ERIE – FORTUNE has ranked Erie Insurance No. 376 on the 2020 FORTUNE 500 list of largest American corporations, based on total revenue from the 2019 fiscal year.
ERIE moved up five spots in the 2020 scorecard. This is the 17th year that ERIE has made the FORTUNE 500, debuting in 2003.
“For 95 years, ERIE’s promise to customers has remained the same: to be there when they need us most,” said Tim NeCastro, president and chief executive officer of Erie Insurance. “Continuing to rank among the FORTUNE 500 list companies speaks to our company’s strong financial position and commitment to service.”
This year marks the 66th edition of FORTUNE’s ranking of America’s largest companies. According to a FORTUNE news release, FORTUNE 500 companies in total represent two-thirds of the U.S. GDP with $14.2 trillion in revenues (up 4 percent), $1.2 trillion in profits (up 8%), $20.4 trillion in market value (down 10 percent) and employ more than 29 million people worldwide.
According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 11th largest homeowners insurer and 12thlargest automobile insurer in the United States based on direct premiums written and the 16th largest property/casualty insurer in the United States based on total lines net premium written.
For more information, visit www.erieinsurance.com.