OverviewSuggest Edit
Erie Insurance (also known as Erie Indemnity) is a multi-line insurance company, offering auto, home, commercial and life insurance through a network of independent insurance agents. The company offers a range of services to meet family insurance needs, including a variety of auto, home, and renters insurance policies, and motorcycle, RV and boat insurance. Erie Insurance also provides a variety of business insurance products to meet the needs of both small and large businesses.
| Type | Public | |
| Founded | 1925 | |
| HQ | Erie, PA, US | Map |
| Website | erieinsurance.com | |
| Employee Ratings | More | |
| Overall Culture | A+ | More |
Recent NewsAll News
- As Summer Road Trip Season Kicks Off, National Survey from Erie Insurance Reveals Drivers' Top 5 Concerns About Other Drivers
- Erie Insurance national survey shows Americans are eager to take road trips in 2021
- National survey by Erie Insurance ranks 11 car technology features drivers disable most and why
- Erie Insurance names Karen Rugare as Vice President, Customer Service Operations and Strategy
Key People/Management at Erie Insurance
Timothy NeCastro
Gregory J. Gutting
Bob Ingram
Lorianne Feltz
Douglas E. Smith
Eugene C. Connell
Erie Insurance Office Locations
Erie Insurance Financials and Metrics
Erie Insurance Revenue
| USD | |
|---|---|
Revenue (FY, 2020) | 2.5b |
Net income (FY, 2020) | 293.3m |
EBIT (FY, 2020) | 338.2m |
Market capitalization (16-Jul-2021) | 9.7b |
Closing stock price (16-Jul-2021) | 186.0 |
Cash (31-Dec-2020) | 161.2m |
EV | 9.7b |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 572.2m | 621.5m | 612.1m | 594.1m | 647.7m | 638.7m | 616.7m | 657.0m | 653.5m |
Operating expense total | 494.6m | 526.1m | 515.4m | 508.0m | 551.1m | 532.8m | 531.0m | 565.8m | 557.3m |
EBIT | 77.6m | 95.3m | 96.7m | 86.1m | 96.6m | 105.9m | 85.7m | 91.2m | 96.2m |
EBIT margin, % | 14% | 15% | 16% | 14% | 15% | 17% | 14% | 14% | 15% |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 119.6m | 198.4m | 244.7m | 312.0m | 338.3m | 344.9m | 228.6m | 257.7m | 216.4m |
Accounts Receivable | 415.3m | 445.2m | 463.6m | 456.1m | 483.3m | 498.0m | 482.2m | 506.7m | 501.2m |
Prepaid Expenses | 43.1m | 45.4m | 44.0m | 50.0m | 42.3m | 47.7m | 58.7m | 60.7m | 52.0m |
Current Assets | 720.7m | 828.1m | 888.9m | 962.4m | 937.2m | 934.9m | 810.1m | 859.2m | 792.9m |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash From Operating Activities | (40.2m) | 41.6m | 174.3m | 24.2m | 114.4m | 237.9m | 20.1m | 127.3m | 234.5m |
Purchases of PP&E | (8.7m) | (18.1m) | (48.7m) | (17.4m) | (34.3m) | (68.4m) | (21.1m) | (37.4m) | (52.3m) |
Cash From Investing Activities | (16.7m) | (5.7m) | (53.0m) | 63.8m | 42.2m | (32.2m) | (82.7m) | (115.4m) | (218.6m) |
Long-term Borrowings | (9.0k) | 25.0m | 25.0m | (460.0k) | (962.0k) | (1.4m) | (481.0k) | (979.0k) | (1.5m) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 331.7k |
Debt/Equity | 0.1 x |
Financial Leverage | 1.9 x |
Erie Insurance Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Erie Family Life Insurance Company | ||
| Erie Insurance Company | ||
| Erie Insurance Company of New York | ||
| Erie Insurance Property & Casualty Company | ||
| Flagship City Insurance Company |
Erie Insurance Revenue Breakdown
Erie Insurance revenue breakdown by business segment: 73.1% from Management Fee - Policy Issuance and Renewal Services, 23.5% from Administrative Services Reimbursement and 3.4% from Other
Erie Insurance Cybersecurity Score
Erie Insurance Environment, Social & Governance (ESG) Ratings
Erie Insurance Online and Social Media Presence
9.55k Twitter followers
Erie Insurance has 9.55k Twitter Followers. The number of followers has increased 0.2% month over month
Erie Insurance's Trends
Twitter Engagement Stats for @erie_insurance
5.3k
Tweets
994
Following
9.5k
Followers
19
Tweets last 30 days
9.3
Avg. likes per Tweet
63.2%
Tweets with engagement
Erie Insurance Company Culture
Overall Culture
A+
86/100
CEO Rating
A+
89/100
Compensation
A+
85/100
Erie Insurance News and Updates
As Summer Road Trip Season Kicks Off, National Survey from Erie Insurance Reveals Drivers' Top 5 Concerns About Other Drivers
Erie Insurance national survey shows Americans are eager to take road trips in 2021
National survey by Erie Insurance ranks 11 car technology features drivers disable most and why
Erie Insurance names Karen Rugare as Vice President, Customer Service Operations and Strategy
With October being the biggest month for weddings, national survey by Erie Insurance reveals items couples didn't register for but wish they had
Erie Insurance and ADEPT Driver Announce Partnership to Reduce Teen Crashes Through Neurocognitive Training
Erie Insurance Frequently Asked Questions
When was Erie Insurance founded?
Erie Insurance was founded in 1925.
Who are Erie Insurance key executives?
Erie Insurance's key executives are Timothy NeCastro, Gregory J. Gutting and Bob Ingram.
How many employees does Erie Insurance have?
Erie Insurance has 5,700 employees.
What is Erie Insurance revenue?
Latest Erie Insurance annual revenue is $2.5 b.
What is Erie Insurance revenue per employee?
Latest Erie Insurance revenue per employee is $445 k.
Who are Erie Insurance competitors?
Competitors of Erie Insurance include Allstate, Massachusetts Mutual Life Insurance Company (MassMutual) and MetLife.
Where is Erie Insurance headquarters?
Erie Insurance headquarters is located at 100 Erie Insurance Pl, Erie.
Where are Erie Insurance offices?
Erie Insurance has offices in Erie, Bethlehem, Brentwood, Brookfield and in 25 other locations.
How many offices does Erie Insurance have?
Erie Insurance has 36 offices.
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