Erie Indemnity Co - Understand $erie stock

$ERIE Market Cap: $19.88 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.689B

TTM

Gross Margin

17.13%

TTM

Net Earnings

$559.2M

TTM

Current Assets

$1.097B

Q3 2024

Current Liabilities

$806.9M

Q3 2024

Current Ratio

135.99%

Q3 2024

Total Assets

$2.864B

Q3 2024

Total Liabilities

$916.2M

Q3 2024

Book Value

$1.948B

Q3 2024

Cash

$221.2M

Q3 2024

P/E

35.55

Nov 29, 2024 EST

Free Cash Flow

$467.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	$3.269B	$2.840B	$2.634B	$2.536B	$34.46M	$31.23M	$1.692B	$1.597B	$1.506B	$1.407B	$1.297B	$5.512B	$4.824B	$4.890B	$4.381B	$3.222B	$1.240B	$1.233B	$1.240B	$1.211B	$1.116B	$961.3M	$783.7M	$773.6M	$709.8M	$666.5M	$626.3M	$587.0M	$549.1M
YoY Change	15.1%	7.83%	3.84%	7260.68%	10.33%	-98.15%	5.96%	6.05%	6.99%	8.46%	-76.46%	14.26%	-1.35%	11.62%	35.97%	159.92%	0.54%	-0.58%	2.39%	8.59%	16.04%	22.66%	1.31%	8.99%	6.5%	6.42%	6.7%	6.9%	8.93%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	$3.269B	$2.840B	$2.634B	$2.536B	$34.46M	$31.23M	$1.692B	$1.597B	$1.506B	$1.407B	$1.297B	$5.512B	$4.824B	$4.890B	$4.381B	$3.222B	$1.240B	$1.233B	$1.240B	$1.211B	$1.116B	$961.3M	$783.7M	$773.6M	$709.8M	$666.5M	$626.3M	$587.0M	$549.1M
Cost Of Revenue	$2.749B	$2.464B	$2.316B	$2.198B	$2.120B	$2.038B	$1.402B			$3.958B	$3.467B	$3.480B	$3.444B	$2.900B
Gross Profit	$520.3M	$376.2M	$318.1M	$338.2M	$357.3M	$344.3M	$290.3M			-$2.551B	-$2.170B	$2.032B	$1.380B	$1.990B
Gross Profit Margin	15.92%	13.25%	12.08%	13.33%	1036.85%	1102.32%	17.16%			-181.28%	-167.24%	36.87%	28.61%	40.7%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Selling, General & Admin								$213.4M	$226.7M	$206.7M	$207.6M	$1.133B	$1.022B	$969.0M	$1.003B	$908.0M	$804.6M	$794.6M	$760.3M	$731.7M	$667.5M	$566.6M	$483.6M	$450.1M	$413.3M	$390.3M	$371.4M	$349.9M	$340.2M
YoY Change								-5.87%	9.68%	-0.43%	-81.68%	10.86%	5.47%	-3.39%	10.46%	12.85%	1.26%	4.51%	3.91%	9.62%	17.81%	17.16%	7.44%	8.9%	5.89%	5.09%	6.14%	2.85%	1.52%
% of Gross Profit												55.76%	74.06%	48.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$47.40M	$45.90M	$37.20M	$21.20M	$16.80M	$13.40M	$14.80M	$15.10M	$15.90M	$15.70M	$15.00M	$17.00M	$4.000M	$12.00M
YoY Change	3.27%	23.39%	75.47%	26.19%	25.37%	-9.46%	-1.99%	-5.03%	1.27%	4.68%	-11.78%	325.0%	-66.67%
% of Gross Profit	9.11%	12.2%	11.69%	6.27%	4.7%	3.89%	5.1%					0.84%	0.29%	0.6%
Operating Expenses	$2.749B	$2.464B	$2.316B	$2.198B	$2.120B	$2.038B	$1.402B	$1.303B	$1.273B	$1.184B	$1.088B	$4.613B	$4.466B	$3.869B	$3.731B	$3.490B	$930.5M	$934.2M	$900.7M	$884.9M	$820.5M	$705.9M	$600.8M	$549.7M	$501.1M	$470.2M	$451.4M	$435.0M	$411.1M
