GEICO
Headquarters:
5260 Western Ave.
Chevy Chase, MD 20815
Employees: 26,000
CEO: Tony Nicely
Subsidiary of Berkshire Hathaway
Website:
http://www.geico.com
Career
Site
GEICO is the third largest private-passenger auto insurer in the United States. It has 11 million auto policyholders and insures more than 17 million vehicles.
In addition to auto insurance, GEICO offers
customers insurance products for their motorcycles, boats, homes,
apartments and mobile homes. Personal umbrella protection is
also available.
GEICO has taken a special interest in serving
the U.S. Military since the company's founding. GEICO provides
discount programs and service options that can best serve U.S.
troops at home and overseas during wartime as well as peacetime.
The company is a subsidiary of investment
firm Berkshire Hathaway, headed by Warren Buffett. It has 12
regional offices around the country.
GEICO is known for its gecko mascot and
offbeat TV commercials.
Company headquarters are in Chevy Chase, MD.
Regional offices:
Fredericksburg, VA
Woodbury, NY
Macon, GA
San Diego, CA
Dallas, TX
Lakeland, FL
Virginia Beach, VA
Buffalo, NY
Tucson, AZ
Service centers:
Coralville, IA
Honolulu, HI
History
GEICO stands for Government Employees Insurance
Company The name goes back to GEICO's first customers in 1936
who were government employees and Military personnel. Founder
Leo Goodwin went into business determined that he could deliver
automobile insurance at reduced prices by selecting prime customer
groups and marketing directly to them. Goodwin succeeded in driving
down operating costs and passed on the savings to policyholders
up front as discounts.
In 1996, GEICO became a subsidiary of Berkshire
Hathaway.
Benefits
- Medical and dental coverage
- Life insurance
- Paid vacation, holidays, and leave programs
- Disability plans
- Voluntary long-term care
- Special scholarship programs for children of associates
- Paid college tuition for associates
- Associate assistance programs
- Dependent care assistance
- Business casual dress
- Profit-sharing - As an associate, you are eligible for GEICO's
outstanding profit-sharing plan. You may invest up to 50% of
your salary (pre-tax) in your 401(k) associate savings account,
subject to an annual IRS dollar limitation. GEICO's profit-sharing
program is based on factors that contribute to the company's
value: policy growth and underwriting performance. Over the last
several years, GEICO's contribution have averaged 18.4%. (Past
performance is not a promise or indicator of future results.)
Updated June 18, 2012
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