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May 10, 2012 /PRNewswire/ --
FORTUNE magazine has ranked
Erie Insurance number 497 on the 2012 FORTUNE 500 list of largest American companies based on total revenue.
"For 87 years, our reputation has been built on providing outstanding financial protection and superior service," said
Terry Cavanaugh, president and chief executive officer of Erie Insurance. "Our continued presence on the FORTUNE 500 is a reflection of the dedication of our agents and employees and a testament to the confidence and trust our customers place in us every day."
Erie Insurance made its initial debut on the FORTUNE 500 in 2003.
According to A.M. Best Company, Erie Insurance Group (NASDAQ:
ERIE), based in
Erie, Pennsylvania, is the 12th largest automobile and 14th largest homeowners insurer in
the United States based on direct premiums written and the 20th 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 over 4.3 million policies in force and operates in 11 states and the
District of Columbia. Erie Insurance Group is a FORTUNE 500 company. Erie Insurance is proud to be named a J.D. Power and Associates'
2012 Customer Service Champion and is one of only 50 U.S. companies so named. Erie Insurance has also been recognized on the list of Ward's 50 Group of top performing insurance companies. The Ward's 50 award analyzes the financial performance of 3,000 property and casualty companies and nearly 800 life and health insurance companies and recognizes the top performers for achieving outstanding financial results in safety and consistency over a five-year period (2006-2010).
News releases and more information about Erie Insurance Group are available at
SOURCE Erie Insurance