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Erie Indemnity Company ("Indemnity", "we", "us", "our") is a publicly held Pennsylvania business corporation that has since its incorporation in 1925 served as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange ("Exchange"). The Exchange, which also commenced business in 1925, is a Pennsylvania-domiciled reciprocal insurer that writes property and ca…
17.63% operating margin is respectable but not wide. ROIC at 26.50%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 7.2%, steady but not accelerating.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$4.09B
▲ +7.2% YoY
Net Income (TTM)
$571M
▼ -6.8% YoY
Op. Margin
17.91%
▼ -0.2pp YoY
ROIC
25.31%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$537M
▲ +17.4% YoY
Op. Cash Flow (TTM)
$660M
▲ +12.3% YoY
Net Debt
-$323M
Net Cash Position
Cash & Equiv.
$323M
5Y CAGR: +9.9%
5Y CAGR: +14.7%
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