The Geico booth is seen here during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in Omaha, Neb., on Fri., May 2, 2025. (Credit: Dan Brouillette for Bloomberg)
(Bloomberg) — Berkshire Hathaway said its auto insurer Geico has cut tens of thousands of jobs as part of its efforts to turn around a business that’s lagged behind peers.
Berkshire’s Vice Chair of Insurance Operations Ajit Jain said Geico reduced the insurer’s headcount from approximately 50,000 to roughly 20,000, though he didn’t specify the time period for the reductions.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
