Thomas B. Hagen Explained

Thomas B. Hagen
Birth Date:[1]
Nationality:American
Education:Ohio State University
Occupation:Businessman
Chairman, Erie Insurance Group
Spouse:Susan Hirt (died 2015)
Children:2

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]

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]

Notes and References

  1. Web site: Forbes profile: Thomas Hagen . Forbes . October 15, 2018.
  2. Web site: Thomas B. Hagen '55 . Penn State Behrend . October 15, 2018.
  3. Web site: Executive Profile: Thomas Bailey Hagen . Bloomberg LP . October 15, 2018.
  4. Web site: Susan Hirt Hagen Obituary - Erie, PA - ObitTreeā„¢. obittree.com. October 15, 2018.
  5. Web site: Susan Hagen Obituary (2015) - Erie Times-News. January 22, 2021. www.legacy.com. en.
  6. Web site: Thomas Hagen is writing next chapter of Erie history. Martin. Jim. GoErie.com. en. February 13, 2019.