• GEICO (Government Employees Insurance Company) is an automobile insurance company in the United States. The company was founded by Leo Goodwin and his wife Lillian Goodwin in 1936, and is currently wholly-owned by Warren Buffett's, Berkshire Hathaway. The company's business model stresses the importance of policy sign-ups through the internet. In 2007, GEICO had approximately 10 million customers, with roughly 7 million policyholders. In 1948 Benjamin Graham invested in the insurance company. Graham, a Columbia University professor, later mentored future Berkshire Hathaway CEO Warren Buffett, which established the link between GEICO and Buffet's firm. The company's television commercials have grown in popularity since the conception of the GEICO gecko in 2000. The ads have been so successful that one of the campaigns have been turned into a television series with the 2007 show, Cavemen. With a growing emphasis on the company's marketing strategy, the 7th million policyholder was reached in 2006. GEICO has grown continuously since concentrated efforts on the web and in marketing campaigns.

• Fast Facts

  1. Headquarters: Chevy Chase, Maryland
  2. Staff: 23,000
  3. Chairman & CEO: Olza M. "Tony" Nicely
  4. Founded in 1936
  5. Owned by Berkshire Hathaway
  6. In 1998 launched $100 million marketing campaign

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