GEICO

Afternoon Session - 2025 Meeting

“if it's geico and they've gone through a technology transformation they're not by themselves that need to be thinking that way we want to make sure the right folks are talking”

Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett

“he was enthralled by this man and the man spent the better part of the day talking to Warren about the GEICO and what a”

"America's never been greater" | February 29, 2016

“I would guess, but this is a guess, we're a couple months into the year, I would guess that now the rates are more adequate for what the current experience is. If I had to bet, and the people at Geico”

2013 Berkshire Hathaway Shareholder Letter

“the mystery company was GEICO. If Ben had not recognized the special qualities of GEICO when it was still in its infancy”

Afternoon Session - 2013 Meeting

“I thought the Internet, for example, in terms of Geico, would affect younger people very quickly... it's spread across the entire age range, very, very quickly, huge change.”

Afternoon Session - 2013 Meeting

“Daico was founded in 1936, and it had a great business idea of going direct. But it did it entirely by mail initially, and it worked very well.”

Afternoon Session - 2013 Meeting

“in a place like Geico, you know, we are, it makes a difference. And over time, we'll make a huge difference in marketing”

Buffett on Heinz deal: "We've got a great business" | March 4, 2013

“People are calling us up at GEICO, and we're now getting the highest closure rates. They've improved dramatically lately...Geico is shooting the lights out now. And in February, we added net, right ou”

Afternoon Session - 2012 Meeting

“economic goodwill, especially in GEICO, and I think you were using some ratio as, you know, 90% of that year's insurance premiums”

Afternoon Session - 2012 Meeting

“it's very, very nice in the insurance business. Now, at GEEP's business does not come the same way at all. I mean, at GEICO, we have almost, we have well over 10 million policies”

Afternoon Session - 2012 Meeting

“GEICO is a low-cost producer. And it has some real advantages in terms of scale, in terms of the whole method of operation that makes it very hard for other companies to duplicate”

Afternoon Session - 2012 Meeting

“at GEICO, for example, I think it's quite reasonable to expect a fairly substantial underwriting profit on average for as far as the eye can see”

Afternoon Session - 2009 Meeting

“We're fortunate in a place like GEICO where our business is expanding, so we'll probably add at at least, I would guess, a thousand jobs net at a GEICO.”

2005 Berkshire Hathaway Shareholder Letter

“GEICO will have a booth staffed by a number of its top counselors from around the country, all of them ready to supply you with auto insurance quotes. In most cases, GEICO will be able to give you a s”

Morning Session - 2005 Meeting

“I've never heard Tony Nicely say anything dumb about business, ever. They just, they're wired so that they”

Afternoon Session - 2001 Meeting

“Lou Simpson manages the job. GEICO investment portfolio on an independent and autonomous basis.”

Afternoon Session - 2001 Meeting

“When I met Rohamer Davidson, you know, in the end of January, 1951, and he spent four hours or five hours with me explaining Geico, I knew it was a big idea.”

Morning Session - 2001 Meeting

“in the question of GEICO and underwriting, you know, it's a fascinating business because there are, in this audience, audience, there are people with hugely different propensities to have an accident.”

Morning Session - 2000 Meeting

“it'll be different in the way it is applied at GEICO or at General Rhee or at National Indemities”

Buffett's advice on making big money

“When I first visited Geico in January of 1951, I subsequently went back to Columbia and I said that that rest of that year... I thought I'd discovered this wonderful thing”

Morning Session - 1998 Meeting

“The GEICO stock that I bought in 1951, I sold in 1952. It was, you know, went on to be worth 100 or more times”

1996 Berkshire Hathaway Shareholder Letter

“GEICO became a wholly-owned subsidiary of Berkshire on January 2, 1996...the value of the 51% of GEICO we owned at year-end 1995 increased significantly when we acquired the remaining 49%”

Morning Session - 1996 Meeting

“We're selling 1% of your ownership in GEICO. We're selling 1% of your ownership in the Buffalo News.”

Morning Session - 1996 Meeting

“GEICO wasn't an insurance company. It was comparable to other insurance companies. It was a very different sort of business. And they were very wise, in my view”

Morning Session - 1996 Meeting

“our interest in GEICO went from 33 or so percent to 50 percent over a, oh, 15 year or so period, simply through repurchases, and we benefited significantly”

Morning Session - 1996 Meeting

“we gulped a few times and paid it, and I think we will be happy that we did. It's turning out. Geico is doing very well.”

1994 Berkshire Hathaway Shareholder Letter

“GEICO Corp. ........................ 45,713 1,678,250”

1993 Berkshire Hathaway Shareholder Letter

“GEICO Corp. .......................... 45,713 1,759,594”

1992 Berkshire Hathaway Shareholder Letter

“GEICO Corp. ................... 48.1% 48.2% 34(3) 69(3)”

1989 Berkshire Hathaway Shareholder Letter

“6,850,000 GEICO Corp. ............................. 45,713 1,044,625”

1986 Berkshire Hathaway Shareholder Letter

“those of our major investees, GEICO and Capital Cities/ABC, Inc. - are employed in an unproductive manner”

1984 Berkshire Hathaway Shareholder Letter

“the GEICO and General Foods transactions should be treated as sales of stock by Berkshire rather than as the receipt of dividends”

1984 Berkshire Hathaway Shareholder Letter

“6,850,000 GEICO Corporation ................... 45,713 397,300”

1983 Berkshire Hathaway Shareholder Letter

“The special GEICO distribution reported in the table arose when that company made a tender offer for a portion of its stock”

1983 Berkshire Hathaway Shareholder Letter

“Fortunately, GEICO, whose policies I do not influence, simply shot the lights out.”

1982 Berkshire Hathaway Shareholder Letter

“our holdings of three of these companies - GEICO, General Foods and The Washington Post”

1982 Berkshire Hathaway Shareholder Letter

“Our two largest unrealized gains are in Washington Post and GEICO, companies with which your Chairman formed his first commercial connections”

1981 Berkshire Hathaway Shareholder Letter

“In just four ownership positions in this category - GEICO Corporation, General Foods Corporation, R. J. Reynolds Industries, Inc. and The Washington Post Company”

1981 Berkshire Hathaway Shareholder Letter

“7,200,000 (a) GEICO Corporation .................... 47,138 199,800”

1981 Berkshire Hathaway Shareholder Letter

“GEICO Corporation, our major non-controlled business operating in this field, is, by virtue of its extreme and improving operating efficiency, in a considerably more protected position than almost any”

1980 Berkshire Hathaway Shareholder Letter

“GEICO may appear to be an exception, having been turned around from the very edge of bankruptcy in 1976...managerial brilliance was needed for its resuscitation, and that Jack Byrne, upon arrival in t”

1980 Berkshire Hathaway Shareholder Letter

“GEICO, through repurchases of its own stock, has reduced the share equivalents it has outstanding from 34.2 million to 21.6 million, dramatically enhancing the interests of shareholders”

1980 Berkshire Hathaway Shareholder Letter

“we feel as comfortable with GEICO management retaining an estimated $17 million of earnings applicable to our ownership as we would if that sum were in our own hands.”

1980 Berkshire Hathaway Shareholder Letter

“our holdings cost us $47 million, with about half of this amount invested in 1976 and most of the remainder invested in 1980. At the present dividend rate, our reported earnings from GEICO amount to a”

1979 Berkshire Hathaway Shareholder Letter

“5,730,114 GEICO Corp. (Common Stock) .............. 28,288 68,045”