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GEICO is a private company. There are no shareholders. GEICO is owned by Birkshire Hathaway which is owned by Warren Buffett.

I am sure your point is still valid with publicly traded insurance companies.

http://investsnips.com/complete-list-of-insurance-companies-...



> GEICO is owned by Birkshire Hathaway which is owned by Warren Buffett.

Berkshire Hathaway is publicly traded. Warren Buffet owns 36.8% of it.[1]

1. https://en.wikipedia.org/wiki/Berkshire_Hathaway




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