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Dynamic quotes 
OFFON

ERIE INDEMNITY COMPANY

(ERIE)
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Business Summary
Logo Erie Indemnity Company
Erie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Company's function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange. The sales related services the Company provides include agent compensation, and certain sales and advertising support services. Agent compensation includes scheduled commissions to agents based upon premiums written, as well as additional commissions and bonuses to agents. The underwriting services the Company provides include underwriting and policy processing expenses. It provides information technology services that supports various functions. The remaining services the Company provides include customer service and administrative costs.

Number of employees : 5 914 people.
Sales per Business
20192020Delta
Management Fee - Policy Issuance and Renewal Services, Net1 810.4672.9%1 841.7972.6% +1.73%
Administrative Services Reimbursement582.0123.4%609.4424% +4.71%
Management Fee - Administrative Services, Net57.202.3%59.462.3% +3.95%
Service Agreement27.631.1%25.801% -6.62%
USD in Million
Sales per region
20192020Delta
United States2 477.3099.8%2 536.49100% +2.39%
USD in Million
Managers
Name Title Age Since
Timothy NeCastro President & Chief Executive Officer 59 2017
Gregory Gutting Chief Financial Officer & Executive Vice President 56 2015
Robert Ingram Chief Information Officer & EVP 61 2012
Ronald Habursky Chief Investment Officer & Senior Vice President - 2020
Charles Scott Hartz Independent Director 74 2003
Jonathan Hirt Hagen Vice Chairman 57 2013
Thomas W. Palmer Independent Director 72 2006
Elizabeth Hirt Vorsheck Independent Director 64 2007
Thomas Hagen Non-Executive Chairman 84 -
LuAnn Datesh Independent Director 65 2016
Members of the board
Name Title Age Since
Thomas Hagen Non-Executive Chairman 84 -
Charles Scott Hartz Independent Director 74 2003
J. Ralph Borneman Director 81 1992
Jonathan Hirt Hagen Vice Chairman 57 2013
Thomas W. Palmer Independent Director 72 2006
Elizabeth Hirt Vorsheck Independent Director 64 2007
LuAnn Datesh Independent Director 65 2016
George R. Lucore Independent Director 69 2016
Eugene C. Connell Independent Director 65 2017
Brian A. Hudson Independent Director 65 2017
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 68,299,200 25,152,563 36.8% 22,110,132 32.4% 41.5%
Stock B 1 2,542 2,372 93.3% 0 0.0%
Shareholders
NameEquities%
Thomas Hagen 10,103,389 21.9%
Estate of Susan Hirt Hagen 6,658,800 14.4%
PNC Bank, NA (Investment Management) 4,920,911 10.7%
Elizabeth Hirt Vorsheck 3,960,946 8.58%
The Vanguard Group, Inc. 2,533,394 5.48%
Abrams Capital Management LP 1,324,192 2.87%
Franklin Advisers, Inc. 1,104,525 2.39%
SSgA Funds Management, Inc. 716,132 1.55%
BlackRock Fund Advisors 677,579 1.47%
Alson Capital Partners LLC 515,393 1.12%
Company contact information
Erie Indemnity Co.
100 Erie Insurance Place
Erie, PA 16530-1104

Phone : +1.814.870.2000
Fax : +1.814.451.5060
Web : http://www.erieinsurance.com
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