Headquartered in Erie, PA Fiscal year ends December NASDAQ: ERIE erieinsurance.com
Erie Indemnity Company serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange, providing policy issuance, renewal, and administrative services in exchange for management fees. The company operates within the Erie Insurance Group, which is the 16th largest property/casualty insurer in the United States based on net premiums written, and ranks among the top homeowners, automobile, and commercial lines insurers nationally. Erie Indemnity earns revenue primarily through management fees calculated as a percentage of the Exchange's direct and affiliated assumed written premiums, as well as administrative services reimbursement revenue and service agreement revenue. The company operates in 12 states and the District of Columbia, distributing insurance products through an independent agency system. Erie Insurance Group holds an A (Excellent) rating from AM Best and has nearly seven million policies in force. Erie Indemnity is a Fortune 500 company listed on the NASDAQ under the ticker ERIE. Updated
Erie Indemnity leads today's payouts, sending shareholders about $67.6 million, or $1.4625 a share, on October 20. Match Group, Preferred Bank and Werner Enterprises are paying out too, with checks landing between October 19 and 21.
Financial stocks are the first to crack when markets panic, yet a handful of them kept handing investors bigger checks through both the 2008 meltdown and the 2020 shock. Four names cleared…
Erie Indemnity (NASDAQ:ERIE | ERIE Price Prediction) operates as the management company for Erie Insurance Exchange, one of the nation’s largest property and casualty insurers. The company just raised its dividend 7.1%…
Dividend stock investing has proved to be a superior investing strategy. Data from Hartford Funds and Ned Davis Research show over the last 50 years, stocks on the S&P 500 that initiate…
Erie Indemnity Company serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange, providing policy issuance, renewal, and administrative services in exchange for management fees.
24/7 Wall St.'s 12-month price target for ERIE is $169.53, rated Sell. The Wall Street consensus target is $115.00. ERIE price prediction →
