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GEICO Reports $11.5 Billion Premiums Written in First Quarter

May 6, 2025 By CollisionWeek Editor Leave a Comment

Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, 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 $2.173 billion in the first quarter of 2025, up $245 […]

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

Fayetteville Technical Community College and Caliber Celebrate Partnership

April 9, 2025 By CollisionWeek Editor

Fayetteville Technical Community College (FTCC), in Fayetteville, N.C. welcomed representatives from Caliber to campus April 3 in a day of events showcasing the power of partnership. FTCC and Caliber have a longstanding relationship centered around the automotive and repair service company’s Changing Lanes education program. Through the no-cost, 15-week program, which is a Career Skills […]

Filed Under: News Tagged With: Agreements Signed, Caliber, Donations, Fayetteville Technical Community College, GEICO, Liberty Mutual Insurance

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

New York State Secures $11.3 Million from Auto Insurance Companies Over Data Breaches 

November 26, 2024 By CollisionWeek Editor

New York Attorney General Letitia James and New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today secured $11.3 million in penalties from two auto insurance companies, the Government Employees Insurance Company (GEICO) and The Travelers Indemnity Company (Travelers), for having poor data security which led to the personal information of more […]

Filed Under: News Tagged With: Attorney General, Data-Breach, GEICO, Lawsuits, New York State, Travelers

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

Seth Ingall Named Chief Legal Officer at Crash Champions

August 22, 2024 By CollisionWeek Editor

Ingall served more than 35 years at GEICO in various leadership capacities. Crash Champions today announced the appointment of longtime insurance industry executive Seth Ingall as the organization’s Chief Legal Officer. Ingall brings more than 35 years of industry experience to the position, most recently serving as Senior Vice President & Chief Legal Officer at […]

Filed Under: News Tagged With: Crash Champions, GEICO, People

U.S. Auto Insurers’ Strong Performance Recovery to Continue Through 2025

August 15, 2024 By CollisionWeek Editor

Fitch Ratings says premium increases and moderating claims severity benefiting auto insurance companies. The improving, more favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025, Fitch Ratings says. Several rounds of material price increases and a moderation of claims severity trends has vastly […]

Filed Under: News Tagged With: Auto Insurance, Cincinnati Financial Corporation, Combined Ratio, GEICO, Net Written Premiums, Progressive Insurance, State Farm, The Hartford

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 Partners with AsTech to Use Rules Engine on Pre/Post Diagnostic Scan Reimbursement for ARX Shops

July 11, 2024 By CollisionWeek Editor

In an email to GEICO Auto Repair Xpress (ARX) direct repair facilities, the third-largest private passenger auto insurance company in the U.S. announced a new partnership with asTech that the insurer will use to standardize pricing and speed approvals for diagnostic, programming, and calibration operations. Under the new initiative GEICO ARX facilities can speed reimbursement […]

Filed Under: News Tagged With: Agreements Signed, asTech, Diagnostics, GEICO, Repairify

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

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