ERIENasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31
ERIE INDEMNITY CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$242.25−1.46 (-0.60%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
17.6%+4.3 pts over 5 years
Net margin
13.8%+2.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.2% | +12.7% | +9.9% | +10.4% | |
| Operating income | +6.0% | +24.0% | +16.2% | +11.9% | |
| Net income | -6.8% | +23.3% | +13.8% | +12.3% | |
| Free cash flow | +17.4% | +24.1% | +14.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 26.5% | 25.3% | 26.2% | |
| Return on assets | 14.2% | 14.2% | 17.9% | |
| Current ratio | 1.42 | 1.17 | 1.27 | |
| Debt to equity | 0.03 | 0.08 | – | |
| Net debt to EBITDA | -0.53× | -0.18× | – | |
| Interest coverage | 2906.1× | 462.6× | – | |
| Capex to revenue | 1.6% | 2.2% | 2.8% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Erie Indemnity generated $2.45B from operations and spent $1.66B on capital expenditure, dividends and share buybacks. 33% of that went back into the business.
Generated
$2.45B
Used
$1.66B
Capital expenditure$549.19M33%Dividends$1.11B67%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.8%
×Asset turnover1.30×
×Equity multiplier1.46×
=Return on equity, FY202526.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.8% | 1.30× | 1.46× | 26.2% |
| FY2024 | 15.8% | 1.42× | 1.47× | 32.9% |
| FY2023 | 13.6% | 1.39× | 1.51× | 28.7% |
| FY2022 | 10.5% | 1.27× | 1.61× | 21.4% |
| FY2021 | 11.3% | 1.21× | 1.72× | 23.5% |
| FY2020 | 11.6% | 1.23× | 1.78× | 25.3% |
| FY2019 | 12.8% | 1.31× | 1.80× | 30.1% |
| FY2018 | 12.1% | 1.38× | 1.88× | 31.5% |
| FY2017 | 11.6% | 1.05× | 1.92× | 23.5% |
| FY2016 | 13.2% | 1.08× | 1.86× | 26.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$559.34M
- Cash generatingOperating cash flow above zero$686.66M
- Return on assets improvedROA up on the prior year24.3% → 19.4%
- Earnings backed by cashOperating cash flow above net income$686.66M vs $559.34M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.43 → 1.27
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.54 → 1.41