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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 |
| Operating Revenue | - | 2,851.20 | 3,309.22 | 3,862.40 | 4,148.57 |
| Selling General And Administration | - | 668.27 | 737.14 | 806.34 | 836.64 |
| Total Expenses | - | 2,474.75 | 2,747.28 | 3,105.12 | 3,437.97 |
| EBIT | 380.54 | 378.46 | 561.94 | 757.28 | - |
| Interest Expense | 4.13 | 2.01 | 0 | 0 | - |
| Net Interest Income | -4.13 | -2.01 | 0 | 0 | - |
| Other Income Expense | - | 693.96 | 763.20 | 832.69 | 861.39 |
| Interest Expense Non Operating | 4.13 | 2.01 | 0 | 0 | - |
| Net Non Operating Interest Income Expense | -4.13 | -2.01 | 0 | 0 | - |
| Pretax Income | - | 376.45 | 561.94 | 757.28 | 710.60 |
| Tax Provision | - | 77.88 | 115.88 | 156.96 | 151.27 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Net Income From Continuing And Discontinued Operation | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Net Income From Continuing Operation Net Minority Interest | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Net Income | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Net Income Common Stockholders | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Net Income Including Noncontrolling Interests | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Normalized Income | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Diluted NI Availto Com Stockholders | - | 298.57 | 446.06 | 600.31 | 559.34 |
| Basic Average Shares | - | 46.19 | 46.19 | 46.19 | 46.19 |
| Diluted Average Shares | - | 52.30 | 52.30 | 52.31 | 52.31 |
| Reconciled Depreciation | - | 51.72 | 53.59 | 63.91 | 76.78 |
| General And Administrative Expense | - | 668.27 | 737.14 | 806.34 | 836.64 |
| Other Gand A | - | 668.27 | 737.14 | 806.34 | 836.64 |
| Other Operating Expenses | - | -1.62 | -12.71 | -11.56 | 91.44 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Erie Indemnity Companythis co. | ERIE | $11.5B | 20.52↑ premium | 5.03 | 24.5% | - |
| Principal Financial Group, Inc. | PFG | $22.4B | 18.87 | 1.88 | 10.0% | - |
| Loews Corporation | L | $21.6B | 12.96 | 1.16 | 8.9% | - |
| Brown & Brown, Inc. | BRO | $19.4B | 18.65 | 1.55 | 8.3% | 12.86 |
| Franklin Resources, Inc. | BEN | $16.6B |
| - |
| - |
| - |
| - |
| - |
| 31.65 |
| 1.38 |
| 4.3% |
| 18.63 |
| Everest Group, Ltd. | EG | $12.6B | 7.95 | 0.82 | 10.3% | - |
| Invesco Ltd. | IVZ | $12.5B | -44.33 | 1.28 | -2.9% | 13.22 |
| Assurant, Inc. | AIZ | $12.5B | 14.29 | 2.12 | 14.9% | - |
| Globe Life Inc. | GL | $12.0B | 10.32 | 2.01 | 19.4% | - |
| Peer Median | - | 13.63 | 1.46 | 9.4% | 13.22 | |