YoY Change	11.56%	6.39%	5.35%	3.7%	4.03%	45.4%	7.55%	2.37%	7.49%	8.85%	-76.41%	3.29%	15.43%	3.7%	6.91%	275.07%	-0.4%	3.72%	1.79%	7.85%	16.23%	17.49%	9.3%	9.7%	6.57%	4.16%	3.77%	5.81%	3.01%
Operating Profit	$520.3M	$376.2M	$318.1M	$338.2M	$357.3M	$344.3M	$290.3M	$293.5M	$232.5M	$222.8M	$209.3M	-$2.581B	-$3.086B	-$1.879B
YoY Change	38.29%	18.27%	-5.93%	-5.37%	3.77%	18.64%	-1.11%	26.22%	4.35%	6.45%	-108.11%	-16.36%	64.24%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$0.00	$2.009M	$4.132M	$731.0K	$856.0K	$2.460M	$1.238M	$101.0K	$35.30M	$28.50M	$37.70M
YoY Change	-100.0%	-51.38%	465.25%	-14.6%	-65.2%	98.71%	1125.74%	-99.71%	23.86%	-24.4%
% of Operating Profit	0.0%	0.53%	1.3%	0.22%	0.24%	0.71%	0.43%	0.03%	15.18%	12.79%	18.01%
Other Income/Expense, Net	$12.71M	$1.615M	-$4.893M	-$1.778M	$255.0K	$3.641M	-$1.911M	-$1.164M
YoY Change	687.12%	-133.01%	175.2%	-797.25%	-93.0%	-290.53%	64.18%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Pretax Income	$561.9M	$376.5M	$376.4M	$368.5M	$396.7M	$371.3M	$315.7M	$320.1M	$266.2M	$251.3M	$246.6M	$899.0M	$358.0M	$999.0M	$524.0M	-$839.0M	$309.2M	$298.8M	$339.5M	$326.3M	$295.1M	$255.4M	$182.8M	$223.9M	$208.8M	$196.4M	$174.9M	$152.0M	$138.0M
YoY Change	49.27%	0.01%	2.14%	-7.11%	6.84%	17.62%	-1.37%	20.22%	5.96%	1.89%	-72.57%	151.12%	-64.16%	90.65%	-162.46%	-371.35%	3.48%	-11.99%	4.05%	10.57%	15.54%	39.72%	-18.36%	7.23%	6.31%	12.29%	15.07%	10.14%	31.43%
Income Tax	$115.9M	$77.88M	$78.54M	$75.21M	$79.88M	$83.10M	$118.7M	$109.7M	$91.57M	$83.76M	$84.00M	$280.0M	$90.00M	$339.0M	$78.00M	-$223.0M	$99.10M	$99.10M	$111.7M	$105.1M	$102.2M	$84.90M	$60.60M	$71.50M	$65.60M	$61.80M	$56.30M	$46.90M	$44.50M
% Of Pretax Income	20.62%	20.69%	20.87%	20.41%	20.14%	22.38%	37.6%	34.28%	34.39%	33.34%	34.06%	31.15%	25.14%	33.93%	14.89%		32.05%	33.17%	32.9%	32.21%	34.63%	33.24%	33.15%	31.93%	31.42%	31.47%	32.19%	30.86%	32.25%
Net Earnings	$446.1M	$298.6M	$297.9M	$293.3M	$316.8M	$288.2M	$197.0M	$210.4M	$174.7M	$167.5M	$162.6M	$160.0M	$169.0M	$162.0M	$108.0M	$69.00M	$212.9M	$204.0M	$231.1M	$226.4M	$199.7M	$172.1M	$122.3M	$152.4M	$143.1M	$134.6M	$118.6M	$105.1M	$93.60M
YoY Change	49.4%	0.24%	1.55%	-7.42%	9.92%	46.31%	-6.35%	20.43%	4.28%	3.01%	1.63%	-5.33%	4.32%	50.0%	56.52%	-67.59%	4.36%	-11.73%	2.08%	13.37%	16.04%	40.72%	-19.75%	6.5%	6.32%	13.49%	12.84%	12.29%	30.54%
Net Earnings / Revenue	13.65%	10.51%	11.31%	11.56%	919.39%	922.79%	11.64%	13.18%	11.6%	11.9%	12.53%	2.9%	3.5%	3.31%	2.47%	2.14%	17.17%	16.55%	18.63%	18.69%	17.9%	17.9%	15.61%	19.7%	20.16%	20.2%	18.94%	17.9%	17.05%
Basic Earnings Per Share
