The Berkshire Archive

1992

Berkshire Hathaway · Year by year

1992

Annual percentage change
Measure 1992
Per-share book value of Berkshire 20.3
Market value of Berkshire 29.8
S&P 500 with dividends included 7.6
Where 1992’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash12.5
  • Fixed income23.3
  • Common stocks129.1
  • Financial products0.2
  • Other net assets4.6

Funded by

  • Net worth100.0
  • Debt14.4
  • Insurance float27.6
  • Deferred tax float27.7
What the company was made of — percent of net worth. Every dollar of net worth carried $1.70 of assets.

Note: figures in parentheses are losses. Source: Berkshire Hathaway annual reports.

The 1992 letter

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