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Financials · ERIE

Erie Indemnity Company (ERIE) financials

For the twelve months ended Sep 30, 2026, Erie Indemnity Company reported $4.12B of revenue and $576.14M of net income.

Revenue, TTM
$4.12B
Revenue growth, YoY
+2.0%
Net income, TTM
$576.14M
Net income growth, YoY
-11.1%
Net margin
14.0%
Free cash flow, TTM
$554.04M
Cash
$362.69M
P/E
21.89
P/S
3.06
Market cap
$12.61B
Annual revenue$4.07B
FY2016FY2025
Annual net income$559.34M
FY2016FY2025
Annual free cash flow$570.97M
FY2016FY2025

ERIE revenue and earnings growth

ERIE revenueQ3 2026$1.07B

Quarter YoY
+0.3%
QoQ
-1.8%
FY YoY
+7.2%
5Y CAGR
+9.9%
10Y CAGR
+10.4%

ERIE revenue was $1.07B in fiscal Q3 2026 (ended Sep 30, 2026), up 0.3% from a year earlier and down 1.8% from the prior quarter. For the full fiscal 2025 it was $4.07B, up 7.2% from fiscal 2024. Compound annual growth was +9.9% over 5 years and +10.4% over 10 years. It rose in each of the last 10 fiscal years.

ERIE net incomeQ3 2026$181.99M

Quarter YoY
-0.5%
QoQ
+0.9%
FY YoY
-6.8%
5Y CAGR
+13.8%
10Y CAGR
+12.3%

ERIE net income was $181.99M in fiscal Q3 2026 (ended Sep 30, 2026), down 0.5% from a year earlier and up 0.9% from the prior quarter. For the full fiscal 2025 it was $559.34M, down 6.8% from fiscal 2024. Compound annual growth was +13.8% over 5 years and +12.3% over 10 years. It rose in 7 of the last 10 fiscal years.

