No, Travelers Insurance is not owned by Geico, though Travelers and Geico do some business together. Geico owns a subsidiary called Geico Insurance Agency, which sells policies from a variety of companies, including Travelers. For instance, customers can buy Travelers’ homeowners and condo insurance policies from the Geico Insurance Agency.
Travelers Insurance is owned by its shareholders, as it is publicly traded, and it does not have a parent company. On the other hand, Geico is a separate company that is owned by Berkshire Hathaway.
This answer was first published on 04/28/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
WalletHub, Financial Company
Who owns the travelers insurance? ›
Travelers is owned by its shareholders, as it is a publicly traded company.
Is Travelers a reliable insurance company? ›
Travelers offers a good claims experience with helpful customer service and a reliable website and app. While Travelers offers plenty of coverage options, the company tends to be on the expensive side compared to other providers. You'll likely find the best home insurance elsewhere.
Who bought out Geico insurance? ›
In 1996, GEICO became a wholly owned subsidiary of Berkshire Hathaway, headed by Warren Buffett, one of the country's most successful investors. For the past several years, Fortune magazine has named Berkshire's property-casualty insurance operation the most admired in the country.
Who is the parent company of Geico? ›
Berkshire Hathaway Companies
GEICO is an indirect, wholly owned subsidiary of Berkshire Hathaway, Inc.
Are Geico and Travelers the same company? ›
For instance, customers can buy Travelers' homeowners and condo insurance policies from the Geico Insurance Agency. Travelers Insurance is owned by its shareholders, as it is publicly traded, and it does not have a parent company. On the other hand, Geico is a separate company that is owned by Berkshire Hathaway.
Who did Travelers Insurance merge with? ›
It was bought by Primerica in December 1993, but the resulting company retained the Travelers name. In 1995 it became The Travelers Group. It bought Aetna's property and casualty business in 1996. In April 1998, the Travelers Group merged with Citicorp to form Citigroup.
Are travelers good at paying claims? ›
The company scored 860 out of 1,000 points and is ranked sixth in the largest insurers category in the J.D. Power 2021 U.S. Insurance Shopping StudySM. Travelers also holds an A++ (Superior) financial strength rating from AM Best, which shows its ability to pay out claims on time.
Do travelers have good customer service? ›
Travelers has an average rating of 1.3 from 262 reviews. The rating indicates that most customers are generally dissatisfied. The official website is travelers.com. Travelers is popular for Insurance, Financial Services.
Who is cheaper than travelers insurance? ›
USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.
Like the rest of the auto-insurance industry, Geico was hit by sharply higher claims costs in 2022. It responded by raising premiums, which were up an average of 17% per policy in 2023. That increase, plus sharp cuts in expenses, including for advertising, helped restore profitability in 2023.
Does Warren Buffett own GEICO insurance? ›
1996 – Warren Buffett purchases outstanding GEICO stock, making GEICO a subsidiary of Berkshire Hathaway, Inc. 1999 – The beloved GEICO Gecko® makes his debut in a wildly popular GEICO ad campaign. 2002 – GEICO passes the 5 million PIF mark.
Who are the travelers affiliated with? ›
In both 1964 and 1965, the franchise played in the Triple-A Pacific Coast League before settling in the Double-A Texas League, where the Travelers have played since 1966. Currently, the Arkansas Travelers are the AA affiliate of the Seattle Mariners.
Is Travelers Insurance owned by MetLife? ›
Move may signal the end of the "financial supermarket" that provides banking, insurance, and investment services. Citigroup Inc. disclosed the sale Monday of the life and annuity division of its Travelers insurance business, along with most of its international insurance business, to MetLife Inc. for $11.5 billion.
Who are the shareholders of the travelers companies? ›
Shareholders: The Travelers Companies, inc.
| Name | Equities | % |
|---|
| STATE STREET CORPORATION 6.777 % | 15,446,713 | 6.777 % |
| BlackRock Advisors LLC 6.688 % | 15,243,143 | 6.688 % |
| JPMorgan Investment Management, Inc. 5.877 % | 13,395,350 | 5.877 % |
| Fidelity Management & Research Co. LLC 5.473 % | 12,475,442 | 5.473 % |
1 more rowBerkshire Hathaway's Travelers Companies Stake
The first Travelers Companies trade was made in Q3 2009. Since then Warren Buffett bought shares two more times and sold shares on three occasions. The investor completely sold their stake between Q4 2019 and Q1 2020.
