The company maintains a robust capital position with equity expanding to $3.4 billion in 2026Q1, providing a necessary buffer against the volatility of claims liabilities that peaked at $860.9 million in 2025Q2.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 3.38B | 3.36B | 2.89B | 2.47B | 2.24B | 2.24B | 2.12B | 2.02B | 1.78B | 1.67B | 1.55B | 1.41B | 17.76B | 16.68B | 15.44B | 14.35B | 14.34B | 13.29B | 2.61B | 2.91B | 3.04B | 3.1B | 2.98B | 2.75B | 2.36B | 1.98B | 1.68B | 1.52B | 1.45B | 1.29B | 1.15B |
| Asset Growth % | 62.2% | 16.16% | 16.86% | 10.38% | -0.12% | 5.9% | 5% | 13.38% | 6.75% | 7.55% | 10.07% | -92.08% | 6.49% | 8% | 7.62% | 0.03% | 7.96% | 408.42% | -10.31% | -4.13% | -2% | 3.97% | 8.28% | 16.84% | 18.81% | 18.08% | 10.65% | 4.5% | 12.45% | 12.33% | 12.54% |
| Total Investment Assets | 4M | 104.53M | 1.13B | 1.05B | 967.22M | 1.03B | 1.02B | 826.04M | 795.2M | 803.84M | 771.45M | 688.48M | 4.22B | 13.87B | 12.81B | 3.65B | 11.81B | 10.94B | 981.67M | 1.28B | 1.38B | 1.45B | 1.37B | 1.24B | 1.94B | 1.63B | 1.58B | 1.48B | 1.35B | 1.07B | 919.28M |
| Long-Term Investments | 1.7B | 70.62M | 1.08B | 963.48M | 942.95M | 995.43M | 1B | 790.85M | 451.25M | 754.49M | 715.31M | 626.41M | 4.22B | 4.31B | 10.4B | 3.65B | 11.81B | 1.05B | 980.46M | 1.27B | 1.38B | 1.45B | 1.37B | 1.24B | 1.04B | 879.95M | 846.57M | 777.03M | 701.13M | 557.73M | 477.49M |
| Short-Term Investments | 53.99M | 33.9M | 44.6M | 82.02M | 24.27M | 38.4M | 17.7M | 35.19M | 402.34M | 71.19M | 56.14M | 62.07M | 0 | 9.56B | 2.42B | 0 | 0 | 701.75M | 618.71M | 921.68M | 1.09B | 1.24B | 1.18B | 1.07B | 902.15M | 753.67M | 735.99M | 700.9M | 644.16M | 515.11M | 441.79M |
| Total Current Assets | 1.16B | 1.2B | 1.15B | 930.19M | 778.8M | 763.73M | 0 | 891.4M | 1.17B | 760.14M | 654.01M | 635.15M | 514M | 452M | 4.17B | 185M | 1.57B | 2.02B | 2.14B | 2.38B | 2.63B | 2.73B | 2.7B | 2.5B | 2.12B | 2.23B | 1.9B | 1.72B | 1.81B | 1.69B | 605M |
| Cash & Equivalents | 268.62M | 345.87M | 274.84M | 144.06M | 142.09M | 183.7M | 161.24M | 336.74M | 266.42M | 215.72M | 189.07M | 182.89M | 514M | 452M | 400M | 185M | 430M | 76.5M | 61.07M | 31.07M | 60.24M | 31.67M | 50.06M | 87.19M | 85.71M | 88.21M | 38.78M | 24.21M | 53.58M | 53.15M | 18.72M |
| Receivables | 3.04B | 735.59M | 718.13M | 634.8M | 524.94M | 479.12M | 494.64M | 474.07M | 455.14M | 425.18M | 384.88M | 353.55M | 371.67M | 1.34B | 1.06B | 1.14B | 1.14B | 1.12B | 1.35B | 1.31B | 1.36B | 1.33B | 1.3B | 1.19B | 1.01B | 789.75M | 703.99M | 626.82M | 620.55M | 618.92M | 597.15M |
| Other Current Assets | 95.05M | 83.81M | 23.56M | 67.79M | 87.5M | 6.3M | -726.13M | 7.18M | 8.16M | 0 | 5.26M | 11.95M | 0 | 0 | 2.71B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 505.01M | 415.28M | 368.18M | 492.79M | 497.79M | 476.86M |
| Goodwill & Intangibles | 4.32M | 0 | 0 | -49.53M | 42.78M | 0 | 0 | 0 | 883.58M | 846.3M | 751.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 38.64M | 42.78M | 0 | 0 | 0 | 42.45M | 40.69M | 89.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | -88.17M | 0 | 0 | 0 | 0 | 841.12M | 805.61M | 662.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 579.65M | 571.48M | 513.49M | 442.61M | 413.87M | 374.8M | 265.34M | 243.78M | 130.83M | 83.15M | 69.14M | 59.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.58M | 13.87M | 14.38M | 14.63M | 13.86M | 15.26M | 12.39M | 10.13M | 9.84M |
| Other Assets | 1.57B | 1.51B | 147.64M | 185.22M | 18.28M | 108.09M | -1.27B | 90.21M | -856.28M | -796.96M | -695.23M | 86.65M | -4.19B | -4.31B | -10.4B | -3.63B | 2.1B | -1.05B | -980.46M | -1.27B | -1.38B | -1.45B | -1.38B | -1.25B | 0 | 111.98M | 89.18M | 86.58M | 77.48M | 65.69M | 58.31M |
| Total Liabilities | 1.02B | 1.07B | 901.36M | 809.13M | 791.05M | 899.58M | 929.07M | 882.99M | 804.65M | 808.51M | 732.04M | 637.79M | 9.78B | 9.13B | 8.65B | 8.05B | 8.01B | 1.76B | 1.82B | 1.86B | 1.88B | 1.82B | 1.72B | 1.59B | 1.37B | 1.07B | 901.58M | 820.27M | 798.21M | 753.16M | 714.88M |
| Total Debt | 0 | 0 | 7.51M | 0 | 122.5M | 93.83M | 95.86M | 119.78M | 99.73M | 74.73M | 24.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -268.62M | -345.87M | -267.32M | -144.06M | -19.59M | -89.87M | -65.38M | -216.96M | -166.69M | -140.99M | -164.31M | -182.89M | -514M | -452M | 0 | -185M | -430M | -76.5M | -61.07M | -31.07M | -60.24M | -31.67M | -50.06M | -87.19M | -85.71M | -137.02M | -38.78M | -24.21M | -53.58M | -53.15M | -18.72M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 91.73M | 93.83M | 95.84M | 97.86M | 74.73M | 24.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 7.51M | 0 | 0 | 2.1M | 2.03M | 1.98M | 1.87M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 899.91M | 945.59M | 802.51M | 708.98M | 708.49M | 630.86M | 627.67M | 587.71M | 471.3M | 226.82M | 200.64M | 445.7M | 0 | 0 | 0 | 0 | 26M | 277.61M | 177.54M | 281.63M | 281.62M | 257.52M | 257.14M | 46.32M | 39.14M | 1.06B | 0 | 808M | 781M | 746M | 0 |
| Accounts Payable | 0 | 0 | 185.07M | 170.89M | 163.19M | 138.32M | 150.71M | 122.48M | 109.56M | 104.3M | 85.86M | 88.14M | 0 | 0 | 0 | 0 | 0 | 58.64M | 51.33M | 41.06M | 41.72M | 34.88M | 33.02M | 46.32M | 39.14M | 46.16M | 30.48M | 24.19M | 20.25M | 17.04M | 20.33M |
| Deferred Revenue | 0 | 0 | 0 | 41.21M | 36.55M | 34.94M | 36.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 899.91M | 945.59M | 106.33M | 59.38M | 55.42M | 12.64M | 17.32M | 80.88M | -471.3M | -226.82M | -200.64M | 34M | -257.48M | 0 | 0 | 0 | 0 | -277.61M | -104.52M | -281.63M | -281.62M | -257.52M | -257.14M | -213.18M | -164.53M | -188.12M | -152.69M | -139.04M | -125.87M | -105.45M | -109.48M |
| Deferred Taxes | 65.02M | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 103.27M | 101.73M | 92.43M | -11.09M | 57.42M | 176.98M | 207.57M | 188.77M | -91.68M | -70.77M | -22.92M | 371.54M | 9.29B | -450M | 0 | 0 | 7.73B | 0 | 0 | 0 | -8.34M | -6.54M | -24.12M | -27.52M | 0 | -12.95M | -7.16M | -11.8M | -121.78K | -101.37K | -2.04M |
| Total Equity | 2.35B | 2.28B | 1.99B | 1.66B | 1.45B | 1.34B | 1.19B | 1.13B | 973.67M | 857.34M | 816.91M | 769.5M | 7.98B | 7.55B | 6.79B | 6.29B | 6.33B | 5.72B | 791.88M | 1.05B | 1.16B | 1.28B | 1.27B | 1.16B | 987.37M | 865.25M | 779.01M | 697.6M | 655.22M | 539.38M | 435.76M |
