S&P gives GEICO AAA

NEW YORK, Sept. 2 (UPI) -- Standard & Poor's Thursday affirmed its AAA credit rating on GEICO Corp. of New York.

The rating agency also affirmed the AAA credit and financial strength ratings on Government Employees Insurance Co., GEICO Indemnity Co., GEICO Casualty Co. and GEICO General Insurance Co.

The outlook on all these companies, collectively referred to as GEICO, is stable.

GEICO is a leading provider of personal auto insurance on a direct basis in the United States. The ratings on GEICO are based on its core status to ultimate parent company Berkshire Hathaway Inc., S&P said.