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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $4.1B | - | $559M | $571M | 24.5% | 7.4% | -6.8% |
| 2024 | $3.9B | - | $600M | $486M | 30.2% | 16.7% | 34.6% |
| 2023 | $3.3B | - | $446M | $289M | 26.8% | 16.1% | 49.4% |
| 2022 | $2.9B | - | $299M | $299M | 20.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,851.20 | 3,309.22 | 3,862.40 | 4,148.57 |
| EBIT | 380.54 | 378.46 | 561.94 | 757.28 | - |
| Pretax Income | - | 376.45 | 561.94 | 757.28 | 710.60 |
| Tax Provision | - | 77.88 | 115.88 | 156.96 | 151.27 |
| Net Income | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Net Income Common Stockholders | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Total Expenses | - | 2,474.75 | 2,747.28 | 3,105.12 | 3,437.97 |
| Interest Expense | 4.13 | 2.01 | 0 | 0 | - |
| Selling General And Administration | - | 668.27 | 737.14 | 806.34 | 836.64 |
| Normalized Income | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Market Cap | 12,215.96 | 12,215.96 | 12,215.96 | 12,215.96 | 12,215.96 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Erie Indemnity Companythis co. | ERIE | - | 21.84↑ premium | 5.35 | 24.5% | - |
| Loews Corporation | L | $23.1B | 13.65 | 1.22 | 8.9% | - |
| T. Rowe Price Group, Inc. | TROW | $22.3B | 10.35 | 1.99 | 19.2% | 6.06 |
| Principal Financial Group, Inc. | PFG | $22.1B | 18.14 | 1.81 | 10.0% | - |
| Brown & Brown, Inc. | BRO | $20.6B |
| - |
| - |
| - |
| - |
| - |
| 21.28 |
| 1.79 |
| 8.4% |
| 14.32 |
| Franklin Resources, Inc. | BEN | $15.6B | 26.91 | 1.17 | 4.3% | 16.87 |
| Everest Group, Ltd. | EG | $14.5B | 8.64 | 0.89 | 10.3% | - |
| Globe Life Inc. | GL | $12.4B | 10.31 | 2.00 | 19.4% | - |
| Assurant, Inc. | AIZ | $11.7B | 13.11 | 1.95 | 14.9% | - |
| Peer Median | - | 13.38 | 1.80 | 10.1% | 14.32 | |