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GEICO (Government Employees Insurance Company)

Just the stats on GEICO

  • 9 million auto policyholders and growing
  • GEICO insures more than 15 million vehicles
  • GEICO is the third-largest private passenger auto insurer in the United States based on 2008 market share data as reported by the National Association of Insurance Commissioners, March 2009.
  • GEICO's parent company, Berkshire Hathaway, is the 3rd largest property/casualty insurer in the world
  • GEICO is the fastest-growing major auto insurer in the U.S., with policies-in-force growth of 8.9 percent in 2008
  • 24,000 associates
  • 12 major offices around the country
  • Provides 24-hour service, 7 days a week, 365 days a year
  • Four affiliated companies meet insurance needs of drivers

    Who's at the helm?

  • Tony Nicely, Chairman, President and CEO, GEICO
  • Lou Simpson, President and CEO, Capital Operations

    What's the connection with Berkshire Hathaway?

    In 1996, GEICO became a wholly-owned subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country's most successful investors. For the past two years, Fortune magazine has named Berkshire's property-casualty insurance operation the most admired in the country.

    Who vouches for GEICO's financial strength?

    GEICO/Berkshire Hathaway and its affiliates (GEICO General, GEICO Indemnity and GEICO Casualty) enjoy the highest ratings in the industry for financial strength and claims-paying ability:

  • AAA rating from Standard and Poor's
  • Aaa from Moody's
  • A++ from A. M. Best
  • Jobs at GEICO:

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    Company Quick Look
     
    Number of employees: 24,000
    Year founded: 1936
    Corporate Type: Insurance / Finance
    Work Environment: Business Casual
    Primary Business: Auto Insurance
    Miscellaneous Info: Parent Company: Berkshire Hathaway
     
    GEICO