Erie Indemnity (ERIE) Financials

$419.72 -4.21 (-0.99%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$419.15 -0.57 (-0.14%)

As of 04/15/2025 04:28 PM Eastern

Annual Income Statements for Erie Indemnity

This table shows Erie Indemnity's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	175	210	197	288	317	293	298	299	446	600
Consolidated Net Income / (Loss)	175	210	197	288	317	293	298	299	446	600
Net Income / (Loss) Continuing Operations	175	210	197	288	317	293	298	299	446	600
Total Pre-Tax Income	266	320	316	371	397	369	376	376	562	757
Total Operating Income	233	294	290	344	357	338	318	376	520	676
Total Gross Profit	1,279	1,597	1,692	2,382	2,477	2,536	2,634	2,841	3,269	3,795
Total Revenue	1,506	1,597	1,692	2,382	2,477	2,536	2,634	2,841	3,269	3,795
Operating Revenue	1,506	1,597	1,692	2,382	2,477	2,536	2,634	2,841	3,269	3,795
Total Cost of Revenue	227	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	1,046	1,303	1,402	2,038	2,120	2,198	2,316	2,464	2,749	3,119
Other Operating Expenses / (Income)	848	1,303	1,402	2,038	2,120	2,198	2,316	-	2,749	3,119
Total Other Income / (Expense), net	34	27	25	27	40	30	58	0.24	42	81
Interest & Investment Income	15	28	29	26	40	33	67	0.63	29	69
Other Income / (Expense), net	18	-1.16	-1.91	3.64	0.26	-1.78	-4.89	1.62	13	12
Income Tax Expense	92	110	119	83	80	75	79	78	116	157
Basic Earnings per Share	$566.75	$4.52	$4.23	$6.19	$6.80	$6.30	$6.40	$968.41	$9.58	$12.89
Weighted Average Basic Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Diluted Earnings per Share	$565.33	$4.01	$3.76	$5.51	$6.06	$5.61	$5.69	$967.71	$8.53	$11.48
Weighted Average Diluted Shares Outstanding	52.50M	52.44M	52.34M	52.32M	52.32M	52.31M	52.31M	52.30M	52.30M	52.31M
Weighted Average Basic & Diluted Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M

This table shows Erie Indemnity's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	84	65	86	118	131	111	125	164	160	152
Consolidated Net Income / (Loss)	84	65	86	118	131	111	125	164	160	152
Net Income / (Loss) Continuing Operations	84	65	86	118	131	111	125	164	160	152
Total Pre-Tax Income	106	82	109	149	164	140	157	207	201	192
Total Operating Income	106	81	111	134	148	127	139	190	180	167
Total Gross Profit	741	702	752	840	859	818	881	990	1,000	924
Total Revenue	741	702	752	840	859	818	881	990	1,000	924
Operating Revenue	741	702	752	840	859	818	881	990	1,000	924
Total Operating Expenses	635	619	642	706	710	691	742	800	820	757
Other Operating Expenses / (Income)	-	-	642	706	710	691	742	800	820	757
Total Other Income / (Expense), net	-0.12	0.53	-1.40	15	15	13	18	17	21	24
Interest & Investment Income	-0.57	0.29	-4.73	12	12	9.77	15	14	20	21
Other Income / (Expense), net	0.56	0.24	3.34	3.31	3.00	3.07	3.41	3.29	1.17	3.69
Income Tax Expense	22	16	23	31	33	29	33	43	41	40
Basic Earnings per Share	$273.81	$691.41	$1.85	$2.53	$2.81	$2.39	$2.67	$3.52	$3.43	$3.27
Weighted Average Basic Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Diluted Earnings per Share	$273.61	$691.26	$1.65	$2.25	$2.51	$2.12	$2.38	$3.13	$3.06	$2.91
Weighted Average Diluted Shares Outstanding	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M	52.31M	52.31M	52.31M
Weighted Average Basic & Diluted Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M

This table details how cash moves in and out of Erie Indemnity's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	91	6.18	27	51	70	-175	111	-42	1.97	154
Net Cash From Operating Activities	217	254	197	264	365	343	403	366	381	611
Net Cash From Continuing Operating Activities	165	201	197	264	365	426	491	366	381	611
Net Income / (Loss) Continuing Operations	-26	-27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	184	227	202	266	365	426	491	368	381	611
Changes in Operating Assets and Liabilities, net	7.78	0.25	-4.72	-2.38	-0.85	-	-	-2.13	0.00	0.00
Net Cash From Investing Activities	0.62	-137	-75	-81	-125	-243	-185	-107	-158	-227
Net Cash From Continuing Investing Activities	0.62	-137	-75	-81	-125	-243	-185	-107	-158	-227
Purchase of Property, Plant & Equipment	-13	-25	-29	-56	-102	-56	-149	-67	-93	-125
Purchase of Investments	-229	-370	-392	-397	-1,025	-477	-440	-484	-316	-514
Sale of Property, Plant & Equipment	-	0.00	0.00	6.01	0.78	0.02	0.00	0.27	0.00	0.00
Sale and/or Maturity of Investments	242	257	350	377	1,011	292	400	447	263	438
Other Investing Activities, net	-	1.59	-4.21	-11	-9.69	-2.63	3.00	-3.11	-12	-26
Net Cash From Financing Activities	-127	-111	-96	-131	-170	-275	-195	-301	-222	-230
Net Cash From Continuing Financing Activities	-127	-111	-96	-131	-170	-275	-195	-301	-222	-230
Repayment of Debt	-	-	-	-	-1.92	-1.97	-2.04	-149	0.00	0.00
Payment of Dividends	-127	-136	-146	-156	-168	-273	-193	-207	-222	-238
Issuance of Debt	0.00	25	50	25	-	0.00	0.00	55	0.00	0.00
Other Financing Activities, net	-	-	-	-	-	-	-	0.00	0.00	7.51

