Erie Indemnity Company

Erie Indemnity Company is an insurance services company headquartered in Erie, Pennsylvania, founded in 1925. Its shares trade on Nasdaq under the ticker ERIE, and it is a member of the S&P 500 index. The company is not a classic insurer selling policies in its own name; it provides management services on behalf of a separate structure, the Erie Insurance Exchange.

The Erie Insurance Exchange is an insurance structure formed by policyholders through a reciprocal insurance system. Erie Indemnity acts as the attorney-in-fact of this structure and carries out services such as policy sales, risk assessment, policy issuance and claims handling, receiving in return a management fee tied to the Exchange's premium income. Sales are made through independent agents, and products include auto, home, commercial and life insurance. This structure means the company's income depends more directly on premium volume and the fee rate than on claims risk.

Those following Erie Indemnity stock typically track premium growth at the Exchange, the rules that set the management fee, the development of the agent network and the effect of interest rate levels on investment income. On the ERIE page at Lzzo.com the price is shown in US dollars, and a price chart and technical indicators appear on the same page.