Erie Indemnity (ERIE)
Financials · Insurance Services and Management
The attorney-in-fact and management services provider for Erie Insurance Exchange, a major reciprocal insurer, earning management fees on 25% of premiums written and reimbursed for claims and investment services.
What Erie Indemnity does
Erie Indemnity Company serves as the attorney-in-fact for Erie Insurance Exchange, a reciprocal property and casualty insurer founded in 1925. The company earns management fees (up to 25% of direct and affiliated assumed premiums) for policy issuance and renewal services, and cost-reimbursed fees for administrative services including claims handling, life insurance management, and investment management. Erie Insurance Exchange is the company's sole customer and generates all material revenue.
Themes: ["Insurance operations management","Reciprocal insurer services","Property and casualty insurance","Premium-based revenue model","Captive service provider"]
Fundamentals
- Price$247.81 as of 2026-07-09 close
- Market cap$11.5B as of 2026-07-10
- 1-year return-26.3% as of 2026-07-09 close
- P/E20.15 as of 2026-07-10
- Net margin+14.0% as of 2026-07-10
- Gross margin+17.9% as of 2026-07-10
- ROE+25.0% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+4.8% as of 2026-07-10
- Revenue CAGR (3y)+12.7% SEC XBRL
- Beta0.30 as of 2026-07-10
Dividend: yield +2.3%; pays a dividend.
Key risks (from latest filing)
["Concentration risk: Erie Insurance Exchange is the sole customer; any disruption to the Exchange's operations directly impacts Indemnity's revenue and earnings","Regulatory dependence: State insurance regulations govern intercompany service agreements and material amendments, limiting operational flexibility and subject to regulatory changes","Premium growth sensitivity: Earnings are heavily dependent on direct and affiliated assumed premiums written by the Exchange; declining premiums or market competition directly reduces management fee revenue"]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.