This table details how cash moves in and out of Erie Indemnity's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	69	-18	-20	21	-40	41	0.82	26	51	77
Net Cash From Operating Activities	132	128	48	132	53	148	87	131	199	193
Net Cash From Continuing Operating Activities	194	66	48	132	53	148	87	131	199	193
Non-Cash Adjustments To Reconcile Net Income	192	68	48	132	53	148	87	131	199	193
Net Cash From Investing Activities	-33	-32	-12	-56	-37	-52	-27	-53	-91	-57
Net Cash From Continuing Investing Activities	-33	-32	-12	-56	-37	-52	-27	-53	-91	-57
Purchase of Property, Plant & Equipment	-23	-16	-19	-26	-27	-21	-22	-28	-28	-47
Purchase of Investments	-170	-96	-57	-85	-90	-83	-85	-171	-150	-107
Sale and/or Maturity of Investments	158	80	63	56	79	65	80	146	113	99
Other Investing Activities, net	1.41	-0.05	1.42	-0.85	0.71	-13	0.34	0.90	-26	-1.65
Net Cash From Financing Activities	-92	-52	-55	-55	-55	-55	-59	-53	-58	-60
Net Cash From Continuing Financing Activities	-92	-52	-55	-55	-55	-55	-59	-53	-58	-60
Payment of Dividends	-52	-52	-55	-55	-55	-55	-59	-59	-59	-59
Other Financing Activities, net	-	-	-	-	-	-	-	-	1.56	-0.39

This table presents Erie Indemnity's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,407	1,549	1,666	1,778	2,016	2,117	2,242	2,239	2,472	2,889
Total Current Assets	635	666	802	1,169	891	732	764	779	930	1,145
Restricted Cash	-	-	-	-	-	-	-	142	144	298
Short-Term Investments	68	62	78	408	41	24	45	33	91	56
Accounts Receivable	348	379	418	450	469	495	479	525	625	707
Prepaid Expenses	25	30	35	37	45	53	56	79	69	84
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	772	883	864	609	1,125	1,385	1,478	1,461	1,542	1,744
Long-Term Investments	626	715	733	381	698	911	908	870	879	999
Noncurrent Note & Lease Receivables	25	25	-	-	61	62	59	61	58	81
Employee Benefit Assets	-	-	-	-	-	-	-	0.00	34	21
Other Noncurrent Operating Assets	80	89	112	204	349	399	512	530	570	643
Total Liabilities & Shareholders' Equity	1,407	1,549	1,666	1,778	2,016	2,117	2,242	2,239	2,472	2,889
Total Liabilities	638	732	809	805	883	929	900	791	809	901
Total Current Liabilities	446	470	510	547	588	628	631	665	709	803
Accounts Payable	89	88	105	111	135	151	138	166	176	190
Accrued Expenses	196	211	228	242	263	262	271	300	354	408
Customer Deposits	-	-	-	-	-	-	-	-	0.00	7.51
Dividends Payable	34	36	39	42	45	48	52	55	59	64
Current Employee Benefit Liabilities	21	20	16	13	11	17	13	12	11	15
Other Current Liabilities	107	115	123	137	132	147	155	132	109	118
Total Noncurrent Liabilities	192	262	299	258	295	301	269	126	100	99
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	0.00	14	11	6.42
Noncurrent Employee Benefit Liabilities	191	236	222	130	159	179	145	65	47	48
Other Noncurrent Operating Liabilities	1.58	1.86	1.90	30	40	28	32	47	41	45
Total Equity & Noncontrolling Interests	770	817	857	974	1,133	1,188	1,342	1,448	1,663	1,987
Total Preferred & Common Equity	770	817	857	974	1,133	1,188	1,342	1,448	1,663	1,987
Total Common Equity	770	817	857	974	1,133	1,188	1,342	1,448	1,663	1,987
Common Stock	18	18	19	19	19	19	19	19	19	19
Retained Earnings	1,994	2,066	2,141	2,231	2,378	2,394	2,495	2,583	2,804	3,162
Treasury Stock	-1,155	-	-	-1,158	-1,159	-1,164	-1,168	-1,169	-1,169	-1,169
Accumulated Other Comprehensive Income / (Loss)	-97	-121	-156	-130	-117	-78	-25	-7.41	-13	-48
Other Equity Adjustments	9.02	-1,146	-1,146	12	13	18	22	23	23	23

This table presents Erie Indemnity's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,178	2,224	2,326	2,395	2,556	2,692	2,864
Total Current Assets	724	784	873	874	942	1,020	1,097
Restricted Cash	-	-	-	-	145	171	221
Short-Term Investments	33	66	72	79	86	58	59
Accounts Receivable	544	533	591	621	642	708	737
Prepaid Expenses	49	63	66	71	69	84	80
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,453	1,440	1,453	1,521	1,614	1,672	1,767
Long-Term Investments	849	858	857	845	893	953	1,008
Noncurrent Note & Lease Receivables	61	59	60	60	57	57	80
Employee Benefit Assets	-	-	-	65	66	65	64
Other Noncurrent Operating Assets	523	522	535	551	597	597	614
Total Liabilities & Shareholders' Equity	2,178	2,224	2,326	2,395	2,556	2,692	2,864
Total Liabilities	821	737	781	783	830	863	916
Total Current Liabilities	634	612	652	681	728	772	807
Accounts Payable	149	168	165	166	213	199	195
Accrued Expenses	310	323	348	358	385	413	426
Customer Deposits	-	-	-	-	-	6.35	7.91
Dividends Payable	52	55	55	55	59	59	59
Current Employee Benefit Liabilities	8.86	7.35	7.67	11	2.94	8.22	16
Other Current Liabilities	114	58	76	91	68	86	103
Total Noncurrent Liabilities	187	125	129	102	102	91	109
Noncurrent Deferred & Payable Income Tax Liabilities	-	16	16	11	6.59	5.19	13
Noncurrent Employee Benefit Liabilities	143	66	69	46	47	43	52
Other Noncurrent Operating Liabilities	44	43	44	44	48	43	45
Total Equity & Noncontrolling Interests	1,357	1,487	1,545	1,612	1,726	1,829	1,948
Total Preferred & Common Equity	1,357	1,487	1,545	1,612	1,726	1,829	1,948
Total Common Equity	1,357	1,487	1,545	1,612	1,726	1,829	1,948
Common Stock	19	19	19	19	19	19	19
Retained Earnings	2,573	2,614	2,677	2,752	2,869	2,973	3,074
Treasury Stock	-1,168	-1,169	-1,168	-1,169	-1,169	-1,168	-1,169
Accumulated Other Comprehensive Income / (Loss)	-89	0.34	-4.15	-13	-15	-17	1.57
Other Equity Adjustments	22	23	22	23	23	22	23

