AM Best Affirms Credit Ratings of Members of GEICO, GEICO Corporation and Its Affiliate

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” for the members of Government Employees Group (GEICO) (Chevy Chase, MD). AM Best also has affirmed the Long-Term ICR of “aaa”, as well as the Long-Term Issue Credit Rating of “aaa” on $150 million 7.35% senior unsecured debentures, due 2023, of the immediate parent holding company, GEICO Corporation (Wilmington, DE). In addition, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa” of GEICO Marine Insurance Company (GEICO Marine) (Chevy Chase, MD). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the companies and ratings.)