The Berkshire Archive

2017

Index Book About

Berkshire Hathaway · Year by year

2017

Annual percentage change
Measure 2017
Per-share book value of Berkshire 23.0
Market value of Berkshire 21.9
S&P 500 with dividends included 21.8
Where 2017’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash29.5
  • Fixed income6.1
  • Common stocks51.6
  • Financial products7.1
  • Utility, energy, rail26.5
  • Other net assets35.5

Funded by

  • Net worth100.0
  • Debt7.8
  • Insurance float32.5
  • Deferred tax float16.1
What the company was made of — percent of net worth. Every dollar of net worth carried $1.56 of assets.

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

What happened

The 2017 letter The 2017 meeting

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