ETIt was a rare down year in 2025 for the stock price of Erie Indemnity Co., the publicly traded management company of Erie Insurance. That translated into a substantial decline in the calculated net worth of Erie's Thomas B. Hagen, a preservationist and philanthropist who is chairman of the company. Over the past 52 weeks, the daily closing prices of Erie Indemnity stock has ranged from a high of $434 to a low of about $237. Like anyone's stock portfolio, Hagen's net worth rises and falls as the company's stock price changes. At various points during the morning of March 13, for instance, his net worth rose and fell by millions of dollars.

Source: Forbes March 14, 2026 10:30 UTC