Pros
One of the most financially stable companies in the country. GEICO is very conservative with internal spending and has extremely well balanced books. There is added security from full ownership by Berkshire Hathaway. Benefits are much better than anywhere else in the area. Benefits include a Vanguard 401k, multiple options for health and dental coverages, various types of life/accidental death insurance offered, tuition reimbursement and of course, the GEICO employee's favorite, profit sharing. Although the rest of the country is in a serious slump, GEICO employees were given profit sharing this year for last year's performance. GEICO is a strong and continually growing company with strong job security in an otherwise shaky market. What happened to AIG would never happen to GEICO. they are far too careful for it to be a possibility! the dress code is fairly comfortable. my understanding of similar companies gives the impression that GEICO is actually very lenient.
Cons
i only have experience with the claims department. co-worker squabbling and gossiping can sometimes make you feel like you're in high school again. although it is sometimes understandable since we do work in the insurance industry and we are regulated by the state, treating honest mistakes like an integrity issue is occasionally a problem. tuition reimbursement is limited now to only business core classes... say what?!? they want you to get your degree or you wont be considered for a promotion, but they will not pay for the extra classes that the school requires before you can graduate. GEICO thinks that just because someone has a degree, they are somehow more intelligent or will be more adept at their job, regardless of how little their degree relates to business at all. it is also now more difficult to get approval for tuition reimbursement at private schools (i.e. strayer university). the "emerging leaders" program has really got to go. the head of the program has a serious entitlement problem. every other employee at geico, especially supervisors, in the departments that they are rotated through, are resentful that a fresh out of college "kid" with no experience was magically chosen to be placed directly in a management position after being rotated through a few departments. many of these "emerging leaders" leave the company once they are finished with their rotations anyway. i dont know of a single one who actually stayed with the company once they were finished with their rotations.