Erie Indemnity Company (NASDAQ: ERIE) — Company Overview, News & Financial Data
Erie Indemnity Company provides a diverse range of insurance products in the United States, focusing on customer service.
Erie Indemnity Company
Erie Indemnity Company is a management company that serves as the attorney-in-fact for the subscribers at Erie Insurance Exchange, a reciprocal insurance exchange in the United States. The company manages policy administration, sales, underwriting, and claims processing services for the Exchange, earning management fee revenue calculated as a percentage of direct written premiums. Through its network of independent agencies and operating subsidiaries, the company facilitates personal and commercial insurance lines, including personal auto, homeowners, property, general liability, commercial auto, and life insurance products. Operations are centered in Pennsylvania, supporting policyholders across mid-Atlantic, Midwestern, and Southeastern states.
Snapshot
Operations
Products and/or services of Erie Indemnity Company
- Management Services: Attorney-in-fact administrative and operational services provided for a reciprocal insurance exchange, encompassing policy issuing, underwriting, risk management, premium billing, and general administrative functions while generating management fee revenues based on written premium volume.
- Auto Insurance: Personal vehicle protection coverage including private passenger automobile policies, motorcycle coverage, antique and classic car protection, recreational vehicles, boats, and off-road vehicles distributed across twelve states and the District of Columbia through independent agencies.
- Property Insurance: Residential property insurance products covering single-family homeowners, renters personal property, condominium units, mobile homes, and personal umbrella liability policies designed to protect policyholder personal assets against property loss, liability, and structural damage claims.
- Commercial Line Insurance: Business insurance solutions offering commercial auto coverage, property and general liability protection, workers' compensation programs, and specialized cyber suite insurance tailored for small to mid-sized businesses across diverse commercial and industrial sectors.
- Life Insurance and Annuities: Life insurance and financial security products including term life, whole life, express coverage plans, Medicare supplement insurance, and individual retirement annuity products issued through dedicated life insurance subsidiary operations.
- Agency Network Distribution: Independent agency distribution network comprising over thirteen thousand licensed independent insurance agents operating across thousands of local agency locations in Pennsylvania, Ohio, Maryland, Virginia, and adjacent regional property and casualty markets.
Erie Indemnity Company executive team
- Mr. Timothy Gerard NeCastro C.I.C., CPAPresident & CEO
- Ms. Julie Marie Pelkowski CPAExecutive VP & CFO
- Mr. Parthasarathy SrinivasaExecutive VP & Chief Information Officer
- Mr. Brian William Bolash Esq.Executive VP, Corporate Secretary & General Counsel
- Mr. Douglas Edward Smith C.P.C.U., FCAS, MAAAExecutive Vice President of Sales & Products
- Mr. Bill MatrogranVice President of Construction Management & Operations
- Mr. Ronald Steven HaburskySenior VP & Chief Investment Officer
- Mr. Scott W. BeilharzVice President of Capital Management & Investor Relations
- Mr. Charles Michael Fletcher C.I.C.Senior Vice President of Sales & Marketing
- Mr. Sean David Dugan AU, C.I.C., C.P.C.U.Executive VP of Human Resources & Corporate Services