ERIE, Pennsylvania, May 23, 2022– Erie Insurance(ERIE) is ranked number 368 on the 2022 Fortune 500 list of America’s largest companies, based on total revenue for fiscal year 2021.
The 2022 ranking marks ERIE’s 19th year on the Fortune 500 list. ERIE debuted at #454 in 2003.
“We are proud to be recognized once again on Fortune’s list of America’s Greatest Companies,” said Tim NeCastro, president and CEO of Erie Insurance. “Our primary focus at ERIE has always been to do the right thing for our agents, customers, employees and communities. This unwavering commitment to service is what has led to our remarkable growth over the past 97 years. .”
ERIE also achieved another major business growth milestone in 2021, reaching six million personal and commercial policies in force during the second quarter.
“Our consistent approach to pricing and our commitment to long-term profitability have helped us reach this milestone and position us for continued growth as we look ahead 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 revenue for the respective fiscal years. The survey includes companies that are incorporated in the United States, operate in the United States, and file financial statements with a government agency.
According to Fortune’s ranking press release, this year’s Fortune 500 ranking marks the 68th edition of the list. The 2022 Fortune 500 revenue threshold was $6.4 billion, up 19% from a year ago. In total, Fortune 500 companies account for two-thirds of U.S. GDP with $16.1 trillion in revenue (up 17%), $1.84 trillion in profits (up 114%), $37 trillion in market value (up 13%) and employ 29.7 million people worldwide.
Erie Indemnity Company published this content on May 23, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on May 25, 2022 4:10:41 PM UTC.