Looks like GEICO's run as the fastest-growing auto insurer in the industry is over, at least for now.
According to a recent report from SNL Financial, CSAA Insurance Exchange posted double-digit year-over-year growth for its personal auto business, reporting 23.07% growth and far outperforming all of the other carriers in the second quarter.
CSAA reported $553.4 million in private auto direct premiums in Q2, SNL said, a figure that represents the greatest year-over-year increase in private auto in the last 12 years. The jump was largely attributed to growth at the firm's CSAA Insurance Exchange and CSAA General Insurance Co.
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