This table displays calculated financial ratios and metrics derived from Erie Indemnity's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.99%	6.05%	5.96%	40.81%	3.99%	2.39%	3.84%	7.85%	15.07%	16.10%
EBITDA Growth	12.55%	16.56%	-1.37%	20.68%	2.76%	-5.93%	-6.89%	20.63%	41.06%	29.09%
EBIT Growth	12.55%	16.56%	-1.37%	20.68%	2.76%	-5.93%	-6.89%	20.63%	41.06%	29.09%
NOPAT Growth	2.69%	26.44%	-6.11%	47.57%	6.77%	-5.69%	-6.47%	18.54%	38.41%	29.85%
Net Income Growth	4.28%	20.43%	-6.35%	46.31%	9.92%	-7.42%	1.55%	0.24%	49.40%	34.58%
EPS Growth	17,677.67%	-99.29%	-6.23%	46.54%	9.98%	-7.43%	1.43%	16,907.21%	-99.12%	34.58%
Operating Cash Flow Growth	16.86%	17.00%	-22.49%	33.71%	38.30%	-6.02%	17.57%	-9.10%	4.11%	60.35%
Free Cash Flow Firm Growth	102.64%	29.29%	-29.14%	2.83%	-4.52%	61.09%	-41.62%	40.54%	38.00%	68.74%
Invested Capital Growth	-13.16%	-20.97%	37.77%	209.18%	233.00%	17.79%	48.82%	30.37%	32.41%	14.86%
Revenue Q/Q Growth	176.08%	1.48%	1.30%	7.96%	0.80%	0.50%	1.02%	2.38%	3.67%	2.89%
EBITDA Q/Q Growth	735.79%	5.35%	5.95%	6.19%	-2.58%	-1.15%	-1.98%	6.52%	10.01%	6.31%
EBIT Q/Q Growth	735.79%	5.35%	5.95%	6.19%	-2.58%	-1.15%	-1.98%	6.52%	10.01%	6.31%
NOPAT Q/Q Growth	796.50%	5.69%	-4.63%	11.54%	-0.79%	-0.67%	-1.36%	5.80%	9.46%	6.32%
Net Income Q/Q Growth	2,297.21%	8.04%	-6.52%	11.73%	-0.85%	1.10%	-2.53%	3.63%	11.34%	7.35%
EPS Q/Q Growth	17,511.53%	-99.63%	100.71%	11.76%	-0.82%	1.08%	-2.57%	248.72%	-98.78%	7.39%
Operating Cash Flow Q/Q Growth	193.70%	935.74%	0.00%	4.97%	11.43%	-5.13%	8.23%	-2.84%	5.65%	7.95%
Free Cash Flow Firm Q/Q Growth	-56.46%	103.01%	-15.61%	5.56%	-8.57%	6.40%	-46.25%	85.49%	59.58%	4.70%
Invested Capital Q/Q Growth	98.97%	-104.13%	-94.06%	-10.54%	2.14%	-4.70%	40.88%	7.05%	-5.12%	-2.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	84.94%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	16.66%	18.31%	17.04%	14.61%	14.43%	13.26%	11.89%	13.30%	16.30%	18.13%
Operating Margin	15.45%	18.38%	17.16%	14.45%	14.42%	13.33%	12.08%	13.24%	15.92%	17.82%
EBIT Margin	16.66%	18.31%	17.04%	14.61%	14.43%	13.26%	11.89%	13.30%	16.30%	18.13%
Profit (Net Income) Margin	11.60%	13.18%	11.64%	12.10%	12.79%	11.56%	11.31%	10.51%	13.65%	15.82%
Tax Burden Percent	65.61%	65.72%	62.40%	77.62%	79.86%	79.59%	79.13%	79.31%	79.38%	79.27%
Interest Burden Percent	106.15%	109.49%	109.49%	106.71%	110.94%	109.55%	120.18%	99.64%	105.44%	110.07%
Effective Tax Rate	34.39%	34.28%	37.60%	22.38%	20.14%	20.41%	20.87%	20.69%	20.62%	20.73%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	10,549.99%	218.64%	123.11%	85.56%	73.61%	77.46%	82.17%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	10,547.70%	215.24%	120.55%	80.81%	73.59%	74.23%	76.71%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	-10,518.51%	-188.57%	-97.84%	-62.02%	-52.22%	-48.79%	-49.28%
Return on Equity (ROE)	23.72%	26.52%	23.53%	31.48%	30.07%	25.27%	23.54%	21.40%	28.67%	32.89%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	251.75%	111.02%	106.78%	46.32%	47.25%	49.58%	68.33%
Operating Return on Assets (OROA)	18.40%	19.78%	17.94%	20.21%	18.85%	16.28%	14.37%	16.86%	22.62%	25.67%
Return on Assets (ROA)	12.81%	14.23%	12.26%	16.74%	16.70%	14.19%	13.67%	13.32%	18.94%	22.40%
Return on Common Equity (ROCE)	23.72%	26.52%	23.53%	31.48%	30.07%	25.27%	23.54%	21.40%	28.67%	32.89%
Return on Equity Simple (ROE_SIMPLE)	22.70%	25.75%	22.98%	29.60%	27.96%	24.69%	22.19%	20.61%	26.83%	30.21%
Net Operating Profit after Tax (NOPAT)	153	193	181	267	285	269	252	298	413	536
NOPAT Margin	10.13%	12.08%	10.71%	11.22%	11.52%	10.61%	9.56%	10.50%	12.63%	14.13%
Net Nonoperating Expense Percent (NNEP)	2.75%	2.00%	1.75%	2.29%	3.41%	2.56%	4.75%	0.02%	3.24%	5.46%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	20.60%	24.84%	26.98%
Cost of Revenue to Revenue	15.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	13.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	86.73%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	69.50%	81.62%	82.84%	85.55%	85.58%	86.67%	87.92%	86.73%	84.08%	82.18%
Earnings before Interest and Taxes (EBIT)	251	292	288	348	358	336	313	378	533	688
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	251	292	288	348	358	336	313	378	533	688
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.74	5.36	5.68	5.63	6.15	8.94	6.33	7.65	9.15	9.55
Price to Tangible Book Value (P/TBV)	4.74	5.36	5.68	5.63	6.15	8.94	6.33	7.65	9.15	9.55
Price to Revenue (P/Rev)	2.42	2.74	2.88	2.30	2.81	4.19	3.23	3.90	4.66	5.00
Price to Earnings (P/E)	20.86	20.83	24.74	19.03	22.00	36.21	28.53	37.12	34.13	31.61
Dividend Yield	3.52%	3.08%	2.97%	2.83%	2.39%	2.55%	3.34%	1.85%	1.44%	1.24%
Earnings Yield	4.79%	4.80%	4.04%	5.26%	4.55%	2.76%	3.50%	2.69%	2.93%	3.16%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	75.12	29.85	40.68	21.19	21.88	23.22	25.26
Enterprise Value to Revenue (EV/Rev)	1.84	2.15	2.32	1.90	2.42	3.79	2.83	3.53	4.32	4.64
Enterprise Value to EBITDA (EV/EBITDA)	11.03	11.76	13.60	13.01	16.76	28.60	23.81	26.57	26.47	25.62
Enterprise Value to EBIT (EV/EBIT)	11.03	11.76	13.60	13.01	16.76	28.60	23.81	26.57	26.47	25.62
Enterprise Value to NOPAT (EV/NOPAT)	18.14	17.83	21.65	16.94	21.00	35.75	29.62	33.64	34.16	32.87
Enterprise Value to Operating Cash Flow (EV/OCF)	12.73	13.52	19.89	17.18	16.44	28.08	18.51	27.41	37.01	28.83
Enterprise Value to Free Cash Flow (EV/FCFF)	17.18	16.51	26.57	29.84	41.35	41.21	54.71	52.41	53.38	39.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.03	0.09	0.10	0.09	0.08	0.07	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.03	0.09	0.10	0.08	0.08	0.07	0.00	0.00	0.00
