Erie Indemnity (ERIE) stock
Financials · Insurance Brokers
Erie Indemnity (ERIE) is an Insurance Brokers company in the Financials sector, headquartered in Erie, Pennsylvania. As of October 23, 2026, ERIE closed at $253.52, a market capitalization of $13.26 billion, the 466th largest company in the S&P 500. Over the last twelve months it generated $4.12 billion in revenue (+3% year over year) and $553.08 million in free cash flow. The stock trades at 23.0x trailing earnings and 18.1x forward earnings.
- 1-year total return: -20.3% (dividends reinvested)
- 5-year return: +6.6% a year
- 52-week range: $204.63 – $330.54
- Gross margin 17.9%, operating margin 19.1%
- Dividend yield: 2.31%, 29 straight years of increases
- FI Handbook report card: C across 9 metrics
- 72nd largest of 76 Financials stocks in the S&P 500
ERIE price chart
1Y price change: -22.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| ERIE | +13.0% | -9.5% | -20.3% | -3.6% | +6.6% | +11.9% | +12.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1995.
ERIE key statistics
- Market cap
- $13.3B
- #466 in S&P 500
- P/E (TTM)
- 23.0x
- Forward P/E
- 18.1x
- EPS (TTM)
- $11.03
- Revenue (TTM)
- $4.1B
- +3%
- Free cash flow
- $553.1M
- Gross margin
- 17.9%
- Operating margin
- 19.1%
- Return on equity
- 24.8%
- Dividend yield
- 2.31%
- 52-week range
- $204.63 – $330.54
- Beta
- 0.33
- Price / sales
- 3.2x
- EV / EBITDA
- 15.6x
- Debt / equity
- 0.03x
- Employees
- 6,667
ERIE report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth2.8%D
- Gross margin17.9%D
- Operating margin19.1%C
- FCF margin13.4%C
- Return on equity24.8%B
- Net debt / EBITDA-0.3xA
- Forward P/E18.1xB
- PEG ratio2.7xD
- Shareholder yield2.3%C
- Share count change / yr——
Erie Indemnity financials
Revenue went from $1.6B in fiscal 2016 to $4.1B in fiscal 2025, growing 10.9% a year.
| 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 | $293.5M | $290.3M | $344.3M | $357.3M | $338.2M | $318.1M | $376.2M | $520.3M | $676.5M | $717.2M |
| Net income | $210.4M | $197.0M | $288.2M | $316.8M | $293.3M | $297.9M | $298.6M | $446.1M | $600.3M | $559.3M |
| Free cash flow | $229.1M | $168.2M | $207.3M | $262.5M | $287.1M | $254.0M | $298.9M | $288.6M | $486.4M | $571.0M |
| Buybacks | $0 | — | — | — | — | — | — | — | — | — |
| Dividends paid | $136.0M | $145.8M | $156.5M | $167.7M | $272.9M | $192.8M | $206.8M | $221.7M | $237.5M | $254.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into ERIE?
A reverse DCF asks what growth the current price requires. With an enterprise value of $13.0B and $553.1M of trailing free cash flow, Erie Indemnity needs to grow free cash flow about 14.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 14.7% a year over the last five years.
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
ERIE dividend
- Dividend yield
- 2.31%
- Annual dividend
- $5.85
- Years of increases
- 29
- 5-yr dividend growth
- 7.2%
- per year
- Payout ratio
- 52%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
ERIE earnings
Next report: October 29, 2026. Erie Indemnity has beaten EPS estimates 1 quarters in a row. Last quarter's revenue was $1.3B (+2% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $3.35 | $3.45 | +2.9% |
| Apr 23, 2026 | $3.06 | $2.90 | -5.3% |
| Feb 23, 2026 | $1.59 | $2.76 | +73.7% |
| Oct 30, 2025 | $3.37 | $3.49 | +3.5% |
| Aug 7, 2025 | $3.55 | $3.35 | -5.7% |
| Apr 24, 2025 | $3.19 | $2.65 | -16.9% |
| Feb 27, 2025 | $2.82 | $2.91 | +3.1% |
| Oct 31, 2024 | $2.99 | $3.02 | +1.1% |
Stocks like ERIE
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
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 AJG Arthur J. Gallagher | -1.08% | -4% | $68.7B | 44.5x | Compare |
 AON Aon | -1.07% | -11% | $64.4B | 16.7x | Compare |
 WTW Willis Towers Watson Public Lim | -2.16% | -1% | $30.2B | 20.1x | Compare |
 BRO Brown & Brown | -2.04% | -17% | $24.4B | 23.0x | Compare |
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ERIE news
- Erie Indemnity to host third quarter 2026 pre-recorded conference call and webcast · Oct 12, 2026
- Here's What to Expect From Erie Indemnity's Next Earnings Report · Oct 12, 2026
- Erie Indemnity Stock: Is ERIE Underperforming the Financial Services Sector? · Sep 21, 2026
- Erie Indemnity (ERIE) Upgraded to Buy: Here's Why · Sep 14, 2026
- Erie Indemnity (ERIE) Stock May Be 2% Undervalued Despite Rich Earnings Valuation · Aug 27, 2026
ERIE stock FAQ
What is ERIE's market cap?
Erie Indemnity's market capitalization is $13.26 billion as of October 23, 2026, ranking 466th in the S&P 500.
What is ERIE's P/E ratio?
ERIE trades at a trailing price-to-earnings ratio of 23.0x and a forward P/E of 18.1x.
Does ERIE pay a dividend?
Yes. Erie Indemnity pays $5.85 per share a year, a 2.31% yield. It has raised its dividend 29 years in a row. Dividends grew 7.2% a year over the last five years.
How much has ERIE stock returned?
Including reinvested dividends, ERIE returned -20.3% over one year, +6.6% a year over five years, +11.9% a year over ten years through October 23, 2026.
Is ERIE stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Erie Indemnity must grow free cash flow about 15% a year for the next decade. Its free cash flow grew 15% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does ERIE report earnings?
Erie Indemnity is expected to report earnings on October 29, 2026. It has beaten EPS estimates 1 quarters in a row.
How many employees does Erie Indemnity have?
Erie Indemnity has about 6,667 full-time employees, or $617,889 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology