GEICO earns Ward Group’s top financial rating 22 years in a row
WASHINGTON--(BUSINESS WIRE)-- GEICO has been named to the 2012 Wards 50 top performing insurance companies for the 22nd consecutive year. The company is being recognized for its outstanding financial results in the areas of safety, consistency and performance over a five year period from 2007 - 20011. GEICO is one of only three companies so honored by the prestigious Ward Group.
Ward Group is a leader of benchmarking and best practices in the insurance industry, said Bill Roberts, GEICO executive vice president. Being named as a Wards top 50 for 22 straight years is a significant achievement and displays to our customers that GEICO is a fiscally sound company.
Ward Group analyzes more than 3,000 property and casualty insurance companies domiciled in the U.S., and identifies the top performers. The criteria is based on safe and consistent levels of surplus and premiums, net income, compound annual growth and profitability over a five - year average.
GEICO is one of the fastest - growing auto insurers in the country and now is the third largest private passenger auto insurer in the U.S. The insurance company made the first Wards top 50 list in 1991 and has been a consistent performer since that time.
GEICO was recognized on July 17 during a webinar presentation announcement of the top 50 companies. The full-list of Wards 2012 top 50 performers is featured on the Ward Groups website.
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway (BRK.A) family of companies and is the third-largest private passenger auto insurer in the United States. GEICO handles auto insurance coverage for over 11 million private passenger auto policies and insures more than 18 million vehicles (auto & cycle).
In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), travel trailers and motorhomes (RVs). Coverage for boats, collector cars, life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency, Inc. Commercial auto insurance and personal umbrella protection are also available.
As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial strength by A.M. Best Company and ranks at the top of several national customer satisfaction surveys. For more information, go to www.geico.com.
Source: GEICOCopyright Business Wire 2012