Berkshire’s Geico Q1 CoR improves 9.2 points to 92.7% as NWP declines 2%
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Berkshire’s Geico Q1 CoR improves 9.2 points to 92.7% as NWP declines 2%

Berkshire Hathaway logo Omaha v2.jpg

Berkshire Hathaway’s Geico swung to an underwriting gain in Q1 as its combined ratio decreased 9.2 points to 92.7%, fueled by higher average premiums per policy, a reduction in advertising costs and reserve releases.

The carrier also reported lower claims frequencies, offset by increases in claims severities. Decreases in average claims frequencies in the quarter can be broken down into property damage (5%-6%) and collision (6%-7%), while claims frequencies increased for bodily injury...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article