capital; a classic cigar butt.

Rather than continue to build the textile company into a profitable business (an almost impossible task), Warren Buffett decided to start buying equities, and eventually entire businesses, through Berkshire Hathaway and start to build what would become one of the largest corporations on earth.

Today, 55 years later, Berkshire Hathaway is widely known as a worldwide conglomerate with dozens of companies, billions in equities, and a CEO approaching his 90th year on earth. While it would prove daunting to summarize each of Berkshire’s 60+ subsidiaries in one article, it may help anyone interested in Berkshire Hathaway to understand its largest subsidiaries as well as its largest equity holdings.

Berkshire, like many other companies, categorizes their areas of operations into distinct segments within their annual report and groups their subsidiaries into the following categories:

👇 Jump to the full list of companies owned by Berkshire Hathaway broken down by sector and the number of employees.


Berkshire Hathaway’s insurance operations brought in total revenue of $75.65 billion, representing 25.04% of their total revenues, in 2022. Holdings include GEICO, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group.


GEICO, which stands for Government Employees Insurance Company, insures automobiles, motorcycles, all-terrain vehicles, and recreational vehicles, as well as homeowners, renters, and life and identity management. GEICO was purchased by Berkshire Hathaway in 1996 and is currently the second-largest auto insurer, after State Farm.

GEICO brought in 2022 revenues of $39.98 billion in 2022, or 13.23% of Berkshire Hathaway’s revenues.

Berkshire Hathaway Primary Group

The Berkshire Hathaway Primary Group consists of multiple different insurance operations which collectively offer commercial motor vehicle insurance, workers’ compensation, commercial property, healthcare liability, business owners’ insurance, as well as a number of other insurance offerings.

Berkshire Hathaway Primary Group revenues in 2022 were 13.75 billion, or 4.55% of total revenues.

Berkshire Hathaway Reinsurance Group

Berkshire Hathaway Reinsurance Group consists of a range of different reinsurance offerings to both insurance companies as well as other reinsurance groups. Their reinsurance offerings include coverages on property-casualty and life and health, most of which is written through Berkshire’s subsidiaries National Indemnity and General Re.

2022 revenues for Berkshire Hathaway Reinsurance Group were 21.92 billion, or 7.25% of total revenue.


Burlington Northern Santa Fe

Burlington Northern Santa Fe

Ten years ago, Berkshire Hathaway acquired Burlington Northern Santa Fe for $34 billion. In 2020 the company had 40,750 employees, and in 2022 net earnings reached $8.6 billion. In 2022 the railroad brought in $25.9 billion in revenue, equaling 8.57% of Berkshire’s total revenue.

Utilities and Energy

Berkshire Hathaway Energy

In the late 1990s, Berkshire acquired 90.9% of Mid-American Energy, now called Berkshire Hathaway Energy, with Greg Abel and Walter Scott owning the rest. In 2022 Berkshire’s utilities and energy businesses brought in a total of $26.39 billion in revenues, 8.73% of Berkshire’s total revenue.

Today, Berkshire Hathaway Energy is composed of numerous different operations, including PacifiCorp, NV Energy, Northern Power Grid, and others, including their recently announced purchase of Dominion Energy’s assets.

Manufacturing Businesses

Berkshire Hathaway has a number of different manufacturing companies, which together brought in revenue of $75.78 billion in 2022, or 25% of total revenue. Berkshire’s manufacturing businesses are categorized between industrial products, building products, and consumer products.

Precision Castparts

Precision Castparts Corp

Precision Castparts, which was acquired by Berkshire in 2016, produces high-quality metal components that go into complex machineries such as aerospace equipment and power and energy applications.

Lubrizol Corporation

The Lubrizol corporation was acquired by Berkshire in 2011 and is currently one of the largest manufacturers of specialty chemicals, such as additives used for engines and drivelines, as well as chemicals used for home care, performance coatings, and skincare.

International Metalworking Companies (IAC)

IMC, otherwise known as ISCAR, was acquired in 2006 and is one of a few large manufacturers of metal cutting tools that are used in a variety of different applications and markets.

