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ERIEErie Indemnity Company
$221.14$10.2B
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ERIE logoErie Indemnity Company(ERIE)Earnings, Financials & Key Ratios

ERIE•NASDAQ•Insurance & Managed Care
20.8× P/E·Price updated Jun 19, 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%

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 2.2%

✗Weaknesses

  • ✗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.

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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
Metric
Actual
Est
EPS
$2.88-5.9%
$3.06
Rev
$1.0B-7.0%
$1.1B
Q1 2026
Feb 23, 2026
Metric
Actual
Est
EPS
$0.33-120.8%
$1.59
Rev
$951M-2.5%
$976M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$3.50+3.9%
$3.37
Rev
$1.3B+33.7%
$976M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$3.34-4.0%
$3.48
Rev
$1.1B-2.6%
$1.1B
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PGR logoPGRThe Progressive CorporationDirect Competitor120.07B204.8714.2321.36%12.58%30.23%0.27
ALL logoALLThe Allstate CorporationDirect Competitor56.93B221.175.794.64%18.09%42.74%0.24
TRV logoTRVThe Travelers Companies, Inc.Direct Competitor66.56B307.8111.225.17%12.88%19.12%0.28
HIG logoHIGThe Hartford Financial Services Group, Inc.Direct Competitor35.27B128.259.637.1%14.13%22.01%0.23
CNA logoCNACNA Financial CorporationDirect Competitor12.04B44.529.495.1%8.95%11.94%0.26
CINF logoCINFCincinnati Financial CorporationDirect Competitor26.5B170.2011.2211.41%21.34%17.98%0.06
KMPR logoKMPRKemper CorporationProduct Competitor1.47B25.0310.933.62%0.89%1.53%0.38
SIGI logoSIGISelective Insurance Group, Inc.Product Competitor5.55B92.3112.349.78%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
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue
1.69B2.38B2.48B2.54B2.63B2.84B3.27B3.8B4.07B4.33B
Revenue Growth %
5.96%40.81%3.99%2.39%3.84%7.83%15.1%16.1%7.17%10.85%
Medical Costs & Claims
1.4B2.04B2.12B2.2B2.32B2.46B2.75B3.12B3.43B2.53B
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 Expenses
00000000-78.72M1.06B
OpEx / Revenue %
0%0%0%0%0%0%0%0%-1.94%24.55%
Depreciation & Amortization
14.83M13.37M16.81M21.2M37.21M46.17M47.41M56.53M76.78M51.68M
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%-
EBITDA
305.08M357.71M374.15M359.35M355.31M422.38M567.67M732.99M796.3M785.63M
EBITDA Margin %
18.03%15.02%15.1%14.17%13.49%14.87%17.37%19.31%19.58%18.16%
Interest Expense
1.24M2.46M856K731K4.13M2.01M0000
Non-Operating Income
00-1.67M1.64M4.08M-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 Tax
118.7M83.1M79.88M75.21M78.54M77.88M115.88M156.97M151.27M154.79M
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 Outstanding
58.44M52.7M58.42M52.69M46.19M46.19M52.68M52.69M52.69M52.69M