Diluted Earnings Per Share	$7.64	$5.11	$5.100M	$5.022M	$5.425M	$4.935M	$3.373M	$3.597M	$2.981M	$2.853M	$2.756M	$2.991M	$3.067M	$2.847M	$1.882M	$1.190M	$3.428M	$3.124M	$3.335M	$3.211M	$2.809M	$2.417M	$1.713M	$2.117M	$1.947M	$1.809M	$1.594M	$1.413M	$1.258M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Cash & Short-Term Investments	$213.5M	$166.4M	$222.1M	$179.0M	$372.0M	$669.0M	$287.0M	$245.0M	$245.0M	$155.0M	$452.0M	$400.0M	$185.0M	$430.0M	$234.0M	$61.00M	$31.00M	$60.00M	$32.00M	$50.00M	$87.00M	$86.00M	$137.0M	$39.00M	$24.00M	$54.00M	$53.00M	$19.00M	$57.00M
YoY Change	28.36%	-25.1%	24.08%	-51.88%	-44.39%	133.1%	17.14%	0.0%	58.06%	-65.71%	13.0%	116.22%	-56.98%	83.76%	283.61%	96.77%	-48.33%	87.5%	-36.0%	-42.53%	1.16%	-37.23%	251.28%	62.5%	-55.56%	1.89%	178.95%	-66.67%
Cash & Equivalents	$131.5M	$142.1M	$183.7M	$161.0M	$337.0M	$266.0M	$216.0M	$189.0M	$183.0M	$92.00M	$452.0M	$400.0M	$185.0M	$430.0M	$234.0M	$61.00M	$31.00M	$60.00M	$32.00M	$50.00M	$87.00M	$86.00M	$137.0M	$39.00M	$24.00M	$54.00M	$53.00M	$19.00M	$57.00M
Short-Term Investments	$82.02M	$24.27M	$38.40M	$18.00M	$35.00M	$402.0M	$71.00M	$56.00M	$62.00M	$63.00M
Other Short-Term Assets	$81.86M	$79.20M	$56.21M	$50.00M	$45.00M	$37.00M	$35.00M	$30.00M	$25.00M	$26.00M		$1.230B	$1.142B	$1.143B	$1.121B	$1.132B	$1.220B	$1.241B	$1.258B	$1.220B	$1.105B	$941.0M	$717.0M	$572.0M	$509.0M	$499.0M	$493.0M	$586.0M	$552.0M
YoY Change	3.36%	40.91%	12.41%	11.11%	21.62%	5.71%	16.67%	20.0%	-3.85%			7.71%	-0.09%	1.96%	-0.97%	-7.21%	-1.69%	-1.35%	3.11%	10.41%	17.43%	31.24%	25.35%	12.38%	2.0%	1.22%	-15.87%	6.16%
Inventory
Prepaid Expenses
Receivables	$634.8M	$533.2M	$485.4M	$501.0M	$474.0M	$455.0M	$425.0M	$385.0M	$354.0M	$341.0M
Other Receivables	$0.00	$0.00	$0.00	$2.000M	$1.000M	$8.000M	$55.00M	$5.000M	$11.00M	$11.00M
Total Short-Term Assets	$930.2M	$778.8M	$763.7M	$732.0M	$891.0M	$1.169B	$802.0M	$666.0M	$635.0M	$533.0M	$452.0M	$1.630B	$1.327B	$1.573B	$1.355B	$1.421B	$1.464B	$1.540B	$1.506B	$1.486B	$1.391B	$1.207B	$1.004B	$731.0M	$640.0M	$662.0M	$659.0M	$605.0M	$609.0M
YoY Change	19.44%	1.97%	4.33%	-17.85%	-23.78%	45.76%	20.42%	4.88%	19.14%	17.92%	-72.27%	22.83%	-15.64%	16.09%	-4.64%	-2.94%	-4.94%	2.26%	1.35%	6.83%	15.24%	20.22%	37.35%	14.22%	-3.32%	0.46%	8.93%	-0.66%
Property, Plant & Equipment	$442.6M	$413.9M	$374.8M	$280.0M	$244.0M	$131.0M	$83.00M	$69.00M	$59.00M	$63.00M											$14.00M	$14.00M	$15.00M	$14.00M	$15.00M	$12.00M	$10.00M	$10.00M	$8.000M
YoY Change	6.94%	10.42%	33.86%	14.75%	86.26%	57.83%	20.29%	16.95%	-6.35%												0.0%	-6.67%	7.14%	-6.67%	25.0%	20.0%	0.0%	25.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$963.5M	$943.0M	$995.4M	$1.005B	$789.0M	$393.0M	$733.0M	$715.0M	$626.0M	$639.0M	$13.87B	$12.81B	$12.07B	$11.82B	$10.94B	$990.0M	$1.287B	$1.392B	$1.466B	$1.384B	$1.252B	$1.058B	$895.0M	$862.0M	$793.0M	$717.0M	$572.0M	$490.0M	$366.0M
YoY Change	2.18%	-5.27%	-0.95%	27.38%	100.76%	-46.38%	2.52%	14.22%	-2.03%	-95.39%	8.21%	6.13%	2.19%	8.0%	1005.05%	-23.08%	-7.54%	-5.05%	5.92%	10.54%	18.34%	18.21%	3.83%	8.7%	10.6%	25.35%	16.73%	33.88%
Other Assets	$77.25M	$43.30M	$49.41M	$38.00M	$92.00M	$86.00M	$48.00M	$74.00M	$62.00M	$59.00M	$1.191B	$997.0M	$947.0M	$956.0M	$992.0M	$177.0M	$102.0M	$83.00M	$105.0M	$73.00M	$57.00M	$63.00M	$56.00M	$58.00M	$55.00M	$48.00M	$36.00M	$31.00M	$24.00M
YoY Change	78.44%	-12.38%	30.03%	-58.7%	6.98%	79.17%	-35.14%	19.35%	5.08%	-95.05%	19.46%	5.28%	-0.94%	-3.63%	460.45%	73.53%	22.89%	-20.95%	43.84%	28.07%	-9.52%	12.5%	-3.45%	5.45%	14.58%	33.33%	16.13%	29.17%
Total Long-Term Assets	$1.542B	$1.461B	$1.478B	$1.385B	$1.125B	$609.0M	$864.0M	$883.0M	$772.0M	$786.0M	$16.22B	$13.81B	$13.02B	$12.77B	$11.93B	$1.192B	$1.415B	$1.499B	$1.595B	$1.497B	$1.364B	$1.151B	$980.0M	$950.0M	$879.0M	$791.0M	$634.0M	$546.0M	$413.0M
YoY Change	5.55%	-1.2%	6.74%	23.11%	84.73%	-29.51%	-2.15%	14.38%	-1.78%	-95.16%	17.47%	6.07%	1.96%	7.03%	901.01%	-15.76%	-5.6%	-6.02%	6.55%	9.75%	18.51%	17.45%	3.16%	8.08%	11.13%	24.76%	16.12%	32.2%
Total Assets	$2.472B	$2.239B	$2.242B	$2.117B	$2.016B	$1.778B	$1.666B	$1.549B	$1.407B	$1.319B	$16.68B	$15.44B	$14.35B	$14.34B	$13.29B	$2.613B	$2.879B	$3.039B	$3.101B	$2.983B	$2.755B	$2.358B	$1.984B	$1.681B	$1.519B	$1.453B	$1.293B	$1.151B	$1.022B
YoY Change
Accounts Payable	$175.6M	$165.9M	$138.3M	$140.0M	$124.0M	$111.0M	$105.0M	$88.00M	$47.00M	$36.00M						$51.00M	$41.00M	$42.00M	$35.00M	$33.00M	$46.00M	$39.00M	$46.00M	$30.00M	$24.00M	$20.00M	$17.00M	$6.000M	$6.000M
YoY Change	5.85%	19.95%	-1.2%	12.9%	11.71%	5.71%	19.32%	87.23%	30.56%							24.39%	-2.38%	20.0%	6.06%	-28.26%	17.95%	-15.22%	53.33%	25.0%	20.0%	17.65%	183.33%	0.0%
Accrued Expenses	$68.08M	$95.17M	$120.4M	$121.0M	$107.0M	$103.0M	$123.0M	$115.0M	$149.0M	$128.0M						$100.0M	$124.0M	$128.0M	$100.0M	$24.00M	$20.00M	$17.00M	$21.00M	$16.00M	$13.00M	$13.00M	$8.000M	$95.00M	$95.00M
YoY Change	-28.46%	-20.98%	-0.47%	13.08%	3.88%	-16.26%	6.96%	-22.82%	16.41%							-19.35%	-3.13%	28.0%	316.67%	20.0%	17.65%	-19.05%	31.25%	23.08%	0.0%	62.5%	-91.58%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00	$2.098M	$2.000M	$2.000M	$2.000M
YoY Change		-100.0%	4.9%	0.0%	0.0%
Total Short-Term Liabilities	$709.0M	$665.1M	$630.9M	$628.0M	$588.0M	$547.0M	$510.0M	$470.0M	$446.0M	$400.0M	$8.103B	$8.285B	$7.908B	$7.753B	$7.562B	$1.724B	$1.813B	$1.869B	$1.816B	$1.692B	$1.563B	$1.358B	$1.106B	$894.0M	$809.0M	$781.0M	$746.0M	$713.0M	$668.0M
