No. of Recommendations: 3
Still losing to PGR. Headcount down 3K there. Very little commentary other than they're going to raise rates and be profitable in 2023.
It may be a function of what I watch on television, but I have seen almost no GEICO commercials for the past several months, and I am swamped by a tsunami of 'Flo for Progressive' and especially those idiotic commercials for Liberty, Liberty, Liberty. Liberty.
I have almost wondered if GEICO is in retreat, hunkering down for stabilization after a bad year or two or what. (I don't really follow the ins and outs of the insurance industry, so I really have no idea.) Just an observation.