# Erie Insurance Group

Erie Insurance Group is an Insurance based in Erie, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Erie, United States
- **Region:** North America
- **Address:** 100 Erie Insurance Place, Erie, PA, United States
- **Founded:** 1925
- **Assets under management:** Undisclosed
- **Website:** erieinsurance.com
- **LinkedIn:** https://www.linkedin.com/company/erie-insurance-group
- **Wikidata:** Q5388314

## Regulatory record

- **Reports private funds:** No

## About

Erie Insurance Group is a US-based insurance organisation founded in 1925. It offers insurance products and services to clients.

## Sectors

- Insurance
- Real Estate
- Private Credit

## People

- Thomas B. Hagen — Chairman
- Timothy G. NeCastro — President and CEO

## Questions

### Who controls investment decisions at Erie Insurance Group?

Investment decisions are made by the firm's internal treasury and investment team under the oversight of senior leadership and the board of directors. As a publicly traded insurance holding company, Erie's investment policy statement must satisfy regulatory capital requirements set by state insurance commissions, which constrains portfolio construction toward high-quality fixed income. Thomas B. Hagen, as chairman and controlling shareholder, exerts significant influence over strategic direction without serving as day-to-day portfolio manager.

### How is Erie Insurance Group related to the Hirt family legacy?

Erie Insurance was co-founded by H.O. Hirt in 1925. Thomas B. Hagen joined the company in 1957 and later married Hirt's daughter, Susan Hirt Hagen. Hagen served as CEO from 1990 to 2016 and remains chairman, making the firm a rare example of a publicly traded insurer with multi-generational family control through a founder's son-in-law. The Hagens also direct substantial philanthropic capital through the Erie Insurance Foundation and the Susan Hirt Hagen Fund for Transformational Philanthropy.

### What does Erie Insurance invest in?

Erie's portfolio is heavily weighted toward fixed-income securities: U.S. Treasury and agency bonds, investment-grade corporates, municipal bonds, and mortgage-backed securities. The firm also holds commercial mortgage loans and a portfolio of corporate real estate concentrated in Erie, Pennsylvania. Public equity exposure is limited. The asset mix is dictated primarily by state insurance regulation and liability-matching requirements rather than absolute-return mandates.

### Who are Erie Insurance's significant institutional shareholders?

PNC Financial Services Group holds a significant institutional stake in Erie Indemnity Company, the publicly traded management company that oversees the Erie Insurance Exchange. PNC's relationship with Erie dates back decades and represents one of the more durable corporate partnerships in regional financial services. Thomas B. Hagen remains the largest individual shareholder.

### What is Erie Insurance's geographic footprint?

Erie Insurance operates in 12 states, primarily in the Mid-Atlantic, Midwest, and Southeast, plus the District of Columbia. Its core markets include Pennsylvania, Ohio, New York, Maryland, Virginia, and North Carolina. The company sells exclusively through independent insurance agents and has maintained this distribution model since its founding.

## Related profiles

- [Erie Indemnity Company](https://altss.com/profile/erie-indemnity-company)
- [ERIKS Industrial Services](https://altss.com/profile/eriks-industrial-services-limited)

---

Updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/erie-insurance-group

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology