Erie Indemnity Company
Management company of the Erie Insurance Exchange mutual insurer, writing $13 billion in premiums across 12 states from Erie, Pennsylvania.
Company Type
public
Founded
1925
Headquarters
Erie, Pennsylvania, USA
Stock
Nasdaq: ERIE
Revenue
$13.0 billion direct written premium (FY2025)
Employees
Approximately 6,800
Primary Market
United States
About Erie Indemnity Company
Is Erie Insurance a mutual company?
The insurer, Erie Insurance Exchange, is a reciprocal owned by policyholders. Erie Indemnity, the public company on Nasdaq under ERIE, manages it for a fee.
Is Erie Indemnity publicly traded?
Yes. Class A shares trade on the Nasdaq under ticker ERIE; super-voting Class B shares remain with insiders.
Who founded Erie Insurance?
H. O. Hirt and O. G. Crawford founded it in Erie, Pennsylvania in 1925.
Who is the CEO of Erie?
Tim NeCastro, CEO since 2016, retires December 31, 2026.
How much premium does Erie write?
$13.0 billion in direct written premium in 2025 across more than 7 million policies in 12 states and Washington, DC.
Where is Erie headquartered?
Erie, Pennsylvania, USA.
History of Erie Indemnity Company
H. O. Hirt and O. G. Crawford founded Erie Insurance in Erie, Pennsylvania in 1925 to sell auto insurance through independent agents, building the reciprocal exchange structure that persists today.
The company grew deliberately through the 20th century, staying regional while national insurers chased scale, and building a service reputation that made "Erie" shorthand for claims quality in its markets.
Indemnity has been Nasdaq-listed for decades, with public Class A shares carrying limited voting rights while the structure keeps the exchange policyholder-controlled. Expansion has been methodical: the footprint grew from Pennsylvania and Ohio to 12 states plus DC, with Kentucky and Maryland added most recently.
Under NeCastro's decade as CEO, premium grew to nearly $13 billion and policies past 7 million, with the company repeatedly ranked among the highest for customer satisfaction in independent studies. The 2025 creation of the Erie Insurance Foundation formalized a charitable program funded by the $100 million contribution.
Erie Indemnity Company Sustainability & Ethics
The mutual structure aligns management with policyholder outcomes rather than shareholder extraction; the 2025 Erie Insurance Foundation launch institutionalized corporate giving.
Company reporting covers workforce, community investment in the Erie, Pennsylvania hometown, and governance. No independent certification applies to insurance operations.
Controversy, Regulation & Public Scrutiny
Rate increases: Successive years of rate actions restored profitability but drew regulator review and cost the company policies, a standard industry pattern after inflation-driven loss costs.
Class B control: Concentrated insider voting through Class B shares is a standing governance consideration for Class A holders.
Brands Owned by Erie Indemnity Company
Erie Indemnity Company owns 1 brand in our database. Explore the ownership tree below — click categories to expand and see individual brands.
Erie Indemnity Company
public · Founded 1925 · Erie, Pennsylvania, USA
1
brands
Stock Information
Erie Indemnity Company Ownership: Pros & Cons
Advantages
- +Management-fee model earns without underwriting risk
- +Industry-leading customer satisfaction and 88.4 percent retention
- +Restored profitability: combined ratio improved to 104.9 percent
- +$10.1 billion policyholder surplus at the managed exchange
- +Long dividend record, Class A dividend up 7.1 percent in 2025
Considerations
- -Regional concentration in 12 states limits growth geography
- -Catastrophe losses remain volatile, 10.6 ratio points in FY2025
- -Class B shares limit outside shareholder influence
- -Policy count declining amid price competition
- -CEO transition at the end of 2026
Frequently Asked Questions About Erie Indemnity Company
Is Erie Insurance a mutual company?
The insurer, Erie Insurance Exchange, is a reciprocal owned by policyholders. Erie Indemnity, the public company on Nasdaq under ERIE, manages it for a fee.
Is Erie Indemnity publicly traded?
Yes. Class A shares trade on the Nasdaq under ticker ERIE; super-voting Class B shares remain with insiders.
Who founded Erie Insurance?
H. O. Hirt and O. G. Crawford founded it in Erie, Pennsylvania in 1925.
Who is the CEO of Erie?
Tim NeCastro, CEO since 2016, retires December 31, 2026.
How much premium does Erie write?
$13.0 billion in direct written premium in 2025 across more than 7 million policies in 12 states and Washington, DC.
Where is Erie headquartered?
Erie, Pennsylvania, USA.
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