WASHINGTON--(BUSINESS WIRE)--
GEICO
has been named to the 2012 Ward’s 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 Ward’s 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 Ward’s 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 Ward’s 2012 top
50 performers is featured on the Ward
Group’s website.
GEICO (Government Employees Insurance Company) is a member of the
Berkshire Hathaway 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.
GEICO Communications
301-986-3271
Source: GEICO
| Copyright: | Copyright Business Wire 2012 |
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