Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Erie Indemnity

ERIE stock analysis · Financials · Insurance Brokers

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$239.75HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
Needs share-count review

Price available; dated issuer common capital structure or outstanding share count still requires review.

Valuation

DCF value

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Reverse DCF

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Relative valuation

Requires market caps for at least five comparable profitable issuers.

Requires market caps for at least five comparable profitable issuers.

How this is calculated ↗
Valuation

Historical multiples

Requires three annual historical market caps and eligible filed earnings.

Requires three annual historical market caps and eligible filed earnings.

How this is calculated ↗
Valuation

Free cash flow yield

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Quality

ROIC / quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

16.2%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

A dated price is available, but an unambiguous issuer share count is missing or the share-class capital structure needs review.

A dated price is available, but an unambiguous issuer share count is missing or the share-class capital structure needs review.

How this is calculated ↗
Quality

Accrual quality

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.

How this is calculated ↗
Momentum

Fundamental momentum

2.6%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 686.7M2020-12-31: cfo $342,595,000.002020-12-31: capex $55,528,000.0020202021-12-31: cfo $402,794,000.002021-12-31: capex $148,800,000.0020212022-12-31: cfo $366,152,000.002022-12-31: capex $67,204,000.0020222023-12-31: cfo $381,205,000.002023-12-31: capex $92,647,000.0020232024-12-31: cfo $611,249,000.002024-12-31: capex $124,845,000.0020242025-12-31: cfo $686,657,000.002025-12-31: capex $115,692,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%
10.0%
12.0%

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-314.1B559.3M686.7M115.7M3.4B
2024-12-313.8B600.3M611.2M124.8M2.9B
2023-12-313.3B446.1M381.2M92.6M2.5B
2022-12-312.8B298.6M366.2M67.2M2.2B
2021-12-312.6B297.9M402.8M148.8M2.2B
2020-12-312.5B293.3M342.6M55.5M2.1B
2019-12-312.5B316.8M364.5M102M2B
2018-12-312.4B288.2M263.6M56.3M1.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue4.1BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-23
netIncome559.3MNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-23
Parent/common earnings proxy559.3MNetIncomeLoss2026-02-23
cfo686.7MNetCashProvidedByUsedInOperatingActivities2026-02-23
capex115.7MPaymentsToAcquireProductiveAssets2026-02-23
operatingIncome717.2MOperatingIncomeLoss2026-02-23
assets3.4BAssets2026-02-23
equity2.3BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-23
Parent book equity proxy2.3BStockholdersEquity2026-02-23
debtNot reported under a supported tag
shortDebtNot reported under a supported tag
cash345.9MCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents2026-02-23
sharesNot reported under a supported tag
dividends254.3MPaymentsOfDividendsCommonStock2026-02-23
buybacksNot reported under a supported tag
issuanceNot reported under a supported tag