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Erie Indemnity Company(ERIE)Earnings, Financials & Key Ratios
ERIE•NASDAQ•Insurance & Managed Care
$256.37
24.1× P/E·Price updated Jul 7, 2026
AboutErie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.Show more
- Revenue$4.07B+7.2%
- Combined Ratio82.32%+0.2%
- Net Income$559M-6.8%
- Return on Equity26.19%-20.4%
- Medical Cost Ratio84.25%+2.5%
- Operating Margin17.69%-0.8%
- Net Margin13.75%-13.1%
- ROA17.92%-20.0%
- Equity / Assets68.05%-1.1%
ERIE Price & Volume
Erie Indemnity Company (ERIE) stock price & volume — 10-year historical chart
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Reciprocal Model Efficiency Faces Underwriting Volatility Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Exchange Surplus Dependency
Key Thesis Takeaways
- Erie Indemnity's unique attorney-in-fact structure provides a stable fee-based revenue stream, yet the company remains structurally tethered to the underwriting performance of the Erie Insurance Exchange.
- While the company has successfully scaled its equity base to $3.4 billion as of 2026Q1, investors should monitor the volatility in the Exchange's loss ratios, which recently spiked to 85.4% in 2025Q4.
- Future performance appears contingent on balancing consistent dividend growth, currently yielding 2.0%, against the inherent risks of reciprocal surplus sensitivity.
Verdict Logic
while the company maintains a consistent dividend payout that grew to $68.1 million in 2026Q1, the 58.8% decline in net income during 2025Q4 highlights the structural risks of the reciprocal model.
ERIE Growth Metrics
Erie Indemnity Company (ERIE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.45%
5 Years9.9%
3 Years12.72%
TTM10.85%
Profit CAGR
10 Years12.34%
5 Years13.78%
3 Years23.28%
TTM-6.97%
EPS CAGR
10 Years12.3%
5 Years13.61%
3 Years22.98%
TTM-7.49%
Return on Capital
10 Years26.38%
5 Years28.64%
3 Years32.91%
Last Year32.01%
ERIE Recent Earnings
Erie Indemnity Company (ERIE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$2.88-5.9%
$3.06
Rev
$1.0B-7.0%
$1.1B
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$0.33-120.8%
$1.59
Rev
$951M-2.5%
$976M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$3.50+3.9%
$3.37
Rev
$1.3B+33.7%
$976M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$3.34-4.0%
$3.48
Rev
$1.1B-2.6%
$1.1B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $2.88vs $3.06-5.9% | $1.0Bvs $1.1B-7.0% |
| Q1 2026 | Feb 23, 2026 | $0.33vs $1.59-120.8% | $951Mvs $976M-2.5% |
| Q4 2025 | Oct 30, 2025 | $3.50vs $3.37+3.9% | $1.3Bvs $976M+33.7% |
| Q3 2025 | Aug 7, 2025 | $3.34vs $3.48-4.0% | $1.1Bvs $1.1B-2.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Erie Indemnity Company (ERIE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $256.37 | $11.84B | 24.14 | 7.17% | 13.75% | 26.19% | 1.88% | |
| $234.40 | $136.97B | 12.19 | 16.32% | 12.93% | 35.45% | — | |
| $251.46 | $64.73B | 6.58 | 4.64% | 18.09% | 42.74% | — | |
| $343.73 | $73.09B | 12.53 | 5.17% | 15.54% | 24.14% | — | |
| $139.64 | $38.4B | 10.48 | 7.1% | 14.13% | 22.01% | — | |
| $51.80 | $14.01B | 11.04 | 5.1% | 8.95% | 11.94% | — |
Compare ERIE vs Peers
Erie Indemnity Company (ERIE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ERIE SEC Filings & Documents
Erie Indemnity Company (ERIE) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ERIE Frequently Asked Questions
Erie Indemnity Company (ERIE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Erie Indemnity Company growing?
Erie Indemnity Company (ERIE) grew revenue by 7.2% over the past year. This is steady growth.
Is ERIE profitable?
Yes, Erie Indemnity Company (ERIE) is profitable, generating $571.4M in net income for fiscal year 2025 (13.8% net margin).
Dividend & Returns
Does ERIE pay dividends?
Yes, Erie Indemnity Company (ERIE) pays a dividend with a yield of 1.88%. This makes it attractive for income-focused investors.
What is ERIE's return on equity?
Erie Indemnity Company (ERIE) has a return on equity (ROE) of 26.2%. This is excellent, indicating efficient use of shareholder capital.
Industry Metrics
What is Erie Indemnity Company's combined ratio?
Erie Indemnity Company (ERIE) has a combined ratio of 82.3%. A ratio below 100% indicates underwriting profitability.