Erie Indemnity (ERIE) Financials

$356.04 +7.58 (+2.18%)

Closing price 04:00 PM Eastern

Extended Trading

$396.00 +39.96 (+11.22%)

As of 06:22 PM Eastern

Annual Income Statements for Erie Indemnity

This table shows Erie Indemnity's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	600	446	299	298	293	317	288	197	210	175
Consolidated Net Income / (Loss)	600	446	299	298	293	317	288	197	210	175
Net Income / (Loss) Continuing Operations	600	446	299	298	293	317	288	197	210	175
Total Pre-Tax Income	757	562	376	376	369	397	371	316	320	266
Total Operating Income	676	520	376	318	338	357	344	290	294	233
Total Gross Profit	3,795	3,269	2,841	2,634	2,536	2,477	2,382	1,692	1,597	1,279
Total Revenue	3,795	3,269	2,841	2,634	2,536	2,477	2,382	1,692	1,597	1,506
Operating Revenue	3,795	3,269	2,841	2,634	2,536	2,477	2,382	1,692	1,597	1,506
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	227
Total Operating Expenses	3,119	2,749	2,464	2,316	2,198	2,120	2,038	1,402	1,303	1,046
Other Operating Expenses / (Income)	3,119	2,749	-	2,316	2,198	2,120	2,038	1,402	1,303	848
Total Other Income / (Expense), net	81	42	0.24	58	30	40	27	25	27	34
Interest & Investment Income	69	29	0.63	67	33	40	26	29	28	15
Other Income / (Expense), net	12	13	1.62	-4.89	-1.78	0.26	3.64	-1.91	-1.16	18
Income Tax Expense	157	116	78	79	75	80	83	119	110	92
Basic Earnings per Share	$12.89	$9.58	$968.41	$6.40	$6.30	$6.80	$6.19	$4.23	$4.52	$566.75
Weighted Average Basic Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Diluted Earnings per Share	$11.48	$8.53	$967.71	$5.69	$5.61	$6.06	$5.51	$3.76	$4.01	$565.33
Weighted Average Diluted Shares Outstanding	52.31M	52.30M	52.30M	52.31M	52.31M	52.32M	52.32M	52.34M	52.44M	52.50M
Weighted Average Basic & Diluted Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M

This table shows Erie Indemnity's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	138	152	160	164	125	111	131	118	86	65	84
Consolidated Net Income / (Loss)	138	152	160	164	125	111	131	118	86	65	84
Net Income / (Loss) Continuing Operations	138	152	160	164	125	111	131	118	86	65	84
Total Pre-Tax Income	175	192	201	207	157	140	164	149	109	82	106
Total Operating Income	151	167	180	190	139	127	148	134	111	81	106
Total Gross Profit	989	924	1,000	990	881	818	859	840	752	702	741
Total Revenue	989	924	1,000	990	881	818	859	840	752	702	741
Operating Revenue	989	924	1,000	990	881	818	859	840	752	702	741
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	838	757	820	800	742	691	710	706	642	619	635
Other Operating Expenses / (Income)	838	757	820	800	742	691	710	706	642	-	-
Total Other Income / (Expense), net	23	24	21	17	18	13	15	15	-1.40	0.53	-0.12
Interest & Investment Income	20	21	20	14	15	9.77	12	12	-4.73	0.29	-0.57
Other Income / (Expense), net	3.83	3.69	1.17	3.29	3.41	3.07	3.00	3.31	3.34	0.24	0.56
Income Tax Expense	36	40	41	43	33	29	33	31	23	16	22
Weighted Average Basic Shares Outstanding	0.00	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Weighted Average Diluted Shares Outstanding	0.00	52.31M	52.31M	52.31M	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M
Weighted Average Basic & Diluted Shares Outstanding	0.00	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M

This table details how cash moves in and out of Erie Indemnity's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	154	1.97	-42	111	-175	70	51	27	6.18	91
Net Cash From Operating Activities	611	381	366	403	343	365	264	197	254	217
Net Cash From Continuing Operating Activities	611	381	366	491	426	365	264	197	201	165
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-27	-26
Non-Cash Adjustments To Reconcile Net Income	611	381	368	491	426	365	266	202	227	184
Changes in Operating Assets and Liabilities, net	0.00	0.00	-2.13	-	-	-0.85	-2.38	-4.72	0.25	7.78
Net Cash From Investing Activities	-227	-158	-107	-185	-243	-125	-81	-75	-137	0.62
Net Cash From Continuing Investing Activities	-227	-158	-107	-185	-243	-125	-81	-75	-137	0.62
Purchase of Property, Plant & Equipment	-125	-93	-67	-149	-56	-102	-56	-29	-25	-13
Purchase of Investments	-514	-316	-484	-440	-477	-1,025	-397	-392	-370	-229
Sale of Property, Plant & Equipment	0.00	0.00	0.27	0.00	0.02	0.78	6.01	0.00	0.00	-
Sale and/or Maturity of Investments	438	263	447	400	292	1,011	377	350	257	242
Other Investing Activities, net	-26	-12	-3.11	3.00	-2.63	-9.69	-11	-4.21	1.59	-
Net Cash From Financing Activities	-230	-222	-301	-195	-275	-170	-131	-96	-111	-127
Net Cash From Continuing Financing Activities	-230	-222	-301	-195	-275	-170	-131	-96	-111	-127
Repayment of Debt	0.00	0.00	-149	-2.04	-1.97	-1.92	-	-	-	-
Payment of Dividends	-238	-222	-207	-193	-273	-168	-156	-146	-136	-127
Issuance of Debt	0.00	0.00	55	0.00	0.00	-	25	50	25	0.00
Other Financing Activities, net	7.51	0.00	0.00	-	-	-	-	-	-	-

This table details how cash moves in and out of Erie Indemnity's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-38	77	51	26	0.82	41	-40	21	-20	-18	69
Net Cash From Operating Activities	118	193	199	131	87	148	53	132	48	128	132
Net Cash From Continuing Operating Activities	118	193	199	131	87	148	53	132	48	66	194
Net Income / (Loss) Continuing Operations	0.00	-	-	-	0.00	-	-	-	0.00	-	-
Non-Cash Adjustments To Reconcile Net Income	118	193	199	131	87	148	53	132	48	68	192
Net Cash From Investing Activities	-98	-57	-91	-53	-27	-52	-37	-56	-12	-32	-33
Net Cash From Continuing Investing Activities	-98	-57	-91	-53	-27	-52	-37	-56	-12	-32	-33
Purchase of Property, Plant & Equipment	-30	-47	-28	-28	-22	-21	-27	-26	-19	-16	-23
Purchase of Investments	-138	-107	-150	-171	-85	-83	-90	-85	-57	-96	-170
Sale and/or Maturity of Investments	81	99	113	146	80	65	79	56	63	80	158
Other Investing Activities, net	-10	-1.65	-26	0.90	0.34	-13	0.71	-0.85	1.42	-0.05	1.41
Net Cash From Financing Activities	-58	-60	-58	-53	-59	-55	-55	-55	-55	-52	-92
Net Cash From Continuing Financing Activities	-58	-60	-58	-53	-59	-55	-55	-55	-55	-52	-92
Payment of Dividends	-64	-59	-59	-59	-59	-55	-55	-55	-55	-52	-52
Other Financing Activities, net	5.19	-0.39	1.56	-	-	-	-	-	-	-	-

This table presents Erie Indemnity's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	2,889	2,472	2,239	2,242	2,117	2,016	1,778	1,666	1,549	1,407
Total Current Assets	1,145	930	779	764	732	891	1,169	802	666	635
Restricted Cash	298	144	142	-	-	-	-	-	-	-
Short-Term Investments	56	91	33	45	24	41	408	78	62	68
Accounts Receivable	707	625	525	479	495	469	450	418	379	348
Prepaid Expenses	84	69	79	56	53	45	37	35	30	25
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,744	1,542	1,461	1,478	1,385	1,125	609	864	883	772
Long-Term Investments	999	879	870	908	911	698	381	733	715	626
Noncurrent Note & Lease Receivables	81	58	61	59	62	61	-	-	25	25
Employee Benefit Assets	21	34	0.00	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	643	570	530	512	399	349	204	112	89	80
Total Liabilities & Shareholders' Equity	2,889	2,472	2,239	2,242	2,117	2,016	1,778	1,666	1,549	1,407
Total Liabilities	901	809	791	900	929	883	805	809	732	638
Total Current Liabilities	803	709	665	631	628	588	547	510	470	446
Accounts Payable	190	176	166	138	151	135	111	105	88	89
Accrued Expenses	408	354	300	271	262	263	242	228	211	196
Customer Deposits	7.51	0.00	-	-	-	-	-	-	-	-
Dividends Payable	64	59	55	52	48	45	42	39	36	34
Current Employee Benefit Liabilities	15	11	12	13	17	11	13	16	20	21
Other Current Liabilities	118	109	132	155	147	132	137	123	115	107
Total Noncurrent Liabilities	99	100	126	269	301	295	258	299	262	192
Noncurrent Deferred & Payable Income Tax Liabilities	6.42	11	14	0.00	-	-	-	-	-	-
Noncurrent Employee Benefit Liabilities	48	47	65	145	179	159	130	222	236	191
Other Noncurrent Operating Liabilities	45	41	47	32	28	40	30	1.90	1.86	1.58
Total Equity & Noncontrolling Interests	1,987	1,663	1,448	1,342	1,188	1,133	974	857	817	770
Total Preferred & Common Equity	1,987	1,663	1,448	1,342	1,188	1,133	974	857	817	770
Total Common Equity	1,987	1,663	1,448	1,342	1,188	1,133	974	857	817	770
Common Stock	19	19	19	19	19	19	19	19	18	18
Retained Earnings	3,162	2,804	2,583	2,495	2,394	2,378	2,231	2,141	2,066	1,994
Treasury Stock	-1,169	-1,169	-1,169	-1,168	-1,164	-1,159	-1,158	-	-	-1,155
Accumulated Other Comprehensive Income / (Loss)	-48	-13	-7.41	-25	-78	-117	-130	-156	-121	-97
Other Equity Adjustments	23	23	23	22	18	13	12	-1,146	-1,146	9.02

This table presents Erie Indemnity's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,968	2,864	2,692	2,556	2,395	2,326	2,224	2,178
Total Current Assets	1,122	1,097	1,020	942	874	873	784	724
Restricted Cash	260	221	171	145	-	-	-	-
Short-Term Investments	64	59	58	86	79	72	66	33
Accounts Receivable	720	737	708	642	621	591	533	544
Prepaid Expenses	78	80	84	69	71	66	63	49
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,846	1,767	1,672	1,614	1,521	1,453	1,440	1,453
Long-Term Investments	1,060	1,008	953	893	845	857	858	849
Noncurrent Note & Lease Receivables	86	80	57	57	60	60	59	61
Employee Benefit Assets	57	64	65	66	65	-	-	-
Other Noncurrent Operating Assets	643	614	597	597	551	535	522	523
Total Liabilities & Shareholders' Equity	2,968	2,864	2,692	2,556	2,395	2,326	2,224	2,178
Total Liabilities	901	916	863	830	783	781	737	821
Total Current Liabilities	812	807	772	728	681	652	612	634
Accounts Payable	211	195	199	213	166	165	168	149
Accrued Expenses	429	426	413	385	358	348	323	310
Customer Deposits	13	7.91	6.35	-	-	-	-	-
Dividends Payable	64	59	59	59	55	55	55	52
Current Employee Benefit Liabilities	9.64	16	8.22	2.94	11	7.67	7.35	8.86
Other Current Liabilities	86	103	86	68	91	76	58	114
Total Noncurrent Liabilities	89	109	91	102	102	129	125	187
Noncurrent Deferred & Payable Income Tax Liabilities	3.70	13	5.19	6.59	11	16	16	-
Noncurrent Employee Benefit Liabilities	49	52	43	47	46	69	66	143
Other Noncurrent Operating Liabilities	36	45	43	48	44	44	43	44
Total Equity & Noncontrolling Interests	2,067	1,948	1,829	1,726	1,612	1,545	1,487	1,357
Total Preferred & Common Equity	2,067	1,948	1,829	1,726	1,612	1,545	1,487	1,357
Total Common Equity	2,067	1,948	1,829	1,726	1,612	1,545	1,487	1,357
Common Stock	19	19	19	19	19	19	19	19
Retained Earnings	3,237	3,074	2,973	2,869	2,752	2,677	2,614	2,573
Treasury Stock	-1,170	-1,169	-1,168	-1,169	-1,169	-1,168	-1,169	-1,168
Accumulated Other Comprehensive Income / (Loss)	-42	1.57	-17	-15	-13	-4.15	0.34	-89
Other Equity Adjustments	23	23	22	23	23	22	23	22

This table displays calculated financial ratios and metrics derived from Erie Indemnity's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.10%	15.07%	7.85%	3.84%	2.39%	3.99%	40.81%	5.96%	6.05%	6.99%
EBITDA Growth	29.09%	41.06%	20.63%	-6.89%	-5.93%	2.76%	20.68%	-1.37%	16.56%	12.55%
EBIT Growth	29.09%	41.06%	20.63%	-6.89%	-5.93%	2.76%	20.68%	-1.37%	16.56%	12.55%
NOPAT Growth	29.85%	38.41%	18.54%	-6.47%	-5.69%	6.77%	47.57%	-6.11%	26.44%	2.69%
Net Income Growth	34.58%	49.40%	0.24%	1.55%	-7.42%	9.92%	46.31%	-6.35%	20.43%	4.28%
EPS Growth	34.58%	-99.12%	16,907.21%	1.43%	-7.43%	9.98%	46.54%	-6.23%	-99.29%	17,677.67%
Operating Cash Flow Growth	60.35%	4.11%	-9.10%	17.57%	-6.02%	38.30%	33.71%	-22.49%	17.00%	16.86%
Free Cash Flow Firm Growth	68.74%	38.00%	40.54%	-41.62%	61.09%	-4.52%	2.83%	-29.14%	29.29%	102.64%
Invested Capital Growth	14.86%	32.41%	30.37%	48.82%	17.79%	233.00%	209.18%	37.77%	-20.97%	-13.16%
Revenue Q/Q Growth	2.89%	3.67%	2.38%	1.02%	0.50%	0.80%	7.96%	1.30%	1.48%	176.08%
EBITDA Q/Q Growth	6.31%	10.01%	6.52%	-1.98%	-1.15%	-2.58%	6.19%	5.95%	5.35%	735.79%
EBIT Q/Q Growth	6.31%	10.01%	6.52%	-1.98%	-1.15%	-2.58%	6.19%	5.95%	5.35%	735.79%
NOPAT Q/Q Growth	6.32%	9.46%	5.80%	-1.36%	-0.67%	-0.79%	11.54%	-4.63%	5.69%	796.50%
Net Income Q/Q Growth	7.35%	11.34%	3.63%	-2.53%	1.10%	-0.85%	11.73%	-6.52%	8.04%	2,297.21%
EPS Q/Q Growth	7.39%	-98.78%	248.72%	-2.57%	1.08%	-0.82%	11.76%	100.71%	-99.63%	17,511.53%
Operating Cash Flow Q/Q Growth	7.95%	5.65%	-2.84%	8.23%	-5.13%	11.43%	4.97%	0.00%	935.74%	193.70%
Free Cash Flow Firm Q/Q Growth	4.70%	59.58%	85.49%	-46.25%	6.40%	-8.57%	5.56%	-15.61%	103.01%	-56.46%
Invested Capital Q/Q Growth	-2.91%	-5.12%	7.05%	40.88%	-4.70%	2.14%	-10.54%	-94.06%	-104.13%	98.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	84.94%
EBITDA Margin	18.13%	16.30%	13.30%	11.89%	13.26%	14.43%	14.61%	17.04%	18.31%	16.66%
Operating Margin	17.82%	15.92%	13.24%	12.08%	13.33%	14.42%	14.45%	17.16%	18.38%	15.45%
EBIT Margin	18.13%	16.30%	13.30%	11.89%	13.26%	14.43%	14.61%	17.04%	18.31%	16.66%
Profit (Net Income) Margin	15.82%	13.65%	10.51%	11.31%	11.56%	12.79%	12.10%	11.64%	13.18%	11.60%
Tax Burden Percent	79.27%	79.38%	79.31%	79.13%	79.59%	79.86%	77.62%	62.40%	65.72%	65.61%
Interest Burden Percent	110.07%	105.44%	99.64%	120.18%	109.55%	110.94%	106.71%	109.49%	109.49%	106.15%
Effective Tax Rate	20.73%	20.62%	20.69%	20.87%	20.41%	20.14%	22.38%	37.60%	34.28%	34.39%
Return on Invested Capital (ROIC)	82.17%	77.46%	73.61%	85.56%	123.11%	218.64%	10,549.99%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	76.71%	74.23%	73.59%	80.81%	120.55%	215.24%	10,547.70%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-49.28%	-48.79%	-52.22%	-62.02%	-97.84%	-188.57%	-10,518.51%	0.00%	0.00%	0.00%
Return on Equity (ROE)	32.89%	28.67%	21.40%	23.54%	25.27%	30.07%	31.48%	23.53%	26.52%	23.72%
Cash Return on Invested Capital (CROIC)	68.33%	49.58%	47.25%	46.32%	106.78%	111.02%	251.75%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	25.67%	22.62%	16.86%	14.37%	16.28%	18.85%	20.21%	17.94%	19.78%	18.40%
Return on Assets (ROA)	22.40%	18.94%	13.32%	13.67%	14.19%	16.70%	16.74%	12.26%	14.23%	12.81%
Return on Common Equity (ROCE)	32.89%	28.67%	21.40%	23.54%	25.27%	30.07%	31.48%	23.53%	26.52%	23.72%
Return on Equity Simple (ROE_SIMPLE)	30.21%	26.83%	20.61%	22.19%	24.69%	27.96%	29.60%	22.98%	25.75%	22.70%
Net Operating Profit after Tax (NOPAT)	536	413	298	252	269	285	267	181	193	153
NOPAT Margin	14.13%	12.63%	10.50%	9.56%	10.61%	11.52%	11.22%	10.71%	12.08%	10.13%
Net Nonoperating Expense Percent (NNEP)	5.46%	3.24%	0.02%	4.75%	2.56%	3.41%	2.29%	1.75%	2.00%	2.75%
Return On Investment Capital (ROIC_SIMPLE)	26.98%	24.84%	20.60%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.06%
SG&A Expenses to Revenue	0.00%	0.00%	86.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	82.18%	84.08%	86.73%	87.92%	86.67%	85.58%	85.55%	82.84%	81.62%	69.50%
Earnings before Interest and Taxes (EBIT)	688	533	378	313	336	358	348	288	292	251
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	688	533	378	313	336	358	348	288	292	251
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.55	9.15	7.65	6.33	8.94	6.15	5.63	5.68	5.36	4.74
Price to Tangible Book Value (P/TBV)	9.55	9.15	7.65	6.33	8.94	6.15	5.63	5.68	5.36	4.74
Price to Revenue (P/Rev)	5.00	4.66	3.90	3.23	4.19	2.81	2.30	2.88	2.74	2.42
Price to Earnings (P/E)	31.61	34.13	37.12	28.53	36.21	22.00	19.03	24.74	20.83	20.86
Dividend Yield	1.24%	1.44%	1.85%	3.34%	2.55%	2.39%	2.83%	2.97%	3.08%	3.52%
Earnings Yield	3.16%	2.93%	2.69%	3.50%	2.76%	4.55%	5.26%	4.04%	4.80%	4.79%
Enterprise Value to Invested Capital (EV/IC)	25.26	23.22	21.88	21.19	40.68	29.85	75.12	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.64	4.32	3.53	2.83	3.79	2.42	1.90	2.32	2.15	1.84
Enterprise Value to EBITDA (EV/EBITDA)	25.62	26.47	26.57	23.81	28.60	16.76	13.01	13.60	11.76	11.03
Enterprise Value to EBIT (EV/EBIT)	25.62	26.47	26.57	23.81	28.60	16.76	13.01	13.60	11.76	11.03
Enterprise Value to NOPAT (EV/NOPAT)	32.87	34.16	33.64	29.62	35.75	21.00	16.94	21.65	17.83	18.14
Enterprise Value to Operating Cash Flow (EV/OCF)	28.83	37.01	27.41	18.51	28.08	16.44	17.18	19.89	13.52	12.73
Enterprise Value to Free Cash Flow (EV/FCFF)	39.52	53.38	52.41	54.71	41.21	41.35	29.84	26.57	16.51	17.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.07	0.08	0.09	0.10	0.09	0.03	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.07	0.08	0.08	0.10	0.09	0.03	0.00
Financial Leverage	-0.64	-0.66	-0.71	-0.77	-0.81	-0.88	-1.00	-1.09	-1.10	-1.09
Leverage Ratio	1.47	1.51	1.61	1.72	1.78	1.80	1.88	1.92	1.86	1.85
Compound Leverage Factor	1.62	1.60	1.60	2.07	1.95	2.00	2.01	2.10	2.04	1.97
Debt to Total Capital	0.00%	0.00%	0.00%	6.53%	7.47%	7.95%	9.29%	8.02%	2.94%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.15%	0.16%	0.16%	0.17%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	6.39%	7.31%	7.79%	9.12%	8.02%	2.94%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	93.47%	92.53%	92.05%	90.71%	91.98%	97.06%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.30	0.29	0.27	0.29	0.26	0.08	0.00
Net Debt to EBITDA	0.00	0.00	0.00	-3.33	-2.97	-2.73	-2.75	-3.30	-3.22	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.29	0.28	0.27	0.28	0.26	0.08	0.00
Debt to NOPAT	0.00	0.00	0.00	0.37	0.36	0.34	0.37	0.41	0.13	0.00
Net Debt to NOPAT	0.00	0.00	0.00	-4.14	-3.71	-3.43	-3.57	-5.25	-4.88	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.36	0.35	0.34	0.37	0.41	0.13	0.00
Altman Z-Score	16.41	15.02	11.91	8.93	10.22	8.38	8.25	7.21	7.26	7.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.43	1.31	1.17	1.21	1.17	1.52	2.14	1.57	1.42	1.43
Quick Ratio	0.95	1.01	0.84	1.12	1.08	1.44	2.05	1.45	1.34	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	446	264	192	136	233	145	152	148	208	161
Operating Cash Flow to CapEx	489.61%	411.46%	546.99%	270.69%	617.14%	359.98%	524.20%	681.46%	1,008.95%	1,731.27%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	95.33	32.98	319.33	169.29	61.70	119.23	2,062.24	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	182.26	97.48	468.67	425.85	107.15	159.23	2,518.18	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	148.94	61.47	392.73	307.55	86.71	135.86	2,268.59	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.39	1.27	1.21	1.23	1.31	1.38	1.05	1.08	1.10
Accounts Receivable Turnover	5.70	5.68	5.66	5.41	5.27	5.39	5.49	4.25	4.39	4.41
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.65
Days Sales Outstanding (DSO)	64.07	64.22	64.50	67.47	69.31	67.67	66.51	85.96	83.05	82.83
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	100.12
Cash Conversion Cycle (CCC)	64.07	64.22	64.50	67.47	69.31	67.67	66.51	85.96	83.05	-17.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	698	607	459	352	236	201	60	-55	-89	-73
Invested Capital Turnover	5.82	6.13	7.01	8.95	11.60	18.98	940.29	-23.50	-19.70	-21.79
Increase / (Decrease) in Invested Capital	90	149	107	115	36	140	116	34	-15	-8.53
Enterprise Value (EV)	17,624	14,107	10,038	7,456	9,621	5,992	4,529	3,922	3,439	2,767
Market Capitalization	18,977	15,222	11,083	8,499	10,620	6,969	5,484	4,873	4,381	3,644
Book Value per Share	$43.02	$36.00	$31.36	$29.06	$25.72	$24.53	$21.08	$18.56	$17.69	$16.66
Tangible Book Value per Share	$43.02	$36.00	$31.36	$29.06	$25.72	$24.53	$21.08	$18.56	$17.69	$16.66
Total Capital	1,987	1,663	1,448	1,436	1,284	1,231	1,073	932	842	770
Total Debt	0.00	0.00	0.00	94	96	98	100	75	25	0.00
Total Long-Term Debt	0.00	0.00	0.00	92	94	96	98	75	25	0.00
Net Debt	-1,353	-1,115	-1,045	-1,042	-1,000	-977	-955	-952	-942	-877
Capital Expenditures (CapEx)	125	93	67	149	56	101	50	29	25	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12	-14	-61	-93	-78	-72	-50	-1.79	-56	-61
Debt-free Net Working Capital (DFNWC)	343	221	114	135	107	306	624	292	196	189
Net Working Capital (NWC)	343	221	114	133	105	304	622	292	196	189
Net Nonoperating Expense (NNE)	-64	-33	-0.19	-46	-24	-31	-21	-16	-17	-22
Net Nonoperating Obligations (NNO)	-1,290	-1,055	-990	-991	-952	-932	-913	-913	-906	-843
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-0.30%	-0.44%	-2.15%	-3.55%	-3.09%	-2.89%	-2.11%	-0.11%	-3.48%	-4.05%
Debt-free Net Working Capital to Revenue	9.03%	6.77%	4.00%	5.12%	4.21%	12.34%	26.18%	17.26%	12.27%	12.58%
Net Working Capital to Revenue	9.03%	6.77%	4.00%	5.04%	4.13%	12.26%	26.11%	17.26%	12.27%	12.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$12.89	$9.58	$6.41	$6.40	$6.30	$6.80	$6.19	$639.23	$4.52	$3.75
Adjusted Weighted Average Basic Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Adjusted Diluted Earnings per Share	$11.48	$8.53	$5.71	$5.69	$5.61	$6.06	$5.51	$637.76	$4.01	$3.33
Adjusted Weighted Average Diluted Shares Outstanding	52.31M	52.30M	52.30M	52.31M	52.31M	52.32M	52.32M	52.34M	52.44M	52.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Normalized Net Operating Profit after Tax (NOPAT)	536	413	298	252	269	285	267	181	193	153
Normalized NOPAT Margin	14.13%	12.63%	10.50%	9.56%	10.61%	11.52%	11.22%	10.71%	12.08%	10.13%
Pre Tax Income Margin	19.95%	17.19%	13.25%	14.29%	14.53%	16.01%	15.59%	18.66%	20.05%	17.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	188.07	75.80	460.16	417.75	141.46	232.91	2,894.58	0.00
NOPAT to Interest Expense	0.00	0.00	148.52	60.92	368.18	333.39	108.65	146.30	1,909.91	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	154.75	39.79	384.22	299.45	121.02	209.54	2,645.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	115.20	24.91	292.24	215.09	88.21	122.94	1,660.33	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.56%	49.70%	69.25%	64.73%	93.04%	52.92%	54.29%	73.99%	64.64%	72.62%
Augmented Payout Ratio	39.56%	49.70%	69.25%	64.73%	93.04%	52.92%	54.29%	73.99%	64.64%	72.62%

This table displays calculated financial ratios and metrics derived from Erie Indemnity's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.34%	13.02%	16.41%	17.93%	17.04%	16.50%	15.97%	15.66%	11.96%	10.36%	7.68%
EBITDA Growth	9.13%	31.39%	19.69%	40.77%	24.89%	59.36%	41.52%	31.75%	34.32%	39.50%	13.19%
EBIT Growth	9.13%	31.39%	19.69%	40.77%	24.89%	59.36%	41.52%	31.75%	34.32%	39.50%	13.19%
NOPAT Growth	9.09%	31.63%	20.66%	41.79%	25.84%	54.84%	40.73%	28.94%	31.04%	33.49%	12.27%
Net Income Growth	11.13%	37.05%	21.97%	39.08%	44.42%	69.38%	55.42%	47.04%	25.68%	18.98%	-6.55%
EPS Growth	0.00%	37.26%	21.91%	39.11%	44.24%	-99.69%	-99.08%	47.06%	25.95%	65,734.29%	15,807.56%
Operating Cash Flow Growth	35.47%	30.33%	277.49%	-0.42%	81.53%	15.93%	-59.98%	59.54%	103.93%	-7.72%	-3.29%
Free Cash Flow Firm Growth	162.32%	188.30%	169.89%	-227.85%	-11,280.45%	-14.69%	1.59%	131.20%	99.01%	37.34%	-228.35%
Invested Capital Growth	12.90%	14.86%	12.25%	34.02%	33.34%	32.41%	49.39%	18.75%	21.51%	30.37%	71.57%
Revenue Q/Q Growth	7.07%	-7.58%	0.95%	12.46%	7.71%	-4.80%	2.27%	11.62%	7.21%	-5.24%	2.00%
EBITDA Q/Q Growth	-9.24%	-5.68%	-6.31%	36.05%	9.27%	-14.07%	10.19%	20.71%	39.43%	-23.69%	2.58%
EBIT Q/Q Growth	-9.24%	-5.68%	-6.31%	36.05%	9.27%	-14.07%	10.19%	20.71%	39.43%	-23.69%	2.58%
NOPAT Q/Q Growth	-9.58%	-7.49%	-4.67%	36.81%	9.09%	-15.19%	12.02%	21.42%	34.24%	-22.92%	2.63%
Net Income Q/Q Growth	-8.95%	-4.88%	-2.49%	31.59%	12.28%	-15.35%	11.19%	36.65%	31.69%	-22.33%	5.20%
EPS Q/Q Growth	0.00%	-4.90%	-2.24%	31.51%	12.26%	-15.54%	11.56%	36.36%	-99.76%	152.64%	17,783.01%
Operating Cash Flow Q/Q Growth	-38.94%	-2.87%	51.55%	50.73%	-41.26%	181.33%	-60.02%	174.77%	-62.49%	-2.87%	59.37%
Free Cash Flow Firm Q/Q Growth	-18.26%	-34.79%	322.99%	47.57%	-15.81%	48.38%	-507.94%	4,767.08%	98.83%	55.71%	-29.33%
Invested Capital Q/Q Growth	7.04%	-2.91%	1.66%	6.86%	8.91%	-5.12%	21.37%	6.32%	8.15%	7.05%	-3.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	15.69%	18.51%	18.13%	19.54%	16.15%	15.92%	17.63%	16.37%	15.13%	11.64%	14.45%
Operating Margin	15.30%	18.11%	18.01%	19.20%	15.76%	15.54%	17.29%	15.97%	14.69%	11.60%	14.38%
EBIT Margin	15.69%	18.51%	18.13%	19.54%	16.15%	15.92%	17.63%	16.37%	15.13%	11.64%	14.45%
Profit (Net Income) Margin	13.99%	16.45%	15.98%	16.55%	14.14%	13.57%	15.26%	14.03%	11.46%	9.33%	11.38%
Tax Burden Percent	79.21%	79.26%	79.58%	79.06%	79.18%	79.28%	80.01%	79.05%	79.01%	79.90%	79.28%
Interest Burden Percent	112.59%	112.17%	110.78%	107.15%	110.60%	107.51%	108.12%	108.46%	95.84%	100.35%	99.36%
Effective Tax Rate	20.79%	20.74%	20.42%	20.94%	20.82%	20.72%	19.99%	20.95%	20.99%	20.10%	20.72%
Return on Invested Capital (ROIC)	67.18%	83.45%	77.83%	87.26%	73.24%	75.55%	81.60%	78.87%	74.98%	64.97%	93.24%
ROIC Less NNEP Spread (ROIC-NNEP)	65.63%	81.80%	76.33%	86.00%	71.82%	74.56%	80.32%	77.64%	75.09%	64.93%	93.25%
Return on Net Nonoperating Assets (RNNOA)	-41.26%	-52.55%	-47.19%	-54.53%	-45.94%	-49.01%	-51.40%	-51.48%	-51.02%	-46.07%	-69.32%
Return on Equity (ROE)	25.92%	30.91%	30.64%	32.73%	27.30%	26.55%	30.21%	27.39%	23.96%	18.90%	23.92%
Cash Return on Invested Capital (CROIC)	65.45%	68.33%	62.69%	48.66%	46.66%	49.58%	30.99%	53.42%	51.13%	47.25%	30.44%
Operating Return on Assets (OROA)	22.17%	26.20%	25.44%	27.63%	22.96%	22.09%	24.32%	22.05%	19.88%	14.75%	18.17%
Return on Assets (ROA)	19.77%	23.29%	22.43%	23.40%	20.10%	18.83%	21.04%	18.90%	15.05%	11.83%	14.31%
Return on Common Equity (ROCE)	25.92%	30.91%	30.64%	32.73%	27.30%	26.55%	30.21%	27.39%	23.96%	18.90%	23.92%
Return on Equity Simple (ROE_SIMPLE)	29.71%	0.00%	28.71%	29.00%	28.06%	0.00%	24.85%	22.91%	21.26%	0.00%	21.24%
Net Operating Profit after Tax (NOPAT)	120	133	143	150	110	101	119	106	87	65	84
NOPAT Margin	12.12%	14.35%	14.34%	15.18%	12.48%	12.32%	13.83%	12.63%	11.61%	9.27%	11.40%
Net Nonoperating Expense Percent (NNEP)	1.55%	1.66%	1.50%	1.27%	1.42%	1.00%	1.29%	1.23%	-0.12%	0.04%	-0.01%
Return On Investment Capital (ROIC_SIMPLE)	5.80%	6.67%	-	-	-	6.06%	-	-	-	4.49%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	85.70%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	84.70%	81.89%	81.99%	80.80%	84.24%	84.46%	82.71%	84.03%	85.31%	88.23%	85.70%
Earnings before Interest and Taxes (EBIT)	155	171	181	194	142	130	151	137	114	82	107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	155	171	181	194	142	130	151	137	114	82	107
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	9.33	9.55	12.77	9.12	10.71	9.15	8.28	6.15	7.04	7.65	7.36
Price to Tangible Book Value (P/TBV)	9.33	9.55	12.77	9.12	10.71	9.15	8.28	6.15	7.04	7.65	7.36
Price to Revenue (P/Rev)	4.94	5.00	6.74	4.70	5.44	4.66	4.23	3.13	3.58	3.90	3.60
Price to Earnings (P/E)	31.41	31.61	44.49	31.45	38.17	34.13	33.31	26.86	33.11	37.12	34.64
Dividend Yield	1.24%	1.24%	0.93%	1.37%	1.21%	1.44%	1.62%	2.24%	1.99%	1.85%	2.02%
Earnings Yield	3.18%	3.16%	2.25%	3.18%	2.62%	2.93%	3.00%	3.72%	3.02%	2.69%	2.89%
Enterprise Value to Invested Capital (EV/IC)	23.97	25.26	32.82	21.93	26.25	23.22	19.24	15.99	18.99	21.88	21.00
Enterprise Value to Revenue (EV/Rev)	4.59	4.64	6.39	4.37	5.11	4.32	3.91	2.78	3.23	3.53	3.24
Enterprise Value to EBITDA (EV/EBITDA)	25.54	25.62	36.45	25.11	30.94	26.47	25.42	19.16	23.16	26.57	25.38
Enterprise Value to EBIT (EV/EBIT)	25.54	25.62	36.45	25.11	30.94	26.47	25.42	19.16	23.16	26.57	25.38
Enterprise Value to NOPAT (EV/NOPAT)	32.78	32.87	46.77	32.31	39.88	34.16	32.64	24.60	29.53	33.64	31.91
Enterprise Value to Operating Cash Flow (EV/OCF)	27.88	28.83	41.66	36.92	41.31	37.01	34.13	19.17	24.12	27.41	23.88
Enterprise Value to Free Cash Flow (EV/FCFF)	38.85	39.52	55.38	51.61	64.30	53.38	74.37	32.49	40.75	52.41	87.17
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.63	-0.64	-0.62	-0.63	-0.64	-0.66	-0.64	-0.66	-0.68	-0.71	-0.74
Leverage Ratio	1.46	1.47	1.48	1.49	1.49	1.51	1.54	1.56	1.58	1.61	1.67
Compound Leverage Factor	1.64	1.65	1.64	1.59	1.65	1.63	1.67	1.69	1.51	1.61	1.66
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	15.99	15.82	19.41	14.81	16.56	14.48	13.46	10.53	11.74	11.47	10.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.38	1.43	1.36	1.32	1.29	1.31	1.28	1.34	1.28	1.17	1.14
Quick Ratio	0.96	0.95	0.99	0.99	1.00	1.01	1.18	1.24	1.18	0.84	1.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	35	42	65	-29	-56	-48	-93	23	-0.49	-42	-94
Operating Cash Flow to CapEx	398.05%	414.76%	718.67%	468.68%	388.46%	722.46%	194.71%	510.33%	250.92%	784.63%	579.36%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-820.59
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,146.38
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	948.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.41	1.42	1.40	1.41	1.42	1.39	1.38	1.35	1.31	1.27	1.26
Accounts Receivable Turnover	5.73	5.70	5.43	5.46	5.78	5.68	5.41	5.37	5.77	5.66	5.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	63.65	64.07	67.17	66.83	63.12	64.22	67.43	67.91	63.23	64.50	68.91
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	63.65	64.07	67.17	66.83	63.12	64.22	67.43	67.91	63.23	64.50	68.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	747	698	719	707	662	607	640	527	496	459	429
Invested Capital Turnover	5.54	5.82	5.43	5.75	5.87	6.13	5.90	6.25	6.46	7.01	8.18
Increase / (Decrease) in Invested Capital	85	90	78	179	165	149	212	83	88	107	179
Enterprise Value (EV)	17,906	17,624	23,588	15,501	17,366	14,107	12,316	8,433	9,422	10,038	9,001
Market Capitalization	19,290	18,977	24,877	16,682	18,490	15,222	13,343	9,506	10,469	11,083	9,981
Book Value per Share	$44.76	$43.02	$42.17	$39.59	$37.37	$36.00	$34.90	$33.45	$32.19	$31.36	$29.37
Tangible Book Value per Share	$44.76	$43.02	$42.17	$39.59	$37.37	$36.00	$34.90	$33.45	$32.19	$31.36	$29.37
Total Capital	2,067	1,987	1,948	1,829	1,726	1,663	1,612	1,545	1,487	1,448	1,357
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,384	-1,353	-1,289	-1,181	-1,124	-1,115	-1,027	-1,073	-1,046	-1,045	-980
Capital Expenditures (CapEx)	30	47	28	28	22	21	27	26	19	16	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-14	-12	10	19	-17	-14	11	5.31	-16	-61	-40
Debt-free Net Working Capital (DFNWC)	310	343	290	248	214	221	193	221	173	114	90
Net Working Capital (NWC)	310	343	290	248	214	221	193	221	173	114	90
Net Nonoperating Expense (NNE)	-19	-19	-16	-14	-15	-10	-12	-12	1.10	-0.42	0.10
Net Nonoperating Obligations (NNO)	-1,320	-1,290	-1,229	-1,122	-1,065	-1,055	-972	-1,017	-991	-990	-928
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-0.36%	-0.30%	0.28%	0.55%	-0.49%	-0.44%	0.36%	0.18%	-0.53%	-2.15%	-1.46%
Debt-free Net Working Capital to Revenue	7.95%	9.03%	7.87%	6.99%	6.31%	6.77%	6.12%	7.27%	5.91%	4.00%	3.25%
Net Working Capital to Revenue	7.95%	9.03%	7.87%	6.99%	6.31%	6.77%	6.12%	7.27%	5.91%	4.00%	3.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$3.27	$3.43	$3.52	$2.67	$2.39	$2.81	$2.53	$1.85	$691.41	$1.81
Adjusted Weighted Average Basic Shares Outstanding	0.00	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Adjusted Diluted Earnings per Share	$0.00	$2.91	$3.06	$3.13	$2.38	$2.12	$2.51	$2.25	$1.65	$691.26	$1.61
Adjusted Weighted Average Diluted Shares Outstanding	0.00	52.31M	52.31M	52.31M	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Normalized Net Operating Profit after Tax (NOPAT)	120	133	143	150	110	101	119	106	87	65	84
Normalized NOPAT Margin	12.12%	14.35%	14.34%	15.18%	12.48%	12.32%	13.83%	12.63%	11.61%	9.27%	11.40%
Pre Tax Income Margin	17.66%	20.76%	20.09%	20.93%	17.86%	17.11%	19.07%	17.75%	14.51%	11.68%	14.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	930.73
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	734.01
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	732.86
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	536.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.35%	39.56%	41.76%	43.28%	46.58%	49.70%	54.40%	60.53%	66.57%	69.25%	70.55%
Augmented Payout Ratio	39.35%	39.56%	41.76%	43.28%	46.58%	49.70%	54.40%	60.53%	66.57%	69.25%	70.55%

Frequently Asked Questions About Erie Indemnity's Financials

When does Erie Indemnity's fiscal year end?

According to the most recent income statement we have on file, Erie Indemnity's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Erie Indemnity's net income changed over the last 9 years?

Erie Indemnity's net income appears to be on an upward trend, with a most recent value of $600.31 million in 2024, rising from $174.68 million in 2015. The previous period was $446.06 million in 2023.

What is Erie Indemnity's operating income?

Erie Indemnity's total operating income in 2024 was $676.46 million, based on the following breakdown:

Total Gross Profit: $3.80 billion
Total Operating Expenses: $3.12 billion

How has Erie Indemnity revenue changed over the last 9 years?

Over the last 9 years, Erie Indemnity's total revenue changed from $1.51 billion in 2015 to $3.80 billion in 2024, a change of 152.1%.

How much debt does Erie Indemnity have?

Erie Indemnity's total liabilities were at $901.36 million at the end of 2024, a 11.4% increase from 2023, and a 41.3% increase since 2015.

How has Erie Indemnity's book value per share changed over the last 9 years?

Over the last 9 years, Erie Indemnity's book value per share changed from 16.66 in 2015 to 43.02 in 2024, a change of 158.3%.

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This page (NASDAQ:ERIE) was last updated on 5/29/2025 by MarketBeat.com Staff

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Erie Indemnity (ERIE) Financials

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Erie Indemnity (ERIE) Financials

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