1997         1996         1995         1994         1993  
Revenues:
  Insurance premiums earned . . . . . . . . . .$ 4,761.1    $ 4,117.8    $   957.5    $   923.2    $   650.7
  Sales and service revenues. . . . . . . . . .  3,577.5      3,061.2      2,755.9      2,351.9      1,962.9
  Interest and dividend income. . . . . . . . .    953.3        811.9        629.2        519.0        520.7
  Income from finance businesses. . . . . . . .     31.8         25.3         26.6         24.9         22.2
  Realized investment gain(1) . . . . . . . . .  1,106.3(2)   2,484.1(3)     194.1         91.3        546.4
  Total revenues. . . . . . . . . . . . . . . .$10,430.0    $10,500.3    $ 4,563.3    $ 3,910.3    $ 3,702.9
                                               =========    =========    =========    =========    =========  
Earnings:
  Before realized investment gain and
    cumulative effect of accounting change. . .$ 1,198.1    $   883.4    $   669.9    $   491.9(4) $   520.2(5)
  Realized investment gain(1) . . . . . . . . .    703.5(2)   1,605.2(3)     125.0         61.1        356.7
  Cumulative effect of change in accounting
    for income taxes. . . . . . . . . . . . . .     --           --           --           --          (33.3)
  Net earnings. . . . . . . . . . . . . . . . .$ 1,901.6    $ 2,488.6    $   794.9    $   553.0    $   843.6 
                                               =========    =========    =========    =========    =========  
Earnings per share:
  Before realized investment gain and
    cumulative effect of accounting change. . .$  971.54    $  732.96    $  564.31    $  417.66(4) $  449.90(5)
  Realized investment gain(1) . . . . . . . . .   570.47(2)  1,331.83(3)    105.30        51.88       308.50 
  Cumulative effect of change in accounting
    for income taxes. . . . . . . . . . . . . .     --            --          --          --          (28.80)
  Net earnings. . . . . . . . . . . . . . . . .$1,542.01    $2,064.79    $  669.61    $  469.54    $  729.60 
                                               =========    =========    =========    =========    =========  
Year-end data:
  Total assets. . . . . . . . . . . . . . . . .$56,110.9    $43,409.4    $28,711.4    $20,609.6    $18,697.5
  Borrowings under investment agreements
    and other debt(6) . . . . . . . . . . . . .  2,266.7      1,944.4      1,061.7        810.7        972.4
  Shareholders' equity. . . . . . . . . . . . . 31,455.2     23,426.3     16,738.7     11,651.5     10,140.2
  Class A equivalent common shares
    outstanding, in thousands . . . . . . . . .    1,234        1,232        1,194        1,178        1,178
  Shareholders' equity per outstanding
    Class A equivalent share. . . . . . . . . .$  25,488    $  19,011    $  14,025    $   9,893    $   8,610
                                               =========    =========    =========    =========    =========  
                     

⁽¹⁾ The amount of realized investment gain/loss for any given period has no predictive value, and variations in amount from period to period have no practical analytical value, particularly in view of the unrealized appreciation now existing in Berkshire's consolidated investment portfolio.

⁽²⁾ In November 1997, Travelers Group Inc. completed its acquisition of Salomon Inc. A pre-tax realized gain of $677.9 million ($427.3 million after-tax) is included in 1997's results.

⁽³⁾ In March 1996, The Walt Disney Company completed its acquisition of Capital Cities/ABC, Inc. A pre-tax realized gain related to this transaction of $2.2 billion ($1.4 billion after-tax) is included in 1996's results.

⁽⁴⁾ Includes a charge of $172.6 million representing an other-than-temporary decline in value of investment in USAirWays Group, Inc. Preferred Stock.

⁽⁵⁾ Includes a charge of $53.6 million representing the effect of the change in U.S. Federal income tax rates on deferred taxes applicable to unrealized appreciation.

⁽⁶⁾ Excludes borrowings of finance businesses.