Marmon Holdings

Berkshire paid $4.5 billion in 2008 to purchase Marmon Holdings, which operates in a wide range of different segments, including food service technologies, water technologies, retail solutions, metal services, plumbing, refrigeration, and more.

Berkshire’s other industrial holdings include CTB International Corp, LiquidPower Specialty Products, and a number of other, smaller corporations not laid out in their annual report.

Building Products

Separate from its industrial operations, Berkshire also owns a variety of building operations which they have acquired over the past few decades.

Clayton Homes

Clayton Homes provides both traditional on-site homes as well as manufactured homes in different regions of the United States. It is the largest supplier of manufactured and modular homes in the US. All Clayton Homes are designed, engineered, and assembled in the US.

In 2022, Clayton delivered approximately 53,000 off-site built and 11,750 site-built homes.

Shaw Industries

Shaw Industries is one of the largest carpet manufacturers in the country and currently designs and manufactures over 4000 styles of carpet and wood flooring. Shaw operates Shaw Sports Turf, Sawgrass, and Southwest Greens International, LLC, which provide synthetic sports turf, golf greens, and landscape turf products.

Shaw’s revenues are earned by selling carpets to retailers and distributors all across the country. In 2022 Shaw delivered carpet and flooring to over 46,000 retailers, distributors, and commercial users.

Johns Manville

Johns Manville

Johns Manville was acquired by Berkshire in 2001 for just under $2 billion and offers a range of different building solutions, including insulation, roofing, fiber, and nonwovens, to markets such as aerospace, automotive, appliance, filtration, and more.

MiTek Industries

MiTek Industries supplies the residential sector with engineered connectors, construction hardware, and computer manufacturing machinery. In addition, they supply commercial businesses with construction products and services such as curtain wall systems, masonry, and light gauge steel framing products.

Benjamin Moore

Benjamin Moore manufactures and retails architectural coatings, including paints, stains, and clear finishes. Benjamin Moore products are available at over 8,000 independent retailers.

Acme Brick

Acme Brick is a manufacturer and distributor of clay bricks and concrete blocks operating primarily in the south-central and southeastern United States.

Consumer Products

Berkshire Hathaway owns a number of consumer products companies in a range of different areas, such as apparel, shoes, recreational vehicles, and batteries.

Berkshire’s apparel segment consists of Fruit of the Loom, Garan (the maker of Garanimals), and the BH Shoe Holdings Group which owns and operates a large number of separate footwear companies.

Apart from apparel, Berkshire owns many other consumer products companies, including Forest River, a maker of recreational vehicles; Duracell, the worldwide maker of alkaline batteries; Albecca Inc., which distributes high-end frames; and the Richline Group, a manufacturer and distributor of precious and non-precious metals.

Service and Retailing

Berkshire Hathaway’s service and retailing businesses brought in $38.3 billion in 2022, or 12.67% of total revenue in 2022.

McLane Company

Berkshire’s Mclane Company offers wholesale distribution services to some of the most widely known companies in the country, such as Walmart, 7-eleven, and Yum Brands, which collectively make up 41.7% of Mclane’s total revenue.

The McLane Company brought in revenues of $53.21 billion in 2022, 17.6% of total revenues.

FlightSafety International

FlightSafety International

FlightSafety provides high-tech training to pilots and aircraft maintenance technicians using advanced flight simulator technology. In addition, Flight Safety designs and manufactures flight simulators for their own use as well as to sell to airlines and military organizations.


NetJets operates as a shared ownership program for customers wanting scale, flexibility, and access to a large fleet of aircraft. Customers acquire a specific percentage of the aircraft, allowing them to use it for a set number of hours per year.


TTI is a worldwide distributor of small electronic components, usually ordered in bulk, for a variety of different applications, including electronic manufacturing services, design and systems engineers, as well as military and commercial customers.

Other Services

Included in Berkshire’s services and retailing segment are a group of their smaller operations, including XTRA, Dairy Queen, BusinessWire, CORT Business Services, Buffalo News, and BH Media Group.


