Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including excessive premium growth. Good quality investment portfolio (5.9) despite mixed results such as: no exposure to mortgages and large holdings of BBB rated bonds but small junk bond holdings. Good Liquidity (5.6) with sufficient resources to handle a spike in claims as well as a significant increase in policy surrenders.
Other Rating Factors:
Weak profitability (1.9) with operating losses during 2022. Strong capitalization (8.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
Principal Lines of Business:
Ind annuities (24.5%), ind health (4.5%), group life (0.2%), other (70.8%)
Licensed in:
DC, IL, IN, KY, MD, MN, NC, OH, PA, TN, VA, WV, WI
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Erie Ins Group
Investment Rating
Company Address
100 Erie Insurance Place
Erie, PA 16530
Erie, PA 16530
Phone Number
(814) 870-2000
NAIC Number
70769
Website
Largest Affiliates