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GEICO is a wholly owned subsidiary of Berkshire Hathaway, which provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia.
6 de may. de 2023 · Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses.
4 de may. de 2023 · Geico, Buffett's favorite child and Berkshire's insurance crown jewel, lost market share and underwriting profit to Progressive in 2022. The company is trying to catch up with telematics and claims cost inflation, while Berkshire shareholders await updates at the annual meeting.
8 de may. de 2023 · Berkshire Hathaway shares rose as investors cheered a 12.6% jump in operating earnings and a rebound in auto insurer Geico. The conglomerate also repurchased $4.4 billion of stock and hosted a well-received annual meeting over the weekend.
5 de ago. de 2023 · Berkshire Hathaway, the conglomerate led by the billionaire Warren Buffett, posted its highest ever quarterly operating profit on Saturday, while gains from stock holdings helped Berkshire swing to...
Third-quarter earnings for Warren Buffett's Berkshire Hathaway ( BRKB) surprised to the upside Saturday as the company's insurance business — Geico in particular — delivered again....
28 de mar. de 2024 · Learn about the five companies owned by Berkshire Hathaway, a giant conglomerate led by Warren Buffett. GEICO, the insurance company, is one of the acquisitions, along with railroads, utilities, and manufacturers.
