Erie Insurance Group
2632601
223862197
2008-07-06T05:38:19Z
24.93.192.250
{{Infobox_Company
| company_name = Erie Insurance Group
| company_logo = [[Image:EIGlogo.gif|Erie Insurance logo]]
| company_type = Public ({{NASDAQ|ERIE}})
| foundation = [[1925]]
| location = [[Erie, Pennsylvania]] {{flagicon|USA}}
| key_people = John J. Brinling, Jr., [[Chief Executive Officer|CEO]]
| num_employees = 4,400
| industry = Insurance
| products = Property, Casualty and Life Insurance
| revenue = {{profit}} [[US Dollar|$]]1,124,950,000 ([[2005]])
| homepage = [http://www.erieinsurance.com/ www.erieinsurance.com]
}}
'''Erie Insurance Group''', ({{NASDAQ|ERIE}}) is a multi-line [[insurance]] company, offering [[auto insurance|auto]], [[homeowners insurance|home]], commercial and [[life insurance]] through a network of independent insurance agents.
ERIE’s geographic presence extends to 11 states and the [[District of Columbia]], including [[Illinois]], [[Indiana]], [[Maryland]], [[New York]], [[North Carolina]], [[Ohio]], [[Pennsylvania]], [[Tennessee]], [[Virginia]], [[West Virginia]] and [[Wisconsin]].
==History==
The Pennsylvania Insurance Department issued a license to the Erie Insurance Exchange as an [[auto insurance|automobile insurer]] in 1925 and operations began on April 20, 1925. Erie Insurance Exchange was formed as a reciprocal and Erie Indemnity Company was formed as its managing company. The annual premium charge per auto was $34. The founding purpose of the company was the same as it is today: "To provide our policyholders with as near perfect protection, as near perfect service as is humanly possible and to do so at the lowest possible cost."
In 1940 the company added a new line—[[fire insurance]]— allowing independent agents to more fully depend on ERIE to fulfill the insurance needs of their customers. In September, 1967 the Erie Family Life Insurance Company was founded adding [[life insurance]] to the protection offered by ERIE Agents.
==CEOs==
{| class="wikitable"
|-
!CEO !! Years Served
|-
| H.O. Hirt || 1925 – 1976
|-
| F.W. Hirt || 1976 – 1990
|-
| Thomas B. Hagen || 1990 – 1993
|-
| John M. Petersen || 1993 – 1996
|-
| Stephen A. Milne || 1996 – 2002
|-
| Jeffrey A. Ludrof || 2002 – 2007
|-
| John J. Brinling, Jr., Interim CEO || Present
|}
==Executive Office==
{| class="wikitable"
|-
!Executives !! Title
|-
| Michael Krahe || Executive Vice President - Human Development and Leadership
|-
| Philip Garcia || Executive Vice President - Chief Financial Officer
|-
| Thomas Morgan || Executive Vice President - Insurance Operations
|-
| James J. Tanous || Executive Vice President, Secretary and General Counsel
|-
|
|}
== By the Numbers==
* ERIE has grown to include 4,400 employees and is represented by more than 7,000 professional independent ERIE agents from more than 1,750 agencies
* The company has approximately 4.2 million policies in force
Industry Rankings:
* 23rd largest property casualty insurer in the United States based on total lines net premiums written
* 15th largest property/casualty insurer in the United States
* Second largest auto insurer in Pennsylvania
* 425th largest U.S. corporate group, in terms of revenue, as ranked by Fortune magazine
* 120th largest life insurance company based upon admitted assets
Financial Stability:
* Erie Insurance Group rated Superior by A.M. Best Company
* Erie Family Life Insurance Company rated Excellent by A.M. Best
[[Category:Insurance companies of the United States]]
[[Category:Companies established in 1925]]
[[Category:Erie, Pennsylvania]]
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