Skip to content
stoqly

Erie Indemnity

ERIE Nasdaq Insurance Brokers Financials FY2016–FY2025

Erie Indemnity's revenue rose 7.2% to $4.1 billion in fiscal 2025. Its operating margin was 17.6%, down from 17.8% a year earlier. Free cash flow was $571 million, up 17.4%. It paid out $254 million in dividends and buybacks, 45% of free cash flow.

Last close · Oct 23, 2026

$253.52

1.3%
Value it Compare
Revenue Total sales reported in the income statement.
$4.1B
7.2% vs prior year
Operating margin Operating income as a share of revenue.
17.6%
0.2 pts
Net income Profit after all expenses, interest and tax.
$559M
6.8%
Free cash flow Cash from operations minus capital spending.
$571M
17.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
31.8%
3.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
—
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
—

About these figures. Erie Indemnity reports earnings per share and share counts separately for its Class A and Class B shares, which the SEC's company-level data leaves out, so per-share figures are left blank.

What Erie Indemnity does

No business description yet.

Legal name
ERIE INDEMNITY COMPANY
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001628280-26-010666
0000922621

Revenue and margins

Erie Indemnity had $4.1B of revenue in fiscal 2025, up 7.2% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $571M in fiscal 2025, 14.0% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Erie Indemnity returned $254M to shareholders in fiscal 2025, 45% of free cash flow. The diluted share count rose 0.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Erie Indemnity yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $380M and divides by 0.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Erie Indemnity can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $222M$166M$226M$343M$380M
Debt incl. finance leases $93.8M$0.0M$0.0M$0.0M$0.0M
Net debt / EBITDA −0.4x−0.4x−0.4x−0.5x−0.5x
Debt / equity 0.1x0.0x0.0x0.0x0.0x
Interest coverage 77.0x187.3x———
Current ratio 1.2x1.2x1.3x1.4x1.3x
Quick ratio 1.2x1.2x1.3x1.4x1.3x
Total assets $2.2B$2.2B$2.5B$2.9B$3.4B
Total liabilities $900M$791M$809M$901M$1.1B
Shareholders' equity $1.3B$1.4B$1.7B$2.0B$2.3B
Net debt (− = net cash) −$128M−$166M−$226M−$343M−$380M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$1.4M

1 insider

Sold, 12 months

$0.1M

1 insider

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Jun 2, 2026 Elizabeth A VorsheckDirector, 10% owner Bought 7,000 $204.79 $1.4M Form 4
May 8, 2026 Anthony DaBreoSenior Vice President, Life Sold 465 $217.10 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✕
Cash from operations exceeds net income ✕ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✓ ✓ ✕
Share count didn't rise — — —
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✕
F-score — / 9— / 9— / 9
Accruals ratio 2.8%−0.4%−4.1%
Altman Z'' 7.868.247.53

