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![]() GEICO headquarters in Chevy Chase, Maryland | |
Company type | Subsidiary |
---|---|
Industry | Insurance |
Founded | 1936 San Antonio, Texas, United States[1] |
Founders | Leo Goodwin Sr. Lillian Goodwin |
Headquarters | , United States |
Area served | United States |
Key people | Todd Combs (CEO) |
Products | Auto insurance |
Revenue | $35.093 billion USD (2020) [2] |
Number of employees | 40,000[3] |
Parent | Berkshire Hathaway |
Website | www |
The Government Employees Insurance Company (GEICO /ˈɡaɪkoʊ/) is an American auto insurance company headquartered in Chevy Chase, Maryland. In addition to auto insurance, GEICO provides motorcycle, ATV, RV, boat, snowmobile, travel, pet, event, homeowner, renter, and jewelry insurance options.[4] It is the second largest auto insurer in the United States, after State Farm.[5] GEICO is a wholly owned subsidiary of Berkshire Hathaway, which provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents, called GEICO Field Representatives, over the phone directly to the consumer via licensed insurance agents, and through their website. Its mascot is a gold dust day gecko with a Cockney accent, voiced by English actor Jake Wood. GEICO is well known in popular culture for its advertising.
Despite the presence of the word "government" in its name, GEICO has always been a private corporation and not a government agency or a government-owned corporation. Leo Goodwin Sr. and his wife Lillian Goodwin originally founded the company in 1936 to sell auto insurance to federal government employees.[6]
GEICO manages the policies as the "insurance agent" and has a separate customer care team that handles the property and umbrella policies.
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