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Erie Indemnity

NASDAQ: ERIE

Stock price

255.83 USD

(+0%) TODAY

Insurance BrokersInsurance - Brokers

Financial Performance

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5Y price score: 64

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 200.2%

DATE RANGE:

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    204.6

    52-week range

    371.4

    255.83

    Your model inputs

    Required return / cost of capital
    %
    FCFF terminal growth rate
    %

    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

    Help
    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    4.1 %

    Dividend Yield TTM

    2.2 %

    Market cap $

    $ 11,817

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    23.3

    Price / Book TTM

    4.8

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    (3.1)

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    (29.2) %

    61.7 %

    200.2 %

    Free cash flow per share growth

    17.4 %

    98.9 %

    291.7 %

    Earnings per share growth

    (7.5) %

    89.3 %

    218.9 %

    Founded: 1,925

    Employees: 6,715

    Business Summary:Erie Indemnity Company functions as the managing attorney-in-fact, overseeing operations for subscribers of the Erie Insurance Exchange throughout the United States. In this capacity, the company delivers a comprehensive range of services to policyholders on behalf of the Exchange. These services span the entire insurance process, from sales and underwriting to the issuance and renewal of policies. More specifically, its offerings include robust support for sales, which covers agent compensation, advertising, and marketing efforts. Underwriting operations encompass both the assessment of policies and their subsequent processing. Additionally, the company provides essential customer service, handles various administrative tasks, and offers critical information technology services. Established in 1925, Erie Indemnity Company maintains its headquarters in Erie, Pennsylvania.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jul 31, 2026)

    1) Strategy & Leadership
    - Erie Insurance continues to focus on improving customer satisfaction, ranking highest among large auto insurers in the J.D. Power 2026 U.S. Insurance Shopping Study for the third consecutive year.
    - The company moved up 15 spots to #308 on the 2026 Fortune 500 list, reflecting its growing market presence.
    - Leadership emphasizes a commitment to profitable growth while maintaining pricing discipline and enhancing customer experience through initiatives like ErieSecure Auto and teenSMART.

    2) Financial & Segment Results
    - Direct Written Premium Growth:
    - Q2 2026: 3.3% growth vs. 9.2% in Q2 2025.
    - First 6 months of 2026: 3.4% growth vs. 11.4% in the same period last year.
    - Combined Ratio:
    - Q2 2026: 103.9% vs. 116.9% in Q2 2025.
    - First 6 months of 2026: 101.6% vs. 112.6% in the same period last year.
    - Net Income:
    - Q2 2026: $180 million ($3.45 per diluted share) vs. $175 million ($3.34 per diluted share) in Q2 2025.
    - Year-to-date: $331 million ($6.32 per diluted share) vs. $313 million ($5.99 per diluted share) in the first half of 2025.
    - Management Fee Revenue:
    - Q2 2026: Increased by approximately $39 million (4.7%).
    - Year-to-date: Increased by approximately $70 million (4.5%).

    3) Operational Plans & Product Initiatives
    - Continued rollout of ErieSecure Auto, now active in 10 states, aimed at modernizing personal auto products.
    - Launch of a new online quoting platform, which has shown improved lead quality and conversion rates nearly double historical averages.
    - Implementation of the teenSMART program, which helps young drivers improve safety and potentially qualify for discounts, showing positive impacts on claim frequency.

    4) Problems / Headwinds
    - The company faced challenges in 2025 due to elevated weather activity and a competitive market, impacting profitability.
    - Direct written premium growth has moderated, indicating competitive pressures and a need for pricing adequacy.
    - Retention ratio slightly decreased to 87.5%, and policies in force have decreased by 2%.

    5) Guidance & Outlook / Investor Angle
    - Erie Insurance remains focused on restoring profitability and supporting disciplined growth while investing in capabilities to enhance customer and agent experiences.
    - The company is exploring AI applications to improve operational efficiency in claims and underwriting processes.
    - The environment remains competitive, but management is optimistic about ongoing improvements in financial performance and product offerings.

    Bottom line: Erie Insurance is making significant strides in improving customer satisfaction and financial performance, despite facing competitive pressures and challenges in growth. The focus on innovative products and operational efficiency positions the company well for sustainable long-term growth, making it an attractive prospect for shareholders.

    Annual Reports, Presentations And IR Contacts

    Go to the website
    Annual report links (10K)
    2025202420232022202120202019201820172016

    Erie Indemnity — Financial Overview, Stock Price, Market Cap

    Erie Indemnity is a company. Founded in 1925. As of August 14, 2026, the company's market capitalization is $11816557453 with a current stock price of $255.83.