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GEICO Reports 7.7% Rise in Premiums Written for 2024 - CollisionWeek

Summary by CollisionWeek

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 came from higher average premiums per auto policy, lower claims frequen…

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GEICO Reports 7.7% Rise in Premiums Written for 2024 - CollisionWeek

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 came from higher average premiums per auto policy, lower claims frequen…

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CollisionWeek broke the news in 5 hours ago on Monday, February 24, 2025.

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