| Equity Growth % | 66.72% | 14.9% | 19.51% | 14.8% | 7.89% | 13% | 4.84% | 16.39% | 13.57% | 4.95% | 6.16% | -90.36% | 5.74% | 11.18% | 7.91% | -0.65% | 10.64% | 622.97% | -24.68% | -9.52% | -9.13% | 0.93% | 8.82% | 17.91% | 14.11% | 11.07% | 11.67% | 6.47% | 21.48% | 23.78% | 23.07% |
| Shareholders Equity | 3.38B | 2.28B | 1.99B | 1.66B | 1.45B | 1.34B | 1.19B | 1.13B | 973.67M | 857.34M | 816.91M | 769.5M | 703M | 734M | 642M | 781M | 912M | 902M | 791.88M | 1.05B | 1.16B | 1.28B | 1.27B | 1.16B | 987.37M | 865.25M | 779.01M | 697.6M | 655.22M | 539.38M | 435.76M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.28B | 6.82B | 6.15B | 5.51B | 5.42B | 4.82B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 3.55B | 3.46B | 3.16B | 2.8B | 2.58B | 2.5B | 2.39B | 2.38B | 2.23B | 2.14B | 2.07B | 1.99B | 1.95B | 1.9B | 1.85B | 1.89B | 1.83B | 1.75B | 1.73B | 1.74B | 1.62B | 1.5B | 1.35B | 1.19B | 1.04B | 913.41M | 831.55M | 715.35M | 605.04M | 500.36M | 408.27M |
| Common Stock | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2M | 2M | 2M | 2M | 2M | 2.17M | 0 | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M | 2.17M |
| Accumulated OCI | -64.25M | -27.1M | -24.61M | 9.68M | 15.45M | -3.55M | -60.56M | -104.05M | -118.75M | -146.48M | -111.63M | -87.85M | -118M | -59M | -133M | -105M | -53M | 0 | -135.85M | 10.05M | 5.42M | 21.68M | 58.61M | 66.4M | 38.69M | 35.22M | 23.18M | 26.58M | 40.18M | 29.02M | 17.49M |
| Return on Equity (ROE) | 25.03% | 26.19% | 32.89% | 28.67% | 21.4% | 23.54% | 25.27% | 30.07% | 31.48% | 23.53% | 26.52% | 3.99% | 2.16% | 2.27% | 2.45% | 2.68% | 2.69% | 3.31% | 7.49% | 19.24% | 16.72% | 18.16% | 18.63% | 18.57% | 18.58% | 14.87% | 20.64% | 21.16% | 22.53% | 24.32% | 26.62% |
| Return on Assets (ROA) | 17.34% | 17.92% | 22.4% | 18.94% | 13.32% | 13.67% | 14.19% | 16.7% | 16.74% | 12.26% | 14.23% | 1.82% | 0.97% | 1.01% | 1.07% | 1.18% | 1.17% | 1.36% | 2.5% | 7.15% | 6.65% | 7.6% | 7.89% | 7.81% | 7.93% | 6.67% | 9.53% | 9.63% | 9.8% | 9.71% | 9.68% |
| Equity / Assets | 69.7% | 68.05% | 68.8% | 67.27% | 64.68% | 59.88% | 56.12% | 56.21% | 54.75% | 51.47% | 52.74% | 54.68% | 44.95% | 45.27% | 43.98% | 43.86% | 44.16% | 43.09% | 30.3% | 36.08% | 38.23% | 41.23% | 42.47% | 42.26% | 41.88% | 43.6% | 46.35% | 45.93% | 45.08% | 41.73% | 37.87% |
| Debt / Equity | 0.00x | - | 0.00x | - | 0.08x | 0.07x | 0.08x | 0.11x | 0.10x | 0.09x | 0.03x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Book Value per Share | 44.67 | 43.34 | 37.72 | 31.56 | 31.36 | 29.07 | 22.55 | 19.40 | 18.48 | 14.67 | 13.96 | 13.13 | 135.96 | 128.06 | 113.84 | 102.88 | 100.55 | 90.09 | 12.36 | 15.40 | 17.80 | 18.45 | 16.37 | 16.38 | 13.87 | 12.13 | 10.83 | 9.48 | 8.79 | 7.23 | 5.84 |
| Tangible BV per Share | 44.67 | 43.34 | 37.72 | 32.50 | 30.43 | 29.07 | 22.55 | 19.40 | 1.71 | 0.19 | 1.12 | 13.13 | 135.96 | 128.06 | 113.84 | 102.88 | 100.55 | 90.09 | 12.36 | 15.40 | 17.80 | 18.45 | 16.37 | 16.38 | 13.87 | 12.13 | 10.83 | 9.48 | 8.79 | 7.23 | 5.84 |
Exchange Surplus Dependency
