270.52
-0.93%
Close of 9 Nov 2026, in USD
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About Erie Indemnity
From its filings with the US Securities and Exchange Commission
Erie Indemnity is based in Erie, Pennsylvania and is incorporated in Pennsylvania. Its shares trade on Nasdaq under the ticker ERIE. It is a member of the S&P 500. The SEC classifies its business as insurance agents, brokers & service. In the fiscal year to 31 December 2025, it reported revenue of $4.07bn and net income of $559.3m. At that date it held total assets of $3.36bn and shareholders' equity of $2.28bn.
Erie Indemnity Company ("Indemnity", "we", "us", "our") is a publicly held Pennsylvania business corporation that has since its incorporation in 1925 served as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange ("Exchange"). The Exchange, which also commenced business in 1925, is a Pennsylvania-domiciled reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty insurance subsidiaries including: Erie Insurance Company, Erie Insurance Company of New York, Erie Insurance Property & Casualty Company and Flagship City Insurance Company, and a wholly owned life insurance company, Erie Family Life Insurance Company ("EFL").
Our primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. We also act as attorney-in-fact on behalf of the subscribers at the Exchange with respect to all claims handling and investment management services, as well as the service provider for all claims handling, life insurance, and investment management services for the Exchange's insurance subsidiaries, collectively referred to as "administrative services". Acting as attorney-in-fact in these two capacities is done in accordance with a subscriber's agreement (a limited power of attorney) executed individually by each subscriber (policyholder), which appoints Indemnity as each subscriber's attorney-in-fact to transact certain business on their behalf.
Quoted from its 10-K, filed 23 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 2 Oct 1995
- Employees
- 6,667
- Website
- erieinsurance.com ↗
- Head office
- 100 ERIE INSURANCE PL, ERIE, PA, 16530
- Incorporated in
- PA
- Classification
- Insurance Agents, Brokers & Service
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Thomas HagenIndependent Chairman of the Board$318,812
- Mr. Timothy NecastroPresident, Chief Executive Officer$9.2m
- Mr. Jonathan HagenIndependent Vice Chairman of the Board$197,500
- Ms. Julie PelkowskiChief Financial Officer, Executive Vice President$1.8m
- Mr. Parthasarathy SrinivasaExecutive Vice President, Chief Information Officer$1.8m
- Mr. Brian BolashExecutive Vice President, General Counsel, Company Secretary$1.7m
- Mr. Douglas SmithExecutive Vice President - Sales and Products$1.6m
- Mr. Sean DuganExecutive Vice President - Human Resources and Corporate Services
- Mr. Cody CookExecutive Vice President - Claims
- Ms. Sarah ShineExecutive Vice President - Experience and Customer Service
- Mr. J. Ralph BornemanDirector$176,500
- Mr. Eugene ConnellIndependent Director, since 1988$188,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 31
- Environment
- 1
- Social
- 32
- Governance
- 60
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Erie Indemnity Co possesses several strengths that contribute to its success in the insurance industry. These include:
Weaknesses
- Despite its strengths, Erie Indemnity Co also faces certain weaknesses that may hinder its growth and competitiveness:
Opportunities
- Erie Indemnity Co has several opportunities to explore and capitalize on to further enhance its position in the insurance market:
Threats
- Erie Indemnity Co faces certain threats that may pose challenges to its growth and profitability:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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