Berkshire Hathaway Inc. has filed its annual Form 11-K report with the SEC for the fiscal year ending December 31, 2023. The report details the financial statements of the Employee Savings and Stock Ownership Plan of General Re Corporation and its Domestic Subsidiaries, a subsidiary of Berkshire Hathaway. The independent audit, conducted by Deloitte & Touche LLP, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $1,423,251,807 at the end of 2023, an increase from $1,225,718,664 in the previous year. The Plan experienced a net appreciation in fair value of investments totaling $209,571,071, with contributions and other additions totaling $258,938,171, and deductions including benefits paid to participants amounting to $61,405,028. The Plan's investments are primarily in participant-directed investments and the...Show More

Berkshire Hathaway Inc. has filed its annual Form 11-K report with the SEC for the fiscal year ending December 31, 2023. The report details the financial statements of the Employee Savings and Stock Ownership Plan of General Re Corporation and its Domestic Subsidiaries, a subsidiary of Berkshire Hathaway. The independent audit, conducted by Deloitte & Touche LLP, concluded that the financial statements present fairly the net assets available for benefits, which amounted to $1,423,251,807 at the end of 2023, an increase from $1,225,718,664 in the previous year. The Plan experienced a net appreciation in fair value of investments totaling $209,571,071, with contributions and other additions totaling $258,938,171, and deductions including benefits paid to participants amounting to $61,405,028. The Plan's investments are primarily in participant-directed investments and the Berkshire B ESOP Fund, which consists solely of Berkshire Hathaway Class B common stock. The Plan allows for employee contributions, employer matching, and discretionary contributions, with various investment options available to participants. The report, signed on June 18, 2024, by Michael P. O'Dea, Chief Financial Officer of General Re Corporation, also includes a consent from the auditing firm for the incorporation of their report in future registration statements.