Friday 6 November 2026 Export ERIE’s income statement to Excel — free account

Erie Indemnity Company

Erie Indemnity Company’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 7.17% from fiscal 2024.

Revenue: +0.30%
EPS: +0.25%
Free cash flow: +0.52%

Quarter to September 2026, against a year earlier

284.43 4.47 +1.60%

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Market cap: $13.3B
P/E: 22.9×
Fwd P/E: 20.6×
Dividend yield: 2.06%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Erie Indemnity Company (ERIE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Management Operations	4,067	100.00%
Gross margin		17.63%
Operating margin		17.63%
Pre-tax margin		17.47%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Management fee revenue - policy issuance and renewal services	3,132 77.00%	2,894 76.26%	2,442 74.71%	2,088 73.51%	1,913 72.63%	1,842 72.61%	1,810 73.08%	1,720 72.18%	1,663 98.28%	1,567 98.17%
Administrative services reimbursement revenue	837 20.57%	806 21.25%	737 22.55%	668 23.53%	638 24.24%	609 24.03%	582 23.49%	580 24.36%	0 0.00%	—
Management fee revenue - administrative services	74 1.82%	68 1.80%	64 1.95%	58 2.05%	58 2.21%	59 2.34%	57 2.31%	54 2.25%	0 0.00%	—
Service agreement revenue	25 0.61%	26 0.69%	26 0.80%	26 0.90%	24 0.91%	26 1.02%	28 1.12%	29 1.20%	29 1.72%	29 1.83%
Revenue	4,067	3,795	3,269	2,840	2,634	2,536	2,477	2,382	1,692	1,597

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2012	FY2011	FY2010	FY2009
Management Operations	4,067 100.00%	3,795 100.00%	3,269 100.00%	2,840 100.00%	—	—	—	—
Property, Liability and Casualty Insurance Product Line	—	—	—	—	4,422 80.22%	4,149 86.01%	3,925 80.27%	3,808 89.49%
Insurance Agency Management	—	—	—	—	1,188 21.55%	1,100 22.80%	1,043 21.33%	1,000 23.50%
Insurance Investments	—	—	—	—	998 18.11%	587 12.17%	879 17.98%	361 8.48%
Life Insurance Product Line	—	—	—	—	74 1.34%	68 1.41%	65 1.33%	64 1.50%
Intersegment Eliminations	—	—	—	—	—	—	(1,022) (20.90%)	(978) (22.98%)
Eliminations	—	—	—	—	(1,170) (21.23%)	(1,080) (22.39%)	—	—
Revenue	4,067	3,795	3,269	2,840	5,512	4,824	4,890	4,255

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2012	FY2011	FY2010	FY2009
Management Operations	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Policies in force	Q4 FY2025	7.0M	7.0M	0.00%

	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Policies in force	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.