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Erie Indemnity ERIE — 7.2% 17.6% 14.0% 31.8% — —
Ryan Specialty RYAN — 21.3% 16.2% 21.0% 8.7% — — Compare →
Brown & Brown BRO $24.4B 22.8% — 23.4% 9.1% 23.0x 4 Compare →
Willis Towers Watson WTW $30.6B −2.2% 23.0% 15.9% 12.8% 20.1x 7 Compare →
Arthur J. Gallagher AJG $68.8B 20.7% — 12.8% 9.9% 44.5x 3 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.6B $1.7B $2.4B $2.5B $2.5B $2.6B $2.8B $3.3B $3.8B $4.1B
Operating income $294M $290M $344M $357M $338M $318M $376M $520M $677M $717M
Interest expense $0.1M $1.2M $2.5M $0.9M $0.7M $4.1M $2.0M $0.0M $0.0M —
Pretax income $320M $316M $371M $397M $369M $376M $377M $562M $757M $711M
Income tax $110M $119M $83.1M $79.9M $75.2M $78.5M $77.9M $116M $157M $151M
Net income $210M $197M $288M $317M $293M $298M $299M $446M $600M $559M
Cash flow
Cash from operations $254M $197M $264M $365M $343M $403M $366M $381M $611M $687M
Capital expenditure $25.2M $28.9M $56.3M $102M $55.5M $149M $67.2M $92.6M $125M $116M
Free cash flow $229M $168M $207M $262M $287M $254M $299M $289M $486M $571M
Depreciation and amortization $15.1M $14.8M $13.4M $16.8M $21.2M $37.2M $45.9M $47.4M $56.5M $69.5M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $136M $146M $157M $168M $273M $193M $207M $222M $238M $254M
Dividends and buybacks $136M $146M $156M $168M $273M $193M $207M $222M $238M $254M
Balance sheet
Cash and short-term investments $189M $216M $669M $370M $179M $222M $166M $226M $343M $380M
Total debt $24.8M $74.7M $99.7M $97.8M $95.9M $93.8M $0.0M $0.0M $0.0M $0.0M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $666M $802M $1.2B $891M $732M $764M $779M $930M $1.1B $1.2B
Current liabilities $470M $510M $547M $588M $628M $631M $665M $709M $803M $946M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $1.5B $1.7B $1.8B $2.0B $2.1B $2.2B $2.2B $2.5B $2.9B $3.4B
Total liabilities $732M $809M $805M $883M $929M $900M $791M $809M $901M $1.1B
Shareholders' equity $817M $857M $974M $1.1B $1.2B $1.3B $1.4B $1.7B $2.0B $2.3B
Margins
Operating margin 18.4% 17.2% 14.5% 14.4% 13.3% 12.1% 13.3% 15.9% 17.8% 17.6%
EBITDA margin 19.3% 18.0% 15.0% 15.1% 14.2% 13.5% 14.9% 17.4% 19.3% 19.3%
Net margin 13.2% 11.6% 12.1% 12.8% 11.6% 11.3% 10.5% 13.7% 15.8% 13.8%
FCF margin 14.4% 9.9% 8.7% 10.6% 11.3% 9.6% 10.5% 8.8% 12.8% 14.0%
Returns
Return on capital — 26.5% 47.7% 45.1% 27.4% 21.7% 23.9% 30.4% 34.8% 31.8%
Return on capital employed 28.8% 26.0% 28.9% 26.9% 23.2% 20.5% 23.6% 31.2% 35.2% 31.9%
Return on equity 26.5% 23.5% 31.5% 30.1% 25.3% 23.5% 21.4% 28.7% 32.9% 26.2%
Return on assets 14.2% 12.3% 16.7% 16.7% 14.2% 13.7% 13.3% 18.9% 22.4% 17.9%
Growth
Revenue growth 6.1% 6.0% 40.8% 4.0% 2.4% 3.8% 7.8% 15.1% 16.1% 7.2%
Net income growth 20.4% −6.4% 46.3% 9.9% −7.4% 1.6% 0.2% 49.4% 34.6% −6.8%
FCF growth — −26.6% 23.2% 26.6% 9.4% −11.5% 17.7% −3.5% 68.6% 17.4%
Financial health
Net debt / EBITDA −0.5x −0.5x −1.6x −0.7x −0.2x −0.4x −0.4x −0.4x −0.5x −0.5x
Debt / equity 0.0x 0.1x 0.1x 0.1x 0.1x 0.1x 0.0x 0.0x 0.0x 0.0x
Interest coverage 2,906.1x 234.5x 140.0x 417.5x 462.6x 77.0x 187.3x — — —
Current ratio 1.4x 1.6x 2.1x 1.5x 1.2x 1.2x 1.2x 1.3x 1.4x 1.3x
Quick ratio 1.4x 1.6x 2.1x 1.5x 1.2x 1.2x 1.2x 1.3x 1.4x 1.3x
Capital allocation
Capex / revenue 1.6% 1.7% 2.4% 4.1% 2.2% 5.7% 2.4% 2.8% 3.3% 2.8%
Payouts / FCF 59.4% 86.7% 75.5% 63.9% 95.1% 75.9% 69.2% 76.8% 48.8% 44.5%
Quality scores
Altman Z'' 7.6 7.6 9.0 7.4 6.4 6.5 7.1 7.9 8.2 7.5
Accruals ratio −3.0% −0.0% 1.4% −2.5% −2.4% −4.8% −3.0% 2.8% −0.4% −4.1%

Source: SEC EDGAR XBRL filings (CIK 0000922621). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open