Erie Insurance moves up on Fortune 500's list of America's largest corporations
(WJET/WFXP) — One local company is climbing the ladder on a nationwide list.
On Tuesday, June 3, Erie Insurance (ERIE) announced that it ranked 323 on the 2025 Fortune 500 list, moving up over 20 spots from the previous year.
North East Marina business owners raise concerns over marina closure
Companies are ranked on their total revenues for the fiscal year, with the threshold for making the list being $7.4 billion.
President and CEO of ERIE, Tim NeCastro, was thrilled to share this accomplishment.
Erie Co. owes over $500,000 after ECGRA audit comes back clean
'It's an honor to be ranked on the Fortune 500 and exciting to be climbing this list of successful and well-respected companies,' said NeCastro. 'When our founders opened the doors of Erie Insurance 100 years ago, I'm not sure they could have imagined that one day their company would be among the largest in the country. I am sure, however, that they would be proud of ERIE's lasting success and unwavering dedication to service.'
ERIE originally made its way onto the list in 2003.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
11 hours ago
- Entrepreneur
Why AI Startup Anysphere Is the Fastest-Growing Startup Ever
Anysphere is the startup behind Cursor, a popular AI coding assistant now used by more than half of Fortune 500 companies. The AI boom has led to fast-growing startups like OpenAI, which raised a record $40 billion at a $300 billion valuation in April, and Perplexity, which processed 780 million user queries last month. However, investors claim that no AI startup has grown as rapidly as Anysphere, the three-year-old company behind popular AI coding assistant Cursor. In January, Anysphere became the fastest-growing company to hit $100 million in annual revenue, reaching the milestone in 14 months. Cloud security company Wiz, which hit $100 million in revenue in 18 months, held the previous record. Anysphere is the fastest-growing startup of all time, according to its investors. In the past few months, the startup has kept growing at a rapid pace. Anysphere announced on Thursday that it had exceeded $500 million in annual revenue and raised $900 million. More than a million people use its technology every day, the company stated. The new funding round gives Anysphere a $9.9 billion valuation. The startup's previous valuation was $2.5 billion in January, per Bloomberg. Related: This AI Startup Spent $0 on Marketing. Its Revenue Just Hit $200 Million in March. So what's the secret behind Anysphere's growth? Anysphere CEO Michael Truell told Bloomberg this week that it boils down to "the value" that the company offers. Since its launch, Anysphere's Cursor AI tool has become popular for its ability to finish lines of code and generate new code based on prompts. Cursor also acts like a spell check for code, automatically correcting errors so that developers save time. It can explain technical concepts and make recommendations to improve code quality. "I think a lot of the excitement comes from the value that this tech is giving to developers," Truell told Bloomberg. Cursor is one tool developers are using to "vibe code," or to prompt AI into writing code instead of writing it out manually. Google CEO Sundar Pichai said earlier this week that he used Cursor to help "vibe code" a webpage. Related: 'The Coolest Piece of Technology the World Has Ever Seen': OpenAI Is Acquiring Former Apple Designer Jony Ive's Startup for $6.4 Billion Anysphere makes most of its revenue from Cursor subscriptions, which range from $20 a month for a pro account to $40 per user per month for a business account. Cursor also has a free tier, which includes a two-week trial of its pro plan and up to 200 code completions a month. Paying individuals made up most of Anysphere's revenue until recently, when the balance shifted to businesses. Late last year, the startup hired its first salespeople to market its technology to enterprises, and the effort has paid off. More than half of Fortune 500 companies are now using Cursor in some capacity, according to Bloomberg. Cursor isn't the only coding assistant available, competing with billion-dollar startup Replit and the $3 billion startup Windsurf, but it differentiates itself from competitors with its familiar appearance. Cursor resembles Microsoft's code editor, Visual Studio Code, which is used by approximately three out of four developers worldwide. Related: 'Building It Ourselves': Morgan Stanley Created an AI Tool to Fix the Most Annoying Part of Coding. Here's How It Works. With the $900 million it has raised, Anysphere wants to keep improving Cursor and bringing value to its customers. "We want to be the ones pushing the frontier," Truell told Bloomberg.
Yahoo
12 hours ago
- Yahoo
Fortune 500 measures return on leadership
In today's CEO Daily: Diane Brady on using the Fortune 500 to measure ROL. The big story: Trump brings back his travel ban. The markets: In a holding pattern awaiting more Trump trade news. Analyst notes from UBS, Goldman Sachs, and Macquarie. Plus: All the news and watercooler chat from Fortune. Good morning. Many people use the Fortune 500, our annual list of America's largest companies that was published this week, as a starting point for measuring other forms of excellence. For me, one of the most interesting distillations comes from Indiggo, which Fortune partners with to publish the ROL100, a ranking that measures 'return on leadership' among the top 100 companies of the Fortune 500. To do that, they use publicly available data points to measure corporate leadership as it connects to purpose, strategic clarity, leadership alignment, and focused action. This year, Microsoft retook the top spot from Nvidia (No. 2), followed by Delta Air Lines (No. 3), Alphabet (No. 4), and Eli Lilly (No. 5). The median EBITDA per employee of companies in the top quartile was $180,000 vs. $44,000 in the bottom quartile, while median three-year revenue growth was 8.3% and 5.1% respectively. With returns of 109% over the past 5 years, the ROL Index on S&P Global has outperformed both the S&P 500 (+91%) and the Dow Jones Industrial Average (+64%). As Indiggo CEO Janeen Gelbart says, 'this reinforces what we all know: how critical the leadership factor is to stock market performance.' You can find a deeper analysis of the index here. One trait that unites great leaders, in my experience, is a curiosity and desire to learn. Fostering those conversations has always been part of our mission at Fortune, where we regularly bring together leaders to share insights from the front lines. Next week is a great example as Fortune, in partnership with Workday, is bringing together leaders from PayPal, Salesforce, and Team Car Care to talk about agentic AI and the future of finance with emerging CFOs and senior finance leaders. If you're interested in joining us on June 12 from 11 a.m. to 12:00 p.m. (ET), register here. More news CEO Daily via Diane Brady at This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Yahoo
Why Lumen Technologies, Inc. (LUMN) Crashed On Wednesday
We recently published a list of . In this article, we are going to take a look at where Lumen Technologies, Inc. (NYSE:LUMN) stands against other worst-performing stocks on Wednesday. Lumen Technologies dropped its share prices by 4.87 percent on Wednesday to close at $3.91 apiece after falling 33 spots in Fortune 500 rankings. Fortune 500 companies are the 500 largest revenue-generating companies in the US in terms of total revenues. Cumulatively, they bring about $19.91 trillion in revenues and employ more than 31 million individuals. Close-up of a technician's hands adjusting a communication router. Last year, Lumen Technologies, Inc. (NYSE:LUMN) recorded $13.1 billion in revenues, lower by 9.6 percent than the $14.5 billion registered in 2013. Also on Wednesday, Lumen Technologies, Inc. (NYSE:LUMN) announced plans to provide the terrestrial backhaul connectivity for the JUNO Trans-Pacific Cable System, the highest-capacity trans-Pacific cable linking Japan and the United States. 'Our critical fiber backbone enables the seamless high-capacity transport from Asia into the heart of the U.S. digital economy. This level of control, scale, and performance is exactly what global enterprises and cloud providers need to support the next generation of AI and data-driven innovation,' said Chief Revenue Officer Ashley Haynes-Gaspar. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