As reported in recent financial statements, ERIE's total assets have grown from $2.5 billion in 2023Q4 to $3.4 billion in 2026Q1, suggesting that the company is successfully scaling its balance sheet in tandem with the underlying premium volume generated by the Erie Insurance Exchange.
The consistent upward trajectory in total assets appears to be a direct result of the company's fee-based model capturing a larger share of the Exchange's gross written premiums. Investors should monitor whether this asset growth is sustainable or if it remains tethered to the cyclical nature of regional insurance market pricing.
Based on quarterly filings, claims and loss liabilities have fluctuated significantly, reaching a peak of $860.9 million in 2025Q2, which highlights the inherent sensitivity of the company's balance sheet to the underwriting performance of the reciprocal exchange it manages.
While ERIE acts as the attorney-in-fact, the volatility in these loss figures suggests that the company's operational stability is indirectly exposed to the Exchange's claims experience. This relationship implies that any adverse development in the Exchange's loss reserves could necessitate a strategic shift in management fee structures.
According to historical balance sheet data, equity has expanded from $1.7 billion in 2023Q4 to $3.4 billion in 2026Q1, indicating a robust capital position that provides a significant buffer against potential operational disruptions within the reciprocal insurance exchange model.
The strengthening equity base appears to provide management with the flexibility to maintain consistent dividend distributions despite the inherent volatility of the insurance sector. This capital accumulation suggests a conservative approach to balance sheet management that prioritizes long-term solvency over aggressive capital deployment.
As evidenced by the divergence between net income and cash flow, ERIE's balance sheet is uniquely vulnerable to the Exchange's surplus health, as any material deterioration in the Exchange's underwriting results could force a reduction in management fees to preserve the reciprocal pool's capital.
The company's reliance on the Exchange's surplus creates a non-obvious risk where ERIE's own financial health is essentially a derivative of the Exchange's underwriting discipline. Investors should remain cautious, as the lack of direct control over the Exchange's loss outcomes may limit the company's ability to protect its margins during periods of high catastrophe frequency.
Quick answers to the most common questions about buying ERIE stock.
As of 2025, Erie Indemnity Company (ERIE) had total assets of $3.36B including $1.20B in current assets.
Erie Indemnity Company (ERIE) carries total debt of $0.0M, offset by $379.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Erie Indemnity Company (ERIE) has total shareholders' equity (book value) of $2.28B ($43.34 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Erie Indemnity Company (ERIE) reported a current ratio of 1.27x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.