Saturday 17 October 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. In the quarter to June 2026, revenue grew 2.80%, EPS grew 3.20% and free cash flow grew 10.2%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for three; insiders bought in the last twelve months.

243.71 5.02 +2.10%

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Market cap: $11.1B
P/E: 19.7×
Fwd P/E: 18.0×
Dividend yield: 2.40%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 1.43

Total sells 0.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	—	—	—

Insider Ownership 46.09%

Capital & Financial Ratios $m

Market Cap 11,120.00

Revenue 4,119.47

Net Income 559.34

Free Cash Flow 553.08

Net Debt (282.90)

Current Ratio 1.56

Debt/Equity 0.00

P/E ratio 19.67

Fwd P/E 18.00

P/S ratio 2.73

P/B ratio 4.56

Past 5Y EPS Growth 13.76%

This Y EPS Growth 18.80%

Next Y EPS Growth 26.44%

Next Y revenue growth 2.50%

Next 5Y EPS Growth 10.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 3.13%

10-year low 10-year high

P/S against its own 10 years 6.12%

10-year low 10-year high

P/B against its own 10 years 2.95%

10-year low 10-year high

Dividends

Payout Ratio 0.53

Annual Dividend Rate 5.85

Annual Dividend Yield 2.40%

	total	individual payouts
2026	5.85	1.46 1.46 1.46 1.46
2025	5.46	1.37 1.37 1.37 1.37
2024	5.10	1.28 1.28 1.28 1.28
2023	4.76	1.19 1.19 1.19 1.19
2022	4.44	1.11 1.11 1.11 1.11
2021	4.14	1.04 1.04 1.04 1.04
2020	3.86	0.97 0.97 0.97 0.97 2.00
2019	3.60	0.90 0.90 0.90 0.90
2018	4.19	0.84 0.84 0.84 0.84 0.83
2017	3.13	0.78 0.78 0.78 0.78
2016	2.19	0.73 0.73 0.73

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	144	298	346	283
Receivables	625	707	736	753
Inventory	—	—	—	—
Other	—	—	—	—
	769	1,005	1,081	1,036

	2023	2024	2025	Q'26
Payables	529	598	626	663
ST’ Debt	—	—	—	—
Other	—	—	—	—
	529	598	626	663

Compound Annual Growth %

	10y	5y	3y
Sales	10.45%	9.90%	12.72%
Cash Flow	12.19%	14.92%	23.32%
Earnings	12.34%	13.78%	23.28%
Book Value	11.49%	13.96%	16.38%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,012	1,090	—	—	—
’25	989	1,060	1,067	951	4,067
’24	881	990	1,000	924	3,795
’23	752	840	859	818	3,269
’22	672	726	741	701	2,840
’21	630	680	688	636	2,634
’20	617	657	653	609	2,536

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	92	215	—	—	—
’25	118	178	219	172	687
’24	87	131	199	193	611
’23	48	132	53	148	381
’22	24	83	132	128	366
’21	33	94	136	139	403
’20	20	107	107	108	343

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	54	173	—	—	—
’25	88	157	184	141	571
’24	65	103	171	147	486
’23	29	106	26	128	289
’22	8	70	109	112	299
’21	22	77	126	28	254
’20	(1)	91	92	105	287

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.88	3.45	—	—	—
’25	2.65	3.34	3.50	1.21	10.69
’24	2.38	3.13	3.06	2.91	11.48
’23	1.65	2.25	2.51	2.12	8.53
’22	1.31	1.53	1.61	1.25	5.71
’21	1.41	1.51	1.72	1.05	5.69
’20	1.13	1.57	1.71	1.20	5.61

