In 1936, Geico founder Leo Goodwin first targeted U.S. government employees and military personnel as customers, naming his company Government Employees Insurance Co. Today, Geico insures more than 22 million vehicles and continues to offer special benefits to federal employees and service members.
Geico and other subsidiaries of Berkshire Hathaway Insurance Group claimed 10.77 percent of the private passenger auto insurance market as of June 2015, the most recent data available from data analyst A.M. Best. That makes Geico the second-largest auto insurance carrier among the more than 1,400 tracked by Best.
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