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ERIE logoErie Indemnity Company(ERIE)Earnings, Financials & Key Ratios

ERIE•NASDAQ•Insurance & Managed Care
$213.56
$9.86B mkt cap·20.1× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryInsurance BrokersSub-IndustryProgram administrators and MGAs
AboutErie 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, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.Show more
  • Revenue$4.07B+7.2%
  • Combined Ratio82.32%+0.2%
  • Net Income$559M-6.8%
  • Return on Equity26.19%-20.4%
  • Medical Cost Ratio84.25%+2.5%
  • Operating Margin17.69%-0.8%
  • Net Margin13.75%-13.1%
  • ROA17.92%-20.0%
  • Equity / Assets68.05%-1.1%
  • Book Value per Share43.34+14.9%
  • Tangible BV/Share43.34+14.9%
Analysis→Technical→

ERIE Key Insights

Erie Indemnity Company (ERIE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 82.3% combined ratio
  • ✓Excellent 3Y average ROE of 29.3%
  • ✓Healthy dividend yield of 2.3%

✗Weaknesses

  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗High loss ratio of 84.3%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ERIE Price & Volume

Erie Indemnity Company (ERIE) stock price & volume — 10-year historical chart

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ERIE Growth Metrics

Erie Indemnity Company (ERIE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years10.45%
5 Years9.9%
3 Years12.72%
TTM10.85%

Profit CAGR

10 Years12.34%
5 Years13.78%
3 Years23.28%
TTM-6.97%

EPS CAGR

10 Years12.3%
5 Years13.61%
3 Years22.98%
TTM-7.49%

Return on Capital

10 Years26.38%
5 Years28.64%
3 Years32.91%
Last Year32.01%

ERIE Recent Earnings

Erie Indemnity Company (ERIE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 23, 2026
EPS
$2.88
Est $3.06
-5.9%
Revenue
$1.0B
Est $1.1B
-7.0%
Q1 2026
Feb 23, 2026
EPS
$0.33
Est $1.59
-120.8%
Revenue
$951M
Est $976M
-2.5%
Q4 2025
Oct 30, 2025
EPS
$3.50
Est $3.37
+3.9%
Revenue
$1.3B
Est $976M
+33.7%
Q3 2025
Aug 7, 2025
EPS
$3.34
Est $3.48
-4.0%
Revenue
$1.1B
Est $1.1B
-2.6%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$2.88vs $3.06-5.9%
$1.0Bvs $1.1B-7.0%
Q1 2026Feb 23, 2026
$0.33vs $1.59-120.8%
$951Mvs $976M-2.5%
Q4 2025Oct 30, 2025
$3.50vs $3.37+3.9%
$1.3Bvs $976M+33.7%
Q3 2025Aug 7, 2025
$3.34vs $3.48-4.0%
$1.1Bvs $1.1B-2.6%
Based on last 12 quarters of dataView full earnings history →

ERIE Peer Comparison

Erie Indemnity Company (ERIE) competitors in Program administrators and MGAs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PGR logoPGRThe Progressive CorporationDirect Competitor115.34B196.8013.6721.36%12.58%30.23%0.27
ALL logoALLThe Allstate CorporationDirect Competitor56.1B217.925.714.64%18.09%42.74%0.24
TRV logoTRVThe Travelers Companies, Inc.Direct Competitor65.22B301.5910.995.17%12.88%19.12%0.28
HIG logoHIGThe Hartford Financial Services Group, Inc.Direct Competitor36.71B133.4910.027.1%14.13%22.01%0.23
CNA logoCNACNA Financial CorporationDirect Competitor11.75B43.439.265.1%8.95%11.94%0.26
CINF logoCINFCincinnati Financial CorporationDirect Competitor24.98B160.4310.5811.41%21.34%17.98%0.06
KMPR logoKMPRKemper CorporationProduct Competitor1.92B32.7414.303.62%0.83%1.43%0.38
SIGI logoSIGISelective Insurance Group, Inc.Product Competitor4.99B83.0011.109.78%8.39%12.93%0.25

Compare ERIE vs Peers

Erie Indemnity Company (ERIE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PGR

Most directly comparable listed peer for ERIE.

