Company file · ERIE
Erie Indemnity
Erie Indemnity's revenue rose 7.2% in FY2025, to $4.1B, and net income fell 6.8% to $559M
Revenue rose 7.2% to $4.1B in FY2025, from $3.8B in FY2024. Net income fell 6.8% to $559M. Policy Issuance and Renewal Services was the largest product or service, at 77% of revenue.
Key facts
Erie Indemnity (Nasdaq: ERIE) closed fiscal 2025 on Dec 31, 2025 with revenue of $4.1B, up 7.2% from a year before; net income came to $559M, down 6.8%. Its newest quarterly report covers the three months to Sep 30, 2026: revenue of $1.1B, up 0.3% on the same stretch of the prior year, and net income of $182M. Broken down by product or service, Policy Issuance and Renewal Services led with 77% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 23, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Oct 29, 2026).
Source: 10-K FY2025, filed Feb 23, 2026
Source: 10-Q filed Apr 23, 2026 · 10-Q filed Jul 30, 2026 · 10-Q filed Oct 29, 2026
How it makes money
By product or service, FY2025
- LineAmountSharevs FY2024
- Policy Issuance and Renewal Services$3.1B77%+8.2%
- Administrative Services Reimbursements$837M21%+3.8%
- Administrative Services Management Fee$74M2%+8.3%
- Service Agreement$25M1%−6.1%
Source: 10-K FY2025, XBRL breakdown
By product or service in FY2025: Policy Issuance and Renewal Services (77%), Administrative Services Reimbursements (21%), Administrative Services Management Fee (2%) and Service Agreement (1%), as shares of total revenue. Total revenue was $4.1B.
Source: 10-K FY2025
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Company
Source: Erie Indemnity 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026
By product or service
Source: Erie Indemnity 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026
The bull case and the bear case
The bull case
- Revenue rose 7.2% in FY2025 to $4.1B, from $3.8B a year earlier. 10-K, FY2025
- Revenue in the quarter ended Sep 30, 2026 was $1.1B, up 0.3% on a year earlier. 10-Q, quarter ended Sep 30, 2026
- Administrative Services Management Fee revenue grew 8.3% in FY2025 to $74M. 10-K, FY2025
The bear case
- Net income fell 6.8% in FY2025 to $559M, from $600M. 10-K, FY2025
- Net income in the quarter ended Sep 30, 2026 was $182M, down 0.5% on a year earlier. 10-Q, quarter ended Sep 30, 2026
- Service Agreement revenue fell 6.1% in FY2025 to $25M. 10-K, FY2025
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Erie Indemnity is in the insurance brokers industry, part of the financials sector. The SEC files it under Insurance Agents, Brokers & Service.
The full description of Erie Indemnity's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the insurance brokers industry. They are not a summary of Erie Indemnity’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Catastrophes and claimsStorms, disasters and large claims can cause losses that are hard to predict.
- ReservesInsurers estimate future claims, and estimates can turn out too low.
- Investments and ratesReturns on the investment portfolio move with interest rates and markets.
- RegulationState and national insurance rules shape pricing, capital and products.
- Competition and pricingRivals can cut prices, and premiums may not keep pace with claims costs.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Risk factors (Item 1A)
- The cash flow statement
- Return on equity (ROE)
- Market cap and enterprise value
- Net debt and net cash
- Interest and taxes paid
- How stock exchanges work
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
- Erie Indemnity's revenue is the total revenue figure in its filings. For financial companies it can combine interest, fees, premiums and other income, so it isn't directly comparable with revenue at companies that sell products.
What we left out
- Operating cash flow, total debt and cash are left out: for this kind of financial company they mostly reflect lending, trading or investing flows and say little about the business, and they aren't comparable with other companies'.
- Diluted shares: the company's filing data doesn't carry them for all the years shown, so they aren't shown.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Oct 29, 2026 | Sep 30, 2026 |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 |
| 10-Q | Apr 23, 2026 | Mar 31, 2026 |
| 10-K | Feb 23, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Erie Indemnity
How does Erie Indemnity make money?
Fiscal 2025 revenue: $4.1B. By product or service in FY2025: Policy Issuance and Renewal Services (77%), Administrative Services Reimbursements (21%), Administrative Services Management Fee (2%) and Service Agreement (1%), as shares of total revenue. Total revenue was $4.1B. Source: 10-K for fiscal 2025, filed Feb 23, 2026.
What was Erie Indemnity's revenue in fiscal 2025?
$4.1B, up 7.2% from fiscal 2024 ($3.8B). The year ended Dec 31, 2025; for fiscal 2023 the figure was $3.3B. Source: 10-K for fiscal 2025, filed Feb 23, 2026.
Is Erie Indemnity profitable?
Net income was $559M in fiscal 2025 (down 6.8%; fiscal 2024 was $600M). That counts as a GAAP profit. The latest quarter, ended Sep 30, 2026: net income was $182M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 23, 2026.
What did Erie Indemnity report in its latest quarterly filing?
For the three months to Sep 30, 2026: revenue $1.1B (up 0.3% from $1.1B) and net income $182M (down 0.5% from $183M). Source: 10-Q for the quarter ended Sep 30, 2026, filed Oct 29, 2026.
What are the main risks Erie Indemnity faces?
Erie Indemnity's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 23, 2026. Risks that are common among companies in the insurance brokers industry include Catastrophes and claims; reserves; investments and rates; regulation; competition and pricing. The first: Storms, disasters and large claims can cause losses that are hard to predict. Source: 10-K, Item 1A Risk Factors.
Where do these Erie Indemnity numbers come from?
The 10-K filed Feb 23, 2026 (fiscal 2025) and the 10-Q filed Oct 29, 2026 (quarter ended Sep 30, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Erie Indemnity
- Millennium Management: 70,887 shares, reported value $17.0M at Jun 30, 2026 (−49.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Citadel Advisors: 57,083 shares, reported value $13.7M at Jun 30, 2026 (+128.8% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Renaissance Technologies: 31,991 shares, reported value $7.7M at Jun 30, 2026 (+76.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Bridgewater Associates: 2,403 shares, reported value $0.6M at Jun 30, 2026 (+48.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in ERIE
- The editor holds no position in Erie Indemnity (ERIE). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell ERIE from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold ERIE, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Erie IndemnityERIE | FY2025 | $4.1B | +7.2% | $559M |
| Marsh McLennanMRSH | FY2025 | $27.0B | +10.3% | $4.2B |
| Arthur J. GallagherAJG | FY2025 | $13.9B | +20.7% | $1.5B |
| Aon | FY2025 | $17.2B | +9.4% | $3.7B |
| Willis Towers WatsonWTW | FY2025 | $9.7B | −2.2% | $1.6B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.