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Whats the connection with Berkshire Hathaway?

April 26, 2017auto insurance berkshire connection employment GEICO hathaway

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Whats the connection with Berkshire Hathaway?

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In 1996, GEICO became a wholly-owned subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country’s most successful investors. For the past two years, Fortune magazine has named Berkshire’s property-casualty insurance operation the most admired in the country. Who vouches for GEICO’s financial strength? GEICO/Berkshire Hathaway and its affiliates (GEICO General, GEICO Indemnity and GEICO Casualty) enjoy the highest ratings in the industry for financial strength and claims-paying ability: • AAA rating from Standard and Poor’s • Aaa from Moody’s • A++ from A. M.