Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with operating losses during 2019, 2022, 2023 and the first nine months of 2024. Average return on equity over the last five years has been poor at -6.6%. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.0) despite negative cash flow from operations for 2023. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (43.7%), work comp (33.3%), homeowners (19.9%), comm multi (2.3%), other (0.9%)
Licensed in:
DC, DE, GA, IL, IN, KY, MD, MN, MO, NC, NY, PA, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (96.7%), other (3.3%)
Corporate Info
Group Affiliation
Erie Indemnity Co
Investment Rating
Company Address
100 Erie Insurance Place
Erie, PA 16530
Erie, PA 16530
Phone Number
(814) 870-2000
NAIC Number
16233
Website
Largest Affiliates