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GEICO Corporate Office

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GEICO Corporate Office Address

GEICO
1 Geico Plaza
Washington, District of Columbia 20076

Contact GEICO

Phone Number: (301) 986-3000
Fax Number: (301) 986-2851
Website: https://www.geico.com/
Email: Email GEICO

GEICO Facts

Founder: Lillian and Leo Goodwin, Sr.
Date Founded: 1936
Founding Location: San Antonio, Texas
Number of Employees: 38000

GEICO Executives

CEO: Tony Nicely
CFO: Mike Campbell
COO: Bill Roberts

GEICO History

GEICO is an acronym for Government Employees Insurance Company. GEICO is an auto insurance company.

GEICO was founded by Leo Goodwin, Sr. and his wife Lillian to provide auto insurance directly to government employees. He had worked for USAA, an insurer to military personnel; he decided to start his own business after he reached the highest position a civilian could hold in the military-dominated hierarchy.

Despite the word “government” in its name, GEICO is and has always been a private corporation. Goodwin’s original aim to sell to government employees reflected his belief that they were less risky as insurance customers than the general public.

The company went public in 1948.

GEICO began selling insurance policies to the general public in 1974 under the leadership of David Lloyd Kreeger.

The next year it was clear that the company had grown too quickly when it reported a $126 million loss. The company recovered by issuing a stock offering to raise money.

In 1996 GEICO was bought by Berkshire Hathaway.

Today GEICO has 12 million customers, 37,000 employees, and had $16.7 billion in revenue in 2012.

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