Erie Indemnity Co - Company Profile
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Erie Indemnity Company (Erie Indemnity) is a company that serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange. The company's main activities include policy issuance, renewal services, claims handling, and investment management for the exchange and its subsidiaries. Erie Indemnity provides a range of insurance products, including property and casualty insurance, life insurance, and investment management services. Erie Indemnity's services cater to policyholders across various industries, focusing on personal and commercial lines of insurance. The company operates through independent agencies that serve as its distribution network. Erie Indemnity's operations are primarily based in Pennsylvania, targeting markets across the United States. Erie Indemnity is headquartered in Erie, Pennsylvania, the US.
Headquarters
United States of America
Address
100 Erie Insurance Pl, Pennsylvania, 16530
Website
www.erieinsurance.com
Telephone
1 814 8702000
No of Employees
6,667
Industry
Financial Services
Ticker Symbol & Exchange
ERIE (NASD)
Revenue (2024)
$4.1B
7.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-6.8%
(2024 vs 2023)
Market Cap*
$13.5B
Net Profit Margin (2024)
XYZ
-13.1%
(2024 vs 2023)
* As of and is in US$
Erie Indemnity Co premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Auto Insurance | Claims Services | Erie |
| Motorcycle Insurance | Administrative Services | |
| Car Collectors Insurance | Online Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In May, the company signed a partnership with Hyland to deploy the Content Innovation Cloud. |
| 2025 | Financing Agreements | In October, the company invested in Atomic and Feathery to support embedded brokerage and AI-powered data intake innovations for insurers. |
| 2025 | Others | In May, the company launched the Erie Insurance Foundation, a private charitable foundation. |
Competitor Comparison
| Key Parameters | Erie Indemnity Co | Nationwide Mutual Insurance Co | American Family Insurance Group | CNA Financial Corp | Amica Mutual Insurance Company |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Erie | Columbus | Madison | Chicago | Lincoln |
| State/Province | Pennsylvania | Ohio | Wisconsin | Illinois | Nebraska |
| No. of Employees | 6,667 | - | 13,000 | 6,600 | - |
| Entity Type | Public | Private | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Timothy G. NeCastro | Chief Executive Officer; President | Senior Management | 2016 | 65 |
| Julie M. Pelkowski | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 56 |
| Parthasarathy Srinivasa | Executive Vice President; Chief Information Officer | Senior Management | 2022 | 54 |
| Thomas B. Hagen | Chairman | Non Executive Board | 2007 | 90 |
| Jonathan Hirt Hagen, J.D. | Vice Chairman | Non Executive Board | 2013 | 63 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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