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]

Arms

Escutcheon:Per chevron Argent and Azure in chief two Anchors Azure in base an Eagle displayed Or.
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.
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.
Motto:Semper Servientes
Notes:Granted August 3, 2021 (183/303)[7]

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 - ObitTree™. 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.
  7. Web site: January 2022 Newsletter (no. 67) . College of Arms . January 29, 2022.