GEICO was acquired by the multinational holding conglomerate Berkshire Hathaway, led by legendary investor Warren Buffett. Buffett initially began purchasing shares in GEICO during the 1950s and gradually increased Berkshire's stake over the decades before completing the full acquisition of all remaining outstanding stock. Since then, GEICO has operated as a wholly owned primary subsidiary of Berkshire Hathaway, serving as a major anchor of its massive insurance operations.
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