Financial Leverage	-1.09	-1.10	-1.09	-1.00	-0.88	-0.81	-0.77	-0.71	-0.66	-0.64
Leverage Ratio	1.85	1.86	1.92	1.88	1.80	1.78	1.72	1.61	1.51	1.47
Compound Leverage Factor	1.97	2.04	2.10	2.01	2.00	1.95	2.07	1.60	1.60	1.62
Debt to Total Capital	0.00%	2.94%	8.02%	9.29%	7.95%	7.47%	6.53%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.17%	0.16%	0.16%	0.15%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	2.94%	8.02%	9.12%	7.79%	7.31%	6.39%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	97.06%	91.98%	90.71%	92.05%	92.53%	93.47%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.08	0.26	0.29	0.27	0.29	0.30	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-3.22	-3.30	-2.75	-2.73	-2.97	-3.33	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.08	0.26	0.28	0.27	0.28	0.29	0.00	0.00	0.00
Debt to NOPAT	0.00	0.13	0.41	0.37	0.34	0.36	0.37	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-4.88	-5.25	-3.57	-3.43	-3.71	-4.14	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.13	0.41	0.37	0.34	0.35	0.36	0.00	0.00	0.00
Altman Z-Score	7.23	7.26	7.21	8.25	8.38	10.22	8.93	11.91	15.02	16.41
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.43	1.42	1.57	2.14	1.52	1.17	1.21	1.17	1.31	1.43
Quick Ratio	1.34	1.34	1.45	2.05	1.44	1.08	1.12	0.84	1.01	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	161	208	148	152	145	233	136	192	264	446
Operating Cash Flow to CapEx	1,731.27%	1,008.95%	681.46%	524.20%	359.98%	617.14%	270.69%	546.99%	411.46%	489.61%
Free Cash Flow to Firm to Interest Expense	0.00	2,062.24	119.23	61.70	169.29	319.33	32.98	95.33	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	2,518.18	159.23	107.15	425.85	468.67	97.48	182.26	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	2,268.59	135.86	86.71	307.55	392.73	61.47	148.94	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.10	1.08	1.05	1.38	1.31	1.23	1.21	1.27	1.39	1.42
Accounts Receivable Turnover	4.41	4.39	4.25	5.49	5.39	5.27	5.41	5.66	5.68	5.70
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	3.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	82.83	83.05	85.96	66.51	67.67	69.31	67.47	64.50	64.22	64.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	100.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-17.29	83.05	85.96	66.51	67.67	69.31	67.47	64.50	64.22	64.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-73	-89	-55	60	201	236	352	459	607	698
Invested Capital Turnover	-21.79	-19.70	-23.50	940.29	18.98	11.60	8.95	7.01	6.13	5.82
Increase / (Decrease) in Invested Capital	-8.53	-15	34	116	140	36	115	107	149	90
Enterprise Value (EV)	2,767	3,439	3,922	4,529	5,992	9,621	7,456	10,038	14,107	17,624
Market Capitalization	3,644	4,381	4,873	5,484	6,969	10,620	8,499	11,083	15,222	18,977
Book Value per Share	$16.66	$17.69	$18.56	$21.08	$24.53	$25.72	$29.06	$31.36	$36.00	$43.02
Tangible Book Value per Share	$16.66	$17.69	$18.56	$21.08	$24.53	$25.72	$29.06	$31.36	$36.00	$43.02
Total Capital	770	842	932	1,073	1,231	1,284	1,436	1,448	1,663	1,987
Total Debt	0.00	25	75	100	98	96	94	0.00	0.00	0.00
Total Long-Term Debt	0.00	25	75	98	96	94	92	0.00	0.00	0.00
Net Debt	-877	-942	-952	-955	-977	-1,000	-1,042	-1,045	-1,115	-1,353
Capital Expenditures (CapEx)	13	25	29	50	101	56	149	67	93	125
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-61	-56	-1.79	-50	-72	-78	-93	-61	-14	-12
Debt-free Net Working Capital (DFNWC)	189	196	292	624	306	107	135	114	221	343
Net Working Capital (NWC)	189	196	292	622	304	105	133	114	221	343
Net Nonoperating Expense (NNE)	-22	-17	-16	-21	-31	-24	-46	-0.19	-33	-64
Net Nonoperating Obligations (NNO)	-843	-906	-913	-913	-932	-952	-991	-990	-1,055	-1,290
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-4.05%	-3.48%	-0.11%	-2.11%	-2.89%	-3.09%	-3.55%	-2.15%	-0.44%	-0.30%
Debt-free Net Working Capital to Revenue	12.58%	12.27%	17.26%	26.18%	12.34%	4.21%	5.12%	4.00%	6.77%	9.03%
Net Working Capital to Revenue	12.58%	12.27%	17.26%	26.11%	12.26%	4.13%	5.04%	4.00%	6.77%	9.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.75	$4.52	$639.23	$6.19	$6.80	$6.30	$6.40	$6.41	$9.58	$12.89
Adjusted Weighted Average Basic Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Adjusted Diluted Earnings per Share	$3.33	$4.01	$637.76	$5.51	$6.06	$5.61	$5.69	$5.71	$8.53	$11.48
Adjusted Weighted Average Diluted Shares Outstanding	52.50M	52.44M	52.34M	52.32M	52.32M	52.31M	52.31M	52.30M	52.30M	52.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Normalized Net Operating Profit after Tax (NOPAT)	153	193	181	267	285	269	252	298	413	536
Normalized NOPAT Margin	10.13%	12.08%	10.71%	11.22%	11.52%	10.61%	9.56%	10.50%	12.63%	14.13%
Pre Tax Income Margin	17.69%	20.05%	18.66%	15.59%	16.01%	14.53%	14.29%	13.25%	17.19%	19.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	2,894.58	232.91	141.46	417.75	460.16	75.80	188.07	0.00	0.00
NOPAT to Interest Expense	0.00	1,909.91	146.30	108.65	333.39	368.18	60.92	148.52	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	2,645.00	209.54	121.02	299.45	384.22	39.79	154.75	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	1,660.33	122.94	88.21	215.09	292.24	24.91	115.20	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	72.62%	64.64%	73.99%	54.29%	52.92%	93.04%	64.73%	69.25%	49.70%	39.56%
Augmented Payout Ratio	72.62%	64.64%	73.99%	54.29%	52.92%	93.04%	64.73%	69.25%	49.70%	39.56%

This table displays calculated financial ratios and metrics derived from Erie Indemnity's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.68%	10.36%	11.96%	15.66%	15.97%	16.50%	17.04%	17.93%	16.41%	13.02%
EBITDA Growth	13.19%	39.50%	34.32%	31.75%	41.52%	59.36%	24.89%	40.77%	19.69%	31.39%
EBIT Growth	13.19%	39.50%	34.32%	31.75%	41.52%	59.36%	24.89%	40.77%	19.69%	31.39%
NOPAT Growth	12.27%	33.49%	31.04%	28.94%	40.73%	54.84%	25.84%	41.79%	20.66%	31.63%
Net Income Growth	-6.55%	18.98%	25.68%	47.04%	55.42%	69.38%	44.42%	39.08%	21.97%	37.05%
EPS Growth	15,807.56%	65,734.29%	25.95%	47.06%	-99.08%	-99.69%	44.24%	39.11%	21.91%	37.26%
Operating Cash Flow Growth	-3.29%	-7.72%	103.93%	59.54%	-59.98%	15.93%	81.53%	-0.42%	277.49%	30.33%
Free Cash Flow Firm Growth	-228.35%	37.34%	99.01%	131.20%	1.59%	-14.69%	-11,280.45%	-227.85%	169.89%	188.30%
Invested Capital Growth	71.57%	30.37%	21.51%	18.75%	49.39%	32.41%	33.34%	34.02%	12.25%	14.86%
Revenue Q/Q Growth	2.00%	-5.24%	7.21%	11.62%	2.27%	-4.80%	7.71%	12.46%	0.95%	-7.58%
EBITDA Q/Q Growth	2.58%	-23.69%	39.43%	20.71%	10.19%	-14.07%	9.27%	36.05%	-6.31%	-5.68%
EBIT Q/Q Growth	2.58%	-23.69%	39.43%	20.71%	10.19%	-14.07%	9.27%	36.05%	-6.31%	-5.68%
NOPAT Q/Q Growth	2.63%	-22.92%	34.24%	21.42%	12.02%	-15.19%	9.09%	36.81%	-4.67%	-7.49%
Net Income Q/Q Growth	5.20%	-22.33%	31.69%	36.65%	11.19%	-15.35%	12.28%	31.59%	-2.49%	-4.88%
EPS Q/Q Growth	17,783.01%	152.64%	-99.76%	36.36%	11.56%	-15.54%	12.26%	31.51%	-2.24%	-4.90%
Operating Cash Flow Q/Q Growth	59.37%	-2.87%	-62.49%	174.77%	-60.02%	181.33%	-41.26%	50.73%	51.55%	-2.87%
Free Cash Flow Firm Q/Q Growth	-29.33%	55.71%	98.83%	4,767.08%	-507.94%	48.38%	-15.81%	47.57%	322.99%	-34.79%
Invested Capital Q/Q Growth	-3.52%	7.05%	8.15%	6.32%	21.37%	-5.12%	8.91%	6.86%	1.66%	-2.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	14.45%	11.64%	15.13%	16.37%	17.63%	15.92%	16.15%	19.54%	18.13%	18.51%
Operating Margin	14.38%	11.60%	14.69%	15.97%	17.29%	15.54%	15.76%	19.20%	18.01%	18.11%
EBIT Margin	14.45%	11.64%	15.13%	16.37%	17.63%	15.92%	16.15%	19.54%	18.13%	18.51%
Profit (Net Income) Margin	11.38%	9.33%	11.46%	14.03%	15.26%	13.57%	14.14%	16.55%	15.98%	16.45%
Tax Burden Percent	79.28%	79.90%	79.01%	79.05%	80.01%	79.28%	79.18%	79.06%	79.58%	79.26%
Interest Burden Percent	99.36%	100.35%	95.84%	108.46%	108.12%	107.51%	110.60%	107.15%	110.78%	112.17%
Effective Tax Rate	20.72%	20.10%	20.99%	20.95%	19.99%	20.72%	20.82%	20.94%	20.42%	20.74%
Return on Invested Capital (ROIC)	93.24%	64.97%	74.98%	78.87%	81.60%	75.55%	73.24%	87.26%	77.83%	83.45%
ROIC Less NNEP Spread (ROIC-NNEP)	93.25%	64.93%	75.09%	77.64%	80.32%	74.56%	71.82%	86.00%	76.33%	81.80%
Return on Net Nonoperating Assets (RNNOA)	-69.32%	-46.07%	-51.02%	-51.48%	-51.40%	-49.01%	-45.94%	-54.53%	-47.19%	-52.55%
Return on Equity (ROE)	23.92%	18.90%	23.96%	27.39%	30.21%	26.55%	27.30%	32.73%	30.64%	30.91%
Cash Return on Invested Capital (CROIC)	30.44%	47.25%	51.13%	53.42%	30.99%	49.58%	46.66%	48.66%	62.69%	68.33%
Operating Return on Assets (OROA)	18.17%	14.75%	19.88%	22.05%	24.32%	22.09%	22.96%	27.63%	25.44%	26.20%
Return on Assets (ROA)	14.31%	11.83%	15.05%	18.90%	21.04%	18.83%	20.10%	23.40%	22.43%	23.29%
Return on Common Equity (ROCE)	23.92%	18.90%	23.96%	27.39%	30.21%	26.55%	27.30%	32.73%	30.64%	30.91%
Return on Equity Simple (ROE_SIMPLE)	21.24%	0.00%	21.26%	22.91%	24.85%	0.00%	28.06%	29.00%	28.71%	0.00%
Net Operating Profit after Tax (NOPAT)	84	65	87	106	119	101	110	150	143	133
NOPAT Margin	11.40%	9.27%	11.61%	12.63%	13.83%	12.32%	12.48%	15.18%	14.34%	14.35%
Net Nonoperating Expense Percent (NNEP)	-0.01%	0.04%	-0.12%	1.23%	1.29%	1.00%	1.42%	1.27%	1.50%	1.66%
Return On Investment Capital (ROIC_SIMPLE)	-	4.49%	-	-	-	6.06%	-	-	-	6.67%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	85.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	85.70%	88.23%	85.31%	84.03%	82.71%	84.46%	84.24%	80.80%	81.99%	81.89%
Earnings before Interest and Taxes (EBIT)	107	82	114	137	151	130	142	194	181	171
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	107	82	114	137	151	130	142	194	181	171
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.36	7.65	7.04	6.15	8.28	9.15	10.71	9.12	12.77	9.55
Price to Tangible Book Value (P/TBV)	7.36	7.65	7.04	6.15	8.28	9.15	10.71	9.12	12.77	9.55
Price to Revenue (P/Rev)	3.60	3.90	3.58	3.13	4.23	4.66	5.44	4.70	6.74	5.00
Price to Earnings (P/E)	34.64	37.12	33.11	26.86	33.31	34.13	38.17	31.45	44.49	31.61
Dividend Yield	2.02%	1.85%	1.99%	2.24%	1.62%	1.44%	1.21%	1.37%	0.93%	1.24%
Earnings Yield	2.89%	2.69%	3.02%	3.72%	3.00%	2.93%	2.62%	3.18%	2.25%	3.16%
Enterprise Value to Invested Capital (EV/IC)	21.00	21.88	18.99	15.99	19.24	23.22	26.25	21.93	32.82	25.26
