8-K Announcements
6Apr 23, 2026·SEC
Feb 23, 2026·SEC
Feb 20, 2026·SEC
Erie Indemnity Company (ERIE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Erie Indemnity Company (ERIE) stock price & volume — 10-year historical chart
Erie Indemnity Company (ERIE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Erie Indemnity Company (ERIE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $2.88vs $3.06-5.9% | $1.0Bvs $1.1B-7.0% |
| Q1 2026 | Feb 23, 2026 | $0.33vs $1.59-120.8% | $951Mvs $976M-2.5% |
| Q4 2025 | Oct 30, 2025 | $3.50vs $3.37+3.9% | $1.3Bvs $976M+33.7% |
| Q3 2025 | Aug 7, 2025 | $3.34vs $3.48-4.0% | $1.1Bvs $1.1B-2.6% |
Erie Indemnity Company (ERIE) competitors in Program administrators and MGAs — business model, growth, and fundamentals comparison
Erie Indemnity Company (ERIE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Erie Indemnity Company (ERIE) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.69B | 2.38B | 2.48B | 2.54B | 2.63B | 2.84B | 3.27B | 3.8B | 4.07B | 4.33B |
| Revenue Growth % | 5.96% | 40.81% | 3.99% | 2.39% | 3.84% | 7.83% | 15.1% | 16.1% | 7.17% | 10.85% |
| Medical Costs & Claims | 1.4B | 2.04B | 2.12B | 2.2B | 2.32B | 2.46B | 2.75B | 3.12B | 3.43B | 2.53B |
| Medical Cost Ratio % | 82.84% | 85.55% | 85.58% | 86.67% | 87.92% | 86.75% | 84.08% | 82.18% | 84.25% | 58.49% |
| Gross Profit | 290.25M▲ 0% | 344.34M▲ 18.6% | 357.34M▲ 3.8% | 338.16M▼ 5.4% | 318.1M▼ 5.9% | 376.21M▲ 18.3% | 520.26M▲ 38.3% | 676.46M▲ 30.0% | 640.8M▼ 5.3% | 784.17M▲ 0% |
| Gross Margin % | 17.16% | 14.45% | 14.42% | 13.33% | 12.08% | 13.25% | 15.92% | 17.82% | 15.76% | 18.12% |
| Gross Profit Growth % | -1.11% | 18.64% | 3.77% | -5.37% | -5.93% | 18.27% | 38.29% | 30.02% | -5.27% | - |
| Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -78.72M | 1.06B |
| OpEx / Revenue % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -1.94% | 24.55% |
| Depreciation & Amortization | 14.83M | 13.37M | 16.81M | 21.2M | 37.21M | 46.17M | 47.41M | 56.53M | 76.78M | 51.68M |
| Combined Ratio % | 82.84% | 85.55% | 85.58% | 86.67% | 87.92% | 86.75% | 84.08% | 82.18% | 82.32% | 83.04% |
| Operating Income | 290.25M▲ 0% | 344.34M▲ 18.6% | 357.34M▲ 3.8% | 338.16M▼ 5.4% | 318.1M▼ 5.9% | 376.21M▲ 18.3% | 520.26M▲ 38.3% | 676.46M▲ 30.0% | 719.52M▲ 6.4% | 733.95M▲ 0% |
| Operating Margin % | 17.16% | 14.45% | 14.42% | 13.33% | 12.08% | 13.25% | 15.92% | 17.82% | 17.69% | 16.96% |
| Operating Income Growth % | -1.11% | 18.64% | 3.77% | -5.37% | -5.93% | 18.27% | 38.29% | 30.02% | 6.37% | - |
| EBITDA | 305.08M | 357.71M | 374.15M | 359.35M | 355.31M | 422.38M | 567.67M | 732.99M | 796.3M | 785.63M |
