GEICO

Morning Session - 2024 Meeting

“If you look at GEICO, it had 175,000 policies”

Charlie Munger's final CNBC interview | November 14, 2023

“half of all the money he made was, one great stock and that stock was GEICO indirectly held through the insurance companies”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“Geico is my first love. Absolutely...which is Geico, because it goes back 69 years and it did wonders for me.”

Morning Session - 2019 Meeting

“we were using them at Geico and we were seeing the results produced and we saw that we were paying $10 a click”

Morning Session - 2018 Meeting

“you name the company, just take Geico, an extreme case. We bought half the company for $50 million roughly.”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“people have raised this question with GEICO for a long time. If we have driverless cars, is that going to be an issue for the auto insurance companies like a GEICO?”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“The answer is yes. I think it's a long way off, but there's no question. Anything that makes cars safer is very pro-social and it's bad for the auto insurance industry.”

Afternoon Session - 2015 Meeting

“it's definitely worth 15 minutes to call GEICO”

2014 Berkshire Hathaway Shareholder Letter

“the most important being GEICO. Thanks to a 1951 conversation I had with Lorimer Davidson, a wonderful man who later became CEO of the company, I learned that GEICO was a terrific business”

2012 Berkshire Hathaway Shareholder Letter

“On the plus side, GEICO's float will almost certainly grow.”

Morning Session - 2012 Meeting

“trading away part of Seas Candy or GEICO or ISCAR or BNSF, the idea of leaving you with a lower percentage”

2010 Berkshire Hathaway Shareholder Letter

“Sixty years ago last month, GEICO entered my life, destined to shape it in a huge way.”

2010 Berkshire Hathaway Shareholder Letter

“the company got into trouble in the mid-1970s, a few years after his retirement. When that happened – with the stock falling by more than 95%”

2010 Berkshire Hathaway Shareholder Letter

“We then purchased the remaining 50% of GEICO at the beginning of 1996, which spurred Davy, at 95, to make a video tape saying how happy he was”

2010 Berkshire Hathaway Shareholder Letter

“GEICO became a different company under Tony, finding a path to consistent growth while simultaneously maintaining underwriting discipline and keeping its costs low.”

2010 Berkshire Hathaway Shareholder Letter

“GEICO also jump-started my net worth because, soon after meeting Davy, I made the stock 75% of my $9,800 investment portfolio.”

2010 Berkshire Hathaway Shareholder Letter

“GEICO, of course, was my prime recommendation, which got me off to a great start with dozens of customers.”

2010 Berkshire Hathaway Shareholder Letter

“chairman of Government Employees Insurance Co. (now called GEICO). I knew nothing of insurance and had never heard of the company.”

2010 Berkshire Hathaway Shareholder Letter

“GEICO – off to a strong start in 2011 – is the gift that keeps giving.”

Morning Session - 2010 Meeting

“Will GEICO or the Gates Foundation make an aggressive, invisible bet on driver feedback technologies”

Morning Session - 2010 Meeting

“GEICO has a very active safety program, testing car, doing all kinds of things, working usually in conjunction with other insurance companies.”

Morning Session - 2009 Meeting

“Although we can measure it better with GEICO than most companies. We will spend about $800 million on advertising.”

2004 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.”

Wesco 2003 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)

“occasionally wrote research reports on companies like GEICO”

Morning Session - 2002 Meeting

“growth has resumed at GEICO in a reasonable way. We figure each policyholder of a preferred nature is worth $1,000 to us.”

Internet stocks were "a huge trap for the public"

“GEICO continues to grow at a significant rate in Internet business.”

Afternoon Session - 2001 Meeting

“The second point is a question about GEICO. You have a wonderful table in your annual report showing the number of policies issued”

Afternoon Session - 2001 Meeting

“I'm curious if Mr. Nicely has asked first, why is there such a large difference in lapse between the first-year policies and the renewal policies, and why is there such a discontinuity in the year 200”

Afternoon Session - 2001 Meeting

“The retention rate is affected overwhelmingly by two factors. One is the mix between the below-standard business, the standard business, and the better business in terms of risk.”

Afternoon Session - 2001 Meeting

“couldn't GEICO possibly take their current preferred risk status into account when determining whether to accept them as a customer?”

Afternoon Session - 2000 Meeting

“mentioned in the 19th, in this year's annual report, that the operating environment that Geico is facing, especially with regard to pricing, is going to get even tougher this year”

Afternoon Session - 2000 Meeting

“We've got a great machine at GEICO, and we've got a sensational man running that, and Tony Nicely.”

Afternoon Session - 2000 Meeting

“there's enough of a margin at, say, a GEICO expansion effort that it's pretty compelling that it makes sense.”

Afternoon Session - 2000 Meeting

“I use the GEICO example in the report because it's big enough so it's meaningful to shareholders.”

Afternoon Session - 2000 Meeting

“You commented in the annual report that only part of GEICO's marketing expense last year was required to maintain the business.”

Afternoon Session - 1998 Meeting

“Geico has possibilities through the Internet, obviously, also. But anything where you're offering a terrific deal to the consumer”

Afternoon Session - 1998 Meeting

“The brand potential in Daico is very, very big, and we intend to push and push and push on that.”

Afternoon Session - 1997 Meeting

“My question involves GEICO. If I remember correctly from last year, GEICO had about 2% of the insurance market and had approximately $4 billion in float.”

Afternoon Session - 1997 Meeting

“Question about GEICO, the float will grow more or less proportionately to premium volume.”

Morning Session - 1996 Meeting

“GEICO's worth more than we carry it for because of the accounting peculiarities. I personally think it will tend to to get bigger because I think GEICO will grow”

Afternoon Session - 1996 Meeting

“The biggest single thing we will do in terms of value, though, probably is Gro Geico.”

1992 Berkshire Hathaway Shareholder Letter

“our investee, GEICO, suffered a net loss from Andrew, after reinsurance recoveries and tax savings, of about $50 million”

1989 Berkshire Hathaway Shareholder Letter

“large capital gains realized by GEICO and Coca-Cola. If this $212 million had been distributed”

1988 Berkshire Hathaway Shareholder Letter

“GEICO Corporation - permanent holdings remain unchanged. Also unchanged is our unqualified admiration of their managements”

1986 Berkshire Hathaway Shareholder Letter

“In sum, GEICO is an exceptional business run by exceptional managers. We are fortunate to be associated with them.”

1985 Berkshire Hathaway Shareholder Letter

“6,850,000 GEICO Corporation ................... 45,713 595,950”

1982 Berkshire Hathaway Shareholder Letter

“we own about 35% of GEICO Corporation but, because we have assigned our voting rights, the company is treated for accounting purposes as a less-than-20% holding.”

1980 Berkshire Hathaway Shareholder Letter

“7,200,000 (a) GEICO Corporation ..................... 47,138 105,300”