Erie Indemnity Company ERIE SPX

Financial Services · Insurance Brokers · United States

https://www.erieinsurance.com

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation and sales and advertising support services; underwriting services that include underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. The company was incorporated in 1925 and is based in Erie, Pennsylvania.

Market & Price

Market Cap

$11.14B

Current Price

$213.07

High / Low (52W)

$364.60 / $210.65

Beta

0.32

Valuation

Stock P/E

19.53

Industry PE

12.01

Forward P/E

15.21

PEG Ratio

2.67

Book Value

$45.01

Price to Book

4.73

P/S

2.72

EV/EBITDA

13.19

Dividend Yield

2.74%

Profitability & Returns

ROCE

ROE

25.85%

ROA

14.84%

Profit Margin

13.97%

Op Margin

16.88%

EPS (Latest Qtr)

$2.88

EPS (TTM)

$10.91

Balance Sheet & Liquidity

Debt/Equity

2.11

Quick Ratio

1.16

Current Ratio

1.29

Debt

$49.62M

Total Assets

$3.36B

Current Assets

Working Capital

Ownership

Promoter Holding

45.46%

Chg in Prom Hold

FII / Inst Holding

44.52%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$10.91B

Total Revenue (TTM)

$4.09B

EBITDA

$826.96M

Free Cash Flow

$447.47M

Operating Cash Flow

$660.43M

Shares Outstanding

46.19M

Gross Margin

17.91%

Payout Ratio

51.79%

Growth (CAGR)

Revenue 5Y

13.32%

Profit 5Y

23.28%

Revenue (YoY)

2.30%

Earnings (YoY)

8.70%

PROS

Strong return on equity of 25.9%.
Compounding revenue at 13.3% over 5 years.
Profit CAGR of 23.3% over 5 years.
Attractive dividend yield of 2.74%.
Generates positive free cash flow.

CONS

Trading 41.6% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	ERIE Erie Indemnity Company SPX	213.07	19.53	$11.14B	2.74%	-	25.85%	13.32%	23.28%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	399.32M	448.56M	442.49M	401.40M	572.16M	621.46M	612.13M	576.47M	594.11M	647.71M	638.74M	596.74M	616.74M	657.02M	653.48M	630.18M	680.03M	687.84M	672.11M	726.14M	741.24M	752.47M	839.87M	858.94M	880.70M	990.44M	999.89M	1.22B	1.29B	1.30B	333.53M	1.23B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	52.43M	69.98M	68.29M	-	67.67M	85.76M	82.25M	-	66.94M	83.45M	81.24M	-	77.57M	95.32M	96.69M	-	86.12M	96.61M	105.91M	-	85.69M	91.19M	96.22M	76.09M	85.06M	95.10M	84.31M	104.00M	106.47M	110.54M	134.16M	148.47M	138.81M	190.21M	180.12M	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	174.75M	220.75M	232.76M	82.35M	190.33M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36.33M	46.06M	49.91M	18.97M	39.85M
Net Income	38.83M	56.15M	49.56M	30.13M	45.90M	61.31M	57.38M	45.79M	47.88M	58.53M	58.54M	32.05M	65.76M	79.71M	80.45M	62.31M	75.31M	87.75M	94.17M	59.59M	59.33M	81.98M	89.22M	73.57M	79.03M	90.22M	68.62M	80.15M	84.31M	86.24M	117.85M	131.04M	124.55M	163.90M	159.83M	138.42M	174.69M	182.85M	63.38M	150.47M
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.65	3.34	3.50	1.21	2.88

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	1.60B	1.69B	2.38B	2.48B	2.54B	-	2.85B	3.31B	3.86B	4.15B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	209.34M	222.85M	232.54M	293.52M	290.25M	344.34M	357.34M	338.16M	380.54M	378.46M	561.94M	757.28M	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	4.13M	2.01M	0	0	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	376.45M	561.94M	757.28M	710.60M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77.88M	115.88M	156.97M	151.27M
Net Income	69.00M	108.00M	162.00M	169.00M	160.00M	162.61M	167.50M	174.68M	210.37M	197.00M	288.22M	316.82M	293.30M	-	298.57M	446.06M	600.31M	559.34M
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.71	8.53	11.48	10.69

