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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Texirish ✹  😊 😞
Number: of 21941 
Subject: Re: Chris Davis Interview
Date: 10/31/23 6:08 PM
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. After listening to the interview I'm pretty convinced that his reason for taking BNSF out of National Indemnity was to add resilience / bulkheads to the structure of the enterprise.

I noticed in Note 15 of the 2022 annual report that "Payments of dividends by insurance subsidiaries are restricted by insurance statues and regulations." E.G. "Without prior regulatory, our principal insurance subsidiaries may declare declare up to $35 billion as ordinary dividends during 2023." These kind of statements are always present in the AR.

When I learned of BNSF being moved out of National Indemnity, I wondered if this was to permit better access by BRK HQ to its cash flow without being restricted by the above?

OTOH I don't know how much moving BNSF out might impact the amount of dividends the insurance subs can send to HQ as an offset.

Just a thought.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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