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MySuq.com is proud to be affiliated with Geico
GEICO — Government Employees Insurance Company
The name goes back to GEICO’s first customers in 1936 who were government employees and Military personnel. Founder Leo Goodwin went into business determined that he could deliver automobile insurance at reduced prices by selecting prime customer groups and marketing directly to them. Goodwin succeeded in driving down operating costs and passed on the savings to policyholders up front as discounts. GEICO continues to find ways to manage its business costs in order to offer savings to customers today.
Customer Base
* 6 million auto policyholders and growing
* GEICO insures more than 10 million vehicles
Size and Scope
* GEICO is the 4th largest private-passenger auto insurer in the United States. The ranking is established each year by A. M. Best based on direct written premiums
* GEICO is the largest direct writer of private passenger auto insurance in the country.
* $15.7 billion in assets
* 21,500 associates
* 12 major offices around the country
Leadership
Tony Nicely, Chairman, President and CEO, GEICO
Lou Simpson, President and CEO, Capital Operations
Berkshire Hathaway Connection
In 1996, GEICO became a subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country’s most successful investors. Fortune magazine recently named Berkshire’s property-casualty insurance operation the most admired in the country.
Financial Strength
GEICO/Berkshire Hathaway and its affiliates (GEICO General, GEICO Indemnity and GEICO Casualty) enjoy the highest ratings in the industry for financial strength and claims-paying ability:
* AAA rating from Standard and Poor’s*
* Aaa from Moody’s*
* A++ from A. M. Best
*There are only eight insurance operations in the U.S. that have earned this rating.
GEICO at your service
* 24-hour service, 7 days a week, 365 days a year
* Corporate headquarters:
5260 Western Avenue, Chevy Chase, Md. 20815
* Mailing address:
One GEICO Plaza, Washington, D.C. 20076
* Regional offices:
Fredericksburg, Virginia
Woodbury, New York
Macon, Georgia
San Diego, California
Dallas, Texas
Lakeland, Florida
Virginia Beach, Virginia
* Service centers:
Buffalo, New York
Coralville, Iowa
Tucson, Arizona
Honolulu, Hawaii
Serving the Military
GEICO has taken a special interest in serving the U.S. Military since the company’s founding in 1936. GEICO provides discount programs and service options that can best serve U.S. troops at home and overseas during wartime as well as peacetime.
Products
In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, boats, homes, apartments and mobile homes. Personal umbrella protection is also available.
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