| EBITDA Margin % | 18.03% | 15.02% | 15.1% | 14.17% | 13.49% | 14.87% | 17.37% | 19.31% | 19.58% | 18.16% |
| Interest Expense | 1.24M | 2.46M | 856K | 731K | 4.13M | 2.01M | 0 | 0 | 0 | 0 |
| Non-Operating Income | 0 | 0 | -1.67M | 1.64M | 4.08M | -6.03M | -32.56M | -33.35M | 8.92M | 69.76M |
| Pretax Income | 315.69M▲ 0% | 371.32M▲ 17.6% | 396.7M▲ 6.8% | 368.51M▼ 7.1% | 376.4M▲ 2.1% | 376.45M▲ 0.0% | 561.94M▲ 49.3% | 757.28M▲ 34.8% | 710.6M▼ 6.2% | 726.18M▲ 0% |
| Pretax Margin % | 18.66% | 15.59% | 16.01% | 14.53% | 14.29% | 13.25% | 17.19% | 19.95% | 17.47% | 16.78% |
| Income Tax | 118.7M | 83.1M | 79.88M | 75.21M | 78.54M | 77.88M | 115.88M | 156.97M | 151.27M | 154.79M |
| Effective Tax Rate % | 37.6% | 22.38% | 20.14% | 20.41% | 20.87% | 20.69% | 20.62% | 20.73% | 21.29% | 21.32% |
| Net Income | 197M▲ 0% | 288.22M▲ 46.3% | 316.82M▲ 9.9% | 293.3M▼ 7.4% | 297.86M▲ 1.6% | 298.57M▲ 0.2% | 446.06M▲ 49.4% | 600.31M▲ 34.6% | 559.34M▼ 6.8% | 571.39M▲ 0% |
| Net Margin % | 11.64% | 12.1% | 12.79% | 11.56% | 11.31% | 10.51% | 13.65% | 15.82% | 13.75% | 13.2% |
| Net Income Growth % | -6.35% | 46.31% | 9.92% | -7.42% | 1.55% | 0.24% | 49.4% | 34.58% | -6.83% | -6.97% |
| EPS (Diluted) | 3.76▲ 0% | 4.93▲ 31.1% | 6.06▲ 22.9% | 5.61▼ 7.4% | 5.69▲ 1.4% | 5.71▲ 0.4% | 8.53▲ 49.4% | 11.48▲ 34.6% | 10.62▼ 7.5% | 10.84▲ 0% |
| EPS Growth % | -6.23% | 31.12% | 22.92% | -7.43% | 1.43% | 0.35% | 49.39% | 34.58% | -7.49% | -7.49% |
| EPS (Basic) | 4.23 | 4.93 | 6.80 | 6.30 | 6.40 | 6.41 | 9.58 | 12.89 | 12.01 | - |
| Diluted Shares Outstanding | 58.44M | 52.7M | 58.42M | 52.69M | 46.19M | 46.19M | 52.68M | 52.69M | 52.69M | 52.69M |
Erie Indemnity Company (ERIE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.67B | 1.78B | 2.02B | 2.12B | 2.24B | 2.24B | 2.47B | 2.89B | 3.36B | 3.38B |
| Asset Growth % | 7.55% | 6.75% | 13.38% | 5% | 5.9% | -0.12% | 10.38% | 16.86% | 16.16% | 62.2% |
| Total Investment Assets | 803.84M | 795.2M | 826.04M | 1.02B | 1.03B | 967.22M | 1.05B | 1.13B | 104.53M | 4M |
| Long-Term Investments | 754.49M | 451.25M | 790.85M | 1B | 995.43M | 942.95M | 963.48M | 1.08B | 70.62M | 1.7B |
| Short-Term Investments | 71.19M | 402.34M | 35.19M | 17.7M | 38.4M | 24.27M | 82.02M | 44.6M | 33.9M | 53.99M |
| Total Current Assets | 760.14M | 1.17B | 891.4M | 0 | 763.73M | 778.8M | 930.19M | 1.15B | 1.2B | 1.16B |
| Cash & Equivalents | 215.72M | 266.42M | 336.74M | 161.24M | 183.7M | 142.09M | 144.06M | 274.84M | 345.87M | 268.62M |
| Receivables | 425.18M | 455.14M | 474.07M | 494.64M | 479.12M | 524.94M | 634.8M | 718.13M | 735.59M | 3.04B |