Scale Benchmark

vs MMC

Larger-name benchmark to compare ERIE against a more recognizable public peer.

Peer Set

Compare Top 5

vs PGR, ALL, TRV, HIG

ERIE Income Statement

Erie Indemnity Company (ERIE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue1.69B2.38B2.48B2.54B2.63B2.84B3.27B3.8B4.07B4.33B
Revenue Growth %5.96%40.81%3.99%2.39%3.84%7.83%15.1%16.1%7.17%10.85%
Medical Costs & Claims1.4B2.04B2.12B2.2B2.32B2.46B2.75B3.12B3.43B2.53B
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 Expenses00000000-78.72M1.06B
OpEx / Revenue %0%0%0%0%0%0%0%0%-1.94%24.55%
Depreciation & Amortization14.83M13.37M16.81M21.2M37.21M46.17M47.41M56.53M76.78M51.68M
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%-
EBITDA305.08M357.71M374.15M359.35M355.31M422.38M567.67M732.99M796.3M785.63M
EBITDA Margin %18.03%15.02%15.1%14.17%13.49%14.87%17.37%19.31%19.58%18.16%
Interest Expense1.24M2.46M856K731K4.13M2.01M0000
Non-Operating Income00-1.67M1.64M4.08M-6.03M-32.56M-33.35M8.92M69.76M
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 Tax118.7M83.1M79.88M75.21M78.54M77.88M115.88M156.97M151.27M154.79M
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)4.234.936.806.306.406.419.5812.8912.01-
Diluted Shares Outstanding58.44M52.7M58.42M52.69M46.19M46.19M52.68M52.69M52.69M52.69M

ERIE Balance Sheet

Erie Indemnity Company (ERIE) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets1.67B1.78B2.02B2.12B2.24B2.24B2.47B2.89B3.36B3.38B
Asset Growth %7.55%6.75%13.38%5%5.9%-0.12%10.38%16.86%16.16%62.2%
Total Investment Assets803.84M795.2M826.04M1.02B1.03B967.22M1.05B1.13B104.53M4M
Long-Term Investments754.49M451.25M790.85M1B995.43M942.95M963.48M1.08B70.62M1.7B
Short-Term Investments71.19M402.34M35.19M17.7M38.4M24.27M82.02M44.6M33.9M53.99M
Total Current Assets760.14M1.17B891.4M0763.73M778.8M930.19M1.15B1.2B1.16B
Cash & Equivalents215.72M266.42M336.74M161.24M183.7M142.09M144.06M274.84M345.87M268.62M
Receivables425.18M455.14M474.07M494.64M479.12M524.94M634.8M718.13M735.59M3.04B
Other Current Assets08.16M7.18M-726.13M6.3M87.5M67.79M23.56M83.81M95.05M
Goodwill & Intangibles846.3M883.58M00042.78M-49.53M004.32M
Goodwill40.69M42.45M00042.78M38.64M000
Intangible Assets805.61M841.12M0000-88.17M000
PP&E (Net)83.15M130.83M243.78M265.34M374.8M413.87M442.61M513.49M571.48M579.65M
Other Assets-796.96M-856.28M90.21M-1.27B108.09M18.28M185.22M147.64M1.51B1.57B
Total Liabilities808.51M804.65M882.99M929.07M899.58M791.05M809.13M901.36M1.07B1.02B
Total Debt74.73M99.73M119.78M95.86M93.83M122.5M07.51M00
Net Debt-140.99M-166.69M-216.96M-65.38M-89.87M-19.59M-144.06M-267.32M-345.87M-268.62M
Long-Term Debt74.73M97.86M95.84M93.83M91.73M00000
Short-Term Debt01.87M1.98M2.03M2.1M007.51M00
Total Current Liabilities226.82M471.3M587.71M627.67M630.86M708.49M708.98M802.51M945.59M899.91M
Accounts Payable104.3M109.56M122.48M150.71M138.32M163.19M170.89M185.07M00
Deferred Revenue00036.92M34.94M36.55M41.21M000
Other Current Liabilities-226.82M-471.3M80.88M17.32M12.64M55.42M59.38M106.33M945.59M899.91M
Deferred Taxes000001000K1000K1000K1000K65.02M
Other Liabilities-70.77M-91.68M188.77M207.57M176.98M57.42M-11.09M92.43M101.73M103.27M
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 Equity857.34M973.67M1.13B1.19B1.34B1.45B1.66B1.99B2.28B3.38B
Minority Interest0000000000
Retained Earnings2.14B2.23B2.38B2.39B2.5B2.58B2.8B3.16B3.46B3.55B
Common Stock2.17M2.17M2.17M2.17M2.17M2.17M2.17M2.17M2.17M2.17M
Accumulated OCI-146.48M-118.75M-104.05M-60.56M-3.55M15.45M9.68M-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 / Assets51.47%54.75%56.21%56.12%59.88%64.68%67.27%68.8%68.05%69.7%
Debt / Equity0.09x0.10x0.11x0.08x0.07x0.08x-0.00x-0.00x
Book Value per Share14.6718.4819.4022.5529.0731.3631.5637.7243.3444.67
Tangible BV per Share0.191.7119.4022.5529.0730.4332.5037.7243.3444.67

