Death, it seemed, was imminent. But the patient hung on, battling bankruptcy from week to week. Now, after drastic surgery and some extensive aid from competitors, it is clear that Government Employees Insurance Co., the ailing former wonder child of the industry (TIME, July 19), will live. The latest signs of viability: after losing $124 million in 1975 and $40 million in the first six months of 1976, GEICO turned a small profit in the third quarter; it expects more black ink in the last three months. The company has sold a...
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