GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Erie Indemnity Co (STU:EI2) » Definitions » Days Payable

Erie Indemnity Co (STU:EI2) Days Payable


View and export this data going back to 2019. Start your Free Trial

What is Erie Indemnity Co Days Payable?

Days Payable does not apply to banks and insurance companies.


Erie Indemnity Co (STU:EI2) Business Description

Traded in Other Exchanges
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.