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GEICO earns Ward Group's top financial rating 22 years in a row


geico (select to view enlarged photo)

WASHINGTON--July 31, 2012: GEICO has been named to the 2012 Ward's 50 top performing insurance companies for the 22nd consecutive year. The company is being recognized for its outstanding financial results in the areas of safety, consistency and performance over a five year period from 2007 - 20011. GEICO is one of only three companies so honored by the prestigious Ward Group.

“Being named as a Ward's top 50 for 22 straight years is a significant achievement and displays to our customers that GEICO is a fiscally sound company.”

"Ward Group is a leader of benchmarking and best practices in the insurance industry," said Bill Roberts, GEICO executive vice president. "Being named as a Ward's top 50 for 22 straight years is a significant achievement and displays to our customers that GEICO is a fiscally sound company."

Ward Group analyzes more than 3,000 property and casualty insurance companies domiciled in the U.S., and identifies the top performers. The criteria is based on safe and consistent levels of surplus and premiums, net income, compound annual growth and profitability over a five - year average.

GEICO is one of the fastest - growing auto insurers in the country and now is the third largest private passenger auto insurer in the U.S. The insurance company made the first Ward's top 50 list in 1991 and has been a consistent performer since that time.

GEICO was recognized on July 17 during a webinar presentation announcement of the top 50 companies. The full-list of Ward's 2012 top 50 performers is featured on the Ward Group's website.

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger auto insurer in the United States. GEICO handles auto insurance coverage for over 11 million private passenger auto policies and insures more than 18 million vehicles (auto & cycle).