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	88.69	106.91	106.63	127.04	130.20	168.87	158.46	199.49	321.05	273.59	Analyst estimates 2026–2028 Powerpack
	High	116.21	129.73	147.17	270.23	256.77	266.77	286.50	336.05	547.00	456.93
People
People	Employees	5,000	5,300	5,500	5,700	5,914	5,876	6,038	6,556	6,801	6,667
	Revenue/emp, $m	0.32	0.32	0.43	0.43	0.43	0.45	0.47	0.50	0.56	0.61
Income, $m
Income, $m	Revenue	1,597	1,692	2,382	2,477	2,536	2,634	2,840	3,269	3,795	4,067
	Gross margin, %	18.38	17.16	14.45	14.42	13.33	12.08	13.25	15.92	17.82	17.63
	EBT	320	316	371	397	369	376	376	562	757	711
	EBT margin, %	20.05	18.66	15.59	16.01	14.53	14.29	13.25	17.19	19.95	17.47
	Net income	210	197	288	317	293	298	299	446	600	559
	Depreciation	23	22	13	31	34	49	52	54	64	77
Per share, $
Per share, $	Revenue	34.57	36.63	51.57	53.63	54.91	57.02	61.49	70.77	82.16	88.05
	Earnings	4.52	4.27	6.19	6.80	6.30	6.40	6.41	9.58	12.89	12.01
	Cash flow	5.51	4.27	5.71	7.89	7.42	8.72	7.93	8.25	13.23	14.87
	Capex	(0.55)	(0.63)	(1.09)	(2.19)	(1.20)	(3.22)	(1.45)	(2.01)	(2.70)	(2.50)
	Free cash flow	4.96	3.64	4.62	5.70	6.22	5.50	6.48	6.25	10.53	12.36
	Book value	17.69	18.56	21.08	24.53	25.72	29.06	31.36	36.00	43.02	49.43
	Shares, m	46	46	46	46	46	46	46	46	46	46
Valuation, ×
Valuation, ×	P/E	24.76	28.14	21.54	24.41	38.98	30.10	38.14	35.01	32.01	23.87
	P/S	3.24	3.26	2.58	3.10	4.47	3.38	3.98	4.73	5.02	3.26
	P/B	6.33	6.43	6.32	6.77	9.55	6.63	7.80	9.31	9.58	5.80
	EV/Sales	3.14	3.17	2.51	3.00	4.45	3.34	3.97	4.73	4.97	3.20
	EV/FCF	22.73	31.93	28.09	28.22	39.29	34.68	37.70	53.58	38.80	22.81
Cash, $m
Cash, $m	Operating cash flow	254	197	264	365	343	403	366	381	611	687
	Capex	(25)	(29)	(50)	(101)	(56)	(149)	(67)	(93)	(125)	(116)
	Free cash flow	229	168	213	263	287	254	299	289	486	571
Balance, $m
Balance, $m	Working capital	299	356	370	406	241	252	201	240	407	455
	Total debt	25	75	100	98	96	94	—	—	—	—
	Net debt	(164)	(141)	(167)	(239)	(65)	(90)	(142)	(144)	(298)	(346)
	Shareholders’ equity	817	857	974	1,133	1,188	1,342	1,448	1,663	1,987	2,283
Returns, %
Returns, %	ROA	14.23	12.26	16.74	16.70	14.19	13.67	13.32	18.94	22.40	17.92
	ROIC	28.11	25.32	26.67	24.97	18.83	15.87	18.00	21.41	25.03	23.13
	ROE	26.52	23.53	31.48	30.07	25.27	23.54	21.40	28.67	32.89	26.19

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AJG Arthur J. Gallagher & Co.	$64.1B	41.6×	23.0×	+24.24% (above 0%: growing)	−11.89% (below 0%: shrinking)	+91.16% (above 0%: growing)	41.79%	14.54%	Compare
AON Aon plc	$60.8B	16.0×	21.1×	+2.19% (above 0%: growing)	−3.73% (below 0%: shrinking)	−34.02% (below 0%: shrinking)	46.51%	21.55%	Compare
WTW Willis Towers Watson Public Limited Company	$28.8B	19.3×	15.3×	+9.07% (above 0%: growing)	−27.25% (below 0%: shrinking)	+42.76% (above 0%: growing)	100.00%	14.76%	Compare
BRO Brown & Brown, Inc.	$22.8B	19.3×	17.6×	+30.43% (above 0%: growing)	+8.86% (above 0%: growing)	+6.75% (above 0%: growing)	50.00%	28.82%	Compare
ERIE Erie Indemnity Company	$11.1B	19.7×	18.0×	+2.80% (above 0%: growing)	+3.20% (above 0%: growing)	+10.22% (above 0%: growing)	18.73%	18.73%
BWIN Baldwin Insurance Group, Inc.	$4.5B	— (loss-making)	— (loss-making)	+30.13% (above 0%: growing)	n/m	+208.10% (above 0%: growing)	31.81%	(1.69%)	Compare
ARX Accelerant Holdings	$4.3B	— (loss-making)	143×	+62.89% (above 0%: growing)	+620.00% (above 0%: growing)	−139.56% (below 0%: shrinking)	100.00%	30.96%	Compare
CRVL CorVel Corp.	$4.1B	35.4×	—	+10.74% (above 0%: growing)	+18.87% (above 0%: growing)	+8.94% (above 0%: growing)	26.08%	16.67%	Compare
NP Neptune Insurance Holdings Inc.	$4.0B	117×	68.6×	+32.82% (above 0%: growing)	−11.65% (below 0%: shrinking)	+234.05% (above 0%: growing)	100.00%	47.52%	Compare
Median of peers	$13.6B	27.4×	22.1×	+27.19%	−3.73%	+25.85%	48.26%	19.11%

All 22 Insurance Brokers stocks →

Erie Indemnity Company (ERIE) key facts

Strength: Erie Indemnity Company’s revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 7.17% from fiscal 2024.
Erie Indemnity Company (ERIE) is an Insurance Brokers company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, ERIE traded at $243.71, a market capitalization of $11.1 billion.
Erie Indemnity Company pays an annual dividend of $5.85 per share, a yield of 2.40%, with a payout ratio of 53.0%.
Return on equity was 26.2% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.