GEICO Honors and Ratings

Below are some of the industry honors and ratings that GEICO (or its parent company Berkshire Hathaway) has received for its financial strength, commitment to providing good customer service, and credit-worthiness.

Financial Ratings:

A.M. Best

  • Financial strength rating: A++ (Superior)
  • Debt rating on company's existing debt securities: aaa
  • The outlook for both ratings - stable

Information current as of May 24, 2011

Standard and Poor's (S&P)

  • Corporate credit rating: AA+
  • Financial strength rating of its subsidiaries: AA+

Information current as of August 8, 2011

Moody's Investors Services

  • Berkshire Hathaway holds Aa2 rating
  • Aa1 rating for Insurance Financial Strength

Information current as of March 15, 2012

Fitch

  • Berkshire Hathaway insurance units – financial strength rating: AA+ (Information current as of April 23, 2012)
  • Berkshire Hathaway – issuer default rating: AA- (Information current as of August 15, 2011)

Ward Group

  • GEICO was named to the Ward's 50 top group of financially high-performing insurers for the 21st consecutive year. The 2011 award recognizes that GEICO achieved outstanding financial results in the areas of safety, consistency, and performance. Companies in the Ward's top 50 also have produced excellent returns on average equity and assets, total revenue, growth in revenue, surplus to written premium and combined ratio over a five-year average.

Information current as of July 12, 2011

Insurance Information Institute 2015 Insurance Fact Book

  • Berskhire Hathaway is named a leading company in world insurance markets.
    • #1 global insurance company by revenues, 2013
      [Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies. Original source: Fortune.]
    • #2 writer or private passenger auto insurance by direct premiums written, 2013
      [Before reinsurance transactions, includes state funds. Based on U.S. total, includes territories.]

Customer Satisfaction Ratings:

Forrester Survey

  • GEICO was rated superior by consumers again in 2007 for its customer advocacy. Forrester defines it as "the perception by customers that a firm [GEICO] does what's best for them, not just what's best for its own bottom line."

Kanbay Research Institute

  • Rated GEICO #1 as the most desired insurer among consumers based on:
    • high regard for customer service
    • focus on staff training and development
  • Consumers praise speed of GEICO's telephone operations, along with associates' strong knowledge base and courtesy.
  • geico.com earned high marks for functionality with rate quotes typically processed in 15 minutes.

Customer Respect Group

  • GEICO earned top honors in a survey that evaluated how auto insurers treat their online customers. Customers evaluated site usability, communication and trust of personal data.

Brand Keys Customer Loyalty Engagement Index

  • 2008 – GEICO earned top honors among car insurance companies for its ability to create loyal customers.

Honors:

Black EOE Journal

  • GEICO recognized for excellence in diversity, and included in the "2009 Annual Yearbook" in the Top Banks, Financial Institutions & Insurance Company category.

Hispanic Network Magazine

  • Named a "2009 Best of the Best" in the Top Banks, Financial Institutions & Insurance Company category, and recognized for excellence in diversity.

Professional Woman's Magazine

  • GEICO recognized for excellence in diversity and as a "2009 Best of the Best" in the Top Banks, Financial Institutions & Insurance Company category.

Fortune's Most Admired List

  • Berkshire Hathaway ranks #1 in the property and casualty insurance industry and #3 among America's Most Admired Companies.

Barron's

  • Berkshire Hathaway named among top 3 most highly respected companies in the world.

Harris Interactive Survey

  • Berkshire Hathaway is at the top of the list for its overall business strategy and was named the nation's most admired company following the global financial crisis.

Ethisphere Magazine

  • GEICO named a leader in ethical practices in property/casualty industry.
  • Berkshire Hathaway named a leader in ethical practices in financial services industry.

National Urban League's Whitney M. Young Jr. Award

  • Awarded to GEICO in 2008 for its commitment to diversity and community efforts.
  • Recognizes companies that show dedication to diversity in the workforce at the management and non-management levels.

The Washington Consumers' Checkbook

  • Voted Best Buy

Forrester Research, Inc.

  • GEICO included on Forrester Research's Top Ten Financial Service Web Site Best Practices of 2008 for its easy-to-use Policyholder Service Center on geico.com.

Careers:

Careerbuilder

  • GEICO's Tucson office was named a "Top Company to Work for in Arizona" in 2013 and 2014.

Virginia Business

  • In 2014, 2013 and 2012, GEICO's Fredericksburg and Virginia Beach, Va. offices were named "Best Places to Work in Virginia."

Universum

  • Named a "Top 100" ideal employer among information technology students in 2010.

The Black Collegian and IMDiversity, Inc.

  • Recognized as a "Top 100 Employer" in 2011, 2010 and 2009.

Potentialpark

Virginian-Pilot Best of Hampton Roads

  • In 2013, GEICO and its Virginia Beach, Va. office were voted "Best Insurance Company," "Best Employer for Advancement and Benefits" and "Most Enjoyable Place to Work."

Awards:

Forrester Research, Inc.

  • GEICO achieved the highest overall score in Forrester Research's 2014 US Mobile Auto Insurance Functionality Benchmark. With perfect scores in policy information and management categories, Forrester proclaimed GEICO as "The pocket auto insurer."

Greater Macon Chamber of Commerce

  • GEICO named 2012 "Business of the Year" for its efforts to improve the local Macon, Ga. economy, and its support of local charitable and civic causes.

Keynote (2015)

  • GEICO's Mobile App and insurance site received a #1 ranking on Keynote's 2015 Mobile Insurance Scorecard, competing against top insurers.
  • After reviewing approximately 100 criteria across mobile web and mobile app channels (on both Android and iOS), GEICO was awarded the highest overall score in all four performance categories (functionality, ease of use, privacy and security and quality and availability).

Keynote Competitive Research (2011)

  • GEICO is ranked first for technical quality according to Keynote KCR (2011).

    Best Technical Quality Award

American Brand Excellence Awards

  • GEICO earns top honors in the financial/insurance category for 2010.
Direct Marketing Association
  • GEICO honored as 2010 Marketer of the Year for outstanding achievements in multichannel direct marketing.

Web Marketing Association's WebAwards (2007)

  • geico.com was awarded the Insurance Standard of Excellence WebAward

The WebAwards recognize the best design, copy writing, innovation, content, interactivity, navigation and use of technology on Web sites within 96 industries.

Webby Award

  • Awarded "2005 Webby Award" for the Best Insurance Site.

Red Hat, Inc.

  • Received a JBoss Innovation Award in the "Superior Alternative" category.

Get more facts and information about GEICO.

Information current as of June 2016