Investment Summary

Berkshire Hathaway Invests In GEICO

On August 26, 1995, Berkshire Hathaway invested in insurance company GEICO for 2.3B USD

Investment Highlights
  • This is Berkshire Hathaway’s 3rd transaction in the Insurance sector.
  • This is Berkshire Hathaway’s 13th largest (disclosed) transaction.
  • This is Berkshire Hathaway’s 12th transaction in the United States.
  • This is Berkshire Hathaway’s 2nd transaction in District of Columbia.

Investment Summary
Date 1995-08-26
Target GEICO
Sector Insurance
Investor(s) Berkshire Hathaway
Deal Type Stake Purchase
Deal Value 2.3B USD

Target

GEICO

Washington, District of Columbia, United States
GEICO (an acronym for Government Employees Insurance Company) has found that driving down costs brings drivers by the droves into its fold. GEICO traditionally provided auto and other insurance to preferred low-risk demographic groups (such as government and military employees) but now sells to everyone; it has about 12 million customers

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Investor(S) 1

Investor

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1998
Sector Diversified
Employees396,500
Revenue 439.3B USD (2023)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 12 of 69
Sector (Insurance) 3 of 8
Type (Stake Purchase) 3 of 10
State (District of Columbia) 2 of 2
Country (United States) 12 of 64
Year (1995) 3 of 3
Size (of disclosed) 13 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-05-24 RC Willey Home Furnishings

Salt Lake City, Utah, United States

RC Willey has been recognized nationally for excellence. But our real goal is to have you recognize us as the number one place to find exceptional selection, value, superior service and professional associates that really care about you.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-16 FlightSafety International

Flushing, New York, United States

At FlightSafety, the world’s leading aviation training company, we work diligently to maintain and enhance our reputation for customer service and the industry’s best, most comprehensive safety training. We deliver more than a million hours of professional instruction each year, training more pilots than any other company and always to the highest standards.

Buy $1.5B
Mergr

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