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Financial Stability Earns GEICO a Spot on Ward Group’s Top 50 List | Business Wire

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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.

GEICO

(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 quotes to 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

also connect to GEICO through GEICO

Mobile, reach a representative over

the phone or visit a GEICO

local agent.

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.

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