Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years. Good overall results on stability tests (5.0) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
DC, DE, GA, IL, IN, KY, MD, MN, MO, NC, NY, OH, PA, TN, VA, VT, WI, WV
Principal Investments:
Investment grade bonds (95.4%), other (4.6%)
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
35585
Website
Largest Affiliates