Erie Insurance (ERIE) CEO Tim NeCastro plans 2026 retirement, succession search starts
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8-K
Rhea-AI Filing Summary
Erie Indemnity Company announced that President and Chief Executive Officer Timothy G. (Tim) NeCastro will retire on December 31, 2026, concluding a 30-year career with the company, including 10 years as CEO. The board of directors will begin an immediate search to identify a new president and CEO, while NeCastro continues to lead the organization through the transition.
The company highlights that under NeCastro’s leadership, Erie Insurance grew to nearly $13 billion in premium and more than 7 million policies in force, while maintaining strong financial performance and its service-focused culture. After retiring as CEO, NeCastro will remain involved as president of the Erie Insurance Foundation, supporting the company’s long-term charitable and community efforts. Erie Insurance is described as a Fortune 500 property/casualty insurer operating in 12 states and the District of Columbia, with an A (Excellent) rating from AM Best.
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Insights
Planned CEO retirement with long lead time and structured succession process.
Erie Indemnity Company is managing a major leadership transition as Tim NeCastro plans to retire as president and CEO on
The board will begin an immediate search for a new CEO while NeCastro remains in place through the end of
After stepping down, NeCastro will become president of the Erie Insurance Foundation, maintaining continuity in community and philanthropic initiatives. Future disclosures in company communications and filings may provide more detail on the chosen successor and any strategic shifts that follow the leadership change.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 20, 2026, Erie Indemnity Company (the “Company”) issued a press release announcing that Timothy G. NeCastro, the Company’s President and Chief Executive Officer, will retire on December 31, 2026 and the Board of Directors of the Company will initiate a search to identify a new President and Chief Executive Officer.
Mr. NeCastro has been the Chief Executive Officer of the Company since 2016 and an employee of the Company for 30 years. He has served in a variety of senior leadership positions, including in internal audit, finance, product and policy services, and regional field operations.
Item 8.01 Other Events.
On February 20, 2026 the Company issued a press release announcing Mr. NeCastro’s planned retirement, a copy of which is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1 Press Release dated February 20, 2026
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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Exhibit Index
| Exhibit No. | Description | |||||||
| 99.1 | Press Release dated February 20, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Erie Indemnity Company | ||||||||||||||
| February 20, 2026 | By: | /s/ Brian W. Bolash | ||||||||||||
| Name: Brian W. Bolash | ||||||||||||||
| Title: EVP, Secretary & General Counsel | ||||||||||||||
Exhibit 99.1
CONTACT: Matthew Cummings
814.870.2150 | matthew.cummings@erieinsurance.com
FOR IMMEDIATE RELEASE
Tim NeCastro to retire as president and CEO of Erie Insurance
CEO search to begin immediately as NeCastro plans retirement at end of 2026
ERIE, Pa., Feb. 20, 2026 — Erie Insurance (Nasdaq: ERIE) today announced that Tim NeCastro will retire as president and chief executive officer on Dec. 31, 2026, concluding a 30-year career with the company, including 10 years as CEO.
NeCastro, who was named CEO in 2016, led the company through a period of significant growth. During his tenure, Erie Insurance grew to nearly $13 billion in premium and more than 7 million policies in force while maintaining strong financial performance and its long-standing commitment to service.
“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. This is more than just a leadership transition — it marks the closing of a defining chapter in our company’s story.”
NeCastro joined Erie Insurance in 1996 and held senior leadership roles in internal audit, finance, product and policy services, and regional field operations. In 2014, he led the company’s expansion into Kentucky, marking Erie Insurance’s entry into its 12th state.
As CEO, NeCastro guided the organization through several significant milestones, including celebrating the company’s 100th anniversary in 2025. His leadership emphasized care for employees, agents and customers while reinforcing ERIE’s values and promise of service.
An Erie native, NeCastro has also been active in community and economic development efforts in the company’s hometown. He is the founding board president of the Erie Downtown Development Corp., which has supported investment and revitalization in downtown Erie. He has also served in leadership and advisory roles with civic, philanthropic and industry organizations at the local, state and national
levels.
“Erie Insurance has shaped not only my career, but my life,” NeCastro said. “I’ve been fortunate to work alongside people who care deeply about one another, about our customers and about the communities we serve. While this chapter is coming to a close, my commitment to ERIE and to this
community isn’t ending. I’m grateful for the opportunity to continue serving in a new way and to stay connected to the place and people that mean so much to me.”
Following his retirement as CEO, NeCastro will continue to serve the company and community as president of the Erie Insurance Foundation, a private charitable foundation established to support long-term charitable giving and community impact aligned with ERIE’s values.
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, ensuring continuity throughout the search and transition.
“The timeline surrounding Tim’s decision provides the board with the opportunity to ensure a thoughtful and seamless leadership transition,” Hagen said. “Just as importantly, it enables us to remain fully focused on protecting and serving our customers and supporting our agents and employees.”
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About Erie Insurance
Erie Insurance Group, based in Erie, Pennsylvania, is the 11th largest homeowners insurer, 12th largest automobile insurer and 10th largest commercial lines insurer in the United States based on direct premiums written, according to AM Best Company. Founded in 1925, Erie Insurance is a Fortune 500 company and the 16th largest property/casualty insurer in the United States based on net premiums written. Rated A (Excellent) by AM Best, ERIE has more than 7 million policies in force and operates in 12 states and the District of Columbia. News releases and more information are available on ERIE’s website at www.erieinsurance.com
FAQ
When will Erie Indemnity Company (ERIE) CEO Tim NeCastro retire?
Tim NeCastro plans to retire as Erie Indemnity Company’s president and CEO on December 31, 2026. He will continue to lead during a board-led search process, helping ensure management continuity and an orderly transition to the next chief executive.
How long has Tim NeCastro led Erie Indemnity Company (ERIE) as CEO?
Tim NeCastro has served as Erie Indemnity Company’s chief executive officer since 2016, giving him a decade in the role by his planned 2026 retirement. He has been with the company for 30 years in various senior leadership positions across multiple functions.
What growth did Erie Insurance achieve under Tim NeCastro’s leadership?
Under Tim NeCastro’s leadership, Erie Insurance grew to nearly $13 billion in premium and more than 7 million policies in force. The company emphasizes that this expansion occurred while maintaining strong financial performance and its long-standing commitment to customer service and values.
What role will Tim NeCastro have after retiring as Erie (ERIE) CEO?
After retiring as CEO on December 31, 2026, Tim NeCastro will serve as president of the Erie Insurance Foundation. This private charitable foundation focuses on long-term charitable giving and community impact aligned with Erie Insurance’s values and commitment to its hometown region.
How will Erie Indemnity’s board handle the CEO succession process?
Erie Indemnity’s board of directors will immediately begin a process to identify a new president and CEO. Tim NeCastro will remain in his current role through the end of 2026, supporting a thoughtful and seamless leadership transition while the board evaluates and selects his successor.
How is Erie Insurance positioned in the U.S. insurance market?
Erie Insurance Group is described as the 11th largest homeowners insurer, 12th largest automobile insurer and 10th largest commercial lines insurer in the United States by direct premiums written. It operates in 12 states plus Washington, D.C., and is rated A (Excellent) by AM Best.
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Erie Indty Co