Shareholder's visit the Geico display that the 2015 Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 2, 2015.
Geico, part of billionaire Warren Buffett's Berkshire Hathaway, said on Tuesday it will offer about $2.5 billion of credits to its 19 million auto and motorcycle policyholders, reflecting the decline in driving stemming from the coronavirus pandemic.
Geico said it has about 18 million auto customers and 1 million motorcycle customers.
Geico said vehicle accidents are down considerably, though it expects a return to near-normal levels as the pandemic subsides.
Geico earned $35.57 billion of premiums in 2019, and paid out $28.94 billion, or 81.3%, to cover loss claims.