GEICO officially opened a new 190,000-square-foot, three-building campus in Tampa, Fla., on May 7, with plans to add 1,500 jobs at the site as the company expands its Florida footprint to roughly 4,400 employees statewide. The build-out adds claims-handling capacity in one of the country’s largest auto insurance markets at a time when GEICO is […]
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 […]
Progressive Closes Gap with State Farm as Top U.S. Auto Insurers Reshape Market in 2025
Private passenger auto insurance premiums earned surpass $369 billion. Total direct premiums earned on private passenger auto insurance reached $369.6 billion in the U.S. in 2025, up 5.6% from $349.9 billion in 2024, according to data released March 18 by the National Association of Insurance Commissioners (NAIC). The growth rate moderated significantly compared to recent […]
Connecticut Appellate Court Rules GEICO Complaints Against Towing Companies Protected by Litigation Privilege
The Connecticut Appellate Court has affirmed the dismissal of claims brought by four towing and auto repair businesses against Government Employees Insurance Company (GEICO) and two of its employees, ruling that complaints the insurer filed with the state Department of Motor Vehicles concerning nonconsensual towing and storage fees are protected by the litigation privilege. The […]
GEICO’s Derrell Burgin Appointed to Plasnomic Plastic Repair Alliance Council
Derrell Burgin, senior director of physical damage claims at GEICO, has joined the Plastic Repair Alliance Council at Plasnomic, the organization announced March 12. Burgin is the third insurer representative appointed to the council in recent months. Allstate Auto Technical Claims Director Mike Bundra joined in January, and Allianz UK Network Manager Michael Golding was […]
Florida’s Top 5 Auto Insurance Groups Indicate Average 8% Rate Decrease for 2026
Insurance commissioner credits legislative reform for reductions. Florida’s five largest auto insurance groups are indicating an average rate decrease of 8% for 2026, Florida Insurance Commissioner Mike Yaworsky announced March 5. The five groups — Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA — collectively represent 78% of Florida’s auto insurance market. One of […]
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%, […]
Nancy Pierce Named CEO at GEICO
Todd Combs departs for role at JPMorgan. Adam Johnson appointed president of Berkshire Hathaway’s consumer products, service and retailing businesses including automotive. Berkshire Hathaway announced today that Nancy L. Pierce has been name chief executive officer of GEICO, effective immediately. Todd A. Combs is exiting the role to join JPMorgan Chase & Co. Pierce, who […]
GEICO Reports $11.7 Billion Premiums Written in Third Quarter
Private passenger auto claims frequencies for property damage and collision coverage down while severity increased. Berkshire Hathaway reported its third quarter 2025 earnings on Saturday, November 1, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.773 billion in the third quarter of 2025, down […]
GEICO Reports $11.1 Billion Premiums Written in Second Quarter
Premiums written up 5.2% in Q2, 5.9% for first half. Loss ratio improves despite increased claim severity. Berkshire Hathaway reported its second quarter 2025 earnings on Saturday, August 2, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.821 billion in the second quarter of […]
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