Comment by vuln
8 years ago
GEICO is a private company. There are no shareholders. GEICO is owned by Birkshire Hathaway which is owned by Warren Buffett.
I am sure your point is still valid with publicly traded insurance companies.
http://investsnips.com/complete-list-of-insurance-companies-...
> GEICO is owned by Birkshire Hathaway which is owned by Warren Buffett.
Berkshire Hathaway is publicly traded. Warren Buffet owns 36.8% of it.[1]
1. https://en.wikipedia.org/wiki/Berkshire_Hathaway