Warren Buffett hints at retirement as Greg Abel steps up. Explore GEICO's challenges, Progressive's rise, and investment ...

Berkshire Hathaway manager Todd Combs appears to have borrowed from Elon Musk’s cost-cutting playbook in his turnaround efforts at auto insurer Geico, which had record underwriting profits in 2024.

For decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has captured the attention of investors with its ability to deliver crushing market returns. Under the leadership of CEO Warren Buffett, the ...

Warren Buffett said in his letter that his company's record tax payment should be used to "take care of the many" who "get the short straws in life." ...

Buffett singled out Todd Combs, Geico's chief executive since 2020 and also a Berkshire investment manager, saying he has "reshaped Geico in a major way" by increasing efficiency and improving ...

Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations.

“In five years, Todd Combs has reshaped GEICO in a major way, increasing efficiency and bringing underwriting practices up to date,” Buffett said. Berkshire added to its cash position while it ...

Under CEO Todd Combs, GEICO has modernized its underwriting practices and earned praise from Buffett. With a background in insurance, Combs is one of a few promising future leaders for Berkshire ...

Buffett applauded Todd Combs for turning around GEICO and praised Greg Abel's decisiveness. Warren Buffett underlined the massive scale of Berkshire Hathaway's tax payments, urged the government ...

GEICO's performance has been improving under the leadership of Todd Combs, who became CEO in 2020. Since his appointment, the company has implemented telematics and enhanced its models.