Company
Erie Indemnity Company
Headquarters: Erie, PA, United States
Founded: April 20, 1925
Employees: 5,805
CEO: Mr. Timothy Gerard NeCastro C.I.C., CPA
Market Cap
$17.42 Billion
USD as of Jan. 1, 2024
Erie Indemnity Company Categories
United States Financials Insurance BrokersUnited States Financials United States Insurance Brokers
Company Description
Erie Insurance is a diversified insurance company. Founded in 1925, it provides property, car, and life insurance through a network of independent insurance agents operating in 12 northeastern US states. It provides its services through a number of subsidiaries including Erie Insurance Property & Casualty, Flagship City Insurance, Erie Insurance Company, Erie Insurance Company of New York, and Erie Family Life Insurance.
Top Competitors by Market Capitalization
Industry: Insurance Brokers
| Company | Market Cap (USD) |
|---|---|
| Marsh & McLennan Companies, Inc. | $94.42 B |
| Aon Plc | $58.24 B |
| Arthur J. Gallagher & Co. | $48.77 B |
| Willis Towers Watson plc | $24.85 B |
| Brown & Brown, Inc. | $20.06 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.
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Stocks & Indices
Erie Indemnity Company has the following listings and related stock indices.
Stock: NASDAQ: ERIE wb_incandescent
Product & Services
Property, casualty and life insurance
Key People
Founder(s): H. O. Hirt O. G. Crawford
Timothy G. Ne Castro (CEO) Thomas B. Hagen (Chairman)