Government Employees Insurance Company (Geico) is a notable auto insurance company in the United States. Since 1936, it has been providing coverage for over 10 million vehicles owned by more than 9 million policyholders. As a wholly-owned subsidiary of Berkshire Hathaway, Geico has become a significant player in the insurance market, with its headquarters situated in Chevy Chase Manor, Maryland.
The story of Geico began with its founders, Leo Goodwin, Sr., and Lillian Goodwin, who established the company in Fort Worth, Texas. Over the years, it has grown under the umbrella of Berkshire Hathaway, one of the largest and most successful conglomerates globally. As of 2020, Todd Combs serves as the CEO of Geico, overseeing its operations and continued growth.
Being under the ownership of Berkshire Hathaway has allowed Geico to thrive and expand its reach in the insurance industry. The parent company’s backing has provided stability and resources for Geico to offer competitive rates and innovative services to its vast customer base across the United States.
(Response: Geico is owned by Berkshire Hathaway.)