ERIE Insurance CEO Tim NeCastro to retire at end of 2026

Erie Insurance (NASDAQ: ERIE) announced that Tim NeCastro will retire as president and chief executive officer on Dec. 31, 2026, concluding a 30-year career with the company.

NeCastro, who became CEO in 2016, led the company during a period when Erie Insurance grew to nearly $13 billion in premium and more than 7 million policies in force. He joined the company in 1996 and held senior leadership roles in internal audit, finance, product and policy services, and regional field operations.

"Tim has led the organization with extraordinary kindness and humility," said Tom Hagen, chairman of the board. "He has been a consistent model for The ERIE's values — always putting people and service first."

In 2014, NeCastro led the company's expansion into Kentucky, marking Erie Insurance's entry into its 12th state. As CEO, he guided the organization through several milestones, including the company's 100th anniversary in 2025.

Following his retirement as CEO, NeCastro will continue to serve as president of the Erie Insurance Foundation, a private charitable foundation established to support charitable giving and community impact.

The board of directors will immediately begin the process to identify a successor. NeCastro will remain in his role through the end of the year to ensure continuity during the search and transition.

Based in Erie, Pennsylvania, Erie Insurance is the 16th largest property/casualty insurer in the United States based on net premiums written, according to the press release. The company operates in 12 states and the District of Columbia with more than 7 million policies in force.

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