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Algernon Moncrieff

(5,945 posts)

25. No - it's very sane, actually

Sun Jan 11, 2015, 10:05 PM

Jan 2015

GEICO is owned by Berkshire Hathaway (read: Warren Buffett)

Berkshire's insurance interests are run by a very smart man named Ajit Jain.

Insurance premiums that accrue prior to the payment of claims are called "float." Insurance companies make money by investing the float.

Warren Buffett (i.e. Berkshire) uses that float to buy stock in companies. The money has to be paid back to pay claims, but from Buffett's perspective, it's an interest free loan to Berkshire Hathaway.

So they'll spend whatever it takes to get more customers to pay more premium. And the more customers they can attract to spread risk, the lower the premiums become.

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Highlight:

Most Annoying: The Gecko, The Pig, Flo or That Guy [View all] marmar Jan 2015 OP

Peyton Manning/Nationwide or Aaron Rogers/State Farm Auggie Jan 2015 #1

Agree totally on the Peyton Manning commercial ............ marmar Jan 2015 #3

I knew a Creative Director who said "Don't kiss the product." Auggie Jan 2015 #10

Allow me to add Rob Lowe to that list oberliner Jan 2015 #5

Well, I think it's been a good campaign but they're starting to reach now Auggie Jan 2015 #9

i love the mayhem commercials fizzgig Jan 2015 #15

Yep Same here. BlueJazz Jan 2015 #30

Me too Myrina Jan 2015 #42

I always think of Oz. Blue_In_AK Jan 2015 #45

I like the Gecko, the Pig, the Dromedary camels... hlthe2b Jan 2015 #2

That's Republic, "accident forgiveness".. MY peeve is annabanana Jan 2015 #41

Dromaderies have one hump. Brigid Jan 2015 #50

Ok.. I stand corrected. hlthe2b Jan 2015 #51

Geico spends so much fricking money on advertising oberliner Jan 2015 #4

No - it's very sane, actually Algernon Moncrieff Jan 2015 #25

Didn't mean it literally oberliner Jan 2015 #27

It's supposed to make you insane Algernon Moncrieff Jan 2015 #28

manning & that pizza company irisblue Jan 2015 #6

Incidentally run by a crazy RW Republican oberliner Jan 2015 #14

Even though the Peyton Manning commercial grates on my last nerve... Tom_Foolery Jan 2015 #7

I love them all! Even Payton's singing! WinkyDink Jan 2015 #8

A big YES to all of them...n/t monmouth4 Jan 2015 #11

Super creepy pipi_k Jan 2015 #12

Flo is on my #wouldbang list. KG Jan 2015 #13

"that guy", Flo, the most interesting man are in top ten highest paid commercial Liberal_in_LA Jan 2015 #16

That creepy Dr. Pepper salesman/football mastermind. Paladin Jan 2015 #17

Just for the record discntnt_irny_srcsm Jan 2015 #18

I was just complaining about the Rob Lowe ads PennyK Jan 2015 #19

Nothing is as annoying as those Cialis commercials. femmocrat Jan 2015 #20

I keep wondering why they are in separate bathtubs. Algernon Moncrieff Jan 2015 #22

I'm guessing it has to do with the twin bed phenomenon as well in old sitcoms. Fearless Jan 2015 #33

That is the best part of the ad because it's at the END! femmocrat Jan 2015 #36

Actually, I like them all Algernon Moncrieff Jan 2015 #21

Rob Lowe (nt) bigwillq Jan 2015 #23

My process of elimination, Flo canNOT be discarded/whatever n/t UTUSN Jan 2015 #24

I actually like them all, KMOD Jan 2015 #26

I hate the pig. Calista241 Jan 2015 #29

I'm torn,Flo gotta go but that pig belongs on a spit in a smoker. easychoice Jan 2015 #31

Flo, and for fast-food commercials it's those Sonic idiots. SMC22307 Jan 2015 #32

Flo long ago jumped the shark ProdigalJunkMail Jan 2015 #34

Mute the Sonic guys and State Farm ads Number9Dream Jan 2015 #35

I like Flo. dawg Jan 2015 #37

I like all three of them. The pig is so, so cute. n/t RebelOne Jan 2015 #43

I Went With Mayhem ProfessorGAC Jan 2015 #38

Flo will go down in history as the most annoying character ever in the history of advertising! lastlib Jan 2015 #39

Flo makes about half a million a year Kaleva Jan 2015 #40

Damned... MrMickeysMom Jan 2015 #49

Rob Lowe sakabatou Jan 2015 #44

None of these really annoy me. Blue_In_AK Jan 2015 #46

It's the constant repetition that makes them so awful. redwitch Jan 2015 #47

Flo's right behind the pig, eh? MrMickeysMom Jan 2015 #48

I vote for the pig. Brigid Jan 2015 #52