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Erie Indemnity Company

Financial Services US ERIE

243.99USD
-11.67(4.56%)

Last update at 2026-03-10T20:01:00Z

Day Range

242.37257.48
LowHigh

52 Week Range

329.69543.88
LowHigh

Fundamentals

  • Previous Close 255.66
  • Market Cap19926.11M
  • Volume208825
  • P/E Ratio35.58
  • Dividend Yield1.35%
  • EBITDA710.92M
  • Revenue TTM3688.69M
  • Revenue Per Share TTM79.86
  • Gross Profit TTM 636.23M
  • Diluted EPS TTM10.71

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 376.45M 376.40M 368.51M 396.70M 371.32M
Minority interest - - - - -
Net income 298.57M 297.86M 293.30M 316.82M 288.22M
Selling general administrative 58.32M 58.29M - - 1.72M
Selling and marketing expenses - - - - -
Gross profit 2840.76M 2701.31M 2569.36M 2516.61M 2408.83M
Reconciled depreciation 51.72M - - - -
Ebit 378.46M 380.54M 368.51M 396.70M 371.32M
Ebitda 430.18M -286.12100M -266.71700M -212.93200M 373.78M
Depreciation and amortization 51.72M - - - -
Non operating income net other 1.61M 62.44M 31.09M 40.22M 29.44M
Operating income 378.46M -286.12100M -266.71700M -212.93200M 373.78M
Other operating expenses 2464.30M 2324.91M 2200.84M 2119.90M 2037.51M
Interest expense 2.01M 4.13M 0.73M 0.86M 2.46M
Tax provision 77.88M 78.54M 75.21M 79.88M 83.10M
Interest income - - - 39.31M 24.92M
Net interest income -2.00900M -4.13200M -0.73100M -0.85600M -2.46000M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 77.88M 78.54M 75.21M 79.88M 83.10M
Total revenue 2840.76M 2701.31M 2569.36M 2516.61M 2408.83M
Total operating expenses -2462.29500M -2987.43000M -2836.07300M -2729.53700M -2035.05000M
Cost of revenue 2463.91M 2609.93M 2198.33M 2119.96M 2037.87M
Total other income expense net -2.00900M 662.52M 635.23M 609.64M 609.01M
Discontinued operations - - - - -
Net income from continuing ops 298.57M 297.86M 293.30M 316.82M 288.22M
Net income applicable to common shares 298.57M 297.86M 293.30M 316.82M 288.22M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 2510.61M 2239.46M 2242.06M 2117.12M 2016.24M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets -860.86800M 87.50M 62.51M 58.73M 521.86M
Total liab 847.77M 791.05M 899.58M 929.07M 882.99M
Total stockholder equity 1662.84M 1448.41M 1342.48M 1188.05M 1133.25M
Deferred long term liab - 27.80M 14.57M 14.90M 13.73M
Other current liab -41.21000M -502.49000M -446.09600M -451.99200M -435.83700M
Common stock 2.17M 2.17M 2.17M 2.17M 2.17M
Capital stock 2.17M 2.17M 2.17M 2.17M 2.17M
Retained earnings 2803.69M 2583.26M 2495.19M 2393.62M 2377.56M
Other liab - 125.94M 176.98M 207.57M 188.77M
Good will - - - - -
Other assets 38.64M 167.07M 132.21M 153.22M 131.60M
Cash 144.06M 142.09M 183.70M 161.24M 336.74M
Cash and equivalents - - - - -
Total current liabilities 708.98M 502.49M 446.10M 451.99M 435.84M
Current deferred revenue 41.21M 36.55M 34.94M 36.92M 35.94M
Net debt -144.05500M -142.09000M -89.87000M -65.37600M -238.91800M
Short term debt 533.36M 300.03M 2.10M 2.03M 1.98M
Short long term debt - 0.00000M 2.10M 2.03M 1.98M
Short long term debt total - - 93.83M 95.86M 97.82M
Other stockholder equity -1152.69900M -1129.60900M -1129.59400M -1129.60300M -1129.60700M
Property plant equipment - 413.87M 374.80M 265.34M 243.78M
Total current assets 930.19M 691.29M 701.22M 676.24M 838.65M
Long term investments 1045.49M 930.93M 966.37M 972.99M 724.67M
Net tangible assets - 1448.41M 1342.48M 1188.05M 1133.25M
Short term investments 82.02M 24.27M 38.40M 17.70M 32.81M
Net receivables 634.80M 524.94M 479.12M 497.30M 469.10M
Long term debt - - 91.73M 93.83M 95.84M
Inventory 0.00000M -87.50200M -62.50900M -58.72600M -521.85500M
Accounts payable 175.62M 465.94M 409.06M 413.04M 397.92M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 9.68M -7.41400M -25.28800M -78.14300M -116.86800M
Additional paid in capital - - - - -
Common stock total equity - 2.17M 2.17M 2.17M 2.17M
Preferred stock total equity - - - - -
Retained earnings total equity - 2583.26M 2495.19M 2393.62M 2377.56M
Treasury stock - - - - -1158.91000M
Accumulated amortization - - - - -
Non currrent assets other 146.57M -14.07500M -1408.63000M -1287.66700M -1045.98800M
Deferred long term asset charges - - - - -
Non current assets total 1541.78M 1381.10M 1408.63M 1287.67M 1045.99M
Capital lease obligations - - - - -
Long term debt total - - 91.73M 93.83M 95.84M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -41.51000M -36.69000M -187.71200M -23.37200M -31.11500M
Change to liabilities 20.81M -7.99900M -12.88500M -0.98100M 14.25M
Total cashflows from investing activities -106.92200M -185.49000M -243.22500M -124.63400M -81.39800M
Net borrowings -94.07000M -2.04100M -1.96700M -1.92000M 24.98M
Total cash from financing activities -300.84200M -194.84200M -274.86900M -169.57100M -131.49100M
Change to operating activities -9.64600M 78.44M 32.49M 29.73M -55.97500M
Net income 298.57M 297.86M 293.30M 316.82M 288.22M
Change in cash -41.61200M 22.46M -175.49900M 70.32M 50.70M
Begin period cash flow 183.70M 161.24M 336.74M 266.42M 215.72M
End period cash flow 142.09M 183.70M 161.24M 336.74M 266.42M
Total cash from operating activities 366.15M 297.86M 342.60M 364.53M 288.22M
Issuance of capital stock - - - - -
Depreciation 51.72M 49.10M 34.30M 30.77M 13.37M
Other cashflows from investing activities 1.79M - 0.01M 0.78M 6.01M
Dividends paid -206.77200M -192.80100M -272.90200M -167.65100M 156.47M
Change to inventory - - - - -
Change to account receivables -45.81400M 15.51M -26.54800M -19.50500M -30.80400M
Sale purchase of stock - - - - -
Other cashflows from financing activities 55.00M -185.49000M -243.22500M -124.63400M 24.98M
Change to netincome -263.52400M -235.29400M -253.54500M -234.19700M -200.86300M
Capital expenditures 67.20M 148.80M 55.53M 102.04M 56.30M
Change receivables - - - - -
Cash flows other operating 629.68M 638.09M 596.14M 598.72M 464.45M
Exchange rate changes - - - - -
Cash and cash equivalents changes -41.61200M 22.46M -175.49900M 70.32M 50.70M
Change in working capital -34.64600M 5.90M -755.68400M -318.18700M 329.90M
Stock based compensation -1.46300M - - - -
Other non cash items 42.50M -297.86000M 462.38M 1.37M -288.22400M
Free cash flow 298.95M -148.80000M -55.52800M -102.03900M 231.93M