YoY Change	6.6%	5.43%	0.46%	6.8%	7.5%	7.25%	8.51%	5.38%	11.5%	-95.06%	-2.2%	4.77%	2.0%	2.53%	338.63%	-4.91%	-3.0%	2.92%	7.33%	8.25%	15.1%	22.78%	23.71%	10.51%	3.59%	4.69%	4.63%	6.74%
Long-Term Debt	$0.00	$0.00	$91.73M	$94.00M	$96.00M	$98.00M	$75.00M	$25.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change		-100.0%	-2.41%	-2.08%	-2.04%	30.67%	200.0%
Other Long-Term Liabilities	$88.67M	$111.9M	$177.0M	$208.0M	$199.0M	$160.0M	$224.0M	$238.0M	$192.0M	$216.0M	$573.0M					$98.00M	$0.00
YoY Change	-20.73%	-36.79%	-14.91%	4.52%	24.38%	-28.57%	-5.88%	23.96%	-11.11%	-62.3%
Total Long-Term Liabilities	$88.67M	$111.9M	$268.7M	$302.0M	$295.0M	$258.0M	$299.0M	$263.0M	$192.0M	$216.0M	$573.0M	$0.00	$0.00	$0.00	$0.00	$98.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-20.73%	-58.37%	-11.02%	2.37%	14.34%	-13.71%	13.69%	36.98%	-11.11%	-62.3%					-100.0%
Total Liabilities	$809.1M	$791.0M	$899.6M	$929.0M	$883.0M	$805.0M	$809.0M	$732.0M	$638.0M	$616.0M	$15.94B	$14.80B	$13.57B	$13.43B	$12.39B	$1.822B	$1.827B	$1.878B	$1.823B	$1.716B	$1.590B	$1.370B	$1.119B	$902.0M	$821.0M	$798.0M	$753.0M	$715.0M	$668.0M
YoY Change	2.29%	-12.06%	-3.17%	5.21%	9.69%	-0.49%	10.52%	14.73%	3.57%	-96.14%	7.72%	9.08%	1.01%	8.45%	579.75%	-0.27%	-2.72%	3.02%	6.24%	7.92%	16.06%	22.43%	24.06%	9.87%	2.88%	5.98%	5.31%	7.04%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $19.879 Billion

About ERIE INDEMNITY CO

Erie Indemnity Co. engages in the insurance business and operates as an attorney-in-fact. The company is headquartered in Erie, Pennsylvania and currently employs 6,481 full-time employees. The Exchange is a reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty subsidiaries, including Erie Insurance Company, Erie Insurance Company of New York, Erie Insurance Property & Casualty Company, and Flagship City Insurance Company. The Exchange also has a wholly owned life insurance company, Erie Family Life Insurance Company (EFL). Its primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. The company also acts as attorney-in-fact on behalf of the subscribers at 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 the Exchange's insurance subsidiaries (collectively, administrative services).

Industry: Insurance Agents, Brokers & Service Peers: AMERICAN FINANCIAL GROUP INC BERKLEY W R CORP CINCINNATI FINANCIAL CORP CNA FINANCIAL CORP Fidelity National Financial, Inc. Kinsale Capital Group, Inc. LOEWS CORP MARKEL GROUP INC. OLD REPUBLIC INTERNATIONAL CORP PROGRESSIVE CORP/OH/