By Mary Manyahilhal Melvin on March 18, 2010 at 8:03 AM
Posted in: Odds & Ends
Here’s a little tidbit that you may not know about GEICO. We are a wholly-owned subsidiary of Berkshire Hathaway.
What’s Berkshire Hathaway? Well, you may not be familiar with Berkshire, but I’m sure you’re familiar with its owner, renowned investor Warren Buffett. Yep, that’s right, the Gecko and the Caveman are in cahoots with Mr. Warren Buffett himself.
Buffett’s company, Berkshire Hathaway, made its final purchase of GEICO stock in 1996, acquiring all the outstanding shares of the company. Buffett was one of GEICO’s very first investors when he began purchasing stock way back in 1950 at the ripe age of 20 (talk about foresight!). He has been a proud supporter of GEICO ever since.
Berkshire Hathaway has been in existence for about 44 years now and is based in Buffett’s hometown of Omaha, Neb. In case you’re curious, here’s a list of some of GEICO’s sister companies, also owned by Berkshire Hathaway … I’ll bet you’ve already heard of many of these:
Do you want to build a home or furnish one?
- Clayton Homes
- Acme Brick
- Shaw Industries
- Johns Manville
- Benjamin Moore
- Jordan’s Furniture
- Nebraska Furniture Mart
- The Pampered Chef
- RC Willey Home Furnishings
- Star Furniture
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