Enterprise Value to Revenue (EV/Rev)	3.24	3.53	3.23	2.78	3.91	4.32	5.11	4.37	6.39	4.64
Enterprise Value to EBITDA (EV/EBITDA)	25.38	26.57	23.16	19.16	25.42	26.47	30.94	25.11	36.45	25.62
Enterprise Value to EBIT (EV/EBIT)	25.38	26.57	23.16	19.16	25.42	26.47	30.94	25.11	36.45	25.62
Enterprise Value to NOPAT (EV/NOPAT)	31.91	33.64	29.53	24.60	32.64	34.16	39.88	32.31	46.77	32.87
Enterprise Value to Operating Cash Flow (EV/OCF)	23.88	27.41	24.12	19.17	34.13	37.01	41.31	36.92	41.66	28.83
Enterprise Value to Free Cash Flow (EV/FCFF)	87.17	52.41	40.75	32.49	74.37	53.38	64.30	51.61	55.38	39.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.74	-0.71	-0.68	-0.66	-0.64	-0.66	-0.64	-0.63	-0.62	-0.64
Leverage Ratio	1.67	1.61	1.58	1.56	1.54	1.51	1.49	1.49	1.48	1.47
Compound Leverage Factor	1.66	1.61	1.51	1.69	1.67	1.63	1.65	1.59	1.64	1.65
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	10.43	11.47	11.74	10.53	13.46	14.48	16.56	14.81	19.41	15.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.14	1.17	1.28	1.34	1.28	1.31	1.29	1.32	1.36	1.43
Quick Ratio	1.06	0.84	1.18	1.24	1.18	1.01	1.00	0.99	0.99	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-94	-42	-0.49	23	-93	-48	-56	-29	65	42
Operating Cash Flow to CapEx	579.36%	784.63%	250.92%	510.33%	194.71%	722.46%	388.46%	468.68%	718.67%	414.76%
Free Cash Flow to Firm to Interest Expense	-820.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1,146.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	948.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.26	1.27	1.31	1.35	1.38	1.39	1.42	1.41	1.40	1.42
Accounts Receivable Turnover	5.30	5.66	5.77	5.37	5.41	5.68	5.78	5.46	5.43	5.70
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	68.91	64.50	63.23	67.91	67.43	64.22	63.12	66.83	67.17	64.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	68.91	64.50	63.23	67.91	67.43	64.22	63.12	66.83	67.17	64.07
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	429	459	496	527	640	607	662	707	719	698
Invested Capital Turnover	8.18	7.01	6.46	6.25	5.90	6.13	5.87	5.75	5.43	5.82
Increase / (Decrease) in Invested Capital	179	107	88	83	212	149	165	179	78	90
Enterprise Value (EV)	9,001	10,038	9,422	8,433	12,316	14,107	17,366	15,501	23,588	17,624
Market Capitalization	9,981	11,083	10,469	9,506	13,343	15,222	18,490	16,682	24,877	18,977
Book Value per Share	$29.37	$31.36	$32.19	$33.45	$34.90	$36.00	$37.37	$39.59	$42.17	$43.02
Tangible Book Value per Share	$29.37	$31.36	$32.19	$33.45	$34.90	$36.00	$37.37	$39.59	$42.17	$43.02
Total Capital	1,357	1,448	1,487	1,545	1,612	1,663	1,726	1,829	1,948	1,987
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-980	-1,045	-1,046	-1,073	-1,027	-1,115	-1,124	-1,181	-1,289	-1,353
Capital Expenditures (CapEx)	23	16	19	26	27	21	22	28	28	47
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-40	-61	-16	5.31	11	-14	-17	19	10	-12
Debt-free Net Working Capital (DFNWC)	90	114	173	221	193	221	214	248	290	343
Net Working Capital (NWC)	90	114	173	221	193	221	214	248	290	343
Net Nonoperating Expense (NNE)	0.10	-0.42	1.10	-12	-12	-10	-15	-14	-16	-19
Net Nonoperating Obligations (NNO)	-928	-990	-991	-1,017	-972	-1,055	-1,065	-1,122	-1,229	-1,290
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	-1.46%	-2.15%	-0.53%	0.18%	0.36%	-0.44%	-0.49%	0.55%	0.28%	-0.30%
Debt-free Net Working Capital to Revenue	3.25%	4.00%	5.91%	7.27%	6.12%	6.77%	6.31%	6.99%	7.87%	9.03%
Net Working Capital to Revenue	3.25%	4.00%	5.91%	7.27%	6.12%	6.77%	6.31%	6.99%	7.87%	9.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.81	$691.41	$1.85	$2.53	$2.81	$2.39	$2.67	$3.52	$3.43	$3.27
Adjusted Weighted Average Basic Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Adjusted Diluted Earnings per Share	$1.61	$691.26	$1.65	$2.25	$2.51	$2.12	$2.38	$3.13	$3.06	$2.91
Adjusted Weighted Average Diluted Shares Outstanding	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M	52.30M	52.31M	52.31M	52.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M	46.19M
Normalized Net Operating Profit after Tax (NOPAT)	84	65	87	106	119	101	110	150	143	133
Normalized NOPAT Margin	11.40%	9.27%	11.61%	12.63%	13.83%	12.32%	12.48%	15.18%	14.34%	14.35%
Pre Tax Income Margin	14.36%	11.68%	14.51%	17.75%	19.07%	17.11%	17.86%	20.93%	20.09%	20.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	930.73	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	734.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	732.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	536.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	70.55%	69.25%	66.57%	60.53%	54.40%	49.70%	46.58%	43.28%	41.76%	39.56%
Augmented Payout Ratio	70.55%	69.25%	66.57%	60.53%	54.40%	49.70%	46.58%	43.28%	41.76%	39.56%

