With a market cap of $12.9 billion, Erie Indemnity Company (ERIE) serves as the managing attorney-in-fact for the subscribers of the Erie Insurance Exchange. The company provides a wide range of services, including policy issuance and renewal, sales and advertising support, and agent compensation.
Companies valued at more than $10 billion are generally considered “large-cap” stocks, and Erie Indemnity fits this criterion perfectly. It also delivers underwriting, customer service, administrative support, and information technology services.
