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Erie Insurance Ratings and Company Information
Best Insurance Reports: A+
Url of page where rating was collected:
Best Rating: A.M. Best rating: A+ (superior)
Type of Insurance Company: Stock
Name of Parent Company:
Erie Indemnity Company
Erie Insurance Company of New York
Erie Insurance Company
Erie Insurance Property and Casualty Company
Flagship City Insurance Company
Erie Family Life Insurance Company
Company History: Founded 1925 as a Pennsylvania auto insurer. Currently Erie Insurance has over 4.8 million policies in force. Over 2,167 agencies represent Erie and the company currently employs more than 4,600 people. Erie is the 18th largest property/casualty insurer in the US based on total lines of net premiums written. Ward Group placed Erie insurance on their national list of Top 50 Performing Property/Casualty insurers for financial stability, consistency and performance in 2013, making it their 6th consecutive year and 16th time overall on the list. The company employs approximately 4,600 full-time people.
Principle Sales Methods: Independent agents.
Life Annuity Business: Erie Insurance offers Life and Annuity policies through its Erie Family Life Insurance subsidiary. Currently Erie Insurance has more than 330,000 life, annuity, and disability income policies in force. Erie Family Life is the 110th largest life insurance company based on admitted assets and the 55th largest life insurance company based on net premiums.
Auto Business: Erie Insurance offers Auto Insurance with multiple discounts and flexible payment plans. Erie is the 12th largest auto insurer in the country and the 2nd largest auto insurer in the state of Pennsylvania based on direct premiums.
Homeowners Business: Erie Insurance offers Homeowners insurance for owner/occupiers, tenants, condo and mobile home owners, featuring discounts and flexible payment plans. Erie is the 14th largest home insurer in the country based on direct premiums written.
Special Business: Erie Insurance sells commercial policies, group life, small business coverages.
Company Financial Status:
Ticker Symbol: ERIE (NASDAQ)
Assets & Premiums: Direct Written Premium: $5.076 billion
Total Assets: $1.213 billion
Total Equity: $734 million
Lines of Insurance:
Auto, Life, Homeowners
States licensed to sell insurance in:
DC, IL, IN, MD, NY, NC, OH, PA, TN, VA, WV, WI