GEICO at a Glance

GEICO - Government Employees Insurance Company

The name goes back to GEICO's first customers in 1936, who were government employees and Military personnel. Founder Leo Goodwin went into business determined that he could deliver automobile insurance at reduced prices by selecting prime customer groups and marketing directly to them. Goodwin succeeded in driving down operating costs and passed on the savings to policyholders up front as discounts. GEICO continues to find ways to manage its business costs in order to offer savings to all drivers today.

Customer Base

  • 8 million auto policyholders and growing
  • GEICO insures more than 13 million vehicles

Size and Scope

  • GEICO is the fourth-largest private passenger auto insurer in the United States (A.M. Best ranking by 2006 direct premiums written)
  • GEICO's parent company, Berkshire Hathaway, is the 3rd largest property/casualty insurer in the world
  • The fastest-growing major auto insurer in the U.S., with policies-in-force growth of 8.8 percent in 2007
  • 23,000 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 all types of drivers

Leadership

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

Berkshire Hathaway Connection

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.

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

GEICO at your service

  • 24-hour service, 7 days a week, 365 days a year
  • Corporate headquarters:
    5260 Western Avenue, Chevy Chase, Md. 20815
  • Mailing address:
    One GEICO Plaza, Washington, D.C. 20076
  • Regional offices:
    Fredericksburg, Virginia
    Woodbury, New York
    Macon, Georgia
    San Diego, California
    Dallas, Texas
    Lakeland, Florida
    Virginia Beach, Virginia
    Buffalo, New York
  • Service centers:
    Coralville, Iowa
    Tucson, Arizona
    Honolulu, Hawaii

Serving the Military

GEICO has taken a special interest in serving the U.S. Military since the company's founding in 1936. GEICO provides discount programs and service options that can best serve U.S. troops at home and overseas during wartime as well as peacetime.

Products

In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATV's), boats, homes, apartments and mobile homes. Personal umbrella protection and life insurance are also available.

Information current as of January 2008.

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