GEICO Insurance

GEICO Reaches Million Policy Milestone in Texas

(BRK.A), (BRK.B)

GEICO recently reached a significant milestone of 1 million auto insurance policies in force in Texas.

“One million policies in force in the state is a tremendous accomplishment not only our associates in Dallas, but for all of GEICO,” said Bob Miller, GEICO senior vice president. “This speaks to the continuous effort and commitment from our associates who work hard to maintain GEICO’s strong growth.”

The record-breaking policy was sold by GEICO sales agent Zachary Field of Dallas, on Nov. 28, 2015.

Texas is the fourth state along with Florida, New York and California to reach 1 million GEICO policyholders.

In early 2016, GEICO will move to a new location in Richardson, Texas, to accommodate its growing workforce in the region.

The company was originally founded in Texas in 1936 by Leo and Lillian Goodwin.

© 2016 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.