Erie Indemnity Co. - Ordinary Shares - Class A

Erie Indemnity Co. - Ordinary Shares - Class A

ERIE

Market Cap$16.31B
Close$

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 A30.11.49%30%5.7-

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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$315.95

Current Fair Value

12.1% downside

Overvalued by 12.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$16.31 Billion
Enterprise Value$16.05 Billion
Dividend Yield$5.28 (1.49490373725934%)
Earnings per Share$12.89
Beta0.37
Outstanding Shares52,289,703

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio30.07
PEG270.13
Price to Sales5.7
Price to Book Ratio9.21
Enterprise Value to Revenue4.84
Enterprise Value to EBIT30.85
Enterprise Value to Net Income26
Total Debt to Enterprise0
Debt to Equity0

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Erie Indemnity Co.

CEO: Timothy NeCastro