Erie Indemnity Co. - Ordinary Shares - Class A

Erie Indemnity Co. - Ordinary Shares - Class A

ERIE

Get informed when a big investor buys or sells

+ Follow
Market Cap$12.03B
Close$

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 A212.21%16%2.9-

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.

Exclusive for Stockcircle Pro members

Sign upSign Up
$415.52

Current Fair Value

62.3% upside

Undervalued by 62.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$12.03 Billion
Enterprise Value$11.74 Billion
Dividend Yield$5.75 (2.21%)
Earnings per Share$12.01
Beta0.3
Outstanding Shares46,189,033

Return

Return on Equity16.22%ROE
Return on Assets16.22%
Return on Invested Capital26.35%

Valuation & Multiples

P/E Ratio21.02P/E Ratio
PEG654.55PEG
Price to Sales2.88Price to Sales
Price to Book Ratio4.83Price to Book Ratio
Enterprise Value to Revenue2.85
Enterprise Value to EBIT17.22
Enterprise Value to Net Income20
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

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

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$3.41
Average shareholder expectation
Revenue Estimate
$1.09 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.1115 16.71%
Total Calls84,300 40.38%
Total Puts9,400 76.14%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %68.73% 25.78%
Total Invested$5.25B 4.38%
Investors Holding449 40.00%

ESG Score

No data

About Erie Indemnity Co.

CEO: Timothy NeCastro