Erie Indemnity

Financials Insurance Brokers Erie, Pennsylvania Last filing Feb 23, 2026 · FY2025

                    Revenue
                    FY2019
                
$34.5M
                    
                    +10.3%
                    
                    Net income
                    FY2025
                
$559.3M
                    
                    -6.8%
                    
                    Total assets
                    FY2025
                
$3.4B
                    ROA +16.7%
                    
                    P96
                    
                    +16.2%
                    
                    Operating cash flow
                    FY2025
                
$686.7M
                    
                    +12.3%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 10 years

Total assets $3.4B

Total liabilities $1.1B

Shareholders equity $2.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	10.3%	10.3%	5.8%	6.3%	8.2%	7.6%	16.7%	15.0%	12.9%	12.2%
Short Term Investments	1.0%	1.5%	3.3%	1.1%	1.7%	0.8%	1.6%	22.6%	4.3%	3.6%
Accounts Receivable	21.9%	24.5%	25.3%	23.4%	21.4%	23.4%	0.0%	0.0%	0.0%	0.0%
Prepaid Expenses	2.0%	2.9%	2.8%	3.5%	2.5%	2.4%	2.2%	2.1%	2.1%	1.9%
Other Current Assets	1.4%	1.5%	1.7%	1.9%	2.2%	1.9%	4.8%	3.5%	1.7%	1.3%
Total Current Assets	35.7%	39.6%	37.6%	34.8%	34.1%	34.6%	44.2%	65.7%	48.1%	43.0%
Operating Lease Assets	0.2%	0.3%	0.2%	0.2%	0.5%	0.6%	—	—	—	—
Other Noncurrent Assets	1.4%	1.5%	1.7%	1.9%	2.2%	1.9%	4.8%	3.5%	1.7%	1.3%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.0%	6.6%	7.1%	7.4%	6.2%	7.1%	6.7%	6.3%	6.3%	5.7%
Accrued Liabilities	28.2%	27.8%	28.7%	29.7%	28.1%	29.6%	29.1%	30.8%	30.6%	30.3%
Deferred Revenue	1.4%	1.5%	1.7%	1.6%	1.6%	1.7%	1.8%	1.9%	—	—
Other Current Liabilities	0.7%	0.8%	0.9%	1.3%	0.6%	0.4%	1.1%	0.7%	0.1%	0.1%
Total Current Liabilities	28.2%	27.8%	28.7%	29.7%	28.1%	29.6%	29.1%	30.8%	30.6%	30.3%
Deferred Revenue Noncurrent	0.7%	0.7%	0.8%	0.8%	0.8%	0.9%	0.9%	1.0%	—	—
Deferred Tax Liabilities	0.7%	0.2%	0.5%	0.6%	2.1%	2.0%	1.4%	—	—	—
Other Noncurrent Liabilities	0.7%	0.8%	0.9%	1.3%	0.6%	0.4%	1.1%	0.7%	0.1%	0.1%
Total Liabilities	32.0%	31.2%	32.7%	35.3%	40.1%	43.9%	43.8%	45.2%	48.5%	47.3%
Equity
Additional Paid In Capital	0.5%	0.6%	0.7%	0.7%	0.7%	0.8%	0.8%	0.9%	1.0%	1.1%
Retained Earnings	103.2%	109.5%	113.4%	115.4%	111.3%	113.1%	117.9%	125.5%	128.5%	133.4%
Treasury Stock	34.9%	40.5%	47.3%	52.2%	52.1%	55.0%	57.5%	65.1%	69.4%	74.6%
Accumulated Other Comprehensive Income	-1.6%	-1.6%	-0.5%	-0.3%	-1.1%	-3.7%	-5.8%	-7.3%	-9.4%	-7.8%
Total Stockholders Equity	68.0%	68.8%	67.3%	64.7%	59.9%	56.1%	56.2%	54.8%	51.5%	52.7%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

9 accounts · 10 years

Revenue $34.5M

Operating income $717.2M

Net income $559.3M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Expenses Depreciation and Amortization	2.1%	2.0%	1.9%	2.0%	1.7%	1.0%	0.8%	0.8%	0.9%	1.0%
Expenses Operating Expenses	99.8%	108.0%	111.2%	110.0%	103.3%	103.8%	105.1%	114.6%	84.1%	84.1%
Other Income Expense Operating Income	21.4%	23.4%	21.0%	16.8%	14.2%	16.0%	17.7%	19.4%	17.4%	18.9%
Other Income Expense Interest Income	2.5%	2.4%	1.2%	—	3.0%	1.6%	1.7%	1.8%	1.6%	1.4%
Other Income Expense Other Income/expense	0.3%	0.4%	0.5%	0.1%	-0.2%	-0.1%	0.0%	0.2%	-0.1%	-0.1%
Other Income Expense Income Before Tax	21.2%	26.2%	22.7%	16.8%	16.8%	17.4%	19.7%	20.9%	19.0%	20.7%
Income Tax Income Tax Expense	4.5%	5.4%	4.7%	3.5%	3.5%	3.6%	4.0%	4.7%	7.1%	7.1%
net Income net Income	16.7%	20.8%	18.0%	13.3%	13.3%	13.9%	15.7%	16.2%	11.8%	13.6%
net Income Comprehensive Income	16.5%	19.6%	17.8%	14.1%	15.6%	15.7%	16.4%	17.7%	11.3%	12.0%

