GEICO
Financial Performance
GEICO Revenue & Financials
Revenue
$44.9B (FY2025)
Net Income
$5.4B
Employees
38,000
What is GEICO's revenue?
GEICO had $44.9B in revenue for fiscal year 2025, up 5.3% from 2024. Net income was $5.4B.
- Latest revenue
- $44.9B (FY2025)
- Year-over-year
- +5.3%
- Growth rate (CAGR)
- 6.5% over 9 years
- Peak revenue
- $44.9B (FY2025)
- Years of data
- 10
- Employees
- 38,000
- How much profit does GEICO make?
- GEICO reported net income of $5.4B for fiscal year 2025.
- How many employees does GEICO have?
- GEICO has about 38,000 employees.
Financial Analysis
In fiscal year 2024, GEICO achieved an extraordinary operational turnaround, generating $42.635 billion in premiums earned and an all-time record pre-tax underwriting profit of $6.172 billion, compared to an underwriting deficit of $1.885 billion in 2022. Its combined ratio improved to an exceptional 85.5%, propelled by realized rate increases, disciplined risk selection, reduced accident frequencies, and rigorous operational expense controls overseen by CEO Todd Combs.
Revenue Trend Analysis
YoY Change
+5.3%
9-Year CAGR
+6.5%
Peak Year
2025
Trend
Consistent Growth
GEICO has 10 full fiscal year figures on this page, compounding at +6.5% annually over 9 years. The most recent year saw a 5.3% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $44.9B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $44.9B | $5.4B | +5.3% |
| FY2024 | $42.6B | $6.2B | +7.6% |
| FY2023 | $39.6B | $2.9B | +1.7% |
| FY2022 | $39B | -$1.5B | +3.4% |
| FY2021 | $37.7B | $994M | +7.4% |
| FY2020 | $35.1B | $2.7B | -1.3% |
| FY2019 | $35.6B | $1.2B | +6.6% |
| FY2018 | $33.4B | $1.9B | +13.3% |
| FY2017 | $29.4B | -$245M | +15.5% |
| FY2016 | $25.5B | $363M | — |
Click any row to see year details.
Keep researching GEICO
GEICO Revenue and Financial FAQ
What was GEICO's total revenue and underwriting profit for 2024?
According to Berkshire Hathaway Inc.'s 2024 Annual Report and SEC Form 10-K disclosures, GEICO generated $42.635 billion in earned premiums in 2024 (up 7.6% from $39.635 billion in 2023) and posted a historic pre-tax underwriting profit of $6.172 billion, marking one of the strongest annual underwriting results in property and casualty insurance history.
How did GEICO's combined ratio perform in 2024 compared to previous years?
GEICO achieved an exceptional combined ratio of approximately 85.5% in 2024, representing a dramatic improvement from 92.8% in 2023 and an unprofitable 104.8% in 2022. The 2024 turnaround reflected rate adequacy realized from prior regulatory filings, disciplined underwriting risk selection, lower claim frequencies, and strict operating expense containment.
Why did GEICO suffer a $1.88 billion underwriting deficit in 2022?
In 2022, GEICO faced severe post-pandemic claims severity inflation driven by sharp spikes in used automobile values, semiconductor shortages, vehicle repair parts costs, and elevated medical and litigation settlements. Because state regulatory approval for auto insurance rate increases involves lag times, GEICO's premium rates temporarily failed to keep pace with soaring claims costs.
What is GEICO's financial strength rating from credit rating agencies?
GEICO's principal underwriting entities—including Government Employees Insurance Company and GEICO General Insurance Company—hold an A++ (Superior) Financial Strength Rating from A.M. Best, the highest attainable rating. This rating reflects GEICO's exceptional statutory capitalization, pristine liquidity, low operating expenses, and the financial backing of Berkshire Hathaway.
How many vehicles and policyholders does GEICO insure?
As of 2024, GEICO insures more than 28 million motor vehicles across over 16 million active policyholders in the United States, representing approximately 12.5% of the national private passenger automobile insurance market.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "GEICO Revenue & Financials." CorpDigest, https://corpdigest.com/company/geico/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>GEICO reported $44.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/geico/financials" target="_blank" rel="noopener">CorpDigest — GEICO financials</a></div>Related Financial Audits
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