Compounded Sales Growth

5 Years:	13.32%
1 Year:	2.30%

Compounded Profit Growth

5 Years:	23.28%
1 Year:	8.70%

Stock Price Performance

1 Year:	-39.41%
6 Months:	-27.13%
3 Months:	-20.46%
1 Month:	-3.03%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	13.29B	14.34B	14.35B	15.44B	16.68B	1.32B	1.41B	1.55B	1.67B	1.78B	2.02B	2.12B	-	2.24B	2.47B	2.89B	3.36B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	123.00M	277.00M	234.00M	430.00M	185.00M	11.61M	49.05M	91.75M	182.89M	189.07M	215.72M	266.42M	-	-	-	130.16M	131.51M	274.84M	315.69M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	479.12M	524.94M	-	-	-
Total Liabilities	-	-	7.56B	8.01B	8.05B	8.65B	9.13B	616.06M	637.79M	732.04M	808.51M	804.65M	882.99M	929.07M	-	791.05M	809.13M	901.36M	1.07B
Current Liabilities	-	-	-	-	-	-	-	400.15M	445.70M	469.60M	509.91M	547.07M	587.71M	627.67M	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	24.77M	74.73M	97.86M	95.84M	93.83M	91.73M	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93.83M	0	-	-	-
Total Equity	-	-	-	912.00M	781.00M	641.87M	733.98M	703.13M	769.50M	816.91M	857.34M	973.67M	1.13B	1.19B	-	1.45B	1.66B	1.99B	2.28B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	74.40M	74.40M	74.40M	74.40M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	720.00M	889.00M	721.00M	-	-	-	-	217.38M	254.34M	197.13M	263.58M	364.53M	342.60M	-	366.15M	381.20M	611.25M	686.66M
Investing Cash Flow	-425.00M	-890.00M	-405.00M	-	-	-	-	622.00K	-136.94M	-74.66M	-81.40M	-124.63M	-243.22M	-	-106.92M	-157.56M	-226.91M	-439.33M
Financing Cash Flow	-141.00M	-42.00M	-120.00M	-	-	-	-	-126.86M	-111.21M	-95.81M	-131.49M	-169.57M	-274.87M	-	-300.84M	-221.68M	-230.00M	-199.85M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-67.20M	-92.65M	-124.84M	-115.69M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	298.95M	288.56M	486.40M	570.97M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41.61M	1.97M	154.34M	47.48M
Share Buybacks	102.00M	3.00M	57.00M	155.00M	70.00M	31.72M	19.69M	0	0	-	-	-	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	18.4%	17.2%	14.5%	14.4%	13.3%	-	13.3%	17.0%	19.6%	-
Net Margin %	-	-	-	-	-	-	-	-	13.2%	11.6%	12.1%	12.8%	11.6%	-	10.5%	13.5%	15.5%	13.5%
ROE %	-	-	17.8%	21.6%	24.9%	22.2%	23.8%	22.7%	25.8%	23.0%	29.6%	28.0%	24.7%	-	20.6%	26.8%	30.2%	24.5%
ROCE %	-	-	-	-	-	-	24.2%	24.2%	27.2%	25.1%	28.0%	25.0%	22.7%	-	-	-	-	-

Shareholding Pattern

Insiders

45.46%

Institutions

44.52%

Public Float

81.64%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	PNC Financial Services Group, Inc.	10.63%	4.91M	$1.05B
2	Vanguard Capital Management LLC	3.53%	1.63M	$347.45M
3	Blackrock Inc.	3.42%	1.58M	$336.90M
4	State Street Corporation	2.99%	1.38M	$294.68M
5	Vanguard Portfolio Management LLC	2.39%	1.11M	$235.63M
6	Invesco Ltd.	2.16%	996.55K	$212.33M
7	Geode Capital Management, LLC	1.87%	862.02K	$183.67M
8	Charles Schwab Investment Management, Inc.	1.65%	763.99K	$162.78M
9	ProShare Advisors, LLC	1.29%	597.97K	$127.41M
10	Bank of America Corporation	1.04%	479.78K	$102.23M

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ERIE · Financial Services