Erie Indemnity (ERIE) financial statements
Erie Indemnity reported revenue of $4.1B in fiscal 2025, up 10.9% a year over 9 years.
Net income was $559M and the operating margin 17.6%, against 18.4% in 2016.
Free cash flow was $571M, and the company returned $254M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Erie Indemnity's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $2.4B | $2.5B | $2.5B | $2.6B | $2.8B | $3.3B | $3.8B | $4.1B |
| Operating income | $294M | $290M | $344M | $357M | $338M | $318M | $376M | $520M | $676M | $717M |
| Interest expense | $101,000 | $1M | $2M | $856,000 | $731,000 | $4M | $2M | $0 | $0 | — |
| Pre-tax income | $320M | $316M | $371M | $397M | $369M | $376M | $376M | $562M | $757M | $711M |
| Income tax | $110M | $119M | $83M | $80M | $75M | $79M | $78M | $116M | $157M | $151M |
| Net income | $210M | $197M | $288M | $317M | $293M | $298M | $299M | $446M | $600M | $559M |
| Operating margin | 18.4% | 17.2% | 14.5% | 14.4% | 13.3% | 12.1% | 13.2% | 15.9% | 17.8% | 17.6% |
| Net margin | 13.2% | 11.6% | 12.1% | 12.8% | 11.6% | 11.3% | 10.5% | 13.6% | 15.8% | 13.8% |
Balance sheet
Fiscal years, from Erie Indemnity's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $245M | $287M | $669M | $370M | $179M | $222M | $166M | $226M | $343M | $380M |
| Receivables | — | — | — | $469M | $495M | $479M | $525M | $625M | $707M | $736M |
| Total current assets | $666M | $802M | $1.2B | $891M | $732M | $764M | $779M | $930M | $1.1B | $1.2B |
| Total assets | $1.5B | $1.7B | $1.8B | $2.0B | $2.1B | $2.2B | $2.2B | $2.5B | $2.9B | $3.4B |
| Total current liabilities | $470M | $510M | $547M | $588M | $628M | $631M | $665M | $709M | $803M | $946M |
| Long-term debt | $25M | $75M | $98M | $96M | $94M | $92M | $0 | — | — | — |
| Total liabilities | $732M | $809M | $805M | $883M | $929M | $900M | $791M | $809M | $901M | $1.1B |
| Shareholders' equity | $817M | $857M | $974M | $1.1B | $1.2B | $1.3B | $1.4B | $1.7B | $2.0B | $2.3B |
| Net debt | -$164M | -$141M | -$167M | -$239M | -$65M | -$90M | -$142M | -$144M | -$298M | -$346M |
Cash flow
Fiscal years, from Erie Indemnity's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $254M | $197M | $264M | $365M | $343M | $403M | $366M | $381M | $611M | $687M |
| Capital spending | $25M | $29M | $56M | $102M | $56M | $149M | $67M | $93M | $125M | $116M |
| Free cash flow | $229M | $168M | $207M | $262M | $287M | $254M | $299M | $289M | $486M | $571M |
| Dividends paid | $136M | $146M | $156M | $168M | $273M | $193M | $207M | $222M | $238M | $254M |
| Share buybacks (net) | $0 | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 14.4% | 9.9% | 8.7% | 10.6% | 11.3% | 9.6% | 10.5% | 8.8% | 12.8% | 14.0% |
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Open ERIE in InvestinglyQuestions
What was Erie Indemnity's revenue in 2025?
$4.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Erie Indemnity generate?
$571M in fiscal 2025 (operating cash flow minus capital spending).
From Erie Indemnity's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.