Erie Indemnity Company’s showing among America’s 50 Most Trustworthy Financial Companies lit up the NASDAQ MarketSite Tower in Times Square in New York City earlier this month.
April 14, 2014 – Erie Indemnity Company is on the 2014 list of America’s 50 Most Trustworthy Financial Companies, which was released earlier this month by Forbes.
Erie Indemnity Company came in with a “best score” in the mid cap segment, with an average Accounting and Governance Risk (AGR) of 99.
The list is based on data from proprietary ratings provider and investment advisor GMI Ratings. GMI reviewed the accounting and governance behaviors of more than 8,000 publicly-traded companies in North America from fourth quarter of 2012 through third quarter of 2013.
In a press release GMI Director James Kaplan said, “Companies that make this list are reporting accurately on their outcomes, good or bad. While there’s no guarantee that an honest company is a thriving one, in most cases the companies making the list are financially sound, with strong stock performance.”
Read more at Forbes.com.