Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2020-Full Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Will GEICO Experience Unexpected High Profitability in 2020?

We have promised to give our customers at GEICO with the second largest auto insurance company. Our plan will deliver back $2.5 billion roughly or so. And in recognizing the reduced frequency of accidents during this period, what we don't know is how long this will continue. We get people more time to pay if they aren't paying. But we've also, and the insurance commissioners, in many cases, I believe, will require it.

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