Erie Indemnity Co. - Ordinary Shares - Class A

Erie Indemnity Co. - Ordinary Shares - Class A

ERIE

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Market Cap$9.84B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Erie Indemnity Co. - Ordinary Shares - Class AErie Indemnity Co. - Ordinary Shares - Class A17.42.65%17%2.3-

Earnings Call Q4 2024

February 28, 2025 - AI Summary

Strong Financial Performance: Erie Indemnity Company reported a net income of $600 million for 2024, with earnings per diluted share of $11.48, a significant increase from $446 million and $8.53 per diluted share in 2023. This growth reflects a robust operating performance amid industry challenges.
Premium Growth and Retention: Direct written premiums for Erie Insurance Exchange grew by 16% in Q4 2024 and over 18% for the full year, supported by a 4.8% increase in policies in force, reaching over 7 million. Policyholder retention remained strong at 90.4%, indicating solid customer loyalty despite market volatility.
Improved Combined Ratio: The combined ratio improved significantly from 119.1 in 2023 to 110.4 for the full year 2024, demonstrating enhanced profitability as rate increases took effect. The fourth quarter ratio improved to 105.7, signaling better underwriting performance.

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$445.57

Current Fair Value

115% upside

Undervalued by 115% based on the discounted cash flow analysis.

Share Statistics

Market cap$9.84 Billion
Enterprise Value$9.57 Billion
Dividend Yield$5.66 (2.65%)
Earnings per Share$12.01
Beta0.32
Outstanding Shares46,570,358

Return

Return on Equity16.92%ROE
Return on Assets16.92%
Return on Invested Capital27.41%

Valuation & Multiples

P/E Ratio17.37P/E Ratio
PEG199.36PEG
Price to Sales2.25Price to Sales
Price to Book Ratio4.14Price to Book Ratio
Enterprise Value to Revenue2.21
Enterprise Value to EBIT14.1
Enterprise Value to Net Income16
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 23, 2026
EPS Estimate
$3.06
Average shareholder expectation
Revenue Estimate
$1.09 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 6, 2026
EPS Estimate
$3.35
Average shareholder expectation
Revenue Estimate
$1.09 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.2786 24.81%
Total Calls141,400 19.93%
Total Puts39,400 994.44%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %42.95% 1.80%
Total Invested$5.03B 15.85%
Investors Holding405 19.00%

ESG Score

No data

About Erie Indemnity Co.

CEO: Timothy NeCastro

Relevant Senate Committees

Joint Committee on Taxation

As the non-partisan body providing official revenue estimates and analysis for all tax legislation, its insights and reports are foundational to tax policy, directly influencing an insurer's financial structure and profitability.

Finance

Controls taxation, trade, and entitlement spending. Tax policy directly impacts corporate profitability and valuation, making non-public discussions on tax law highly material for an insurer like Erie Indemnity.

Banking, Housing, and Urban Affairs

Directly regulates the financial system, including capital markets and real estate, both fundamental to P&C insurance. Discussions on financial stability, capital adequacy, and real estate market conditions provide highly material, non-public information.