Who owns GEICO car insurance?

This question is about GEICO

Mark Towers, Retired CFP

@MarkTowers06/20/19

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Berkshire Hathaway Inc. owns GEICO. Berkshire Hathaway is a multinational conglomerate holding company headquartered in Omaha, Nebraska. It is led by well-known investor Warren Buffett.

Warren Buffett has owned shares of GEICO stock since 1951, after an impromptu visit to the auto insurer’s headquarters. He made a second stock purchase, reportedly of a million shares, in 1976. Twenty years later, impressed with the direction that GEICO was heading, Buffett’s holding company made a $2.3 billion cash offer to buy all the GEICO shares that Buffett did not already own. As a result, GEICO became a subsidiary of Berkshire Hathaway in 1996.

GEICO Corporation is headquartered in Washington D.C., and Warren Buffet serves on its board of directors.

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