Vision / Traction Organizer · Annual refresh

Berkshire Hathaway Inc.

BRK.B · Financials · Generated Jul 21, 2026

Voice: Plain, patient, exact. · Berkshire's spare navy-and-cream palette and traditional serif mirror its annual-report, owner-first formality.

Vision

Page 1

Core Values

Integrity
No games
Rationality
Count the odds
Decentralization
Let managers run
Frugality
Costs matter
Long-term ownership
Decades, not quarters

Core Focus

Purpose / Cause / Passion

Increase wealth by owning enduring businesses.

Our Niche

Insurance float and diversified operating businesses.

10-Year Target

$2T market value by 2036.

Marketing Strategy

Target Market

Patient owners seeking diversified, tax-efficient compounding.

Three Uniques

1.Permanent capital
2.Insurance float discipline
3.Decentralized operators

Proven Process

1.Underwrite
2.Allocate
3.Acquire
4.Empower
5.Compound
6.Report

Guarantee

Same facts to every owner.

Traction

Page 2

3-Year Picture

Future date: Dec 31, 2029

Revenue

$520B

Profit

Operating earnings: $65B

What it looks like

Greg Abel operating rhythm established.
Insurance underwriting remains profitable.
Cash deployed without reaching.
BNSF service metrics improved.
Energy liabilities contained.
GEICO share losses reversed.

1-Year Plan

Future date: Dec 31, 2027

Revenue

$445B

Profit

Operating earnings: $50B

Goals

1.Reach $445B revenue.
2.Earn $50B operating earnings.
3.Keep insurance combined ratio below 95%.
4.Deploy $25B outside T-bills.
5.Improve BNSF operating ratio below 62%.

Rocks

This quarter

Greg Abel
Capital deployment discipline
Deploy $25B outside T-bills while preserving AAA-level liquidity.
Ajit Jain
Insurance underwriting margin
Deliver combined ratio below 95% across insurance operations.
Todd Combs
GEICO profitable growth
Grow policies in force 3% with combined ratio below 95%.
Katie Farmer
BNSF service recovery
Improve on-time performance 300 bps and operating ratio below 62%.

Issues List

1.CEO transition trust
2.Cash drag versus discipline
3.GEICO growth versus underwriting
4.PacifiCorp wildfire liabilities
5.BNSF service and labor costs
6.Catastrophe losses and social inflation
7.Equity concentration risk

Illustrative V/TO in the EOS format for Berkshire Hathaway Inc.. Not affiliated with or endorsed by the company. Generated from public information; treat as a strategy exercise.