Early Life
Thomas Bailey Hagen, born around 1935 or 1936, is an American billionaire businessman. Details about his early life are not widely available.
Rise to Success
Hagen's career is closely tied to Erie Insurance Group. He attended Penn State Behrend from 1953 to 1955, and earned a bachelor's degree from Ohio State University in 1957. He joined Erie Insurance and steadily climbed the ranks, becoming CEO from 1990 to 1993 and later Chairman. His leadership helped Erie Insurance become a major player in the insurance industry. Hagen also served as the Pennsylvania Secretary of Commerce and Secretary of Community & Economic Development from 1995 to 1997.
Key Business Strategies
Hagen's business acumen and strategic vision were pivotal in Erie Insurance's growth. He focused on ethical practices, long-term planning, and community engagement. Under his leadership, the company expanded its offerings and solidified its position in the market. He also emphasized the importance of giving back to the community through various philanthropic efforts.
Philanthropy
Thomas Hagen is known for his philanthropic efforts, particularly in Erie, Pennsylvania. In 2017, he donated $1.5 million to Mercyhurst University's history department, which was subsequently renamed in his honor. He also established the Susan Hirt Hagen Fund for Transformational Philanthropy at The Erie Community Foundation. Hagen has been involved in revitalization projects in Erie, contributing to the restoration of historic neighborhoods and buildings.