Berkshire Hathaway Automotive

Berkshire Hathaway Automotive

Their largest retailing business is their Berkshire Hathaway Automotive operation which, as of 2022, had 83 dealerships located in major metropolitan markets in the U.S., primarily in Arizona and Texas.

Home Furnishings Retailing

Berkshire Hathaway’s second-largest retailing segment consists of its home furnishing stores. These include Nebraska Furniture Mart, Willey Home Furnishings, Star Furniture Company, and Jordan’s Furniture. Their most notable retailing business, Nebraska Furniture Mart, operates four retail stores with a total of 4.5 million square feet of retail, warehouse, and administrative facilities.

Other Retailing

See’s Candies

Berkshire’s other retailing operations consist of a range of other businesses, which include Borsheim Jewelry, Helzberg’s Diamond Inc., Ben Bridge Jeweler, See’s Candies, The Pampered Chef, Oriental Trading Company, and Detlev Louis Motorrad.

What Companies Does Berkshire Hathaway Own?

As of the end of 2022, Berkshire Hathaway wholly owned and operated 73 companies in total. Here’s a complete list of all companies owned by Berkshire Hathaway:

2Berkshire Hathaway Reinsurance Group658
3General Re2,101
4Berkshire Hathaway Homestate Companies1,157
5Berkshire Hathaway Specialty1,427
6Berkshire Hathaway GUARD Insurance Companies1,082
7MedPro Group Inc1,201
8MLMIC Insurance Companies247
9National Indemnity Primary Group1,263
10United States Liability Insurance Companies1,089
12Central States Indemnity21
Railroad, utilities and energyEmployees
14 BNSF Railway36,250
15 BNSF Logistics575
16Berkshire Hathaway Energy Company:
17 Corporate Office32
18 PacifiCorp4,815
19 MidAmerican Energy3,411
20 NV Energy2,427
21 Northern Powergrid2,604
22 BHE Pipeline Group2,723
23 BHE Transmission748
24 BHE Renewables379
25 MidAmerican Energy Services61
26 HomeServices of America6,757
29Benjamin Moore2,026
30Brooks Sports1,253
31Clayton Homes20,229
35Forest River12,994
36Fruit of the Loom27,095
38H. H. Brown Shoe Group1,189
39IMC International Metalworking Companies13,286
40Johns Manville8,044
42LiquidPower Specialty Products, Inc447
45MiTek Inc5,974
46Precision Castparts23,164
47Richline Group2,247
48Scott Fetzer Companies1,765
49Shaw Industries20,784
Service and retailingEmployees
50Affordable Housing Partners, Inc28
52Ben Bridge Jeweler425
53Berkshire Hathaway Automotive9,802
55Business Wire417
56Charter Brokerage165
58Dairy Queen507
59Detlev Louis1,438
61Helzberg Diamonds1,575
62Jordan’s Furniture1,047
63McLane Company27,554
64Nebraska Furniture Mart4,446
66Oriental Trading1,296
67Pampered Chef320
68R.C. Willey Home Furnishings2,308
69See’s Candies2,660
70Star Furniture337
71TTI, Inc.8,896
72WPLG, Inc.212

*Alleghany Corporation (“Alleghany”) is a holding company with insurance, manufacturing and service businesses.

*Marmon Holding, Inc. (“Marmon”) is a holding company that conducts operations through more than 100 manufacturing and service businesses organized into 11 business groups.


In total, Berkshire Hathaway subsidiaries brought in total revenue of $302.1 billion and a net loss of $22.8 billion in 2022, and it is currently the seventh largest company on the Fortune 500 list.

Losses were driven primarily by investment losses in a generally weak market, not by operations. Operating earnings rose 12% over 2021.

Berkshire currently holds over $128 billion in cash and cash equivalents waiting to be deployed into another monstrous subsidiary.

While the growth of the organization has slowed in recent years, something that was bound to happen, very few companies can match the strength and competitive advantage of Berkshire Hathaway.

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