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Company financial Analysis 6/29/2014.  The name stands for Government Employees Insurance Company.  It was founded by Founder Leo Goodwin.  Its main.

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Presentation on theme: "Company financial Analysis 6/29/2014.  The name stands for Government Employees Insurance Company.  It was founded by Founder Leo Goodwin.  Its main."— Presentation transcript:

1 Company financial Analysis 6/29/2014

2  The name stands for Government Employees Insurance Company.  It was founded by Founder Leo Goodwin.  Its main purpose was to serve government employees especially those in military  The company serves about 1.2 million people and it is still projected to grow.

3  It is the second -largest private passenger auto insurer in the United States.  It is one of the fastest growing companies in the USA  It has employed over 30000 associates  The Company provides 24 hour service to its customers

4  Personal umbrella protection  Life insurance  Floods  Oversees insurance  Business insurance  Commercial auto insurance  Collector car insurance

5  The financial strength is rated as superior.  Debt rating for the company is good as far as securities is concerned  Cooperate credit ratings  EICO was named to the Ward's 50 top group of financially high-performing insurers for the 21st consecutive year

6  The insurance premiums that the company receives is meant to make sure that the company is in position to settle claims.  The company a total number of assets of over $28 billion.  The ratings show that the company has a stable financial base

7  By the end of 2012 the company had a revenue of 16740.00 M  The growth rate was projected to be 9.00  The company had a total number of employees adding up,28000.  The company has been able to pay off its expenses due to its financial position

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9 Admitted Assets: 25,778,845,243 Reserves(Loss, LAE, UPR): 10,845,885,865 Total Liabilities :13,689,078,999 Policyholders' Surplus:12,089,766,244

10 Admitted Assets 215,672,817 Reserves(Loss, LAE, UPR) — Total Liabilities 92,067,357 Policyholders' Surplus 123,605,460

11  The company has diversified in various fields unlike other companies which only do conventional insurance  The company anchored its objectives on bettering the American troops as an insurance company  GEICO has taken an approach that is hard for competitors to emulate.

12  James, H.(2011). Financial analysis ratios. London :Macmillan  Peter,H.(2012). The company score card. London: Macmillan  George, B.(2013). Insurance and investment: case studies. Nairobi: Longman  Leah, D.(2009). The changing faces of insurance. Cambridge:CP


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