GEICO marks 83 years of business

GEICO marks 83 years of business | Insurance Business

GEICO marks 83 years of business

GEICO is celebrating its 83rd anniversary this month, and the insurer has released a statement that fondly looks back at its humble beginnings.

Government Employees Insurance Company (GEICO) was founded in 1936 by Leo and Lillian Goodwin to primarily offer insurance coverage to military personnel and other federal employees. By the end of its first year of business, GEICO had a staff of 12 and handled 3,700 policies.

Today, the company has far surpassed its original numbers. According to a company statement, there are currently 40,000 GEICO associates across the country, and, just this year, the insurer surpassed the 17 million policies mark.

“We owe our success to our growing number of policyholders and to our associates, who are dedicated to delivering the very best customer experience,” GEICO president and CEO Bill Roberts said in a statement.

The company also took time to mention its most recent accolades in its statement: GEICO was named among the 10 highest-rated workplaces for compensation and benefits by Indeed.com; GEICO’s Technology Center of Excellence in Indianapolis received an Exceptional Employer honor; and chief executive Roberts was named one of the top CEOs for promoting diversity by Comparably.