Erie Insurance’s Financial Strength and Rankings

Erie Insurance was founded in 1925 in Erie, Pa., on the strength of a simple principle: providing our Policyholders with as near perfect protection, as near perfect service as is humanly possible, and doing so at the lowest possible cost. With excellent financial ratings and financial strength, ERIE remains a leading insurance company.

Financial Strength

Why is an insurance company’s financial strength important? It represents a company’s ability to pay claims, even in the midst of costly disasters. An auto insurance company’s financial strength is likely to be one of your considerations for choosing an insurance company. Erie Insurance has always shown strength in its financial ratings:

• ERIE Insurance has been rated A+ Superior by A.M. Best.  Best's financial strength ratings are recognized worldwide as the benchmark for assessing an insurance company’s financial strength.

• Erie Insurance Group is ranked among the 500 largest U.S. companies, in terms of revenue, by Fortune magazine in 2013.

• Erie Insurance Group is the 20th largest property/casualty insurance company in the United States based on total lines net premiums written.
• It is the 12th largest auto insurance company in the country based on direct premiums written, and the 2nd largest auto insurance company in Pennsylvania.
  

Other Quick Facts:

• Erie Insurance has more than 4.3 million policies in force for auto, home and commercial insurance, and 320,282 life, annuity and disability income policies in force.
• More than 2,125 independent agencies represent ERIE in 11 states and the District of Columbia.
• More than 2,475 people are employed at the company’s Home Office in Erie, Pa.; and another 2,000 are employed in the field offices across our territory.

For more information, refer to the company profile.

 

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