ERIE, Pa. (May 7, 2012) - FORTUNE magazine has ranked Erie Insurance number 455 on the 2013 FORTUNE 500 list of largest American companies based on total revenue.
"For 88 years, we've built a reputation for 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 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, based in Erie, Pennsylvania, is the 15th largest homeowners insurer and 12th largest automobile 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 more than 4.6 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 Insurance is proud to have received the J.D. Power and Associates' award for "Highest in Customer Satisfaction with the Auto Insurance Purchase Experience" and to be a J.D. Power and Associates' 2012 Customer Service Champion. ERIE is one of only 50 U.S. companies so named. Erie Insurance is also recognized 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 (2007-2011).
News releases and more information about Erie Insurance Group are available at www.erieinsurance.com.
Leah Knapp, Erie Insurance