ERIE Cash Flow Statement

Erie Indemnity Company (ERIE) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations197M288.22M364.53M342.6M402.79M366.15M381.2M611.25M686.66M686.66M
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 Income197M288.22M316.82M293.3M297.86M298.57M446.06M600.31M559.34M571.39M
Depreciation & Amortization14.83M13.37M30.77M34.3M49.1M51.72M53.59M63.91M016.1M
Stock-Based Compensation008.9M13.6M0000-94.79M-150.03M
Deferred Taxes0-1.36M3.35M-5.16M-1.85M9.47M-1M4.03M00
Other Non-Cash Items37.73M31.61M-14.19M-10.85M-28.26M41.04M30.98M3.9M190.82M291.62M
Working Capital Changes-52.56M-43.62M18.88M17.4M85.95M-34.65M-148.43M-60.89M31.29M177.58M
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
Acquisitions06.01M777K0000000
Purchase of Investments-391.18M-396.98M-1.02B-476.67M-439.85M-484.16M-315.57M00-84.93M
Sale/Maturity of Investments339.3M377.27M1.01B291.59M400.17M447.28M262.56M196.64M188.57M274.76M
Other Investing6.15M-11.4M-6.02M-2.61M3M-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 Repurchases0000000000
Stock Issued0000000000
Debt Issuance (Net)1000K1000K-1000K-1000K-1000K-1000K0000
Other Financing00000007.51M54.42M36.91M
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 Effect127K000000000
Cash at Beginning189.07M215.72M266.42M336.74M161.24M183.7M142.09M144.06M298.4M345.87M
Cash at End215.72M266.42M336.74M161.24M183.7M142.09M144.06M298.4M345.87M268.62M
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 Share2.883.934.495.455.56.475.489.2310.8410.84

ERIE Key Ratios

Erie Indemnity Company (ERIE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio82.84%85.55%85.58%86.67%87.92%86.75%84.08%82.18%82.32%83.04%
Medical Cost Ratio82.84%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 / Assets51.47%54.75%56.21%56.12%59.88%64.68%67.27%68.8%68.05%69.7%
Book Value / Share14.6718.4819.422.5529.0731.3631.5637.7243.3444.67
Debt / Equity0.09x0.10x0.11x0.08x0.07x0.08x-0.00x-0.00x
Revenue Growth5.96%40.81%3.99%2.39%3.84%7.83%15.1%16.1%7.17%10.85%

ERIE SEC Filings & Documents

Erie Indemnity Company (ERIE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Feb 20, 2026·SEC

10-K Annual Reports

1
FY 2026

Feb 23, 2026·SEC

10-Q Quarterly Reports

4
FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Aug 7, 2025·SEC

ERIE Frequently Asked Questions

Erie Indemnity Company (ERIE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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).

Dividend & Returns

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.

Industry Metrics

Erie Indemnity Company (ERIE) has a combined ratio of 82.3%. A ratio below 100% indicates underwriting profitability.

Explore More ERIE

Erie Indemnity Company (ERIE) financial analysis — history, returns, DCA and operating performance tools

Full ERIE Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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