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