Erie Indemnity Management
Management criteria checks 3/4
Erie Indemnity's CEO is Tim NeCastro, appointed in Aug 2016, has a tenure of 8.33 years. total yearly compensation is $7.82M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 0.029% of the company’s shares, worth $6.39M. The average tenure of the management team and the board of directors is 8.2 years and 17.7 years respectively.
Key information
Tim NeCastro
Chief executive officer
US$7.8m
Total compensation
| CEO salary percentage | 14.1% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 8.2yrs |
| Board average tenure | 17.7yrs |
Recent management updates
Recent updates
Erie Indemnity (NASDAQ:ERIE) Will Pay A Larger Dividend Than Last Year At $1.37
Dec 17
Some Confidence Is Lacking In Erie Indemnity Company (NASDAQ:ERIE) As Shares Slide 26%
Nov 05What To Expect From Erie Indemnity Ahead Of Q3 2024 Earnings
Oct 27There's Reason For Concern Over Erie Indemnity Company's (NASDAQ:ERIE) Massive 26% Price Jump
Aug 18Is Now The Time To Put Erie Indemnity (NASDAQ:ERIE) On Your Watchlist?
Jul 14Investor Optimism Abounds Erie Indemnity Company (NASDAQ:ERIE) But Growth Is Lacking
Jun 26Here's Why Erie Indemnity Company's (NASDAQ:ERIE) CEO May Deserve A Raise
Apr 17Do Erie Indemnity's (NASDAQ:ERIE) Earnings Warrant Your Attention?
Mar 21Why Investors Shouldn't Be Surprised By Erie Indemnity Company's (NASDAQ:ERIE) P/E
Feb 21Erie Indemnity goes ex dividend tomorrow
Oct 03Erie Insurance launches venture capital fund to accelerate innovation
Aug 25Erie Indemnity GAAP EPS of $1.53 misses by $0.09, revenue of $726.14M beats by $18.66M
Jul 28Erie Indemnity Flourishing From Here To Eternity, But The Stock Price Is Not Yet Worthy
Jul 16Erie Indemnity goes ex-dividend on Tuesday
Jul 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$559m |
| Jun 30 2024 | n/a | n/a | US$530m |
| Mar 31 2024 | n/a | n/a | US$484m |
| Dec 31 2023 | US$8m | US$1m | US$446m |
| Sep 30 2023 | n/a | n/a | US$401m |
| Jun 30 2023 | n/a | n/a | US$354m |
| Mar 31 2023 | n/a | n/a | US$316m |
| Dec 31 2022 | US$5m | US$1m | US$299m |
| Sep 30 2022 | n/a | n/a | US$288m |
| Jun 30 2022 | n/a | n/a | US$294m |
| Mar 31 2022 | n/a | n/a | US$293m |
| Dec 31 2021 | US$5m | US$966k | US$298m |
| Sep 30 2021 | n/a | n/a | US$306m |
| Jun 30 2021 | n/a | n/a | US$305m |
| Mar 31 2021 | n/a | n/a | US$308m |
| Dec 31 2020 | US$5m | US$940k | US$293m |
| Sep 30 2020 | n/a | n/a | US$290m |
| Jun 30 2020 | n/a | n/a | US$295m |
| Mar 31 2020 | n/a | n/a | US$301m |
| Dec 31 2019 | US$4m | US$885k | US$317m |
| Sep 30 2019 | n/a | n/a | US$320m |
| Jun 30 2019 | n/a | n/a | US$306m |
| Mar 31 2019 | n/a | n/a | US$298m |
| Dec 31 2018 | US$3m | US$807k | US$288m |
| Sep 30 2018 | n/a | n/a | US$258m |
| Jun 30 2018 | n/a | n/a | US$236m |
| Mar 31 2018 | n/a | n/a | US$215m |
| Dec 31 2017 | US$4m | US$738k | US$197m |
Compensation vs Market: Tim's total compensation ($USD7.82M) is below average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
CEO
Tim NeCastro (64 yo)
8.3yrs
Tenure
US$7,824,320
Compensation
Mr. Timothy Gerard NeCastro, also known as Tim, CPA, CIC, serves as President, CEO and Director of Flagship City Insurance Company, Erie Insurance Company, Erie Insurance Company of New York ("ENY") and Er...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 8.3yrs | US$7.82m | 0.029% $ 6.4m | |
| Executive VP & CFO | 1.6yrs | US$1.83m | 0.0012% $ 259.2k | |
| Executive VP & Chief Information Officer | 2.7yrs | US$1.97m | no data | |
| Executive Vice President of Sales & Products | 8.1yrs | US$2.07m | 0.0098% $ 2.1m | |
| Vice President of Construction Management & Operations | no data | no data | no data | |
| Senior VP & Chief Investment Officer | 4.4yrs | no data | no data | |
| Vice President of Capital Management & Investor Relations | 12.9yrs | no data | no data | |
| Executive VP | 8.9yrs | no data | 0.00085% $ 185.1k | |
| Senior Vice President of Sales & Marketing | no data | no data | no data | |
| Executive VP of Human Resources & Corporate Services | no data | no data | 0.00068% $ 148.1k | |
| Senior Vice President of Corporate Services | no data | no data | no data | |
| Senior Vice President of Underwriting | 12.9yrs | no data | 0.031% $ 6.7m |
8.2yrs
Average Tenure
55yo
Average Age
Experienced Management: ERIE's management team is seasoned and experienced (8.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 7.7yrs | US$197.50k | 0.038% $ 8.3m | |
| Independent Director | 8.7yrs | US$169.00k | 0.0033% $ 718.7k | |
| Independent Chairman of the Board | 17.7yrs | US$283.07k | 32.9% $ 7.2b | |
| Non-Independent Director | 32.7yrs | US$176.50k | 0.019% $ 4.2m | |
| Independent Director | 6.7yrs | US$182.50k | 0.00061% $ 132.8k | |
| Independent Director | 21.7yrs | US$160.00k | 0.0021% $ 457.3k | |
| Independent Vice Chairman of the Board | 19.7yrs | US$200.50k | 0.43% $ 94.2m | |
| Independent Director | 18.7yrs | US$204.50k | 0.0015% $ 320.1k | |
| Independent Director | 17.7yrs | US$190.00k | 7.57% $ 1.6b | |
| Independent Director | 7.7yrs | US$203.00k | 0.00056% $ 122.0k | |
| Independent Director | 8.7yrs | US$164.50k | 0.00078% $ 169.9k |
17.7yrs
Average Tenure
69yo
Average Age
Experienced Board: ERIE's board of directors are seasoned and experienced ( 17.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:57 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Erie Indemnity Company is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amit Kumar | Macquarie Research |
| Michael Phillips | Stifel, Equities Research |
| Adam Klauber | William Blair & Company L.L.C. |