Erie Indemnity traded at $227.07 this Friday June 5th, increasing $7.56 or 3.44 percent since the previous trading session. Looking back, over the last four weeks, Erie Indemnity gained 6.33 percent. Over the last 12 months, its price fell by 38.91 percent. Looking ahead, we forecast Erie Indemnity to be priced at 208.83 by the end of this quarter and at 196.61 in one year, according to Trading Economics global macro models projections and analysts expectations.
Erie Indemnity 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 primary function is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. It also acts as attorney-in-fact on behalf of the Exchange with respect to all claims handling and investment management services, as well as the service provider for all claims handling, life insurance and investment management services for its insurance subsidiaries (administrative services). The sales related services it provides include agent compensation and certain sales and advertising support services. The underwriting services it provides include underwriting and policy processing. The remaining services it provides include customer service and administrative support. It also provides information technology services.