Berkshire’s Geico Q1 CoR improves 9.2 points to 92.7% as NWP declines 2%
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Insurance Insider US is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

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...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article