Property damage and collision claim frequencies rose in the 3% to 5% range through the first six months of 2026, widening the reversal that began in the first quarter. GEICO’s pre-tax underwriting earnings fell to $994 million in the second quarter of 2026, down $827 million, or 45.4%, from $1.821 billion in the second quarter […]
Auto Physical Damage Premiums Decline in Texas and Florida as Overall Total Rises 1.3%
Florida’s 5.3% drop was the largest among the 50 states, while No. 1 California gained 5.4% to $24.21 billion. Auto physical damage direct premiums written fell last year in two of the five largest states for the line, even as premiums across all reporting jurisdictions rose 1.3% to $177.4 billion, according to a Best’s Rankings […]
GEICO First-Quarter Underwriting Earnings Fall 34.8% as Claim Frequency Declines Reverse
Private passenger auto claim frequencies and severity climbed across all coverages in the first quarter, reversing recent favorable trends. GEICO’s pre-tax underwriting earnings fell to $1.416 billion in the first quarter of 2026, down $757 million, or 34.8%, from $2.173 billion in the first quarter of 2025, Berkshire Hathaway disclosed in its quarterly report filed […]
GEICO Reports $45.2 Billion Premiums Written in 2025
Private passenger auto claims frequencies for property damage and collision coverage declined while severity increased. Berkshire Hathaway reported its full year 2025 earnings on Saturday, February 28, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings totaled $6.824 billion in 2025, down $989 million, or 12.7%, […]
GEICO Reports 7.7% Rise in Premiums Written for 2024
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 […]
GEICO Reports Premiums Written Up 7.3% in Third Quarter
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 […]
GEICO Reports Premiums Written Up 10.7% in Second Quarter
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 […]
GEICO Reports Premiums Written Up 7.3% in First Quarter
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 […]
GEICO Reports Underwriting Profit of $3.6 Billion
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 […]
GEICO Reports Collision Claims Severity 5-7% Higher in First Nine Months of 2023 Compared to Last Year
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 […]