FNMA made more profit then Bufett's Berkshire Hathaway last year

What was the most profitable insurance company last year? It wasn't Berkshire Hathaway. it was not American International Group. It is? Fannie Mae, the government-backed company that insures mortgages against default. Fannie made $17.2 billion last year, versus Berkshire Hathaway's $14.8 billion. Fannie was the third-most profitable financial firm in 2012, after JPMorgan Chase and Wells Fargo. But this year, Fannie's earnings could exceed even those of JPMorgan and Wells Fargo.

BERKSHIRE HATHAWAY 2012 NET PROFIT 14.8 BILLION DOLLARS.

http://www.google.ca/finance?q=NYSE%3ABRK.A&a...qmmwAOAxgE

FNMA's NET PROFIT 17.2 BILLION DOLLARS IN 2012

http://www.fanniemae.com/resources/file/ir/pd...elease.pdf