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Company Description (as filed with the SEC)
Erie Indemnity Company (“we”, “us”, “our”) is a publicly held Pennsylvania business corporation that since 1925 has been the managing Attorney-in-Fact for the subscribers at Erie Insurance Exchange (“Exchange”). The Exchange is a subscriber (policyholder) owned Pennsylvania-domiciled reciprocal insurer that writes property/casualty insurance. Our primary function is to perform certain services for the Exchange relating to sales, underwriting and issuance of policies on behalf of the Exchange. This is done in accordance with a subscribers agreement (a limited power of attorney) executed by each subscriber (policyholder), appointing us as their common attorney-in-fact to transact business on their behalf and to manage their affairs at the Exchange. We earn a management fee from the Exchange for these services. ... More ...
Analyst Info |
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| Annual EPS Est: | $2.92 |
| Quarterly EPS Est: | 0.93 |
| PEG Ratio: | 2.55 |
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Mean Recommendation: View Summary / View All |
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Data is provided by Zacks Investment Research
