CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Berkshire Hathaway Reports GEICO Premiums Written Up Nearly 10% in 2021

Berkshire Hathaway Reports GEICO Premiums Written Up Nearly 10% in 2021

March 9, 2022 By CollisionWeek Editor

Second largest auto insurer reports average collision coverage severity up in 15-16% range.

Berkshire Hathaway reported its 2021 earnings, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, GEICO premiums written in 2021 increased $3.5 billion (9.9%) compared to 2020, which included a reduction of approximately $2.9 billion attributable to the GEICO Giveback program. Premiums earned in 2021 increased $2.6 billion (7.4%) compared to 2020. The GEICO Giveback Program reduced earned premiums by approximately $2.5 billion in 2020 with the remainder of the impact included in 2021.

The company reported auto

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Claim Frequency, Claim Severity, Earnings, GEICO

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • CCC Supports Future Collision Repair Industry Workforce Through CREF July 11, 2025
  • CSN Collision Adds Repair Facility to Network in Red Deer, Alberta July 11, 2025
  • Gas Prices Hold Steady in June, Down Sharply from 2024 July 11, 2025
  • NTSB Issues Safety Alert After Fatal Wisconsin Crash Linked to Texting While Driving July 11, 2025
  • BASF, Renault, Dürr Win Award for Overspray-Free OEM Two-Tone Paint Process July 11, 2025
  • Veterans Leadership Program Wins Inaugural NABC Community Partner Award July 10, 2025
  • ServiceUp Secures $55 Million Series B Funding for Vehicle Repair Platform July 10, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in