Major Rating Factors:
Good liquidity (6.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (3.6) with operating losses during 2022, 2023 and the first nine months of 2024. Return on equity has been low, averaging 0.1% over the past five years. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (50.4%), homeowners (26.0%), comm multi (13.7%), work comp (5.0%), fire (0.1%), other (4.9%)
Licensed in:
CT, DC, DE, GA, IL, IN, KY, MD, ME, MN, MO, NC, OH, PA, RI, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (47.8%), common stock (22.9%), non investment grade bonds (6.7%), preferred stock (0.2%), real estate (0.1%), other (22.3%)
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
26271
Website
Largest Affiliates