Linked here is a detailed quantitative analysis of Erie Indemnity Co. (ERIE). Below are some highlights from the above linked analysis:
Company Description: Erie Indemnity Co. is a management services company that provides sales, underwriting, and policy issuance services to the policyholders of Erie Insurance Exchange in the United States.
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description: