
- Warren Buffett has a delicate spot for automobile insurer Geico, as he invested in the organization at $2 a share back again in 1976.
- Geico is likely by way of a rocky patch, suffering a $1.9 billion pretax underwriting decline in 2022. Competitor Progressive is also snapping up marketplace share, according to an evaluation from UBS.
- Berkshire Hathaway shareholders will be keen to study far more about what’s upcoming for Geico and how will it defeat again its competition.