ERIE
DependentErie Indemnity
$261.29
+2.96%
as of 13 Apr
Power Core
Erie Indemnity's moat is the irrevocable (in practice) attorney-in-fact agreement with the Erie Insurance Exchange, a legal and operational arrangement that has no close analogue in the public equity markets.
Direction of Movement
Stable Operations Under Significant Valuation Pressure
ROC 200
-30.3%
ERIE
Erie Indemnity
$261.29
+2.96%
as of 13 Apr
DCF Fair Value: $432.59
mOS zones are proprietary L17X overlays and do not constitute trading signals or investment advice.
Company Profile
Erie Indemnity Company is an insurance services firm that acts as the attorney-in-fact for the Erie Insurance Exchange. It provides essential services including sales, underwriting support, policy issuance, renewal, and administrative functions on behalf of the Exchange. The company's revenue primarily consists of management fees for these policy-related and administrative services, along with administrative services reimbursements and service agreement revenue, all closely linked to the Exchange's performance. Through this relationship, Erie Indemnity supports a range of property and casualty insurance products, such as automobile and homeowners coverage for individuals, plus multiperil, workers' compensation, and commercial automobile insurance for businesses. Operating exclusively in the United States, it plays a critical role in the insurance broker sector by enabling efficient management and distribution of these offerings within the broader Erie Insurance enterprise. Founded in 1925 and headquartered in Erie, Pennsylvania, Erie Indemnity Company maintains a focused business model centered on service provision to its affiliated insurance exchange.