Peer Comparison

Sector: Financial Services Industry: Insurance Brokers

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
ERIE
Erie Indemnity Company		 -11.67 4.56% 243.99 35.58 - 5.40 10.89 5.52
AON
Aon PLC		 -11.88 3.57% 320.96 30.99 21.14 5.23 12.74 6.45 21.84
AJG
Arthur J Gallagher & Co		 -6.06 2.78% 211.72 54.05 25.71 5.84 5.26 6.26 27.42
WTW
Willis Towers Watson PLC		 -5.41 1.84% 289.26 25.57 16.03 2.81 2.80 3.28 15.43
BRO
Brown & Brown Inc		 -2.46 3.46% 68.58 26.80 23.04 4.84 3.81 5.57 16.58

Reports Covered

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Profile

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation, and sales and advertising support services; underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. The company was incorporated in 1925 and is based in Erie, Pennsylvania.

Erie Indemnity Company

100 Erie Insurance Place, Erie, PA, United States, 16530-0001

Key Executives

Name Title Year Born
Mr. Timothy Gerard NeCastro C.I.C., CPA Pres & CEO 1960
Mr. Gregory John Gutting CPA, C.P.C.U. Exec. VP & CFO 1963
Mr. Douglas Edward Smith C.P.C.U., FCAS, MAAA Exec. VP of Sales & Products 1974
Ms. Lorianne Feltz-Upperman C.P.C.U. Exec. VP of Claims & Customer Service 1970
Mr. Bill Matrogran VP of Construction Management & Operations NA
Mr. Ronald Steven Habursky Sr. VP & Chief Investment Officer NA
Mr. Parthasarathy Srinivasa Exec. VP & Chief Information Officer 1972
Mr. Scott W. Beilharz VP of Capital Management & Investor Relations NA
Mr. Brian William Bolash Esq. Exec. VP, Corp. Sec. & Gen. Counsel NA
Mr. Charles Michael Fletcher Sr. VP of Sales & Marketing NA

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