WASHINGTON, D.C., July 31, 2012 – GEICO has been named to the 2012 Ward’s 50 top performing insurance companies for the 22nd consecutive year. The company is being recognized for its outstanding financial results in the areas of safety, consistency and performance over a five year period from 2007 - 2011. GEICO is one of only three companies so honored by the prestigious Ward Group.
“Ward Group is a leader of benchmarking and best practices in the insurance industry,” said Bill Roberts, GEICO executive vice president. “Being named as a Ward’s top 50 for 22 straight years is a significant achievement and displays to our customers that GEICO is a fiscally sound company.”
Ward Group analyzes more than 3,000 property and casualty insurance companies domiciled in the U.S., and identifies the top performers. The criteria is based on safe and consistent levels of surplus and premiums, net income, compound annual growth and profitability over a five - year average.
GEICO is one of the fastest - growing auto insurers in the country and now is the third largest private passenger auto insurer in the U.S. The insurance company made the first Ward’s top 50 list in 1991 and has been a consistent performer since that time.
GEICO was recognized on July 17 during a webinar presentation announcement of the top 50 companies. The full-list of Ward’s 2012 top 50 performers is featured on the Ward Group’s website.
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger auto insurance company in the United States. GEICO provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 11 million private passenger customers and insures more than 18 million vehicles (auto & cycle).
GEICO's online service center helps policyholders take care of policy sales, policy changes, claims reporting and to print insurance ID cards.
GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), travel trailers and motorhomes (RVs). Coverage for boats, life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency, Commercial auto insurance and personal umbrella protection are also available.
For more information, go to www.geico.com.