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You are here: Home / Archives for Berkshire Hathaway

GEICO Reports 7.7% Rise in Premiums Written for 2024

February 24, 2025 By CollisionWeek Editor

Collision claims frequency down 8-9 percent compared to 2023. Berkshire Hathaway reported its 2024 earnings on Feb. 22, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $7.813 billion in 2024, up $4.178 billion, or 114.9 percent, from $3.635 billion in 2023. The improvement […]

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

GEICO Reports Premiums Written Up 7.3% in Third Quarter

November 4, 2024 By CollisionWeek Editor

Collision claim frequency was down 8-9% in the third quarter compared to last year. Berkshire Hathaway reported its earnings for the third quarter of 2024 on November 2, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings were $5.747 billion in the first nine […]

Filed Under: News Tagged With: Berkshire Hathaway, Earnings, GEICO

GEICO Reports Premiums Written Up 10.7% in Second Quarter

August 6, 2024 By CollisionWeek Editor

Collision claim frequency was down in range of 6-7% in the quarter, but severity was up. Berkshire Hathaway reported its earnings for the second quarter of 2024 on August 3, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings in the first six months […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claim Severity, Earnings, GEICO, Net Written Premiums

GEICO Reports Premiums Written Up 7.3% in First Quarter

May 6, 2024 By CollisionWeek Editor

Collision claim frequency was down in range of 4-5% in the quarter, but severity was up 4-6%. Berkshire Hathaway reported its earnings for the first quarter of 2024 on May 4, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. GEICO’s premiums written were $10.796 billion in the […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claim Severity, Earnings, GEICO, Net Written Premiums

GEICO Reports Underwriting Profit of $3.6 Billion

February 27, 2024 By CollisionWeek Editor

Loss ratio was 81% in 2023, down 12.1 percentage points from the previous year when the company reported a $1.88 billion pre-tax underwriting loss. Berkshire Hathaway reported its 2023 earnings on February 24, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S.   GEICO’s pre-tax underwriting earnings in […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claims Severity, Earnings, GEICO, Net Written Premiums

GEICO Reports Collision Claims Severity 5-7% Higher in First Nine Months of 2023 Compared to Last Year

November 6, 2023 By CollisionWeek Editor

Frequency was down, but severity up year-to-date through third quarter. Policies in force down over 12% as company reduces advertising and focuses on profitability. Berkshire Hathaway reported its third quarter earnings, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. on November 4. GEICO’s pre-tax underwriting earnings in […]

Filed Under: News Tagged With: Berkshire Hathaway, Claim Frequency, Claim Severity, Earnings, GEICO, Policies in Force

GEICO Reports Collision Claims Severity 7-9% Higher in First Half of 2023 Compared to Last Year

August 7, 2023 By CollisionWeek Editor

Frequency was down for first half. Policies in force down 14.4% as company reduces advertising and focuses on profitability. Berkshire Hathaway reported its second quarter earnings, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. on August 5. GEICO’s pre-tax underwriting earnings in the first six months of […]

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

GEICO Reports Collision Claim Severity 7-8% Higher in First Quarter Compared to Last Year

May 8, 2023 By CollisionWeek Editor

Collision frequency was down for the quarter. Berkshire Hathaway reported its first quarter earnings, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. on May 6.   The company reported claims frequencies in the first quarter of 2023 were lower for property damage (five to six percent range) […]

Filed Under: News Tagged With: Berkshire Hathaway, Earnings, GEICO

Berkshire Hathaway Reports GEICO Collision Claims Severity 17-19% Higher in First Nine Months of 2022 Compared to Last Year

November 7, 2022 By CollisionWeek Editor

Higher used car prices and parts shortages increasing costs of claims. Berkshire Hathaway reported its third quarter 2022 earnings, including details about its GEICO subsidiary, the second largest private passenger auto insurer in the U.S. on November 5. According to the company, GEICO’s pre-tax underwriting losses in 2022 reflected increased claims severities, primarily due to […]

Filed Under: News Tagged With: Berkshire Hathaway, Earnings, GEICO

Berkshire Hathaway Reports GEICO Underwriting Loss in Third Quarter of 2021

November 8, 2021 By CollisionWeek Editor

GEICO Underwriting Results Q3 2021

While premiums written grew, claims frequencies and severity up across all coverage types in first nine months as driving levels returned to near pre-pandemic levels. Berkshire Hathaway reported its third quarter and nine-month earnings on November 6, including details about its GEICO subsidiary, the second largest auto insurer in the U.S. According to the company, […]

Filed Under: News Tagged With: Berkshire Hathaway, Earnings, GEICO

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