SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

 

 

TORCHMARK CORPORATION

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

891027104

(CUSIP Number)

May 8, 2015

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1 (b)

☐ Rule 13d-1 (c)

☐ Rule 13d-1 (d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes.)

 

 

 


CUSIP No.

   891027104    13G    Page 2 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   Warren E. Buffett

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   United States Citizen

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   6,353,727 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   6,353,727 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   6,353,727 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not Applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   5.6%

12      

  TYPE OF REPORTING PERSON

 

   IN


CUSIP No.

   891027104    13G    Page 3 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   Berkshire Hathaway Inc.

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   State of Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   6,353,727 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   6,353,727 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   6,353,727 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   5.6%

12      

  TYPE OF REPORTING PERSON

 

   HC, CO


CUSIP No.

   891027104    13G    Page 4 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   National Indemnity Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   3,902,514 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   3,902,514 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   3,902,514 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   3.4%

12      

  TYPE OF REPORTING PERSON

 

   IC, CO


CUSIP No.

   891027104    13G    Page 5 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   Berkshire Hathaway Life Insurance Company of Nebraska

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   174,489 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   174,489 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   174,489 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   0.2%

12      

  TYPE OF REPORTING PERSON

 

   IC, CO


CUSIP No.

   891027104    13G    Page 6 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   WestGUARD Insurance Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   State of Pennsylvania

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   551,000 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   551,000 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   551,000 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   0.5%

12      

  TYPE OF REPORTING PERSON

 

   IC, CO


CUSIP No.

   891027104    13G    Page 7 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   National Fire and Marine Insurance Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   1,439,325 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   1,439,325 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   1,439,325 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   1.3%

12      

  TYPE OF REPORTING PERSON

 

   IC, CO


CUSIP No.

   891027104    13G    Page 8 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   Columbia Insurance Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   1,011,888 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   1,011,888 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   1,011,888 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   0.9%

12      

  TYPE OF REPORTING PERSON

 

   IC, CO


CUSIP No.

   891027104    13G    Page 9 of 15 Pages

 

  1       

  NAME OF REPORTING PERSON

 

   Berkshire Hathaway Direct Insurance Company

  2      

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3      

  SEC USE ONLY

 

  4      

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

   State of Nebraska

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    5     

  SOLE VOTING POWER

 

   NONE

  6     

  SHARED VOTING POWER

 

   135,000 shares of Common Stock

  7     

  SOLE DISPOSITIVE POWER

 

   NONE

  8     

  SHARED DISPOSITIVE POWER

 

   135,000 shares of Common Stock

  9      

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   135,000 shares of Common Stock

10      

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES        

 

  Not applicable.

11      

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

   0.1%

12      

  TYPE OF REPORTING PERSON

 

   IC, CO


Explanatory Note: This Schedule 13G is being filed on account of a reduction in the outstanding number of shares of Common Stock of the Issuer and was not timely filed due to an oversight. Berkshire Hathaway Inc. and the other Reporting Persons did include the holdings in the Issuer reported in this Schedule 13G in Berkshire Hathaway Inc.’s Form 13F filed with the Commission on November 14, 2014 and in each of its subsequent Form 13Fs.

Item 1. 

 

  (a) Name of Issuer

Torchmark Corporation

 

  (b) Address of Issuer’s Principal Executive Offices

3700 South Stonebridge Drive, McKinney, TX 75070

Item 2(a). Name of Person Filing:

Item 2(b). Address of Principal Business Office:

Item 2(c). Citizenship:

 

Warren E. Buffett

3555 Farnam Street

Omaha, Nebraska 68131

United States Citizen

 

National Indemnity Company

1314 Douglas Street

Omaha, Nebraska 68102

Nebraska corporation

 

Berkshire Hathaway Life Insurance Company of Nebraska

1314 Douglas Street

Omaha, NE 68102

Nebraska corporation

 

WestGUARD Insurance Company

16 S. River Street

Wilkes-Barre, PA 18703

Pennsylvania corporation

 

National Fire and Marine Insurance Company

1314 Douglas Street

Omaha, NE 68102

Nebraska corporation

  

Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, Nebraska 68131

Delaware corporation

 

Columbia Insurance Company
1314 Douglas Street
Omaha, NE 68102
Nebraska corporation

 

Berkshire Hathaway Direct Insurance Company

1314 Douglas Street

Omaha, NE 68102

Nebraska corporation

  


  (d) Title of Class of Securities

Common Stock

 

  (e) CUSIP Number

891027104

Item 3. If this statement is filed pursuant to § 240.13d-1(b), or § 240.13d-2(b) or (c), check whether the person filing is a:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.) and Berkshire Hathaway Inc. are each a Parent Holding Company or Control Person, in accordance with § 240.13d-1(b)(1)(ii)(G).

