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Erie Insurance listed at no. 368 on 2022 Fortune 500 list

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ERIE, Pa., May 23, 2022Erie Insurance (ERIE) is ranked number 368 on the 2022 Fortune 500 list of largest American corporations, based on total revenue for the 2021 fiscal year.

The 2022 ranking marks the 19th year ERIE has been included on the Fortune 500 list. ERIE first debuted at #454 in 2003.

“We’re proud to once again be recognized on Fortune’s list of America’s largest companies,” said Tim NeCastro, president and chief executive officer of Erie Insurance. “Our primary focus at ERIE has always been doing the right thing for our agents, customers, employees and communities. This unwavering commitment to service is what’s led to our remarkable growth over the past 97 years.”

ERIE also achieved another significant company growth milestone in 2021, reaching six million personal and commercial policies in force during the second quarter.

“Our steady-as-you-go approach to pricing and commitment to long-term profitability has served us well in reaching this milestone and positions us for continued growth as we look to seven million policies in force and a century of service,” NeCastro added.

Companies are ranked on the annual Fortune 500 lists based on total revenues for the respective fiscal years. Included in the survey are companies that are incorporated in the U.S., operate in the U.S., and file financial statements with a government agency.

According to Fortune’s rankings news release, this year’s Fortune 500 marks the 68th running of the list. The revenue threshold for the 2022 Fortune 500 list was $6.4 billion, up 19% from last year. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $16.1 trillion in revenues (up 17%), $1.84 trillion in profits (up 114%), $37 trillion in market value (up 13%) and employ 29.7 million people worldwide.