A Business at a Glance
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Erie Indemnity Company ("Indemnity", "we", "us", "our") is a publicly held Pennsylvania business corporation that has since its incorporation in 1925 served as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange ("Exchange"). The Exchange, which also commenced business in 1925, is a Pennsylvania-domiciled reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty insurance subsidiaries including: Erie Insurance Company, Erie Insurance Company of New York, Erie Insurance Property & Casualty Company and Flagship City Insurance Company, and a wholly owned life insurance company, Erie Family Life Insurance Company ("EFL"). Our primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Management fee revenue | — | $2.15B | $2.51B | $2.96B | $3.21B | 39% |
Cost of operations - policy issuance and renewal services | — | — | $2.44B | $2.89B | $3.13B | 38% |
Administrative services | $697M | $727M | $801M | $875M | $911M | 11% |
Administrative services reimbursement revenue | $638M | $668M | $737M | $806M | $837M | 10% |
Management fee revenue - administrative services | $58M | $58M | $64M | $68M | $74M | 1% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.1B | 4.1B | 3.8B | 3.3B | 2.8B | 2.6B |
| Net Income | 0 | - | - | - | - | - |
| EPS | $1,801.00 | $1,801.00 | $1,933.00 | $1,437.00 | $962.00 | $959.00 |
| Free Cash Flow | 571M | 571M | 486M | 289M | 299M | 254M |
| ROIC | 0.0% | - | - | - | - | - |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.47 | 0.45 | 0.49 | 0.00 | 0.07 |
| Dividends/Share | $5.51 | $5.51 | $5.14 | $4.80 | $4.48 | $4.17 |
| Operating Income | 717M | 717M | 676M | 520M | 376M | 318M |
| Operating Margin | 17.6% | 17.6% | 17.8% | 15.9% | 13.2% | 12.1% |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 46M | 46M | 46M | 46M | 46M | 46M |
ERIE INDEMNITY CO passes 3 of 9 quality checks, indicating weak fundamentals.
ERIE INDEMNITY CO trades at 0.1x trailing earnings, compared to its 15-year median P/E of 0.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 21.1x vs a median of 30.4x. Total shareholder yield (dividends) is 2.1%. At current prices, the estimated annualized return to fair value is +11.8%.
ERIE INDEMNITY CO (ERIE) has a current P/E ratio of 0.1, compared to its historical median P/E of 0.2. The stock is currently considered Fair based on its historical valuation range.
ERIE INDEMNITY CO (ERIE) has a market capitalization of $12.1B. It is classified as a large-cap stock.
Yes, ERIE INDEMNITY CO (ERIE) pays a dividend with a trailing twelve-month yield of 2.11%.
Based on historical P/E analysis, ERIE INDEMNITY CO (ERIE) appears fair. The current P/E of 0.1 is 17% below its historical median of 0.2. The estimated fair value CAGR (P/E method) is 12.2%.
ERIE INDEMNITY CO (ERIE) operates in the Insurance Agents, Brokers & Service industry, within the Financials sector.
ERIE INDEMNITY CO (ERIE) reported annual revenue of $4.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
ERIE INDEMNITY CO (ERIE) generated $571 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ERIE INDEMNITY CO (ERIE) has a debt-to-equity ratio of 0.47. This indicates a conservatively financed balance sheet.
ERIE INDEMNITY CO (ERIE) reported earnings per share (EPS) of $1801.00 in its most recent fiscal year.
The Ledger Terminal provides 18 years of financial data for ERIE INDEMNITY CO (ERIE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ERIE INDEMNITY CO (ERIE) has a book value per share of $49.44, based on its most recent annual SEC filing.
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