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Erie Indemnity key statistics and ratios

In fiscal 2025, Erie Indemnity had return on equity of 26.2%, an operating margin of 17.6%, debt equal to 0.0% of equity and a current ratio of 1.27. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Operating margin————16.1%15.8%15.4%18.4%17.2%14.5%14.4%13.3%12.1%13.2%15.9%17.8%17.6%17.9%
Net margin2.5%3.3%3.5%2.9%12.5%11.9%11.6%13.2%11.6%12.1%12.8%11.6%11.3%10.5%13.6%15.8%13.8%14.0%
Free-cash-flow margin———————14.4%9.9%8.7%10.6%11.3%9.6%10.5%8.8%12.8%14.0%13.4%
Return on equity1.9%4.9%20.0%22.5%23.6%23.3%23.7%26.5%23.5%31.5%30.1%25.3%23.5%21.4%28.7%32.9%26.2%23.8%
Return on assets0.8%1.2%1.2%1.1%1.0%1.9%12.8%14.2%12.3%16.7%16.7%14.2%13.7%13.3%18.9%22.4%17.9%16.4%
Asset turnover0.320.350.340.370.080.161.101.081.051.381.311.231.211.271.391.421.301.17
Current ratio—————1.331.431.421.572.141.521.171.211.171.311.431.271.31
Debt to equity0.0%0.0%0.0%0.0%0.0%0.0%0.0%3.0%8.7%10.2%8.6%8.1%7.0%0.0%0.0%0.0%0.0%0.0%
Interest cover (operating income ÷ interest)—————————140.0x——77.0x187.3x————
Effective tax rate14.9%33.9%25.1%31.1%34.1%33.3%34.4%34.3%37.6%22.4%20.1%20.4%20.9%20.7%20.6%20.7%21.3%21.5%
Capital spending as % of revenue———————1.6%1.7%2.4%4.1%2.2%5.6%2.4%2.8%3.3%2.8%3.3%
Free cash flow ÷ net income———————108.9%85.4%71.9%82.9%97.9%85.3%100.1%64.7%81.0%102.1%96.2%
Dividends ÷ net income86.1%60.5%60.4%143.1%51.4%70.8%72.6%64.6%74.0%54.3%52.9%93.0%64.7%69.3%49.7%39.6%45.5%46.5%
Dividends and buybacks ÷ free cash flow———————59.3%86.7%75.5%63.9%95.1%75.9%69.2%76.8%48.8%44.5%48.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 2 checks passed · September 30, 2026
What it owns · $3.7bn
Short-term assets $1.3bnLonger-term assets $2.3bn
What it owes, and who funded it · $3.7bn
Short-term liabilities $1.0bnLonger-term liabilities $105mShareholders' equity $2.6bn
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $1.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.3bn short-term assets against $105m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Erie Indemnity's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Erie Indemnity's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Erie Indemnity.