Erie Indemnity Company
Key Metrics
- Previous Close
- $267.38
- 52-Week Range
- $204.63 – $368.80
- Market Cap
- $13.72B
- P/E (TTM)
- 24.24
- EPS (TTM)
- 10.82
- Dividend Yield
- 2.19%
Advanced Metrics
- Price/Book
- 5.56
- PEG Ratio
- 2.67
- Return on Equity
- 24.81%
- Return on Assets
- 14.15%
- Gross Margin
- 17.90%
- Operating Margin
- 19.10%
- Profit Margin
- 14.01%
- Current Ratio
- 1.25
- Debt/Equity
- 0.03
- Total Debt
- $63.16M
- Free Cash Flow
- $481.21M
- Revenue Growth
- 2.80%
- Earnings Growth
- 3.20%
- Enterprise Value
- $13.47B
Market Snapshot
About
Erie Indemnity Company serves as the attorney-in-fact for the policyholders of Erie Insurance Exchange, providing management and administrative services to the Exchange. The company operates under a unique reciprocal insurance structure where policyholders are both insureds and owners of the Exchange. Erie Indemnity receives a management fee calculated as a percentage of the direct and assumed premiums written by Erie Insurance Exchange. The company provides sales, underwriting, policy issuance, and administrative services exclusively for the Exchange and its affiliates. Headquartered in Erie, Pennsylvania, and founded in 1925, Erie Indemnity provides a steady revenue stream tied to the growth of the Erie Insurance Exchange's premium volume. The company operates primarily in 12 states and the District of Columbia.