| Other Current Assets | 0 | 8.16M | 7.18M | -726.13M | 6.3M | 87.5M | 67.79M | 23.56M | 83.81M | 95.05M |
| Goodwill & Intangibles | 846.3M | 883.58M | 0 | 0 | 0 | 42.78M | -49.53M | 0 | 0 | 4.32M |
| Goodwill | 40.69M | 42.45M | 0 | 0 | 0 | 42.78M | 38.64M | 0 | 0 | 0 |
| Intangible Assets | 805.61M | 841.12M | 0 | 0 | 0 | 0 | -88.17M | 0 | 0 | 0 |
| PP&E (Net) | 83.15M | 130.83M | 243.78M | 265.34M | 374.8M | 413.87M | 442.61M | 513.49M | 571.48M | 579.65M |
| Other Assets | -796.96M | -856.28M | 90.21M | -1.27B | 108.09M | 18.28M | 185.22M | 147.64M | 1.51B | 1.57B |
| Total Liabilities | 808.51M | 804.65M | 882.99M | 929.07M | 899.58M | 791.05M | 809.13M | 901.36M | 1.07B | 1.02B |
| Total Debt | 74.73M | 99.73M | 119.78M | 95.86M | 93.83M | 122.5M | 0 | 7.51M | 0 | 0 |
| Net Debt | -140.99M | -166.69M | -216.96M | -65.38M | -89.87M | -19.59M | -144.06M | -267.32M | -345.87M | -268.62M |
| Long-Term Debt | 74.73M | 97.86M | 95.84M | 93.83M | 91.73M | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 1.87M | 1.98M | 2.03M | 2.1M | 0 | 0 | 7.51M | 0 | 0 |
| Total Current Liabilities | 226.82M | 471.3M | 587.71M | 627.67M | 630.86M | 708.49M | 708.98M | 802.51M | 945.59M | 899.91M |
| Accounts Payable | 104.3M | 109.56M | 122.48M | 150.71M | 138.32M | 163.19M | 170.89M | 185.07M | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 36.92M | 34.94M | 36.55M | 41.21M | 0 | 0 | 0 |
| Other Current Liabilities | -226.82M | -471.3M | 80.88M | 17.32M | 12.64M | 55.42M | 59.38M | 106.33M | 945.59M | 899.91M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 65.02M |
| Other Liabilities | -70.77M | -91.68M | 188.77M | 207.57M | 176.98M | 57.42M | -11.09M | 92.43M | 101.73M | 103.27M |
| Total Equity | 857.34M▲ 0% | 973.67M▲ 13.6% | 1.13B▲ 16.4% | 1.19B▲ 4.8% | 1.34B▲ 13.0% | 1.45B▲ 7.9% | 1.66B▲ 14.8% | 1.99B▲ 19.5% | 2.28B▲ 14.9% | 2.35B▲ 0% |
| Equity Growth % | 4.95% | 13.57% | 16.39% | 4.84% | 13% | 7.89% | 14.8% | 19.51% | 14.9% | 66.72% |
| Shareholders Equity | 857.34M | 973.67M | 1.13B | 1.19B | 1.34B | 1.45B | 1.66B | 1.99B | 2.28B | 3.38B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 2.14B | 2.23B | 2.38B | 2.39B | 2.5B | 2.58B | 2.8B | 3.16B | 3.46B | 3.55B |
| Common Stock | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M |
| Accumulated OCI | -146.48M | -118.75M | -104.05M | -60.56M | -3.55M | 15.45M | 9.68M | -24.61M | -27.1M | -64.25M |
| Return on Equity (ROE) | 23.53% | 31.48% | 30.07% | 25.27% | 23.54% | 21.4% | 28.67% | 32.89% | 26.19% | 25.03% |
| Return on Assets (ROA) | 12.26% | 16.74% | 16.7% | 14.19% | 13.67% | 13.32% | 18.94% | 22.4% | 17.92% | 17.34% |
