(000s omitted) ----------------------------------------- Berkshire's Share of Net Earnings (after taxes and Pre-Tax Earnings minority interests) ------------------- ------------------- 1990 1989 1990 1989 -------- -------- -------- -------- Operating Earnings: Insurance Group: Underwriting ................ $(26,647) $(24,400) $(14,936) $(12,259) Net Investment Income ....... 327,048 243,599 282,613 213,642 Buffalo News .................. 43,954 46,047 25,981 27,771 Fechheimer .................... 12,450 12,621 6,605 6,789 Kirby ......................... 27,445 26,114 17,613 16,803 Nebraska Furniture Mart ....... 17,248 17,070 8,485 8,441 Scott Fetzer Manufacturing Group 30,378 33,165 18,458 19,996 See's Candies ................. 39,580 34,235 23,892 20,626 Wesco - other than Insurance .. 12,441 13,008 9,676 9,810 World Book .................... 31,896 25,583 20,420 16,372 Amortization of Goodwill ...... (3,476) (3,387) (3,461) (3,372) Other Purchase-Price Accounting Charges ......... (5,951) (5,740) (6,856) (6,668) Interest Expense* ............. (76,374) (42,389) (49,726) (27,098) Shareholder-Designated Contributions .............. (5,824) (5,867) (3,801) (3,814) Other ......................... 58,309 23,755 35,782 12,863 -------- -------- -------- -------- Operating Earnings .............. 482,477 393,414 370,745 299,902 Sales of Securities ............. 33,989 223,810 23,348 147,575 -------- -------- -------- -------- Total Earnings - All Entities $516,466 $617,224 $394,093 $447,477 ======== ======== ======== ========