Erie Indemnity Company(ERIE) Stock Research - Grey Stern Research

Erie Indemnity Company (ERIE) Stock Analysis

$421.38 (8.74%)

ERIE Financial Performance


Use the table below to view Erie Indemnity Company's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $387.51 -
52 Week Low $207.99 -
52 Week High $420.34 -
Market Cap $17.9 Billion 6/13
Gross Margin 16% 13/13
Profit Margin 14% 5/13
EBITDA margin 16% 6/13
Q1 - 2024 Revenue $880.5 Million 6/13
Q1 - 2024 Earnings $124.6 Million 6/13
Q1 - 2024 Free Cash Flow $64.7 Million 5/13
Trailing 4 Quarters Revenue $3.4 Billion 6/13
Trailing 4 Quarters Earnings $484.4 Million 6/13
Quarterly Earnings Growth 44% 2/13
Annual Earnings Growth 71% 4/13
Quarterly Revenue Growth 18% 3/13
Annual Revenue Growth 20% 2/13
Cash On Hand $144.9 Million 7/13
Short Term Debt $514.5 Million 4/13
Long Term Debt $727.5 Million 13/13

Erie Indemnity Company Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Erie Indemnity Company's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 36.95 3/13
PS 5.25 4/13
PB 10.37 2/13
PC 123.55 1/13
Liabilities to Equity 0.48 11/13
ROA 0.19 1/13
ROE 0.28 2/13
Current Ratio 3.08 2/13
Quick Ratio 0.27 5/13
Long Term Debt to Equity -0.42 12/13
Debt to Equity 0.00 12/13
Burn Rate -5.79 11/13
Cash to Cap 0.01 13/13
CCR 0.52 4/13
EV to EBITDA 126.21 2/13
EV to Revenue 5.21 5/13

Company Details

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.

CEO: Mr. Timothy NeCastro

Website: https://www.erieinsurance.com

Address: 100 Erie Insurance Pl Erie, PENNSYLVANIA

Exchange: NASDAQ Global Select

Industry: Insurance Brokers

Erie Indemnity Company Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Erie Indemnity Company. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Marsh & McLennan Companies, Inc. MMC $107.2 Billion
Brown & Brown, Inc. BRO $28.3 Billion
Aon plc AON $70.2 Billion
Fanhua Inc. FANH $94.1 Million
Arthur J. Gallagher & Co. AJG $62.0 Billion
eHealth, Inc. EHTH $156.1 Million
CorVel Corporation CRVL $5.3 Billion
Crawford & Company CRD-A $476.8 Million
Crawford & Company CRD-B $444.3 Million
Huize Holding Limited HUIZ $46.7 Million
BRP Group, Inc. BRP $2.2 Billion
Willis Towers Watson Public Limited Company WTW $28.9 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
ERIE Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 880.5 Million $124.6 Million
Q4 2023 $ 817.5 Million $110.9 Million
Q3 2023 $ 858.9 Million $131.0 Million
Q2 2023 $ 851.5 Million $117.9 Million
Q1 2023 $ 747.7 Million $86.2 Million
Q4 2022 $ 700.9 Million $65.5 Million
Q3 2022 $ 741.2 Million $84.3 Million
Q2 2022 $ 726.1 Million $8.3 Million

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ERIE Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $144.9 Million $2.6 Billion $0 $1.7 Billion
Q4 2023 $144.1 Million $2.5 Billion $0 $1.7 Billion
Q3 2023 $102.9 Million $2.4 Billion $0 $1.6 Billion
Q2 2023 $143.0 Million $2.3 Billion $0 $1.5 Billion
Q1 2023 $122.4 Million $2.2 Billion $0 $1.5 Billion
Q4 2022 $142.1 Million $2.2 Billion $0 $1.4 Billion
Q3 2022 $97.7 Million $2.2 Billion $0 $1.4 Billion
Q2 2022 $90.3 Million $2.2 Billion $40.0 Million $1.3 Billion

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ERIE Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 $64.7 Million -$22.4 Million $817,000
Q4 2023 $127.9 Million -$20.5 Million $41.2 Million
Q3 2023 -$27.1 Million -$27.1 Million -$40.1 Million
Q2 2023 -$25.9 Million -$25.9 Million $20.6 Million
Q1 2023 $28.9 Million -$19.1 Million -$19.7 Million
Q4 2022 $49.2 Million -$16.3 Million $44.4 Million
Q3 2022 $109.0 Million -$22.9 Million $7.3 Million
Q2 2022 $70.2 Million -$12.6 Million -$51.0 Million

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