Esurance Inc. · San Francisco, CA United States
Company Description
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This link will open in a new window Esurance sells car insurance to the Internet-savvy customer. The company, with its pink-haired spokesperson Erin Esurance, offers quote comparisons and sells personal auto policies directly from its Web site and through select online agents. It also provides online access to accounts and makes telephone agents available for offline questions. Esurance sells auto insurance to customers in 30 states, with California and Florida its leading markets. Subsidiaries Esurance Insurance Company and Esurance Property and Casualty Insurance underwrite the company's auto policies. Esurance has been a subsidiary of White Mountains Insurance Group since 2000. To read the full description, subscribe now.
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Key Esurance Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 140 |
Esurance Inc. Executives
11 executives listed for Esurance Inc.'s San Francisco, CA location.
| Title | Name & Bio | Contact |
| President and CEO | Gary Tolman | Network |
| COO | Chris Henn | Network |
| CFO | Jonathan Adkisson | Network |
Competition
Competitive Landscape for Esurance Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Esurance Inc. Competitors
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