Thomas B. Hagen

Thomas Bailey Hagen (born 1935/1936) is an American billionaire businessman, the Chairman and former CEO of Erie Insurance Group, and the son-in-law of the company's founder. In 2023, his estimated net worth was $4.2 billion.[1]

Thomas B. Hagen
Born1935 or 1936 (age 87–88)[1]
NationalityAmerican
EducationOhio State University
OccupationBusinessman
TitleChairman, Erie Insurance Group
SpouseSusan Hirt (died 2015)
Children2

Early life

Hagen was born circa 1935/1936. He attended Penn State Behrend from 1953 to 1955, and earned a bachelor's degree from Ohio State University in 1957.[1][2]

Career

As of 2018, Hagen has worked for Erie for over 40 years and is the chairman of Erie Insurance Group, having been its CEO from 1990 to 1993.[1]

Hagen was Secretary of Commerce and then Secretary of Community & Economic Development for the state of Pennsylvania from January 1995 to March 1997.[3]

Personal life

Hagen was married to Susan Hirt Hagen (June 20, 1935 - June 15, 2015), the daughter of the co-founder Erie Insurance, H. O. Hirt.[1][4][5] She was Erie's longest serving director.[1] They had two children, Jonathan Hirt Hagen, and Sarah Hagen McWilliams.[1][4][5]

Hagen lives in Erie, Pennsylvania.[1]

Philanthropy

In 2017, Hagen gave $1.5 million to Mercyhurst University's history department, which was renamed in his honour.[1]

As of 2017, Hagen and Erie Insurance Group was involved in restoration efforts in Erie, Pennsylvania.[6]

Arms
Coat of arms of Thomas B. Hagen
Notes
Granted August 3, 2021 (183/303)[7]
Crest
Upon a Helm with a Wreath Argent and Azure Issuing from the span of a Bridge of two Towers Azure the Keystone Or a demi Griffin Azure holding in the feet a United States Naval Officer’s Sword erect Or. Mantled Azure doubled Argent.
Escutcheon
Per chevron Argent and Azure in chief two Anchors Azure in base an Eagle displayed Or.
Motto
Semper Servientes
Badge
Two United States Naval Officer’s Swords hilts downwards Or the blades crossed in saltire Azure and there surmounted by the slips conjoined of two Oak leaves in pale and two Acorns in fess Or.

References
  1. "Forbes profile: Thomas Hagen". Forbes. Retrieved October 15, 2018.
  2. "Thomas B. Hagen '55". Penn State Behrend. Retrieved October 15, 2018.
  3. "Executive Profile: Thomas Bailey Hagen". Bloomberg LP. Retrieved October 15, 2018.
  4. "Susan Hirt Hagen Obituary - Erie, PA - ObitTree™". obittree.com. Retrieved October 15, 2018.
  5. "Susan Hagen Obituary (2015) - Erie Times-News". www.legacy.com. Retrieved January 22, 2021.
  6. Martin, Jim. "Thomas Hagen is writing next chapter of Erie history". GoErie.com. Retrieved February 13, 2019.
  7. "January 2022 Newsletter (no. 67)". College of Arms. Retrieved January 29, 2022.


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