The expansion follows significant growth in GEICO’s commercial insurance business over the last 18 months.

This news follows our coverage of TIMS and Lemonade.

GEICO reported $5.7 billion in pre-tax underwriting earnings for the first nine months.

This is the second agency Next Insurance has partnered with this month.

Vijay Raghavendra has been named interim replacement.

GEICO, once recognized for its agency-independent approach, has recently changed direction and is now actively pursuing partnerships with independent agents.

GEICO’s loss ratio was 74.1% in the second quarter.

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In a non-inflationary world, GEICO would not be a $40 billion company and other nuggets.

GEICO’s loss ratio was 72.5% in the quarter, a decrease of 10.5 percentage points compared to 2023.

The independent agency channel accounts for 88% of all commercial lines written premium.

GEICO's insurance quoting process is integrated with Amazon.

GEICO has also submitted rate revisions in some states.

The insurer ended the year with a $3.6 billion pre-tax underwriting gain.