| Equity / Assets | 51.47% | 54.75% | 56.21% | 56.12% | 59.88% | 64.68% | 67.27% | 68.8% | 68.05% | 69.7% |
| Debt / Equity | 0.09x | 0.10x | 0.11x | 0.08x | 0.07x | 0.08x | - | 0.00x | - | 0.00x |
| Book Value per Share | 14.67 | 18.48 | 19.40 | 22.55 | 29.07 | 31.36 | 31.56 | 37.72 | 43.34 | 44.67 |
| Tangible BV per Share | 0.19 | 1.71 | 19.40 | 22.55 | 29.07 | 30.43 | 32.50 | 37.72 | 43.34 | 44.67 |
Erie Indemnity Company (ERIE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 197M | 288.22M | 364.53M | 342.6M | 402.79M | 366.15M | 381.2M | 611.25M | 686.66M | 686.66M |
| Operating CF Growth % | -22.54% | 46.31% | 26.47% | -6.02% | 17.57% | -9.1% | 4.11% | 60.35% | 12.34% | 11.75% |
| Operating CF / Revenue % | 11.64% | 12.1% | 14.71% | 13.51% | 15.29% | 12.89% | 11.66% | 16.11% | 16.88% | 15.87% |
| Net Income | 197M | 288.22M | 316.82M | 293.3M | 297.86M | 298.57M | 446.06M | 600.31M | 559.34M | 571.39M |
| Depreciation & Amortization | 14.83M | 13.37M | 30.77M | 34.3M | 49.1M | 51.72M | 53.59M | 63.91M | 0 | 16.1M |
| Stock-Based Compensation | 0 | 0 | 8.9M | 13.6M | 0 | 0 | 0 | 0 | -94.79M | -150.03M |
| Deferred Taxes | 0 | -1.36M | 3.35M | -5.16M | -1.85M | 9.47M | -1M | 4.03M | 0 | 0 |
| Other Non-Cash Items | 37.73M | 31.61M | -14.19M | -10.85M | -28.26M | 41.04M | 30.98M | 3.9M | 190.82M | 291.62M |
| Working Capital Changes | -52.56M | -43.62M | 18.88M | 17.4M | 85.95M | -34.65M | -148.43M | -60.89M | 31.29M | 177.58M |
| Cash from Investing | -74.66M | -81.4M | -124.63M | -243.22M | -185.49M | -106.92M | -157.56M | -226.91M | -439.33M | -430.29M |
| Capital Expenditures | -28.93M | -56.3M | -102.04M | -55.53M | -148.8M | -67.2M | -92.65M | -124.84M | -115.69M | -123.43M |
| Acquisitions | 0 | 6.01M | 777K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -391.18M | -396.98M | -1.02B | -476.67M | -439.85M | -484.16M | -315.57M | 0 | 0 | -84.93M |
| Sale/Maturity of Investments | 339.3M | 377.27M | 1.01B | 291.59M | 400.17M | 447.28M | 262.56M | 196.64M | 188.57M | 274.76M |
| Other Investing | 6.15M | -11.4M | -6.02M | -2.61M | 3M | -2.84M | -11.91M | -298.71M | -512.21M | -496.7M |
| Cash from Financing | -95.81M | -131.49M | -169.57M | -274.87M | -194.84M | -300.84M | -221.68M | -230M | -199.85M | -221.9M |
| Dividends Paid | -145.76M | -156.47M | -167.65M | -272.9M | -192.8M | -206.77M | -221.68M | -237.51M | -254.28M | -258.81M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.51M | 54.42M | 36.91M |
| Net Change in Cash | 26.65M▲ 0% | 50.7M▲ 90.2% | 70.32M▲ 38.7% | -175.5M▼ 349.6% | 22.46M▲ 112.8% | -41.61M▼ 285.3% | 1.97M▲ 104.7% | 154.34M▲ 7754.6% | 47.48M▼ 69.2% | 8.24M▲ 0% |
