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Erie Indemnity (ERIE) Financials

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$216.60 +0.70 (+0.32%)
As of 03:48 PM Eastern
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Annual Income Statements for Erie Indemnity

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 175 210 197 288 317 293 298 299 446 600 659
Consolidated Net Income / (Loss)		 175 210 197 288 317 293 298 299 446 600 559
Net Income / (Loss) Continuing Operations		 175 210 197 288 317 293 298 299 446 600 659
Total Pre-Tax Income 		266 320 316 371 397 369 376 376 562 757 711
Total Operating Income		 233 294 290 344 357 338 318 376 520 676 717
Total Gross Profit		 1,279 1,597 1,692 2,382 2,477 2,536 2,634 2,841 3,269 3,795 4,067
Total Revenue		 1,506 1,597 1,692 2,382 2,477 2,536 2,634 2,841 3,269 3,795 4,067
Operating Revenue		 1,506 1,597 1,692 2,382 2,477 2,536 2,634 2,841 3,269 3,795 4,067
Total Cost of Revenue		 227 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses		 1,046 1,303 1,402 2,038 2,120 2,198 2,316 2,464 2,749 3,119 3,350
Other Operating Expenses / (Income)		 848 1,303 1,402 2,038 2,120 2,198 2,316 - 2,749 3,119 3,350
Total Other Income / (Expense), net		 34 27 25 27 40 30 58 0.24 42 81 93
Interest & Investment Income		 15 28 29 26 40 33 67 0.63 29 69 85
Other Income / (Expense), net		 18 -1.16 -1.91 3.64 0.26 -1.78 -4.89 1.62 13 12 8.56
Income Tax Expense		 92 110 119 83 80 75 79 78 116 157 151
Basic Earnings per Share		 $566.75 $4.52 $4.23 $6.19 $6.80 $6.30 $6.40 $968.41 $9.58 $12.89 $12.01
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 46.19M
Diluted Earnings per Share		 $565.33 $4.01 $3.76 $5.51 $6.06 $5.61 $5.69 $967.71 $8.53 $11.48 $10.69
Weighted Average Diluted Shares Outstanding		 52.50M 52.44M 52.34M 52.32M 52.32M 52.31M 52.31M 52.30M 52.30M 52.31M 52.31M
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 46.19M

Quarterly Income Statements for Erie Indemnity

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 131 111 125 164 160 152 138 175 183 163 150
Consolidated Net Income / (Loss)		 131 111 125 164 160 152 138 175 183 63 150
Net Income / (Loss) Continuing Operations		 131 111 125 164 160 152 138 175 183 163 150
Total Pre-Tax Income 		164 140 157 207 201 192 175 221 233 82 190
Total Operating Income		 148 127 139 190 180 167 151 199 209 158 167
Total Gross Profit		 859 818 881 990 1,000 924 989 1,060 1,067 951 1,012
Total Revenue		 859 818 881 990 1,000 924 989 1,060 1,067 951 1,012
Operating Revenue		 859 818 881 990 1,000 924 989 1,060 1,067 951 1,012
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 710 691 742 800 820 757 838 861 858 793 845
Total Other Income / (Expense), net		 15 13 18 17 21 24 23 22 24 25 24
Interest & Investment Income		 12 9.77 15 14 20 21 20 20 22 24 22
Other Income / (Expense), net		 3.00 3.07 3.41 3.29 1.17 3.69 3.83 1.97 2.29 0.46 1.42
Income Tax Expense		 33 29 33 43 41 40 36 46 50 19 40
Basic Earnings per Share		 $2.81 $2.39 - - - $3.27 $2.97 - - - $3.23
Weighted Average Basic Shares Outstanding		 46.19M 46.19M 0.00 0.00 0.00 46.19M 46.19M 0.00 0.00 46.19M 46.19M
Diluted Earnings per Share		 $2.51 $2.12 - - - $2.91 $2.65 - - - $2.88
Weighted Average Diluted Shares Outstanding		 52.30M 52.30M 0.00 0.00 0.00 52.31M 52.30M 0.00 0.00 52.31M 52.30M
Weighted Average Basic & Diluted Shares Outstanding		 46.19M 46.19M 0.00 0.00 0.00 46.19M 0.00 0.00 0.00 46.19M 46.19M
Cash Dividends to Common per Share		 $1.19 - - - - - $1.37 - - - $1.46

Annual Cash Flow Statements for Erie Indemnity

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 91 6.18 27 51 70 -175 111 -42 1.97 154 151
Net Cash From Operating Activities		 217 254 197 264 365 343 403 366 381 611 687
Net Cash From Continuing Operating Activities		 165 201 197 264 365 426 491 366 381 611 791
Net Income / (Loss) Continuing Operations		 -26 -27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Non-Cash Adjustments To Reconcile Net Income		 184 227 202 266 365 426 491 368 381 611 791
Net Cash From Investing Activities		 0.62 -137 -75 -81 -125 -243 -185 -107 -158 -227 -439
Net Cash From Continuing Investing Activities		 0.62 -137 -75 -81 -125 -243 -185 -107 -158 -227 -439
Purchase of Property, Plant & Equipment		 -13 -25 -29 -56 -102 -56 -149 -67 -93 -125 -116
Purchase of Investments		 -229 -370 -392 -397 -1,025 -477 -440 -484 -316 -514 -730
Sale and/or Maturity of Investments		 242 257 350 377 1,011 292 400 447 263 438 429
Other Investing Activities, net		 - 1.59 -4.21 -11 -9.69 -2.63 3.00 -3.11 -12 -26 -23
Net Cash From Financing Activities		 -127 -111 -96 -131 -170 -275 -195 -301 -222 -230 -200
Net Cash From Continuing Financing Activities		 -127 -111 -96 -131 -170 -275 -195 -301 -222 -230 -200
Payment of Dividends		 -127 -136 -146 -156 -168 -273 -193 -207 -222 -238 -254
Other Financing Activities, net		 - - - - - - - 0.00 0.00 7.51 54
Cash Income Taxes Paid		 - - - - - 83 84 - - - 104

Quarterly Cash Flow Statements for Erie Indemnity

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -40 41 0.82 26 51 77 -38 98 211 -119 -77
Net Cash From Operating Activities		 53 148 87 131 199 193 118 178 219 172 92
Net Cash From Continuing Operating Activities		 53 148 87 131 199 193 118 178 219 276 92
Net Income / (Loss) Continuing Operations		 - - 0.00 - - - 0.00 - - - 0.00
Non-Cash Adjustments To Reconcile Net Income		 53 148 87 131 199 193 118 178 219 276 92
Net Cash From Investing Activities		 -37 -52 -27 -53 -91 -57 -98 -39 36 -338 -89
Net Cash From Continuing Investing Activities		 -37 -52 -27 -53 -91 -57 -98 -39 36 -338 -89
Purchase of Property, Plant & Equipment		 -27 -21 -22 -28 -28 -47 -30 -20 -35 -31 -37
Purchase of Investments		 -90 -83 -85 -171 -150 -107 -138 -85 -14 -493 -190
Sale and/or Maturity of Investments		 79 65 80 146 113 99 81 67 95 186 151
Other Investing Activities, net		 0.71 -13 0.34 0.90 -26 -1.65 -10 -0.87 -10 -1.24 -12
Net Cash From Financing Activities		 -55 -55 -59 -53 -58 -60 -58 -41 -44 -56 -80
Net Cash From Continuing Financing Activities		 -55 -55 -59 -53 -58 -60 -58 -41 -44 -56 -80
Payment of Dividends		 -55 -55 -59 -59 -59 -59 -64 -64 -64 -64 -68
Other Financing Activities, net		 - - 0.00 - 1.56 -0.39 5.19 22 19 7.61 -12

Annual Balance Sheets for Erie Indemnity

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,407 1,549 1,666 1,778 2,016 2,117 2,242 2,239 2,472 2,889 3,355
Total Current Assets		 635 666 802 1,169 891 732 764 779 930 1,145 1,199
Restricted Cash		 - - - - - - - 142 144 298 346
Short-Term Investments		 68 62 78 408 41 24 45 33 91 56 52
Accounts Receivable		 348 379 418 450 469 495 479 525 625 707 736
Prepaid Expenses		 25 30 35 37 45 53 56 79 69 84 66
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 772 883 864 609 1,125 1,385 1,478 1,461 1,542 1,744 2,156
Long-Term Investments		 626 715 733 381 698 911 908 870 879 999 1,348
Noncurrent Note & Lease Receivables		 25 25 - - 61 62 59 61 58 81 94
Employee Benefit Assets		 - - - - - - - 0.00 34 21 24
Other Noncurrent Operating Assets		 80 89 112 204 349 399 512 530 570 643 691
Total Liabilities & Shareholders' Equity		 1,407 1,549 1,666 1,778 2,016 2,117 2,242 2,239 2,472 2,889 3,355
Total Liabilities		 638 732 809 805 883 929 900 791 809 901 1,072
Total Current Liabilities		 446 470 510 547 588 628 631 665 709 803 946
Accounts Payable		 89 88 105 111 135 151 138 166 176 190 201
Accrued Expenses		 196 211 228 242 263 262 271 300 354 408 425
Customer Deposits		 - - - - - - - - 0.00 7.51 62
Dividends Payable		 34 36 39 42 45 48 52 55 59 64 68
Current Employee Benefit Liabilities		 21 20 16 13 11 17 13 12 11 15 9.40
Other Current Liabilities		 107 115 123 137 132 147 155 132 109 118 180
Total Noncurrent Liabilities		 192 262 299 258 295 301 269 126 100 99 127
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 14 11 6.42 25
Noncurrent Employee Benefit Liabilities		 191 236 222 130 159 179 145 65 47 48 55
Other Noncurrent Operating Liabilities		 1.58 1.86 1.90 30 40 28 32 47 41 45 46
Total Equity & Noncontrolling Interests		 770 817 857 974 1,133 1,188 1,342 1,448 1,663 1,987 2,283
Total Preferred & Common Equity		 770 817 857 974 1,133 1,188 1,342 1,448 1,663 1,987 2,283
Total Common Equity		 770 817 857 974 1,133 1,188 1,342 1,448 1,663 1,987 2,283
Common Stock		 18 18 19 19 19 19 19 19 19 19 19
Retained Earnings		 1,994 2,066 2,141 2,231 2,378 2,394 2,495 2,583 2,804 3,162 3,463
Treasury Stock		 -1,155 - - -1,158 -1,159 -1,164 -1,168 -1,169 -1,169 -1,169 -1,171
Accumulated Other Comprehensive Income / (Loss)		 -97 -121 -156 -130 -117 -78 -25 -7.41 -13 -48 -52
Other Equity Adjustments		 9.02 -1,146 -1,146 12 13 18 22 23 23 23 25

Quarterly Balance Sheets for Erie Indemnity

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 2,178 2,224 2,326 2,395 2,556 2,692 2,864 2,968 3,128 3,324 3,377
Total Current Assets		 724 784 873 874 942 1,020 1,097 1,122 1,269 1,498 1,161
Restricted Cash		 - - - - 145 171 221 260 358 569 269
Short-Term Investments		 33 66 72 79 86 58 59 64 71 75 69
Accounts Receivable		 544 533 591 621 642 708 737 720 769 780 743
Prepaid Expenses		 49 63 66 71 69 84 80 78 71 74 80
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 1,453 1,440 1,453 1,521 1,614 1,672 1,767 1,846 1,859 1,826 2,216
Long-Term Investments		 849 858 857 845 893 953 1,008 1,060 1,084 1,022 1,351
Noncurrent Note & Lease Receivables		 61 59 60 60 57 57 80 86 85 95 102
Employee Benefit Assets		 - - - 65 66 65 64 57 55 52 67
Other Noncurrent Operating Assets		 523 522 535 551 597 597 614 643 635 658 696
Total Liabilities & Shareholders' Equity		 2,178 2,224 2,326 2,395 2,556 2,692 2,864 2,968 3,128 3,324 3,377
Total Liabilities		 821 737 781 783 830 863 916 901 944 1,015 1,023
Total Current Liabilities		 634 612 652 681 728 772 807 812 862 898 900
Accounts Payable		 149 168 165 166 213 199 195 211 193 200 229
Accrued Expenses		 310 323 348 358 385 413 426 429 446 425 440
Customer Deposits		 - - - - - 6.35 7.91 13 35 54 50
Dividends Payable		 52 55 55 55 59 59 59 64 64 64 68
Current Employee Benefit Liabilities		 8.86 7.35 7.67 11 2.94 8.22 16 9.64 7.18 6.70 6.47
Other Current Liabilities		 114 58 76 91 68 86 103 86 116 148 106
Total Noncurrent Liabilities		 187 125 129 102 102 91 109 89 82 118 123
Noncurrent Deferred & Payable Income Tax Liabilities		 - 16 16 11 6.59 5.19 13 3.70 0.48 20 20
Noncurrent Employee Benefit Liabilities		 143 66 69 46 47 43 52 49 45 52 58
Other Noncurrent Operating Liabilities		 44 43 44 44 48 43 45 36 36 46 45
Total Equity & Noncontrolling Interests		 1,357 1,487 1,545 1,612 1,726 1,829 1,948 2,067 2,185 2,309 2,354
Total Preferred & Common Equity		 1,357 1,487 1,545 1,612 1,726 1,829 1,948 2,067 2,185 2,309 2,354
Total Common Equity		 1,357 1,487 1,545 1,612 1,726 1,829 1,948 2,067 2,185 2,309 2,354
Common Stock		 19 19 19 19 19 19 19 19 19 19 19
Retained Earnings		 2,573 2,614 2,677 2,752 2,869 2,973 3,074 3,237 3,348 3,468 3,545
Treasury Stock		 -1,168 -1,169 -1,168 -1,169 -1,169 -1,168 -1,169 -1,170 -1,170 -1,171 -1,171
Accumulated Other Comprehensive Income / (Loss)		 -89 0.34 -4.15 -13 -15 -17 1.57 -42 -36 -31 -64
Other Equity Adjustments		 22 23 22 23 23 22 23 23 24 25 25

Annual Metrics And Ratios for Erie Indemnity

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.99% 6.05% 5.96% 40.81% 3.99% 2.39% 3.84% 7.85% 15.07% 16.10% 7.17%
EBITDA Growth		 12.55% 16.56% -1.37% 20.68% 2.76% -5.93% -6.89% 20.63% 41.06% 29.09% 5.48%
EBIT Growth		 12.55% 16.56% -1.37% 20.68% 2.76% -5.93% -6.89% 20.63% 41.06% 29.09% 5.48%
NOPAT Growth		 2.69% 26.44% -6.11% 47.57% 6.77% -5.69% -6.47% 18.54% 38.41% 29.85% 5.27%
Net Income Growth		 4.28% 20.43% -6.35% 46.31% 9.92% -7.42% 1.55% 0.24% 49.40% 34.58% -6.83%
EPS Growth		 17,677.67% -99.29% -6.23% 46.54% 9.98% -7.43% 1.43% 16,907.21% -99.12% 34.58% -6.88%
Operating Cash Flow Growth		 16.86% 17.00% -22.49% 33.71% 38.30% -6.02% 17.57% -9.10% 4.11% 60.35% 12.34%
Free Cash Flow Firm Growth		 102.64% 29.29% -29.14% 2.83% -4.52% 61.09% -41.62% 40.54% 38.00% 68.74% 47.08%
Invested Capital Growth		 -13.16% -20.97% 37.77% 209.18% 233.00% 17.79% 48.82% 30.37% 32.41% 14.86% -13.10%
Revenue Q/Q Growth		 176.08% 1.48% 1.30% 7.96% 0.80% 0.50% 1.02% 2.38% 3.67% 2.89% 0.67%
EBITDA Q/Q Growth		 735.79% 5.35% 5.95% 6.19% -2.58% -1.15% -1.98% 6.52% 10.01% 6.31% -1.74%
EBIT Q/Q Growth		 735.79% 5.35% 5.95% 6.19% -2.58% -1.15% -1.98% 6.52% 10.01% 6.31% -1.74%
NOPAT Q/Q Growth		 796.50% 5.69% -4.63% 11.54% -0.79% -0.67% -1.36% 5.80% 9.46% 6.32% -1.70%
Net Income Q/Q Growth		 2,297.21% 8.04% -6.52% 11.73% -0.85% 1.10% -2.53% 3.63% 11.34% 7.35% -13.68%
EPS Q/Q Growth		 17,511.53% -99.63% 100.71% 11.76% -0.82% 1.08% -2.57% 248.72% -98.78% 7.39% 0.00%
Operating Cash Flow Q/Q Growth		 193.70% 935.74% 0.00% 4.97% 11.43% -5.13% 8.23% -2.84% 5.65% 7.95% -3.09%
Free Cash Flow Firm Q/Q Growth		 -56.46% 103.01% -15.61% 5.56% -8.57% 6.40% -46.25% 85.49% 59.58% 4.70% 11.91%
Invested Capital Q/Q Growth		 98.97% -104.13% -94.06% -10.54% 2.14% -4.70% 40.88% 7.05% -5.12% -2.91% -14.22%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 84.94% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 16.66% 18.31% 17.04% 14.61% 14.43% 13.26% 11.89% 13.30% 16.30% 18.13% 17.84%
Operating Margin		 15.45% 18.38% 17.16% 14.45% 14.42% 13.33% 12.08% 13.24% 15.92% 17.82% 17.63%
EBIT Margin		 16.66% 18.31% 17.04% 14.61% 14.43% 13.26% 11.89% 13.30% 16.30% 18.13% 17.84%
Profit (Net Income) Margin		 11.60% 13.18% 11.64% 12.10% 12.79% 11.56% 11.31% 10.51% 13.65% 15.82% 13.75%
Tax Burden Percent		 65.61% 65.72% 62.40% 77.62% 79.86% 79.59% 79.13% 79.31% 79.38% 79.27% 78.71%
Interest Burden Percent		 106.15% 109.49% 109.49% 106.71% 110.94% 109.55% 120.18% 99.64% 105.44% 110.07% 97.91%
Effective Tax Rate		 34.39% 34.28% 37.60% 22.38% 20.14% 20.41% 20.87% 20.69% 20.62% 20.73% 21.29%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 10,549.99% 218.64% 123.11% 85.56% 73.61% 77.46% 82.17% 86.58%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 10,547.70% 215.24% 120.55% 80.81% 73.59% 74.23% 76.71% 86.93%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% -10,518.51% -188.57% -97.84% -62.02% -52.22% -48.79% -49.28% -60.38%
Return on Equity (ROE)		 23.72% 26.52% 23.53% 31.48% 30.07% 25.27% 23.54% 21.40% 28.67% 32.89% 26.19%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 251.75% 111.02% 106.78% 46.32% 47.25% 49.58% 68.33% 100.60%
Operating Return on Assets (OROA)		 18.40% 19.78% 17.94% 20.21% 18.85% 16.28% 14.37% 16.86% 22.62% 25.67% 23.25%
Return on Assets (ROA)		 12.81% 14.23% 12.26% 16.74% 16.70% 14.19% 13.67% 13.32% 18.94% 22.40% 17.92%
Return on Common Equity (ROCE)		 23.72% 26.52% 23.53% 31.48% 30.07% 25.27% 23.54% 21.40% 28.67% 32.89% 26.19%
Return on Equity Simple (ROE_SIMPLE)		 22.70% 25.75% 22.98% 29.60% 27.96% 24.69% 22.19% 20.61% 26.83% 30.21% 0.00%
Net Operating Profit after Tax (NOPAT)		 153 193 181 267 285 269 252 298 413 536 565
NOPAT Margin		 10.13% 12.08% 10.71% 11.22% 11.52% 10.61% 9.56% 10.50% 12.63% 14.13% 13.88%
Net Nonoperating Expense Percent (NNEP)		 2.75% 2.00% 1.75% 2.29% 3.41% 2.56% 4.75% 0.02% 3.24% 5.46% -0.35%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 20.60% 24.84% 26.98% 24.72%
Cost of Revenue to Revenue		 15.06% 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		 13.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 86.73% 0.00% 0.00% 0.00%
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		 69.50% 81.62% 82.84% 85.55% 85.58% 86.67% 87.92% 86.73% 84.08% 82.18% 82.37%
Earnings before Interest and Taxes (EBIT)		 251 292 288 348 358 336 313 378 533 688 726
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 251 292 288 348 358 336 313 378 533 688 726
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.74 5.36 5.68 5.63 6.15 8.94 6.33 7.65 9.15 9.55 5.77
Price to Tangible Book Value (P/TBV)		 4.74 5.36 5.68 5.63 6.15 8.94 6.33 7.65 9.15 9.55 5.77
Price to Revenue (P/Rev)		 2.42 2.74 2.88 2.30 2.81 4.19 3.23 3.90 4.66 5.00 3.24
Price to Earnings (P/E)		 20.86 20.83 24.74 19.03 22.00 36.21 28.53 37.12 34.13 31.61 19.98
Dividend Yield		 3.52% 3.08% 2.97% 2.83% 2.39% 2.55% 3.34% 1.85% 1.44% 1.24% 1.91%
Earnings Yield		 4.79% 4.80% 4.04% 5.26% 4.55% 2.76% 3.50% 2.69% 2.93% 3.16% 5.01%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 75.12 29.85 40.68 21.19 21.88 23.22 25.26 18.85
Enterprise Value to Revenue (EV/Rev)		 1.84 2.15 2.32 1.90 2.42 3.79 2.83 3.53 4.32 4.64 2.81
Enterprise Value to EBITDA (EV/EBITDA)		 11.03 11.76 13.60 13.01 16.76 28.60 23.81 26.57 26.47 25.62 15.75
Enterprise Value to EBIT (EV/EBIT)		 11.03 11.76 13.60 13.01 16.76 28.60 23.81 26.57 26.47 25.62 15.75
Enterprise Value to NOPAT (EV/NOPAT)		 18.14 17.83 21.65 16.94 21.00 35.75 29.62 33.64 34.16 32.87 20.24
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.73 13.52 19.89 17.18 16.44 28.08 18.51 27.41 37.01 28.83 16.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 17.18 16.51 26.57 29.84 41.35 41.21 54.71 52.41 53.38 39.52 17.42
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.03 0.09 0.10 0.09 0.08 0.07 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.03 0.09 0.10 0.08 0.08 0.07 0.00 0.00 0.00 0.00
Financial Leverage		 -1.09 -1.10 -1.09 -1.00 -0.88 -0.81 -0.77 -0.71 -0.66 -0.64 -0.69
Leverage Ratio		 1.85 1.86 1.92 1.88 1.80 1.78 1.72 1.61 1.51 1.47 1.46
Compound Leverage Factor		 1.97 2.04 2.10 2.01 2.00 1.95 2.07 1.60 1.60 1.62 1.43
Debt to Total Capital		 0.00% 2.94% 8.02% 9.29% 7.95% 7.47% 6.53% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.17% 0.16% 0.16% 0.15% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 2.94% 8.02% 9.12% 7.79% 7.31% 6.39% 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% 97.06% 91.98% 90.71% 92.05% 92.53% 93.47% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.08 0.26 0.29 0.27 0.29 0.30 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 -3.22 -3.30 -2.75 -2.73 -2.97 -3.33 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.08 0.26 0.28 0.27 0.28 0.29 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.13 0.41 0.37 0.34 0.36 0.37 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 -4.88 -5.25 -3.57 -3.43 -3.71 -4.14 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.13 0.41 0.37 0.34 0.35 0.36 0.00 0.00 0.00 0.00
Altman Z-Score		 7.23 7.26 7.21 8.25 8.38 10.22 8.93 11.91 15.02 16.41 10.83
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		 1.43 1.42 1.57 2.14 1.52 1.17 1.21 1.17 1.31 1.43 1.27
Quick Ratio		 1.34 1.34 1.45 2.05 1.44 1.08 1.12 0.84 1.01 0.95 0.83
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 161 208 148 152 145 233 136 192 264 446 656
Operating Cash Flow to CapEx		 1,731.27% 1,008.95% 681.46% 524.20% 359.98% 617.14% 270.69% 546.99% 411.46% 489.61% 593.52%
Free Cash Flow to Firm to Interest Expense		 0.00 2,062.24 119.23 61.70 169.29 319.33 32.98 95.33 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 2,518.18 159.23 107.15 425.85 468.67 97.48 182.26 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 2,268.59 135.86 86.71 307.55 392.73 61.47 148.94 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.10 1.08 1.05 1.38 1.31 1.23 1.21 1.27 1.39 1.42 1.30
Accounts Receivable Turnover		 4.41 4.39 4.25 5.49 5.39 5.27 5.41 5.66 5.68 5.70 5.64
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		 3.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 82.83 83.05 85.96 66.51 67.67 69.31 67.47 64.50 64.22 64.07 64.73
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)		 100.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 -17.29 83.05 85.96 66.51 67.67 69.31 67.47 64.50 64.22 64.07 64.73
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -73 -89 -55 60 201 236 352 459 607 698 606
Invested Capital Turnover		 -21.79 -19.70 -23.50 940.29 18.98 11.60 8.95 7.01 6.13 5.82 6.24
Increase / (Decrease) in Invested Capital		 -8.53 -15 34 116 140 36 115 107 149 90 -91
Enterprise Value (EV)		 2,767 3,439 3,922 4,529 5,992 9,621 7,456 10,038 14,107 17,624 11,427
Market Capitalization		 3,644 4,381 4,873 5,484 6,969 10,620 8,499 11,083 15,222 18,977 13,172
Book Value per Share		 $16.66 $17.69 $18.56 $21.08 $24.53 $25.72 $29.06 $31.36 $36.00 $43.02 $49.43
Tangible Book Value per Share		 $16.66 $17.69 $18.56 $21.08 $24.53 $25.72 $29.06 $31.36 $36.00 $43.02 $49.43
Total Capital		 770 842 932 1,073 1,231 1,284 1,436 1,448 1,663 1,987 2,283
Total Debt		 0.00 25 75 100 98 96 94 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 25 75 98 96 94 92 0.00 0.00 0.00 0.00
Net Debt		 -877 -942 -952 -955 -977 -1,000 -1,042 -1,045 -1,115 -1,353 -1,745
Capital Expenditures (CapEx)		 13 25 29 50 101 56 149 67 93 125 116
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -61 -56 -1.79 -50 -72 -78 -93 -61 -14 -12 -144
Debt-free Net Working Capital (DFNWC)		 189 196 292 624 306 107 135 114 221 343 254
Net Working Capital (NWC)		 189 196 292 622 304 105 133 114 221 343 254
Net Nonoperating Expense (NNE)		 -22 -17 -16 -21 -31 -24 -46 -0.19 -33 -64 5.18
Net Nonoperating Obligations (NNO)		 -843 -906 -913 -913 -932 -952 -991 -990 -1,055 -1,290 -1,677
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		 -4.05% -3.48% -0.11% -2.11% -2.89% -3.09% -3.55% -2.15% -0.44% -0.30% -3.54%
Debt-free Net Working Capital to Revenue		 12.58% 12.27% 17.26% 26.18% 12.34% 4.21% 5.12% 4.00% 6.77% 9.03% 6.23%
Net Working Capital to Revenue		 12.58% 12.27% 17.26% 26.11% 12.26% 4.13% 5.04% 4.00% 6.77% 9.03% 6.23%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.75 $4.52 $639.23 $6.19 $6.80 $6.30 $6.40 $6.41 $9.58 $12.89 $12.01
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 46.19M
Adjusted Diluted Earnings per Share		 $3.33 $4.01 $637.76 $5.51 $6.06 $5.61 $5.69 $5.71 $8.53 $11.48 $10.69
Adjusted Weighted Average Diluted Shares Outstanding		 52.50M 52.44M 52.34M 52.32M 52.32M 52.31M 52.31M 52.30M 52.30M 52.31M 52.31M
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		 46.19M 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)		 153 193 181 267 285 269 252 298 413 536 565
Normalized NOPAT Margin		 10.13% 12.08% 10.71% 11.22% 11.52% 10.61% 9.56% 10.50% 12.63% 14.13% 13.88%
Pre Tax Income Margin		 17.69% 20.05% 18.66% 15.59% 16.01% 14.53% 14.29% 13.25% 17.19% 19.95% 17.47%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 2,894.58 232.91 141.46 417.75 460.16 75.80 188.07 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 1,909.91 146.30 108.65 333.39 368.18 60.92 148.52 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 2,645.00 209.54 121.02 299.45 384.22 39.79 154.75 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 1,660.33 122.94 88.21 215.09 292.24 24.91 115.20 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 72.62% 64.64% 73.99% 54.29% 52.92% 93.04% 64.73% 69.25% 49.70% 39.56% 45.46%
Augmented Payout Ratio		 72.62% 64.64% 73.99% 54.29% 52.92% 93.04% 64.73% 69.25% 49.70% 39.56% 45.46%

Quarterly Metrics And Ratios for Erie Indemnity

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 46,191,610.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 46,191,610.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 3.26
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.97% 16.50% 17.04% 17.93% 16.41% 13.02% 12.34% 7.03% 6.69% 2.91% 2.28%
EBITDA Growth		 41.52% 59.36% 24.89% 40.77% 19.69% 31.39% 9.13% 3.95% 16.50% -7.50% 8.37%
EBIT Growth		 41.52% 59.36% 24.89% 40.77% 19.69% 31.39% 9.13% 3.95% 16.50% -7.50% 8.37%
NOPAT Growth		 40.73% 54.84% 25.84% 41.79% 20.66% 31.63% 9.09% 4.82% 14.50% -8.47% 9.97%
Net Income Growth		 55.42% 69.38% 44.42% 39.08% 21.97% 37.05% 11.13% 6.58% 14.40% -58.31% 8.71%
EPS Growth		 -99.08% -99.69% 44.24% 39.11% 21.91% 37.26% 0.00% 0.00% 0.00% 0.00% 8.68%
Operating Cash Flow Growth		 -59.98% 15.93% 81.53% -0.42% 277.49% 30.33% 35.47% 35.11% 10.16% -11.32% -22.20%
Free Cash Flow Firm Growth		 1.59% -14.69% -11,280.45% -227.85% 169.89% 188.30% 162.32% 545.87% 171.15% 402.79% 321.01%
Invested Capital Growth		 49.39% 32.41% 33.34% 34.02% 12.25% 14.86% 12.90% 3.94% -1.65% -13.10% -1.84%
Revenue Q/Q Growth		 2.27% -4.80% 7.71% 12.46% 0.95% -7.58% 7.07% 7.15% 0.63% -10.85% 6.40%
EBITDA Q/Q Growth		 10.19% -14.07% 9.27% 36.05% -6.31% -5.68% -9.24% 29.60% 5.00% -25.11% 6.34%
EBIT Q/Q Growth		 10.19% -14.07% 9.27% 36.05% -6.31% -5.68% -9.24% 29.60% 5.00% -25.11% 6.34%
NOPAT Q/Q Growth		 12.02% -15.19% 9.09% 36.81% -4.67% -7.49% -9.58% 31.45% 4.13% -26.04% 8.63%
Net Income Q/Q Growth		 11.19% -15.35% 12.28% 31.59% -2.49% -4.88% -8.95% 26.20% 4.68% -65.34% 137.42%
EPS Q/Q Growth		 11.56% -15.54% 12.26% 31.51% -2.24% -4.90% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -60.02% 181.33% -41.26% 50.73% 51.55% -2.87% -38.94% 50.34% 23.56% -21.81% -46.44%
Free Cash Flow Firm Q/Q Growth		 -507.94% 48.38% -15.81% 47.57% 322.99% -34.79% -18.26% 275.14% 35.61% 20.92% -31.56%
Invested Capital Q/Q Growth		 21.37% -5.12% 8.91% 6.86% 1.66% -2.91% 7.04% -1.62% -3.81% -14.22% 20.91%
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		 17.63% 15.92% 16.15% 19.54% 18.13% 18.51% 15.69% 18.97% 19.80% 16.63% 16.62%
Operating Margin		 17.29% 15.54% 15.76% 19.20% 18.01% 18.11% 15.30% 18.79% 19.59% 16.58% 16.48%
EBIT Margin		 17.63% 15.92% 16.15% 19.54% 18.13% 18.51% 15.69% 18.97% 19.80% 16.63% 16.62%
Profit (Net Income) Margin		 15.26% 13.57% 14.14% 16.55% 15.98% 16.45% 13.99% 16.48% 17.14% 6.66% 14.87%
Tax Burden Percent		 80.01% 79.28% 79.18% 79.06% 79.58% 79.26% 79.21% 79.13% 78.56% 76.97% 79.06%
Interest Burden Percent		 108.12% 107.51% 110.60% 107.15% 110.78% 112.17% 112.59% 109.74% 110.21% 52.06% 113.15%
Effective Tax Rate		 19.99% 20.72% 20.82% 20.94% 20.42% 20.74% 20.79% 20.87% 21.44% 23.03% 20.94%
Return on Invested Capital (ROIC)		 81.60% 75.55% 73.24% 87.26% 77.83% 83.45% 67.18% 81.95% 87.22% 79.62% 72.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 80.32% 74.56% 71.82% 86.00% 76.33% 81.80% 65.63% 80.62% 85.89% 83.53% 70.75%
Return on Net Nonoperating Assets (RNNOA)		 -51.40% -49.01% -45.94% -54.53% -47.19% -52.55% -41.26% -51.66% -57.13% -58.02% -47.07%
Return on Equity (ROE)		 30.21% 26.55% 27.30% 32.73% 30.64% 30.91% 25.92% 30.29% 30.09% 21.60% 24.95%
Cash Return on Invested Capital (CROIC)		 30.99% 49.58% 46.66% 48.66% 62.69% 68.33% 65.45% 72.91% 82.24% 100.60% 79.76%
Operating Return on Assets (OROA)		 24.32% 22.09% 22.96% 27.63% 25.44% 26.20% 22.17% 25.91% 25.85% 21.67% 21.43%
Return on Assets (ROA)		 21.04% 18.83% 20.10% 23.40% 22.43% 23.29% 19.77% 22.50% 22.38% 8.68% 19.17%
Return on Common Equity (ROCE)		 30.21% 26.55% 27.30% 32.73% 30.64% 30.91% 25.92% 30.29% 30.09% 21.60% 24.95%
Return on Equity Simple (ROE_SIMPLE)		 24.85% 0.00% 28.06% 29.00% 28.71% 0.00% 29.71% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 119 101 110 150 143 133 120 158 164 121 132
NOPAT Margin		 13.83% 12.32% 12.48% 15.18% 14.34% 14.35% 12.12% 14.87% 15.39% 12.76% 13.03%
Net Nonoperating Expense Percent (NNEP)		 1.29% 1.00% 1.42% 1.27% 1.50% 1.66% 1.55% 1.33% 1.32% -3.91% 1.27%
Return On Investment Capital (ROIC_SIMPLE)		 - 6.06% - - - 6.67% 5.80% 7.21% 7.11% 5.32% 5.60%
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% 0.00%
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		 82.71% 84.46% 84.24% 80.80% 81.99% 81.89% 84.70% 81.21% 80.42% 83.42% 83.52%
Earnings before Interest and Taxes (EBIT)		 151 130 142 194 181 171 155 201 211 158 168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 151 130 142 194 181 171 155 201 211 158 168
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.28 9.15 10.71 9.12 12.77 9.55 9.33 7.30 6.34 5.77 4.90
Price to Tangible Book Value (P/TBV)		 8.28 9.15 10.71 9.12 12.77 9.55 9.33 7.30 6.34 5.77 4.90
Price to Revenue (P/Rev)		 4.23 4.66 5.44 4.70 6.74 5.00 4.94 4.02 3.62 3.24 2.82
Price to Earnings (P/E)		 33.31 34.13 38.17 31.45 44.49 31.61 31.41 25.53 22.58 19.98 17.19
Dividend Yield		 1.62% 1.44% 1.21% 1.37% 0.93% 1.24% 1.24% 1.53% 1.70% 1.91% 2.22%
Earnings Yield		 3.00% 2.93% 2.62% 3.18% 2.25% 3.16% 3.18% 3.92% 4.43% 5.01% 5.82%
Enterprise Value to Invested Capital (EV/IC)		 19.24 23.22 26.25 21.93 32.82 25.26 23.97 19.65 18.35 18.85 13.44
Enterprise Value to Revenue (EV/Rev)		 3.91 4.32 5.11 4.37 6.39 4.64 4.59 3.63 3.21 2.81 2.41
Enterprise Value to EBITDA (EV/EBITDA)		 25.42 26.47 30.94 25.11 36.45 25.62 25.54 20.38 17.56 15.75 13.34
Enterprise Value to EBIT (EV/EBIT)		 25.42 26.47 30.94 25.11 36.45 25.62 25.54 20.38 17.56 15.75 13.34
Enterprise Value to NOPAT (EV/NOPAT)		 32.64 34.16 39.88 32.31 46.77 32.87 32.78 26.09 22.58 20.24 17.09
Enterprise Value to Operating Cash Flow (EV/OCF)		 34.13 37.01 41.31 36.92 41.66 28.83 27.88 20.98 18.30 16.64 14.92
Enterprise Value to Free Cash Flow (EV/FCFF)		 74.37 53.38 64.30 51.61 55.38 39.52 38.85 27.47 22.12 17.42 16.69
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		 -0.64 -0.66 -0.64 -0.63 -0.62 -0.64 -0.63 -0.64 -0.67 -0.69 -0.67
Leverage Ratio		 1.54 1.51 1.49 1.49 1.48 1.47 1.46 1.45 1.45 1.46 1.44
Compound Leverage Factor		 1.67 1.63 1.65 1.59 1.64 1.65 1.64 1.59 1.60 0.76 1.62
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		 13.46 14.48 16.56 14.81 19.41 15.82 15.99 13.28 11.75 10.27 9.71
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		 1.28 1.31 1.29 1.32 1.36 1.43 1.38 1.47 1.67 1.27 1.29
Quick Ratio		 1.18 1.01 1.00 0.99 0.99 0.95 0.96 0.98 0.95 0.83 0.90
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -93 -48 -56 -29 65 42 35 130 176 213 146
Operating Cash Flow to CapEx		 194.71% 722.46% 388.46% 468.68% 718.67% 414.76% 398.05% 876.62% 626.98% 557.60% 245.61%
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 0.00
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 0.00
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 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.38 1.39 1.42 1.41 1.40 1.42 1.41 1.37 1.31 1.30 1.29
Accounts Receivable Turnover		 5.41 5.68 5.78 5.46 5.43 5.70 5.73 5.38 5.33 5.64 5.59
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)		 67.43 64.22 63.12 66.83 67.17 64.07 63.65 67.85 68.54 64.73 65.29
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)		 67.43 64.22 63.12 66.83 67.17 64.07 63.65 67.85 68.54 64.73 65.29
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 640 607 662 707 719 698 747 735 707 606 733
Invested Capital Turnover		 5.90 6.13 5.87 5.75 5.43 5.82 5.54 5.51 5.67 6.24 5.53
Increase / (Decrease) in Invested Capital		 212 149 165 179 78 90 85 28 -12 -91 -14
Enterprise Value (EV)		 12,316 14,107 17,366 15,501 23,588 17,624 17,906 14,441 12,968 11,427 9,853
Market Capitalization		 13,343 15,222 18,490 16,682 24,877 18,977 19,290 15,955 14,633 13,172 11,542
Book Value per Share		 $34.90 $36.00 $37.37 $39.59 $42.17 $43.02 $44.76 $47.29 $49.98 $49.43 $50.95
Tangible Book Value per Share		 $34.90 $36.00 $37.37 $39.59 $42.17 $43.02 $44.76 $47.29 $49.98 $49.43 $50.95
Total Capital		 1,612 1,663 1,726 1,829 1,948 1,987 2,067 2,185 2,309 2,283 2,354
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		 -1,027 -1,115 -1,124 -1,181 -1,289 -1,353 -1,384 -1,513 -1,666 -1,745 -1,689
Capital Expenditures (CapEx)		 27 21 22 28 28 47 30 20 35 31 37
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 11 -14 -17 19 10 -12 -14 -21 -43 -144 -77
Debt-free Net Working Capital (DFNWC)		 193 221 214 248 290 343 310 408 600 254 261
Net Working Capital (NWC)		 193 221 214 248 290 343 310 408 600 254 261
Net Nonoperating Expense (NNE)		 -12 -10 -15 -14 -16 -19 -19 -17 -19 58 -19
Net Nonoperating Obligations (NNO)		 -972 -1,055 -1,065 -1,122 -1,229 -1,290 -1,320 -1,450 -1,602 -1,677 -1,620
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% -0.44% -0.49% 0.55% 0.28% -0.30% -0.36% -0.54% -1.07% -3.54% -1.88%
Debt-free Net Working Capital to Revenue		 6.12% 6.77% 6.31% 6.99% 7.87% 9.03% 7.95% 10.26% 14.86% 6.23% 6.38%
Net Working Capital to Revenue		 6.12% 6.77% 6.31% 6.99% 7.87% 9.03% 7.95% 10.26% 14.86% 6.23% 6.38%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.81 $2.39 $2.67 $3.52 $3.43 $3.27 $0.00 $0.00 $0.00 $0.00 $3.23
Adjusted Weighted Average Basic Shares Outstanding		 46.19M 46.19M 46.19M 46.19M 46.19M 46.19M 0.00 0.00 0.00 46.19M 46.19M
Adjusted Diluted Earnings per Share		 $2.51 $2.12 $2.38 $3.13 $3.06 $2.91 $0.00 $0.00 $0.00 $0.00 $2.88
Adjusted Weighted Average Diluted Shares Outstanding		 52.30M 52.30M 52.30M 52.31M 52.31M 52.31M 0.00 0.00 0.00 52.31M 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		 46.19M 46.19M 46.19M 46.19M 46.19M 46.19M 0.00 0.00 0.00 46.19M 46.19M
Normalized Net Operating Profit after Tax (NOPAT)		 119 101 110 150 143 133 120 158 164 121 132
Normalized NOPAT Margin		 13.83% 12.32% 12.48% 15.18% 14.34% 14.35% 12.12% 14.87% 15.39% 12.76% 13.03%
Pre Tax Income Margin		 19.07% 17.11% 17.86% 20.93% 20.09% 20.76% 17.66% 20.82% 21.82% 8.66% 18.81%
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 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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 0.00
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 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 54.40% 49.70% 46.58% 43.28% 41.76% 39.56% 39.35% 39.35% 38.59% 45.46% 45.30%
Augmented Payout Ratio		 54.40% 49.70% 46.58% 43.28% 41.76% 39.56% 39.35% 39.35% 38.59% 45.46% 45.30%

Financials Breakdown Chart

Key Financial Trends

Erie Indemnity (ERIE) has shown a pattern of rising revenue and earnings over the four-year period covered by these quarterly reports. The company also demonstrates a stable, growing balance sheet and improving operating cash flow, with occasional cash outflows tied to investing and financing activity. Below are the key trends, organized to highlight positives first, then neutral observations, followed by potential negatives.

  • Revenue momentum: Total revenue increased from about $701.84M in 2022 Q4 to $951.02M in 2025 Q4, signaling sustained top-line growth.
  • Rising net income: Net income attributable to common shareholders grew from roughly $65.49M in 2022 Q4 to about $163.38M in 2025 Q4, reflecting improving profitability.
  • Operating cash flow trend: Net cash from continuing operating activities rose through 2025 (Q1: $118.10M; Q2: $177.60M; Q3: $219.41M; Q4: $275.56M), indicating stronger underlying cash generation.
  • Dividend stability: Erie has maintained consistent quarterly dividends around the mid-$63M range, providing a steady return to shareholders.
  • Balance sheet strength: Total equity and retained earnings have trended higher (e.g., Total Common Equity around $2.31B in 2025 Q3; Retained Earnings near $3.35B), which supports capital adequacy and potential per-share value growth.
  • Shareholder value via buybacks: The treasury stock balance is negative in recent quarters, indicating share repurchases which reduce shares outstanding and can support per-share metrics.
  • Cost of revenue robustness: Total Cost of Revenue is often reported as 0.0 in many periods, consistent with Erie Indemnity’s insurance/reciprocal business model and expense structure—this is a normal characteristic rather than a red flag.
  • Occasional restatements: Earlier-year quarters show restatements (e.g., restated or reclassified figures in Q1–Q3 2023/2024 data), which can affect comparability but are disclosed as restatements rather than ongoing misstatements.
  • Quarterly cash burn in select periods: Net change in cash and equivalents turned negative in some quarters, notably -$118.68M in 2025 Q4, reflecting investing/financing outflows despite solid operating cash flow.
  • Margin softness in the latest quarter vs prior year: Operating income for 2025 Q4 was about $157.71M on rising revenue, down from 2024 Q4’s about $167.31M, indicating a modest margin compression in the most recent quarter.
05/11/26 03:49 PM ETAI Generated. May Contain Errors.

Erie Indemnity Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Erie Indemnity's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Erie Indemnity's net income appears to be on an upward trend, with a most recent value of $559.34 million in 2025, rising from $174.68 million in 2015. The previous period was $600.31 million in 2024. Check out Erie Indemnity's forecast to explore projected trends and price targets.

Erie Indemnity's total operating income in 2025 was $717.18 million, based on the following breakdown:
  • Total Gross Profit: $4.07 billion
  • Total Operating Expenses: $3.35 billion

Over the last 10 years, Erie Indemnity's total revenue changed from $1.51 billion in 2015 to $4.07 billion in 2025, a change of 170.2%.

Erie Indemnity's total liabilities were at $1.07 billion at the end of 2025, a 18.9% increase from 2024, and a 68.1% increase since 2015.

Over the last 10 years, Erie Indemnity's book value per share changed from 16.66 in 2015 to 49.43 in 2025, a change of 196.7%.


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Financial statements for NASDAQ:ERIE last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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