finance paper
stella6459
ellisonj_portfolio_draftfeedback.pptCompany financial Analysis
6/29/2014
- The name stands for Government Employees Insurance Company.
- It was founded by Founder Leo Goodwin.
- Its main purpose was to serve government employees especially those in military
- The company serves about 1.2 million people and it is still projected to grow.
Juan Roman - This is a good slide with some important information. However, it's a little cluttered. I would place most of this data into the notes pages and limit the bullet points to three to four words.
The GEICO which stands for the government employees insurance company whose initial objective was to serve employees of the government mainly in the military. The company has since grown to provide services to the general public and currently has a client base of about 1.2 million people.
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- It is the second -largest private passenger auto insurer in the United States.
- It is one of the fastest growing companies in the USA
- It has employed over 30000 associates
- The Company provides 24 hour service to its customers
Juan Roman - Good point. Where did you get this statistic from? Please reference.
Juan Roman - Once again, where did this statistic come from? Please reference. Also, please remember to cite in APA style.
Juan Roman - You forgto the comma.
The company stands out of the rest because it has managed to stay ahead even after deviating from its initial objectives of serving just a specific line of clients.
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- Personal umbrella protection
- Life insurance
- Floods
- Oversees insurance
- Business insurance
- Commercial auto insurance
- Collector car insurance
Juan Roman - This is a well-presented slide. However, I would include a brief description of each in the notes pages.
Insurance companies provide a number of services to its customers. The company does not just focus on conventional insurance, rather it also deals in other areas like oversees and floods.
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- The financial strength is rated as superior.
- Debt rating for the company is good as far as securities is concerned
- Cooperate credit ratings
- EICO was named to the Ward's 50 top group of financially high-performing insurers for the 21st consecutive year
Juan Roman - Good statistic but according to who? Please reference.
Juan Roman - You missed the "G"
The company has some aspects that has made it to have good ratings as far as the its economics is concerned for example the company is rated as having a very good financial position, the company has also been awarded as one of the companies that made it to the top.
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- The insurance premiums that the company receives is meant to make sure that the company is in position to settle claims.
- The company a total number of assets of over $28 billion.
- The ratings show that the company has a stable financial base
Juan Roman - You missed a word here. GEICO "has", "had" $28 billion? Please describe
Juan Roman - Which ratings? There are many rating companies. Please be specific.
The financial position of insurance companies is mainly based on the fact that they receive premiums and pay or settle claims, this means that the company should be able to have some financial stability for it to perform.
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- By the end of 2012 the company had a revenue of 16740.00 M
- The growth rate was projected to be 9.00
- The company had a total number of employees adding up ,28000.
- The company has been able to pay off its expenses due to its financial position
Juan Roman - Please write in dollar form. $16.74 billion
Juan Roman - Growht rate from where? Please reference.
Juan Roman - Missing comma
GEICO company has been projected to have made 16740 million dollars for the year 2012, and based n the projection, there are some growth that have also been experienced.
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The graph shows that the expense ratio of the company is better that most of it competitors as indicated.
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Admitted Assets: 25,778,845,243
Reserves(Loss, LAE, UPR): 10,845,885,865
Total Liabilities :13,689,078,999
Policyholders' Surplus:12,089,766,244
Jennifer Lynn (JL) - Please write in dollar form
The ratio between the assets and liabilities is safe for the company to be regarded as liquid. OK BUT WHY? PLEASE EXPLAIN YOUR CONCLUSION.
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Admitted Assets 215,672,817
Reserves(Loss, LAE, UPR) —
Total Liabilities 92,067,357
Policyholders' Surplus 123,605,460
Juan Roman - This slide is basically the same one as the "Financial Records" side. What is the difference between each? Please compare and contrast.
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- The company has diversified in various fields unlike other companies which only do conventional insurance
- The company anchored its objectives on bettering the American troops as an insurance company
- GEICO has taken an approach that is hard for competitors to emulate.
Juan Roman - Misspelling.
GEICO combines the elements of an insurance company as well as an investment company because of its diversity.
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- James, H.(2011). Financial analysis ratios. London :Macmillan
- Peter,H.(2012). The company score card. London: Macmillan
- George, B.(2013). Insurance and investment: case studies. Nairobi: Longman
- Leah, D.(2009). The changing faces of insurance. Cambridge:CP
