Major Rating Factors:
Weak profitability index (2.2 on a scale of 0 to 10) with operating losses during 2022, 2023 and 2024. Fair liquidity (5.0) as cash resources may not be adequate to cover a spike in claims. Good overall results on stability tests (6.9) despite. Other stability subfactors include potentially strong support from affiliation with Erie Indemnity Co, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (48.3%), comm multi (25.9%), personal/comm auto (23.8%), work comp (0.7%), other (1.3%)
Licensed in:
DC, DE, GA, IL, IN, KY, MD, MN, MO, NC, NY, OH, PA, SC, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (91.9%), non investment grade bonds (3.3%), common stock (2.7%), other (2.0%)
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
26263
Website
Largest Affiliates