Erie Insurance has become more than just a top insurance provider in the United States. Founded in 1925, the company now stands as Erie, Pennsylvania’s largest employer and its only Fortune 500 organization. Over the past century, Erie Insurance has played a crucial role in supporting both its customers and the vibrant community where it all began.
From its inception, Erie Insurance has made service a core value—not only for policyholders but also for agents, employees, and the neighborhoods they call home. According to Erie Insurance CEO Tim NeCastro, the company’s growth goes hand in hand with active engagement in Erie’s revitalization. NeCastro, who grew up in Erie, believes in the company’s responsibility to uplift the city. In fact, Erie Insurance has added 500 new jobs in Erie since 2015, even as overall city employment declined by over 5% in that same period.
The company’s investments are visible in Erie’s skyline. Notable projects include the construction of the $147 million Thomas B. Hagen Building as well as significant renovations to existing structures. Altogether, Erie Insurance has dedicated $400 million to its downtown campus expansion since 2015, showing long-term commitment to the city’s success.
The impact of Erie Insurance goes far beyond employment numbers. The company has been a founding funder of the Erie Downtown Development Corporation (EDDC), helping create over 25 new businesses, more than a hundred residential spaces, and hundreds of jobs in downtown Erie. Through these public-private partnerships, Erie Insurance aims to make Erie a place where people want to live, work, and visit. The company champions coalitions across sectors—education, healthcare, manufacturing, and more—to sustain growth and development.
Learn more about Erie Insurance’s vision and civic responsibility in the full GoErie opinion article.
The significance of Erie Insurance extends to the national stage. Recently, the company celebrated its centennial by ringing the opening bell at NASDAQ, placing Erie Insurance firmly in the global spotlight. As a company with more than 6,000 employees and over 6 million active policies, this milestone celebration highlights decades of steady growth and industry leadership. Erie Insurance is traded on NASDAQ under the symbol "ERIE."
You can find further details about this historic moment on Erie News Now.
With the creation of the Erie Insurance Foundation—backed by a $100 million endowment for local philanthropy—the company’s dedication to community and innovation shows no sign of slowing. Erie Insurance remains steadfast in its mission to deliver exceptional service, foster economic development, and elevate the quality of life in Erie and beyond.
For a century, Erie Insurance has proven itself as a pillar of both the insurance industry and the Erie region. Through enduring commitment to service, community investment, and prudent leadership, Erie Insurance continues to make a difference today while setting its sights on a promising future.