ERIE, Pa., June 5, 2014 /PRNewswire/ -- FORTUNE
magazine has ranked Erie Insurance number 416 on the 2014 FORTUNE
500 list of largest American companies based on total revenue. In
2013, ERIE ranked 455.
"Our customers know that if they need us, we'll be there for
them with reliable financial protection and compassionate, prompt
customer service," said Terry
Cavanaugh, president and chief executive officer of Erie
Insurance. "Our continued presence on the FORTUNE 500 reflects
not just the efforts of a single year but the achievements we've
built over decades of service."
Erie Insurance made its initial debut on the FORTUNE 500 in
2003.
According to A.M. Best Company, Erie Insurance Group, based in
Erie, Pennsylvania, is the 14th
largest homeowners insurer and 12th largest automobile insurer in
the United States based on direct
premiums written and the 18th largest property/casualty insurer in
the United States based on total
lines net premium written. The Group, rated A+ (Superior) by A.M.
Best Company, has nearly 4.8 million policies in force and operates
in 11 states and the District of
Columbia. Erie Insurance Group is a FORTUNE 500 and Barron's
500 company. ERIE is proud to be
recognized by Forbes as one of America's 50 Most Trustworthy
Financial Companies and is also on the list of Ward's 50 Group
of top performing insurance companies, which analyzes the financial
performance of 3,000 property and casualty companies and recognizes
the top performers for achieving outstanding results in safety,
consistency and financial performance over a five-year period
(2008-2012).
News releases and more information about Erie Insurance Group
are available at www.erieinsurance.com.
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SOURCE Erie Insurance