Cash Flow Statement

Operating, investing, and financing flows

14 accounts · 10 years

Operating cash flow $686.7M

Investing cash flow $-439.3M

Financing cash flow $-199.9M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	16.7%	20.8%	18.0%	13.3%	13.3%	13.9%	15.7%	16.2%	11.8%	13.6%
Operating Activities Depreciation and Amortization	2.1%	2.0%	1.9%	2.0%	1.7%	1.0%	0.8%	0.8%	0.9%	1.0%
Operating Activities Changes In Operating Assets and Liabilities	-0.5%	0.2%	-0.0%	1.2%	-0.7%	0.3%	0.2%	-0.2%	0.5%	0.3%
Operating Activities net Cash From Operating Activities	20.5%	21.2%	15.4%	16.4%	18.0%	16.2%	18.1%	14.8%	11.8%	16.4%
Investing Activities Purchases of Investments	20.7%	16.4%	11.3%	20.8%	2.6%	3.8%	3.3%	0.2%	23.5%	23.9%
Investing Activities Proceeds From Sale of Investments	5.6%	6.8%	3.1%	5.8%	2.9%	3.3%	0.8%	0.2%	8.7%	5.8%
Investing Activities Other Investing Activities	9.4%	10.7%	11.9%	11.8%	10.5%	12.0%	11.7%	11.7%	12.0%	11.4%
Investing Activities net Cash From Investing Activities	-13.1%	-7.9%	-6.4%	-4.8%	-8.3%	-11.5%	-6.2%	-4.6%	-4.5%	-8.8%
Financing Activities Dividends Paid	7.6%	8.2%	9.0%	9.2%	8.6%	12.9%	8.3%	8.8%	8.8%	8.8%
Financing Activities net Cash From Financing Activities	-6.0%	-8.0%	-9.0%	-13.4%	-8.7%	-13.0%	-8.4%	-7.4%	-5.8%	-7.2%
Cash Reconciliation Effect of Exchange Rate On Cash	10.3%	10.3%	5.8%	6.3%	8.2%	7.6%	16.7%	15.0%	12.9%	—
Cash Reconciliation net Change In Cash	1.4%	5.3%	0.1%	-1.9%	1.0%	-8.3%	3.5%	2.9%	1.6%	0.4%
Cash Reconciliation Cash At Beginning of Period	10.3%	10.3%	5.8%	6.3%	8.2%	7.6%	16.7%	15.0%	12.9%	12.2%
Cash Reconciliation Cash At End of Period	10.3%	10.3%	5.8%	6.3%	8.2%	7.6%	16.7%	15.0%	12.9%	12.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	+1037.0%	+1102.5%	+1109.7%	+1350.3%
Net margin	—	—	—	—	—	—	+919.4%	+922.8%	+753.2%	+967.8%
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	—	—	—	—	—	—	+16.6%	+18.7%	+15.6%	+11.9%
Returns
ROE	+24.5%	+30.2%	+26.8%	+20.6%	+22.2%	+24.7%	+28.0%	+29.6%	+23.0%	+25.8%
ROA	+16.7%	+20.8%	+18.0%	+13.3%	+13.3%	+13.9%	+15.7%	+16.2%	+11.8%	+13.6%
ROIC	—	—	—	—	+20.1%	+24.0%	+31.9%	+33.1%	+25.3%	+29.6%
Liquidity
Current ratio	1.27x	1.43x	1.31x	1.17x	1.21x	1.17x	1.52x	2.14x	1.57x	1.42x
Quick ratio	1.14x	1.25x	1.09x	1.00x	1.05x	1.04x	0.57x	0.49x	0.42x	0.40x
Leverage
D/E	0.47x	0.45x	0.49x	0.55x	0.67x	0.78x	0.78x	0.83x	0.94x	0.90x
Interest coverage	—	—	—	187.26x	76.98x	462.60x	417.45x	139.98x	234.45x	2906.11x
Efficiency
Asset turnover	—	—	—	—	—	—	0.02x	0.02x	0.02x	0.01x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Erie Indemnity

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