Berkshire Hathaway’s Geico CoR rises 13.4 points in Q1 amid personal auto strain
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Berkshire Hathaway’s Geico CoR rises 13.4 points in Q1 amid personal auto strain

Farhin Lilywala
April 30, 2022
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Berkshire Hathaway’s Geico posted a 13.4-point increase in combined ratio in the first quarter of 2022 to 101.9%, highlighting the continued increased claims frequency and severity plaguing the personal auto segment.

Berkshire elaborated that Geico saw claims frequency increase across all coverages, while severity especially increased in property damage, collision and bodily injury coverages.

The

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Farhin Lilywala
Section Editor, Distribution & Specialty
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