#849

Thomas Hagen & family

United States 90 years old

Overview

Source of Wealth
Insurance
Residence
Erie, Pennsylvania
Education
Ohio State University (Bachelor of Arts/Science)
Marital Status
Widowed
Children
2

Assets

  • Erie Indemnity
    17,230,000 shares @ -
    -
    ERIE-US

Biography

Thomas Hagen is chairman of Erie Indemnity and has been a part of the company for more than 50 years, including three years as CEO from 1990 to 1993.

The publicly-traded insurance company was cofounded by his late wife Susan's father, H. O. Hirt, and his friend, O. G. Crawford.

Susan Hagen, who was Erie's longest serving director, died in 2015 at age 79.

Now one of the nation's largest property and casualty insurance companies, the firm began with a business plan scribbled in a 10-cent notebook in 1925.

In 2017, Hagen gifted $1.5 million to Mercyhurst University's history department, which subsequently took his name.

About

Hagen is a retired U.S. Navy Reserve Captain.

Hagen served as Pennsylvania's Secretary of Commerce from 1995 to 1997.