Rank #976
Thomas Hagen & family
Net worth $4.4B
Insurance · United States
- Born
- Jan 01, 1936
- Age
- 90
- Source
- Insurance
- Residence
- Erie, Pennsylvania
- Citizenship
- United States
- Marital status
- Widowed
- Children
- 2
- Education
- Bachelor of Arts/Science, Ohio State University
Net worth over time
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.
- Hagen is a retired U.S. Navy Reserve Captain.
- Hagen served as Pennsylvania's Secretary of Commerce from 1995 to 1997.
Financial assets
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