About Erie Indemnity Company (ERIE)
Erie Indemnity Company (Indemnity) is managing attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a subscriber owned, reciprocal insurer, which writes property and casualty insurance. Indemnity’s function is to perform services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange. This is done in accordance with a subscriber’s agreement (a limited power of attorney) executed by each subscriber (policyholder), which appoints Indemnity as their common attorney-in-fact to transact business on their behalf and to manage the affairs of the Exchange. It operates in four segments: management operations, property and casualty insurance operations, life insurance operations and investment operations.
Erie Indemnity Company (ERIE)