WASHINGTON–(BUSINESS WIRE)–Few companies are able to stand the test of time and maintain an
outstanding financial performance spanning nearly three decades.
With sound business practices in place and an ongoing commitment to
providing customers with exceptional products and services, GEICO has
notched a spot on Ward Group’s 2017 list of 50 top performing insurance
companies. GEICO is one of only a few companies to have earned a top 50
designation for 27consecutive years.
“The ability to remain in this position for more than two decades is a
remarkable achievement in our company’s history and demonstrates a
high-level of trustworthiness from our growing customer base,” said Bill
Roberts, GEICO president and chief operating officer. “We are proud to
be recognized by The Ward Group as a top performing insurance company.”
To develop its annual top 50 list, Ward Group analyzes the financial
performance of nearly 3,000 property and casualty insurance companies
domiciled in the U.S., and identifies the top performers over the
previous five year period (2012-2016).
Jeff Rieder, partner, head of Ward Group mentioned that low investment
returns, rising loss costs, and competitive market conditions continue
to impact financial returns for the industry. “In selecting the Ward’s
50, we identified companies that pass financial stability requirements
and measure their ability to grow while maintaining strong capital
positions and underwriting results,” said Rieder.
For more information and to get the full-list of Ward’s 2017 top 50
performers, please visit https://www.wardinc.com/wards50/property-casualty.php.
(Government Employees Insurance Company) is a member of the Berkshire
Hathaway family of companies and is the second-largest private passenger
auto insurance company in the United States. GEICO, which was founded in
1936, provides millions of auto
insurance quotesto U.S. drivers annually. The company is pleased to
serve more than 15 million private passenger customers, insuring more
than 24 million vehicles (auto & cycle).
Using GEICO’s online
service center, policyholders can purchase policies, make policy
changes, report claims and print insurance ID cards. Policyholders can
GEICO also providesinsurance quoteson motorcycles,
all-terrain vehicles (ATVs), boats, travel trailers and motorhomes
(RVs). Coverage for 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.
For more information, go to www.geico.com.