Erie Indemnity Co (ERIE)

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.

Ticker: ERIE
Exchange: Nasdaq
Sector: Financial Services
Industry: Insurance Brokers
Market cap: $14.28B
52-week range: $204.63 - $301.61

Valuation

Share price: $273.07 (close of Nov 6, 2026)
P/E (TTM): 22.60x
Price to book: 5.59x
Price to free cash flow: 25.77x
Enterprise value: $13.92B
Book value per share: $48.82

Price performance

Period	Change
1 day	-4.40%
5 days	+4.47%
1 month	+22.33%
3 months	+7.48%
6 months	+27.87%
Year to date	-4.74%
1 year	-3.02%
3 years	-2.54%
5 years	+21.73%
10 years	+170.10%
All time	+1,589.09%

Short interest

As of: Oct 15, 2026
Short % of float: 9.90%
Shares short: 2.49M
Days to cover: 13.79
Change since prior report: -2.44%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 24.50%
Return on assets: 16.67%
Net margin: 13.75%
Revenue growth: 7.17%
Net income growth: -6.83%
Free cash flow growth: 17.38%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.88%
Current ratio: 1.31x
Net debt to EBITDA: -0.49x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $4.07B
Net income: $559.34M
Earnings per share: $12.01
Shares outstanding: 46.57M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$4.07B	$559.34M	$12.01
2024-12-31	$3.80B	$600.31M	$12.89
2023-12-31	$3.27B	$446.06M	$9.58
2022-12-31	$2.84B	$298.57M	$6.41
2021-12-31	$2.63B	$297.86M	$6.40
2020-12-31	$2.54B	$293.30M	$6.30
2019-12-31	$2.48B	$316.82M	$6.80
2018-12-31	$2.38B	$288.22M	$6.19
2017-12-31	$1.69B	$197.00M	$4.23
2016-12-31	$1.60B	$210.37M	$4.52

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	13.75%	24.50%
2024-12-31	15.82%	30.21%
2023-12-31	13.65%	26.83%
2022-12-31	10.51%	20.61%
2021-12-31	11.31%	22.19%
2020-12-31	11.56%	24.69%
2019-12-31	12.79%	27.96%
2018-12-31	12.10%	29.60%
2017-12-31	11.64%	22.98%
2016-12-31	13.18%	25.75%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$345.87M	-
2024-12-31	$298.40M	-
2023-12-31	$144.06M	-
2022-12-31	$142.09M	-
2021-12-31	$183.70M	$91.73M
2020-12-31	$161.24M	$93.83M
2019-12-31	$336.74M	$95.84M
2018-12-31	$266.42M	$97.86M
2017-12-31	$286.91M	$74.73M
2016-12-31	$245.21M	$24.77M

Free cash flow by year

Period end	Free cash flow
2025-12-31	$570.97M
2024-12-31	$486.40M
2023-12-31	$288.56M
2022-12-31	$298.95M
2021-12-31	$253.99M
2020-12-31	$287.07M
2019-12-31	$262.49M
2018-12-31	$207.29M
2017-12-31	$168.20M
2016-12-31	$229.13M

Dividend history

Most recent payment: Oct 5, 2026
Paid in the last twelve months: $5.85

Payment date	Dividend per share
2026-10-05	$1.46
2026-07-07	$1.46
2026-04-07	$1.46
2026-01-06	$1.46
2025-10-06	$1.36
2025-07-08	$1.36
2025-04-07	$1.36
2025-01-07	$1.36

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-29	Sep 2026	$3.41
2026-07-30	Jun 2026	$3.35
2026-04-23	Mar 2026	$3.06
2026-02-23	Dec 2025	$1.59
2025-10-30	Sep 2025	$3.37
2025-08-07	Jun 2025	$3.55
2025-04-24	Mar 2025	$3.19
2025-02-27	Dec 2024	$2.82

Filings and sources

Company website: erieinsurance.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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