ERIE free cash flowQ3 2026$185.37M

Quarter YoY
+0.5%
QoQ
+6.9%
FY YoY
+17.4%
5Y CAGR
+14.7%

ERIE free cash flow was $185.37M in fiscal Q3 2026 (ended Sep 30, 2026), up 0.5% from a year earlier and up 6.9% from the prior quarter. For the full fiscal 2025 it was $570.97M, up 17.4% from fiscal 2024. Compound annual growth was +14.7% over 5 years. It rose in 6 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$4.07B$3.80B$3.27B$2.84B$2.63B$2.54B$2.48B$2.38B$1.69B$1.60B
Operating income$717.18M$676.46M$520.26M$376.21M$318.10M$338.16M$357.34M$344.34M$290.25M$293.52M
Interest expense-$0$0$2.01M$4.13M$731.0K$856.0K$2.46M$1.24M$101.0K
Pre-tax income$710.60M$757.28M$561.94M$376.45M$376.40M$368.51M$396.70M$371.32M$315.69M$320.09M
Income tax$151.27M$156.97M$115.88M$77.88M$78.54M$75.21M$79.88M$83.10M$118.70M$109.72M
Net income$559.34M$600.31M$446.06M$298.57M$297.86M$293.30M$316.82M$288.22M$197.00M$210.37M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$345.87M$298.40M$144.06M$142.09M$183.70M$161.24M$336.74M$266.42M$215.72M$189.07M
Receivables$735.59M$707.06M$625.34M$524.94M$479.12M$494.64M$468.64M---
Current assets$1.20B$1.15B$930.19M$778.80M$763.73M$732.30M$891.40M$1.17B$801.88M$665.52M
Total assets$3.36B$2.89B$2.47B$2.24B$2.24B$2.12B$2.02B$1.78B$1.67B$1.55B
Current liabilities$945.59M$802.51M$708.98M$665.11M$630.86M$627.67M$587.71M$547.07M$509.91M$469.60M
Short-term debt---$0$2.10M$2.03M$1.98M$1.87M$0-
Long-term debt---$0$91.73M$93.83M$95.84M$97.86M$74.73M$24.77M
Total debt---$0$93.83M$95.86M$97.82M$99.73M$74.73M$24.77M
Total liabilities$1.07B$901.36M$809.13M$791.05M$899.58M$929.07M$882.99M$804.65M$808.51M$732.04M
Shareholders' equity$2.28B$1.99B$1.66B$1.45B$1.34B$1.19B$1.13B$973.67M$857.34M$816.91M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$686.66M$611.25M$381.20M$366.15M$402.79M$342.60M$364.53M$263.58M$197.13M$254.34M
Capital expenditures$115.69M$124.84M$92.65M$67.20M$148.80M$55.53M$102.04M$56.30M$28.93M$25.21M
Free cash flow$570.97M$486.40M$288.56M$298.95M$253.99M$287.07M$262.49M$207.29M$168.20M$229.13M
Investing cash flow-$439.33M-$226.91M-$157.56M-$106.92M-$185.49M-$243.22M-$124.63M-$81.40M-$74.66M-$136.94M
Financing cash flow-$199.85M-$230.00M-$221.68M-$300.84M-$194.84M-$274.87M-$169.57M-$131.49M-$95.81M-$111.21M
Dividends paid$254.28M$237.51M$221.68M$206.77M$192.80M$272.90M$167.65M$156.47M$145.76M$135.99M
Share repurchases---------$0
Depreciation and amortization$69.45M$56.53M$47.41M$45.90M$37.20M$21.20M$16.80M$13.40M$14.80M$15.10M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY7.2%16.1%15.1%7.8%3.8%2.4%4.0%40.8%6.0%6.1%
Net income growth, YoY-6.8%34.6%49.4%0.2%1.6%-7.4%9.9%46.3%-6.4%20.4%
Operating margin17.6%17.8%15.9%13.2%12.1%13.3%14.4%14.5%17.2%18.4%
Net margin13.8%15.8%13.6%10.5%11.3%11.6%12.8%12.1%11.6%13.2%
Free cash flow margin14.0%12.8%8.8%10.5%9.6%11.3%10.6%8.7%9.9%14.4%
Return on equity24.5%30.2%26.8%20.6%22.2%24.7%28.0%29.6%23.0%25.8%
Return on assets16.7%20.8%18.0%13.3%13.3%13.9%15.7%16.2%11.8%13.6%
Current ratio1.271.431.311.171.211.171.522.141.571.42
Debt to equity---0.000.070.080.090.100.090.03

Source: XBRL data Erie Indemnity Company files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ERIE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ERIE$4.12B+2.0%$576.14M14.0%$12.61B
MRSH$28.46B+7.6%$4.04B14.2%$97.39B
AJG$16.36B+25.6%$1.70B10.4%$72.18B
AON$17.68B+3.8%$3.93B22.2%$71.03B
WTW$10.27B+4.8%$1.56B15.2%$30.33B
BRO$6.91B+26.1%$1.22B17.7%$23.92B
EQH$13.05B+8.7%$1.50B11.5%$14.38B
RYAN$3.25B+9.8%$193.64M6.0%$12.01B
FNF$14.91B+6.4%$1.05B7.0%$11.76B

ERIE FAQ

7 questions
  • What is ERIE revenue?
    Erie Indemnity Company (ERIE) reported $4.12B of revenue for the twelve months ended Sep 30, 2026. That is up 2.0% from the year before. Revenue for fiscal 2025 was $4.07B.
  • Is ERIE profitable?
    Yes. Erie Indemnity Company earned $576.14M in net income for the twelve months ended Sep 30, 2026, a net margin of 14.0%.
  • How much cash and debt does ERIE have?
    Erie Indemnity Company reported $362.69M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is ERIE revenue growing?
    Erie Indemnity Company's revenue changed +7.2% in fiscal 2025, to $4.07B. Its compound annual growth rate was +9.9% over 5 years and +10.4% over 10 years.
  • What is ERIE free cash flow?
    Erie Indemnity Company generated $554.04M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $691.78M less capital expenditures.
  • When did ERIE last report financial results?
    The latest statements here come from Erie Indemnity Company's 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this ERIE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Erie Indemnity Company files with the SEC. It is provided for information only and is not investment advice.