Susan Hirt Hagen, the billionaire heiress to Erie Indemnity Co. and the company’s largest individual shareholder, has died. She was 79.
Hagen, the daughter of car insurance pioneer Henry Orth Hirt, died Monday, according to a statement from Erie, which is based in the Pennsylvania community of the same name. The company didn’t immediately disclose the cause of death.
Her fortune is valued at about $1.9 billion, according to the Bloomberg Billionaires index. She joined the company’s board in 1980.
“As the daughter of our founder, H.O. Hirt, and our longest serving board member, Susan had an indelible influence in shaping Erie Insurance,” Chief Executive Officer Terry Cavanaugh said in the statement.
A 1957 graduate of Wittenberg University, she was a benefactor of Ohio school and had been a director there. She was married to Thomas B. Hagen, who is the insurer’s chairman. They have two children, Jonathan and Sarah, and three grandchildren.