| Exchange Rate Effect | 127K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 189.07M | 215.72M | 266.42M | 336.74M | 161.24M | 183.7M | 142.09M | 144.06M | 298.4M | 345.87M |
| Cash at End | 215.72M | 266.42M | 336.74M | 161.24M | 183.7M | 142.09M | 144.06M | 298.4M | 345.87M | 268.62M |
| Free Cash Flow | 168.2M▲ 0% | 207.29M▲ 23.2% | 262.49M▲ 26.6% | 287.07M▲ 9.4% | 253.99M▼ 11.5% | 298.95M▲ 17.7% | 288.56M▼ 3.5% | 486.4M▲ 68.6% | 570.97M▲ 17.4% | 537M▲ 0% |
| FCF Growth % | -26.59% | 23.24% | 26.63% | 9.36% | -11.52% | 17.7% | -3.48% | 68.56% | 17.38% | 5.27% |
| FCF Margin % | 9.94% | 8.7% | 10.6% | 11.32% | 9.64% | 10.53% | 8.83% | 12.82% | 14.04% | 12.41% |
| FCF per Share | 2.88 | 3.93 | 4.49 | 5.45 | 5.5 | 6.47 | 5.48 | 9.23 | 10.84 | 10.84 |
Erie Indemnity Company (ERIE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 82.84% | 85.55% | 85.58% | 86.67% | 87.92% | 86.75% | 84.08% | 82.18% | 82.32% | 83.04% |
| Medical Cost Ratio | 82.84% | 85.55% | 85.58% | 86.67% | 87.92% | 86.75% | 84.08% | 82.18% | 84.25% | 58.49% |
| Return on Equity (ROE) | 23.53% | 31.48% | 30.07% | 25.27% | 23.54% | 21.4% | 28.67% | 32.89% | 26.19% | 25.03% |
| Return on Assets (ROA) | 12.26% | 16.74% | 16.7% | 14.19% | 13.67% | 13.32% | 18.94% | 22.4% | 17.92% | 17.34% |
| Equity / Assets | 51.47% | 54.75% | 56.21% | 56.12% | 59.88% | 64.68% | 67.27% | 68.8% | 68.05% | 69.7% |
| Book Value / Share | 14.67 | 18.48 | 19.4 | 22.55 | 29.07 | 31.36 | 31.56 | 37.72 | 43.34 | 44.67 |
| Debt / Equity | 0.09x | 0.10x | 0.11x | 0.08x | 0.07x | 0.08x | - | 0.00x | - | 0.00x |
| Revenue Growth | 5.96% | 40.81% | 3.99% | 2.39% | 3.84% | 7.83% | 15.1% | 16.1% | 7.17% | 10.85% |
Erie Indemnity Company (ERIE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Feb 23, 2026·SEC
Feb 20, 2026·SEC
Feb 23, 2026·SEC
Erie Indemnity Company (ERIE) stock FAQ — growth, dividends, profitability & financials explained
Erie Indemnity Company (ERIE) grew revenue by 7.2% over the past year. This is steady growth.
Yes, Erie Indemnity Company (ERIE) is profitable, generating $571.4M in net income for fiscal year 2025 (13.8% net margin).
Yes, Erie Indemnity Company (ERIE) pays a dividend with a yield of 2.26%. This makes it attractive for income-focused investors.
Erie Indemnity Company (ERIE) has a return on equity (ROE) of 26.2%. This is excellent, indicating efficient use of shareholder capital.
Erie Indemnity Company (ERIE) has a combined ratio of 82.3%. A ratio below 100% indicates underwriting profitability.
Erie Indemnity Company (ERIE) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates