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Stocks / United States / ERIE · Insurance Agents, Brokers & Service · Nasdaq

Erie Indemnity Co. (ERIE)

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Erie Indemnity Co. (ERIE) reported revenue of $1.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 2.8% on the same quarter a year earlier. Net income was $180 million, up 3.2% on the year. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$1.1 billionup 2.8%
Net income$180 millionup 3.2%
Diluted EPSn/a
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE23.4%
ROCE29.9%
Operating margin17.9%
Net margin14.0%
FCF margin13.4%
Interest covern/a
Debt to equity0.00
Cash conversion1.21
Share count, 1 yearn/a
Sales CAGR, 3 years12.7%
Profit CAGR, 3 years23.3%
EPS, TTMn/a

At the close of 21 September 2026

Price$235.95
Market capn/a
Stock P/En/a
Price to bookn/a
EV / EBITDAn/a
Dividend yieldn/a
Market cap / salesn/a
52-week high$329.97
52-week low$207.24
Price, 1 year-25.8%
Price CAGR, 3 years-6.7%
Price CAGR, 5 years5.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Erie Indemnity Co. files it, at the balance sheet of 31 December 2022, the latest that carries it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ERIE

Filings12 in twelve months: 7 current reports (8-K), about 5 other events; 4 results of operations; 2 officer or director change; 1 shareholder vote; 1 code of ethics amendment
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.14 by open interest on 23 September 2026; the straddle prices a 7.5% move to 16 October 2026
Holders7 of the followed funds hold it; largest Geode Capital Management; 1 Schedule 13D or 13G filing in twelve months
Insider trading1 sale and 3 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.6 million shares short, 6.84 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8598188819901,0009249891,0601,0679511,0121,090
Operating income148127139190180167151199209158167204
Operating margin17%16%16%19%18%18%15%19%20%17%16%19%
Interest expense0.00.0n/an/an/an/an/an/an/an/an/an/a
Pre-tax income16414015720720119217522123382.3190228
Tax rate20%21%21%21%20%21%21%21%21%23%21%21%
Net income13111112516416015213817518363.4150180
Net margin15%14%14%17%16%16%14%16%17%7%15%17%
Operating cash flow52.814887.213119919311817821917291.9215
Capital expenditure27.120.522.428.027.746.629.720.335.030.837.441.5
Free cash flow25.712864.710317114788.415718414154.5173
Dividends paid55.455.459.459.459.459.463.663.663.663.668.168.1
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,4071,5061,5971,6922,3822,4772,5362,6342,8403,2693,7954,0674,119
Operating income223233294290344357338318376520676717738
Operating margin15.8%15.4%18.4%17.2%14.5%14.4%13.3%12.1%13.2%15.9%17.8%17.6%17.9%
Interest expensen/an/a0.11.22.50.90.74.12.00.00.0n/an/a
Pre-tax income251266320316371397369376376562757711734
Income tax83.891.611011983.179.975.278.577.9116157151157
Effective tax rate33.3%34.4%34.3%37.6%22.4%20.1%20.4%20.9%20.7%20.6%20.7%21.3%21.3%
Net income168175210197288317293298299446600559577
Net margin11.9%11.6%13.2%11.6%12.1%12.8%11.6%11.3%10.5%13.6%15.8%13.8%14.0%
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flown/a217254197264365343403366381611687698
Capital expenditure19.512.625.228.956.310255.514967.292.6125116145
Free cash flown/a205229168207262287254299289486571553
Free cash flow marginn/a13.6%14.4%9.9%8.7%10.6%11.3%9.6%10.5%8.8%12.8%14.0%13.4%
Depreciation and amortisation15.715.915.114.813.416.821.237.245.947.456.569.5n/a
Buybacks19.70.00.0n/an/an/an/an/an/an/an/an/an/a
Dividends paid119127136146156168273193207222238254263
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 FY2015 FY2016 FY2017 FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets1,3191,4071,5491,6661,7782,0162,1172,2422,2392,4722,8893,3553,557
Cash and equivalents91.7183189216266337161184142144298346283
Receivablesn/an/an/an/an/a469495479525625707736753
Long-term debtn/an/a24.874.797.995.893.891.70.0n/an/an/an/a
Operating lease liabilitiesn/an/an/an/a0.0n/an/an/an/an/an/an/an/a
Shareholders' equity7037708178579741,1331,1881,3421,4481,6631,9872,2832,467
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded10.4%9.9%12.7%3.7%
Profit growth, compounded12.3%13.8%23.3%-7.7%
Return on equity, average25.5%24.9%27.2%24.5%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Insurance Agents, Brokers & Service

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Marsh & Mclennan Companies, Inc. MRSH$82.6 billion21.1125.8%21.6%8.3%1.272.0%
Aon plc AON$61.7 billion16.0340.8%26.5%4.9%1.351.0%
Arthur J. Gallagher & Co. AJG$60.6 billion39.246.6%12.6%26.3%0.571.1%
Willis Towers Watson plc WTW$28.5 billion19.0120.4%22.2%3.0%0.751.2%
Brown & Brown, Inc. BRO$21.2 billion20.549.6%n/a34.2%0.62n/a
Erie Indemnity Co. ERIEn/an/a23.4%17.9%3.7%0.00n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-K31 December 202523 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR
10-Q31 March 202425 April 2024EDGAR

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