Last $88.64 USD
Change Today -0.49 / -0.55%
Volume 36.6K
ERIE On Other Exchanges
As of 8:10 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

erie indemnity company-cl a (ERIE) Snapshot

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Day High
Day Low
52 Week High
12/8/14 - $94.00
52 Week Low
03/21/14 - $66.55
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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erie indemnity company-cl a (ERIE) Details

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. It operates 24 field offices in 11 states. The company was founded in 1925 and is based in Erie, Pennsylvania.

4,450 Employees
Last Reported Date: 02/27/14
Founded in 1925

erie indemnity company-cl a (ERIE) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $971.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $469.6K
Executive Vice President of Products
Total Annual Compensation: $519.6K
Executive Vice President of Services
Total Annual Compensation: $425.8K
Executive Vice President of Sales & Marketing
Total Annual Compensation: $425.8K
Compensation as of Fiscal Year 2013.

erie indemnity company-cl a (ERIE) Key Developments

Erie Insurance Opens Training Center at

Erie Insurance cut the ribbon on the company's new Technical Learning Center a hands-on claims training facility that features 14 vehicle bays, a three-story model home made from 400 different building materials, and other training aides. The 52,000-square-foot space will serve as a giant interactive classroom for employees and agents to get an up-close look at property damage sustained to vehicles, homes and businesses. employees, media and invited guests got the first look at the hands-on facility, which features a full-size house with an attic and basement, as well as sprinkler and building material work stations. It also includes vehicle equipment stations with lifts, frame repair stations, wheel alignment machines, and prep and paint booths. The new facility also includes an installation by found-object artist Michelle Stitzlein who recreated the ERIE logo from repurposed automotive and building materials.

Erie Indemnity Company Agrees Increased Regular Quarterly Cash Dividend Payable on January 21, 2015

The Board of Erie Indemnity Company agreed to increase the regular quarterly cash dividend from $0.635 to $0.681 on each Class A share and from $95.25 to $102.15 on each Class B share. This represents a 7.2% increase in the payout per share over the current dividend rate. The next quarterly dividend is payable January 21, 2015, to shareholders of record as of January 6, 2015, with a dividend ex-date of January 2, 2015.

Erie Insurance Group Launches New Car Insurance Coverage

Erie Insurance Group has launched new car insurance coverage to protect drivers who use ridesharing services like Uber and Lyft. The new car insurance coverage solves a longstanding problem for drivers in the ridesharing economy by eliminating confusion over what's covered and when. With ERIE's new coverage, the driver has insurance coverage during every part of the trip-before, during and after the hired ride. The new Erie Insurance coverage is available to people who put a 'business use' designation on their personal car insurance policy.


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Industry Analysis


Industry Average

Valuation ERIE Industry Range
Price/Earnings 26.3x
Price/Sales 0.7x
Price/Book 6.0x
Price/Cash Flow 23.1x
TEV/Sales NM Not Meaningful

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