Frequently Asked Questions About Erie Indemnity's Financials

When does Erie Indemnity's fiscal year end?

According to the most recent income statement we have on file, Erie Indemnity's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Erie Indemnity's net income changed over the last 9 years?

Erie Indemnity's net income appears to be on an upward trend, with a most recent value of $600.31 million in 2024, rising from $174.68 million in 2015. The previous period was $446.06 million in 2023.

What is Erie Indemnity's operating income?

Erie Indemnity's total operating income in 2024 was $676.46 million, based on the following breakdown:

Total Gross Profit: $3.80 billion
Total Operating Expenses: $3.12 billion

How has Erie Indemnity revenue changed over the last 9 years?

Over the last 9 years, Erie Indemnity's total revenue changed from $1.51 billion in 2015 to $3.80 billion in 2024, a change of 152.1%.

How much debt does Erie Indemnity have?

Erie Indemnity's total liabilities were at $901.36 million at the end of 2024, a 11.4% increase from 2023, and a 41.3% increase since 2015.

How has Erie Indemnity's book value per share changed over the last 9 years?

Over the last 9 years, Erie Indemnity's book value per share changed from 16.66 in 2015 to 43.02 in 2024, a change of 158.3%.

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This page (NASDAQ:ERIE) was last updated on 4/16/2025 by MarketBeat.com Staff

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Erie Indemnity (ERIE) Financials

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Erie Indemnity (ERIE) Financials

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