Geico CEO Todd Combs Ditches Buffett for JPMorgan’s $10B ‘Fun’ Club
KEY POINTS
- •Todd Combs, investment manager for Warren Buffett and CEO of Berkshire Hathaway’s Geico, is leaving after five years.
- •He will lead JPMorgan’s $10 billion Strategic Investment Group, part of their new Security and Resiliency Initiative.
- •The initiative aims to boost growth, innovation, and US manufacturing according to JPMorgan’s plan.
After a vigorous five-year sprint as CEO at Berkshire Hathaway’s Geico—yes, the service famous for that chatty gecko who never sleeps—Todd Combs decided to leave the cozy nest and join JPMorgan. Here, he’ll helm a $10 billion Strategic Investment Group under the vague yet intimidatingly named Security and Resiliency Initiative. This powerhouse operation is JPMorgan’s grand attempt to turbocharge US manufacturing, innovation, and growth. All while Warren Buffett presumably watches from Omaha, possibly questioning if investing in name changes isn’t its own kind of security risk. Meanwhile, the initiative skyrockets Combs from insurance pitchman to Wall Street’s shiny new bouncer.
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Todd Combs traded lizard-approved insurance for a $10B JPMorgan gig that’s basically Monopoly money for grown-ups pretending to fix US manufacturing.
JPMorgan's new $10 billion Security and Resiliency Initiative sounds like a fancy name for ‘Please pretend this fixes America’s factories.’
Five years guarding the Geico gecko, now Todd Combs gets to guard a $10 billion fund — Wall Street’s idea of exciting insurance.
Source: Businessinsider | Published: 12/8/2025 | Author: Theron Mohamed
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