With a market cap of $13.2 billion, Erie Indemnity Company (ERIE) operates as the managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides a range of services, including policy issuance and renewal, underwriting, customer support, and information technology solutions.
The Erie, Pennsylvania-based company's shares have lagged behind the broader market over the past 52 weeks. ERIE stock has decreased 32.9% over this time frame, while the broader S&P 500 Index ($SPX) has increased 12.7%. Moreover, shares of the company are down 30.9% on a YTD basis, compared to SPX’s 14.4% gain.
