GEICO
Insurance Company
The Motley Fool financial advice...Buffett's company is much more than its stocks. He owns dozens of entire companies, such as See's Candies, Fruit of the Loom, Benjamin Moore, Dairy Queen and Geico, and those can't be duplicated. The company is also heavily involved in... In this article: Motorola, Warren Buffett, T-Mobile, Geico, Berkshire Hathaway, Revenue, Cialis, Civil War, Evista, and Actos |
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National Public Radio | November 07, 2009
Warren Buffett, The Modern-Day Railroad Tycoon?
The Oracle of Omaha has always bucked trends. While others put their money into junk bonds and banks, Buffett bought companies like See's Candies, GEICO Insurance and Fruit of the Loom. And this week, Warren Buffett made a truly...
In this article: Warren Buffett, J.P. Morgan, Jean Strouse, Coal, University of Maryland, Public Radio, Cornelius Vanderbilt, U.S. Steel, and Google
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Seeking Alpha | November 16, 2009
A Close Look at Berkshire's Q3 Portfolio Changes
...1,276,290 shares worth $87.6 million as of September 30. Based on the size of the purchase, it is possible that GEICO's Lou Simpson initiated this position rather than Warren Buffett. The Nestle position acquired during the third quarter was...
In this article: Berkshire Hathaway, Moody's, Exxon Mobil, Wal-Mart, Union Pacific, Wells Fargo, Conoco Phillips, Republic Services, The Travelers Companies, and Warren Buffett
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washingtonpost.com | November 03, 2009
Buffett places big bet with $34 billion railway purchase
...six major lines. It marked the biggest deal to date for Buffett, who also owns or has large stakes in Coca-Cola, Dairy Queen, Wrigley, Geico and several other companies, including The Washington Post Co., where he is a director and the...
In this article: Warren Buffett, BNSF, Coal, Berkshire Hathaway, U.S., White House, Recession, and Time horizon
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Reuters | November 03, 2009
Buffett buying Burlington rail in his biggest deal
...in Chicago and author of the Buffettologist.com blog. Buffett is not expected to shed any of Berkshire's biggest holdings, which include insurers such as Geico, analysts said. It has close to 80 units with products ranging from...
In this article: Warren Buffett, BNSF, Thomson Reuters, New York Stock Exchange, United States, Ice cream, Natural gas, and Small business
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Fool.com: The Motley Fool | November 18, 2009
Warren Buffett Goes Shopping
...been up to? Have a look: One important thing to note: Smaller transactions are typically done by Lou Simpson, investment chief at GEICO (a Berkshire subsidiary), and not necessarily by Buffett himself. That said, the only purchases I'd...
In this article: Warren Buffett, Wells Fargo, Wal-Mart, Berkshire Hathaway, Burlington Northern Santa Fe, NYSE, Burlington, Balance sheet, and Subsidiary
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MarketWatch | November 05, 2009
A wave of insurance assets hit the block
...make a major insurance acquisition in the next year or two. Berkshire Hathaway owns several major insurance and reinsurance companies, including Geico and General Re. It also bought the NRG reinsurance business of ING in 2007.
In this article: American International Group, ING Group, Royal Bank of Scotland, Berkshire Hathaway, Warren Buffett, U.S., Acquirer, Derivative, and General Re
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Dallas Morning News | November 03, 2009
Buffett's $44B purchase of Burlington Northern Santa Fe anticipates economic recovery
...empire stretches from insurance to energy to jewelry. Berkshire's subsidiaries include underwear maker Fruit of the Loom, car insurer Geico and restaurant chain Dairy Queen. High price Buffett-watchers stopped short of saying he...
In this article: Warren Buffett, BNSF, Berkshire Hathaway, Coal, Burlington Northern Santa Fe, Alice Schroeder, Fort Worth, and Fox Business News
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ABC | November 16, 2009
Get richer, the Warren Buffett way
...a large competitive "moat." Examples include Coca-Cola Co., whose strong brand name gives it an edge, and Geico insurance, which keeps costs low by selling directly to consumers instead of using agents. Buffett didn't get swept up in...
In this article: Warren Buffett, Coca-Cola Co, Berkshire Hathaway, and Toronto
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More on GEICO
Description from Wikipedia:
The Government Employees Insurance Company, usually known by the acronym GEICO, is an American auto insurance company. GEICO is a wholly owned subsidiary of Berkshire Hathaway that as of 2007 provided coverage for more than 10 million motor vehicles owned by more than 9 million policy holders. GEICO writes private passenger automobile insurance in the District of Columbia and in all 50 U.S. states. The company is notable for its television advertising, with several prominent campaigns running simultaneously in national markets. Its mascot is a gecko that originally had an American accent but for marketing reasons was changed to a Cockney accent.
- Name:
- Government Employees Insurance Company
- Type:
- Subsidiary
- Location:
- Chevy Chase, Maryland
- Founded:
- 1936, Fort Worth, TX
- Industry:
- Insurance
- Key People:
- Olza M. "Tony" Nicely, CEO & Chairman
- Products:
- Auto insurance
- Revenue:
- $9.212 billion USD (2004)
- No. of Employees:
- 24,000
- Parent Company:
- Berkshire Hathaway
- Motto:
- 1. "Fifteen minutes could save you fifteen percent or more on car insurance."
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