Erie Insurance Group · Erie, PA United States
Company Description
Phone: 814-870-2000
Fax: 814-870-3126
Toll Free: 800-458-0811
Rankings
- #488 in FORTUNE 500
View Erie Insurance Group Locations On A US Map
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This link will open in a new window Formed in 1925 as a Pennsylvania auto insurer, Erie Insurance Group has rolled down lots of other roads since then, offering personal auto, property, and life insurance through its subsidiaries Erie Family Life Insurance and publicly-traded Erie Indemnity . The group also offers commercial coverage (including auto, liability, and workers' compensation) for smaller businesses. Doing business in a dozen eastern states, Erie Insurance Group sells its products through thousands of independent agencies. The company has slowly but steadily expanded its territory, choosing to concentrate on growth in areas it already serves. To read the full description, subscribe now.
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Key Erie Insurance Group Financials
| Company Type | Holding Company Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $3,566.5 |
| Employees | 3,500 |
Erie Insurance Group Executives
5 executives listed for Erie Insurance Group's Erie, PA location.
| Title | Name & Bio | Contact |
| President and CEO | Terrence Cavanaugh | Network |
| EVP and CFO | Marcia Dall | Network |
| EVP Insurance Operations | Michael Zavasky | Network |
Competition
Competitive Landscape for Erie Insurance Group
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Erie Insurance Group Competitors
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