Erie Indemnity/ERIE

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About Erie Indemnity

Erie Indemnity Co mainly performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.

Ticker

ERIE

Sector

Financials

Trading on

NASDAQ

Industry

Insurance

Headquarters

Erie, United States

Employees

6,493

Erie Indemnity Metrics

BasicAdvanced
$19B
Market cap
34.96
P/E ratio
$10.48
EPS
0.47
Beta
$4.93
Dividend rate
1.35%
Dividend yield
$19B
0.47
$4.93
1.295
1.181
46.58%
15.21%
30.15%
34.96
4.98
11.17
11.17
52.19
1.35%
16.32%
53.15%
10.03%
21.25%
7.22%

Erie Indemnity Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
14.13% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$881M
7.72%
Net income
$125M
12.26%
Profit margin
14.13%
4.20%

Erie Indemnity Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.93%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$2.25
$2.51
$2.12
$2.38
-
Expected
$1.91
$2.06
$2.03
$2.29
$2.58
Surprise
18.11%
22.14%
4.69%
3.93%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
Market closedNon-fractional

Upcoming events

Jul
9
Erie Indemnity
Dividend·Ex-dividend
Jul
23
Erie Indemnity
Dividend·Payment
$1.275
Per share

FAQs

What’s the current market cap for Erie Indemnity stock?

Erie Indemnity (ERIE) has a market cap of $19B as of July 03, 2024.

What is the P/E ratio for Erie Indemnity stock?

The price to earnings (P/E) ratio for Erie Indemnity (ERIE) stock is 34.96 as of July 03, 2024.

Does Erie Indemnity stock pay dividends?

Yes, the Erie Indemnity (ERIE) stock pays dividends to shareholders. As of July 03, 2024, the dividend rate is $4.93 and the yield is 1.35%. Erie Indemnity has a payout ratio of 46.58% on a trailing twelve-month basis.

When is the next Erie Indemnity dividend payment date?

The next Erie Indemnity (ERIE) dividend payment is scheduled for July 23, 2024.

What is the beta indicator for Erie Indemnity?

Erie Indemnity (ERIE) has a beta rating of 0.47. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

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