GEICO Corp. is now the second-largest private auto insurer in the United States, replacing Allstate Corp., according to a report from SNL Financial, a news and analytics firm covering the financial services industries.
GEICO, a division of Berkshire Hathaway, had $4.89 billion in direct written premiums in Q3 2013, compared to $4.65 billion for Allstate, SNL said. State Farm Mutual Automobile Insurance Co. was the largest, with $8.72 billion in direct written premiums for the quarter.
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