Premiums earned decreased 5.1% in the third quarter and were relatively unchanged in the first nine months of 2020 compared to 2019, which included reductions of approximately $1.0 billion in the third quarter and $1.3 billion in the first nine months attributable to the GEICO Giveback program. ...
The GEICO Giveback premium credit reduced premiums earned approximately $475 million in 2021 (mostly in the first quarter) and $1.3 billion in the first nine months of 2020, including $1.0 billion in the third quarter. Losses and loss adjustment expenses increased $1.6 billion (23.7%) in the...
Premiums earned in 2021 included a reduction of approximately $400 million attributable to the remaining impact of the GEICO Giveback program that provided a 15% premium credit to new and renewing voluntary auto and motorcycle policies written between April 8, 2020 and October 7, 2020. Losses and...
Premiums earned in the first six months of 2021 included a reduction of approximately $460 million attributable to the remaining impact of the GEICO Giveback program that provided a 15% premium credit to new and renewing voluntary auto and motorcycle policies written between April 8, 2020 and ...
The GEICO Giveback will provide a 15 percent premium credit to all voluntary auto and motorcycle policies renewing between April 8, 2020 and October 7, 2020, as well as to any new policies purchased during the same period. The credits are expected to average $150 per auto policy and $30 ...