National Indemnity Company, Berkshire Hathaway Life Insurance Company of Nebraska, WestGUARD Insurance Company, National Fire and Marine Insurance Company, Columbia Insurance Company, and Berkshire Hathaway Direct Insurance Company are each an Insurance Company as defined in section 3(a)(19) of the Act.

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially Owned

See the Cover Pages for each of the Reporting Persons.

 

  (b) Percent of Class

See the Cover Pages for each of the Reporting Persons.

 

  (c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote

 

  (ii) shared power to vote or to direct the vote

 

  (iii) sole power to dispose or to direct the disposition of

 

  (iv) shared power to dispose or to direct the disposition of

See the Cover Pages for each of the Reporting Persons.

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

See Exhibit A.

Item 8. Identification and Classification of Members of the Group.

See Exhibit A.


Item 9. Notice of Dissolution of Group.

Not Applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 20th day of April, 2018

 

/s/ Warren E. Buffett

Warren E. Buffett
BERKSHIRE HATHAWAY INC.
By:  

/s/ Warren E. Buffett

  Warren E. Buffett
  Chairman of the Board

 

NATIONAL INDEMNITY COMPANY, BERKSHIRE HATHAWAY LIFE INSURANCE COMPANY OF NEBRASKA, WESTGUARD INSURANCE COMPANY, NATIONAL FIRE AND MARINE INSURANCE COMPANY, COLUMBIA INSURANCE COMPANY, AND

BERKSHIRE HATHAWAY DIRECT INSURANCE COMPANY

By:   /s/ Warren E. Buffett
 

Warren E. Buffett

Attorney-in-Fact


SCHEDULE 13G

EXHIBIT A

RELEVANT SUBSIDIARIES AND MEMBERS OF FILING GROUP

PARENT HOLDING COMPANIES OR CONTROL PERSONS:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.)

Berkshire Hathaway Inc.

INSURANCE COMPANIES AS DEFINED IN SECTION 3(a)(19) OF THE ACT:

National Indemnity Company

Berkshire Hathaway Life Insurance Company of Nebraska

WestGUARD Insurance Company

National Fire and Marine Insurance Company

Columbia Insurance Company

Berkshire Hathaway Direct Insurance Company


SCHEDULE 13G

EXHIBIT B

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Common Stock of Torchmark Corporation may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Warren E. Buffett as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission.

 

Dated: April 20, 2018   

/S/ Warren E. Buffett

  
   Warren E. Buffett   
   Berkshire Hathaway Inc.   
Dated: April 20, 2018   

/S/ Warren E. Buffett

  
   By: Warren E. Buffett
Title: Chairman of the Board
  
   National Indemnity Company   
Dated: April 20, 2018   

/S/ Marc D. Hamburg

  
   By: Marc D. Hamburg
Title: Chairman of the Board
  
   Berkshire Hathaway Life Insurance Company of Nebraska   
Dated: April 20, 2018   

/S/ Dale D. Geistkemper

  
   By: Dale D. Geistkemper
Title: Treasurer
  
   WestGUARD Insurance Company   
Dated: April 20, 2018   

/S/ Sy Foguel

  
   By: Sy Foguel
Title: President
  
   National Fire and Marine Insurance Company   
Dated: April 20, 2018   

/S/ Dale D. Geistkemper

  
   By: Dale D. Geistkemper
Title: Treasurer
  


   Columbia Insurance Company   
Dated: April 20, 2018   

/S/ Dale D. Geistkemper

  
   By: Dale D. Geistkemper
Title: Treasurer
  
   Berkshire Hathaway Direct Insurance Company   
Dated: April 20, 2018   

/S/ Dale D. Geistkemper

  
   By: Dale D. Geistkemper
Title: Treasurer