The Berkshire Archive

2021

Index Book About

Berkshire Hathaway · Year by year

2021

Annual percentage change
Measure 2021
Per-share book value of Berkshire 19.4
Market value of Berkshire 29.6
S&P 500 with dividends included 28.7
Where 2021’s change in book value came from
Where the change came from — points of per-share book value

Assets

  • Cash27.9
  • Fixed income3.2
  • Common stocks71.5
  • Utility, energy, rail22.8
  • Other net assets28.3

Funded by

  • Net worth100.0
  • Debt7.6
  • Insurance float28.5
  • Deferred tax float17.5
What the company was made of — percent of net worth. Every dollar of net worth carried $1.54 of assets.

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

What happened

The 2021 letter The 2021 meeting

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