ERIE Research | Milton Maxwell

ERIE

Erie Indemnity Company

287.51

+0.47+0.16%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

3/3/26Mar 3, 2026

Key Stats

Market Cap

15.03B

P/E (TTM)

23.22

Basic EPS (TTM)

12.38

Dividend Yield

0.02%

Recent Filings

8-K

Q4 net income drops on donation

2/23/26Feb 23, 2026

Erie Indemnity reported 2025 net income of $559.3 million, down from $600.3 million in 2024, after a $100 million charitable contribution slashed Q4 results by $80.6 million after-tax. Operating income rose 6.0% to $717.2 million on 8.2% higher policy fees, yet commissions climbed with premium growth. Board approved $1.4625 Class A dividend, payable April 21. Contribution builds foundation sustainability.

10-K

FY2025 results

2/23/26Feb 23, 2026

Erie Indemnity's FY2025 operating income rose 6% to $717M, fueled by 8.9% growth in Exchange premiums to $13.0B, yet net income dipped 6.8% to $559M after a $100M charitable contribution. Q4 momentum held firm with renewal premiums up 13.4% y/y, though new business fell 17.8%; personal lines grew 8.3%, commercial 10.1%. Commissions climbed 11% on premium volume and agent incentives, but IT costs rose 11.3%. Cash from operations hit $687M. Exchange rating dipped to A Excellent. Fee litigation lingers.

8-K

CEO NeCastro retiring end-2026

2/20/26Feb 20, 2026

Erie Indemnity announced CEO Tim NeCastro's retirement on December 31, 2026, after 10 years leading growth to nearly $13 billion in premium and over 7 million policies in force. The board starts its search immediately, with NeCastro staying through year-end for a seamless handover. Transition ensures continuity.

8-K

Holds fee, hikes dividend

12/11/25Dec 11, 2025

Erie Indemnity's board held the 25% management fee rate to Erie Insurance Exchange at max capacity, effective Jan. 1, 2026, while boosting quarterly dividends 7.1% to $1.4625 per Class A share, payable Jan. 21 to Jan. 6 record holders. Steady fees signal Exchange strength. Dividends rise sharply.

8-K

Q3 net income surges 14.4%

10/30/25Oct 30, 2025

Erie Indemnity reported third-quarter 2025 net income of $182.9 million, up 14.4% from $159.8 million in 2024, driven by 7.3% higher management fee revenue from policy services and 16.0% operating income growth before taxes. Year-to-date net income reached $496.0 million, a 10.6% increase, fueled by premium growth yet tempered by rising commissions and IT costs. The board also approved revised codes of conduct and ethics effective November 2025, addressing AI use and insider trading. Strong results reflect Exchange ties, but hinge on economic stability.

About

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.

CEO

Mr. Parthasarathy Srinivasa

IPO

10/2/1995

Website

https://www.erieinsurance.com

Employees

6,715

Sector

Financial Services

Industry

Insurance Brokers