ERIE Balance Sheet

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets
1.67B1.78B2.02B2.12B2.24B2.24B2.47B2.89B3.36B3.38B
Asset Growth %
7.55%6.75%13.38%5%5.9%-0.12%10.38%16.86%16.16%62.2%
Total Investment Assets
803.84M795.2M826.04M1.02B1.03B967.22M1.05B1.13B104.53M4M
Long-Term Investments
754.49M451.25M790.85M1B995.43M942.95M963.48M1.08B70.62M1.7B
Short-Term Investments
71.19M402.34M35.19M17.7M38.4M24.27M82.02M44.6M33.9M53.99M
Total Current Assets
760.14M1.17B891.4M0763.73M778.8M930.19M1.15B1.2B1.16B
Cash & Equivalents
215.72M266.42M336.74M161.24M183.7M142.09M144.06M274.84M345.87M268.62M
Receivables
425.18M455.14M474.07M494.64M479.12M524.94M634.8M718.13M735.59M3.04B
Other Current Assets
08.16M7.18M-726.13M6.3M87.5M67.79M23.56M83.81M95.05M
Goodwill & Intangibles
846.3M883.58M00042.78M-49.53M004.32M
Goodwill
40.69M42.45M00042.78M38.64M000
Intangible Assets
805.61M841.12M0000-88.17M000
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 Liabilities
808.51M804.65M882.99M929.07M899.58M791.05M809.13M901.36M1.07B1.02B
Total Debt
74.73M99.73M119.78M95.86M93.83M122.5M07.51M00
Net Debt
-140.99M-166.69M-216.96M-65.38M-89.87M-19.59M-144.06M-267.32M-345.87M-268.62M
Long-Term Debt
74.73M97.86M95.84M93.83M91.73M00000
Short-Term Debt
01.87M1.98M2.03M2.1M007.51M00
Total Current Liabilities
226.82M471.3M587.71M627.67M630.86M708.49M708.98M802.51M945.59M899.91M
Accounts Payable
104.3M109.56M122.48M150.71M138.32M163.19M170.89M185.07M00
Deferred Revenue
00036.92M34.94M36.55M41.21M000
Other Current Liabilities
-226.82M-471.3M80.88M17.32M12.64M55.42M59.38M106.33M945.59M899.91M
Deferred Taxes
000001000K1000K1000K1000K65.02M
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 Equity
857.34M973.67M1.13B1.19B1.34B1.45B1.66B1.99B2.28B3.38B
Minority Interest
0000000000
Retained Earnings
2.14B2.23B2.38B2.39B2.5B2.58B2.8B3.16B3.46B3.55B
Common Stock
2.17M2.17M2.17M2.17M2.17M2.17M2.17M2.17M2.17M2.17M
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 / Assets
51.47%54.75%56.21%56.12%59.88%64.68%67.27%68.8%68.05%69.7%
Debt / Equity
0.09x0.10x0.11x0.08x0.07x0.08x-0.00x-0.00x
Book Value per Share
14.6718.4819.4022.5529.0731.3631.5637.7243.3444.67
Tangible BV per Share
0.191.7119.4022.5529.0730.4332.5037.7243.3444.67

ERIE Cash Flow Statement

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

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
197M288.22M364.53M342.6M402.79M366.15M381.2M611.25M686.66M660.43M
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%15.26%
Net Income
197M288.22M316.82M293.3M297.86M298.57M446.06M600.31M559.34M571.39M
Depreciation & Amortization
14.83M13.37M30.77M34.3M49.1M51.72M53.59M63.91M016.1M
Stock-Based Compensation
008.9M13.6M0000-94.79M-150.03M
Deferred Taxes
0-1.36M3.35M-5.16M-1.85M9.47M-1M4.03M00
Other Non-Cash Items
37.73M31.61M-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
Acquisitions
06.01M777K0000000
Purchase of Investments
-391.18M-396.98M-1.02B-476.67M-439.85M-484.16M-315.57M00-84.93M
Sale/Maturity of Investments
339.3M377.27M1.01B291.59M400.17M447.28M262.56M196.64M188.57M274.76M
Other Investing
6.15M-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 Repurchases
0000000000
Stock Issued
0000000000
Debt Issuance (Net)
1000K1000K-1000K-1000K-1000K-1000K0000
Other Financing
00000007.51M54.42M36.91M
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 Effect
127K000000000
Cash at Beginning
189.07M215.72M266.42M336.74M161.24M183.7M142.09M144.06M298.4M345.87M
Cash at End
215.72M266.42M336.74M161.24M183.7M142.09M144.06M298.4M345.87M268.62M
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 Share
2.883.934.495.455.56.475.489.2310.8410.19

ERIE Key Ratios

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

Metric201720182019202020212022202320242025TTM
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
14.6718.4819.422.5529.0731.3631.5637.7243.3444.67
Debt / Equity
0.09x0.10x0.11x0.08x0.07x0.08x-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%
Related:ERIE Dividend History·ERIE Revenue History·ERIE Price History·ERIE P/E History·ERIE Financial Ratios·ERIE Institutional Holders

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 2.18%. 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.

What if you invested $1,000 in ERIE back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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