Erie Indemnity

ERIE NASDAQ
222.78
+1.09
+0.49%
Opening 09:36 08/22 EDT
Open
221.18
Prev Close
221.69
High
222.78
Low
221.18
Volume
1.83K
Avg Vol (3M)
213.82K
52 Week High
270.23
52 Week Low
120.15
% Turnover
0.00%
Market Cap
11.65B
1D
5D
1M
3M
1Y
5Y

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Company Profile

Erie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Company's function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange. The sales related services the Company provides include agent compensation, and certain sales and advertising support services. Agent compensation includes scheduled commissions to agents based upon premiums written, as well as additional commissions and bonuses to agents. The underwriting services the Company provides include underwriting and policy processing expenses. It provides information technology services that supports various functions. The remaining services the Company provides include customer service and administrative costs.
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