2023 Q3
2024 Q2
2024 Q3
Book Value
BH SE in Mio.
525,330
601,697
629,069
A share equ Q end
1,445,546
1,436,696
1,437,608
BV per A
363,413
418,806
437,580
BV per B
242.28
279.20
291.72
current B share price
351.7
428.36
452.14
Mcap
762,598
923,135
975,000
BV multiple
1.45
1.53
1.55
Cash
cash & equiv.
25,573
36,884
32,287
treasury bills
126,401
234,618
288,031
cash railroad
5,267
5,440
4,894
payable for treasuries
-14,868
Total
157,241
276,942
310,344
Cash % of Market Cap
20.6%
30.0%
31.8%
Operating Earnings
Insurance underwriting
2,422
2,263
750
Insurance investment
2,470
3,320
3,664
BNSF
1,221
1,227
1,383
BHE
498
655
1629
Pilot
183
171
198
MSR
3,341
3,209
3,144
non-controlled businesses
226
220
199
other
400
533
-877
Operating Earnings
10,761
11,598
10,090