Question

Does Berkshire Hathaway have more investments in equity securities than just those listed for the Insurance and Other segment? Where are they on the balance sheet? How do you know?

March 31, 2018 (Unaudited) December 31, 2017 $ $ 50,559 48,040 19,920 166,658 25,460 78,515 21,353 164,026 ASSETS Insurance and Other: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Investments in fixed maturity securities Investments in equity securities Investment in The Kraft Heinz Company (Fair Value: 2018 - $20,272; 2017 - $25,306) Receivables Inventories Property, plant and equipment Goodwill Other intangible assets Deferred charges under retroactive reinsurance contracts Other 17,687 30,906 16.244 23,807 55,079 32,260 15,007 11,939 17,635 28,578 16,187 20,104 54,985 32,518 15,278 11,158 488,106 485,797 Railroad, Utilities and Energy: Cash and cash equivalents Property, plant and equipment Goodwill Regulatory assets Other 3,550 128,385 24,766 2,987 15,394 2,910 128,184 24,780 2,950 15,589 175,082 174.413 Finance and Financial Products: Cash and cash equivalents Short-term investments in U.S. Treasury Bills Loans and finance receivables Property, plant and equipment and assets held for lease Goodwill Other 3,772 2,641 13,845 9,920 1,492 7,793 3,213 5,856 13,748 9,931 1,493 7.644 39,463 702,651 - $ 41,885 702,095 $

Answer 1

Yes, Berkshire Hathaway has more investments in equity securities than those listed under insurance and Other segment. It is included in the other assets of Railroad, utilities and energy segment and finance and financial products segment. Other assets are the assets mentioned in the last of each segment. It is shown in the last note which is as follows:

Investment in equity securities (in million) March. 31, December 2018 31, 2017 166658 Insurance and other 164026 Railroad, utilities and energy* Finance and financial products* 1755 1961 4563 4553 172976 170540 Included in other assets