ERIE INDEMNITY CO (ERIE) financial statements: income statement, balance sheet and cash flow
ERIE INDEMNITY CO's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ERIE INDEMNITY CO reported revenue of $4.1B (+7.2% year on year) and net income of $559.3M (-6.8% year on year).
Income statement
ERIE INDEMNITY CO income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Total operating revenue
$4.1B
$3.8B
$3.3B
$2.8B
Total operating expenses
$3.4B
$3.1B
$2.7B
$2.5B
Operating income
$717.2M
$676.5M
$520.3M
$376.2M
Net investment income
$85.8M
$70.2M
$44.6M
$28.6M
Net realized and unrealized investment gains (losses)
$2.3M
$3.2M
($5.8M)
($27.3M)
Net impairment losses recognized in earnings
($3.3M)
($4.1M)
—
—
Total investment income
$84.9M
$69.3M
$29.0M
$632.0K
Other income
$8.6M
$11.6M
$12.7M
$1.6M
Contribution to charitable foundation
($100.0M)
—
—
—
Income before income taxes
$710.6M
$757.3M
$561.9M
$376.5M
Income tax expense
$151.3M
$157.0M
$115.9M
$77.9M
Net income
$559.3M
$600.3M
$446.1M
$298.6M
Common stock - basic (in dollars per share)
$1814.01
$1946.89
$1446.58
$968.41
Common stock - diluted (in dollars per share)
$1811.69
$1944.48
$1445.53
$967.71
Common stock - basic (in shares)
46.2M
46.2M
46.2M
46.2M
Common stock - diluted (in shares)
52.3M
52.3M
52.3M
52.3M
ERIE INDEMNITY CO income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Total operating revenue
$1.1B
$1.0B
$1.1B
$1.1B
Total operating expenses
$885.7M
$845.1M
$857.8M
$860.9M
Operating income
$204.1M
$166.8M
$208.9M
$199.2M
Net investment income
$22.6M
$23.6M
$21.0M
$20.0M
Net realized and unrealized investment gains (losses)
$557.0K
($765.0K)
$1.3M
$479.0K
Net impairment losses recognized in earnings
($591.0K)
($676.0K)
($810.0K)
($909.0K)
Total investment income
$22.6M
$22.1M
$21.6M
$19.6M
Other income
$1.4M
$1.4M
$2.3M
$2.0M
Income before income taxes
$228.1M
$190.3M
$232.8M
$220.7M
Income tax expense
$47.8M
$39.9M
$49.9M
$46.1M
Net income
$180.3M
$150.5M
$182.9M
$174.7M
Common stock - basic (in dollars per share)
$584.87
$488.23
$592.93
$566.75
Common stock - diluted (in dollars per share)
$584.45
$487.88
$592.50
$566.34
Common stock - Basic (in shares)
46.2M
46.2M
46.2M
46.2M
Common stock - Diluted (in shares)
52.3M
52.3M
52.3M
52.3M
Dividends declared (in dollars per share)
$220.84
$220.84
$206.12
$206.12
Balance sheet
ERIE INDEMNITY CO balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents (includes restricted cash of $30,189 and $23,559, respectively)
$345.9M
$298.4M
$144.1M
$142.1M
Available-for-sale securities
$33.9M
$44.6M
$82.0M
$24.3M
Available-for-sale securities lent
$3.4M
$7.3M
—
—
Receivables from Erie Insurance Exchange and affiliates, net
$735.6M
$707.1M
$625.3M
$524.9M
Prepaid expenses and other current assets, net
$66.1M
$83.9M
$69.3M
$79.2M
Accrued investment income
$14.3M
$11.1M
$9.5M
$8.3M
Total current assets
$1.2B
$1.1B
$930.2M
$778.8M
Available-for-sale securities, net
$1.3B
$991.7M
$879.2M
$870.4M
Equity securities
$70.6M
$85.9M
$84.3M
$72.6M
Available-for-sale and equity securities lent
$61.1M
—
—
—
Fixed assets, net
$571.5M
$513.5M
$442.6M
$413.9M
Agent loans, net
$94.0M
$80.6M
$58.4M
$60.5M
Defined benefit pension plan
$24.1M
$21.3M
$34.3M
—
Other assets, net
$48.5M
$43.3M
$42.9M
$43.3M
Total assets
$3.4B
$2.9B
$2.5B
$2.2B
Commissions payable
$425.3M
$408.3M
$353.7M
$300.0M
Agent incentive compensation
$132.6M
$75.5M
$68.1M
—
Accounts payable and accrued liabilities
$200.7M
$190.0M
$175.6M
$165.9M
Dividends payable
$68.1M
$63.6M
$59.4M
$55.4M
Contract liability
$47.6M
$42.8M
$41.2M
$36.5M
Deferred executive compensation
$9.4M
$14.9M
$11.0M
$12.0M
Securities lending payable
$61.9M
$7.5M
—
—
Total current liabilities
$945.6M
$802.5M
$709.0M
$665.1M
Defined benefit pension plan
$33.4M
$28.1M
$26.3M
$51.2M
Contract liability
$23.3M
$21.2M
$19.9M
$17.9M
Deferred executive compensation
$22.1M
$19.7M
$20.9M
$13.7M
Deferred income taxes, net
$24.8M
$6.4M
$11.5M
$0
Other long-term liabilities
$23.0M
$23.5M
$21.6M
$29.0M
Total liabilities
$1.1B
$901.4M
$809.1M
$791.0M
Common stock
$2.2M
$2.2M
$2.2M
$2.2M
Additional paid-in-capital
$16.5M
$16.5M
$16.5M
$16.5M
Accumulated other comprehensive loss
($52.0M)
($47.6M)
($13.4M)
($7.4M)
Retained earnings
$3.5B
$3.2B
$2.8B
$2.6B
Total contributed capital and retained earnings
$3.4B
$3.1B
$2.8B
$2.6B
Treasury stock, at cost; 22,110,132 shares held
-1.2B
-1.2B
-1.2B
-1.2B
Deferred compensation
$24.9M
$23.0M
$23.1M
$22.9M
Total shareholders' equity
$2.3B
$2.0B
$1.7B
$1.4B
Total liabilities and shareholders' equity
$3.4B
$2.9B
$2.5B
$2.2B
ERIE INDEMNITY CO balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents (includes restricted cash of $39,608 and $30,189, respectively)
$282.9M
$268.6M
$568.6M
$358.0M
Available-for-sale securities
$61.7M
$54.0M
$59.8M
$59.2M
Available-for-sale securities lent
$2.0M
$870.0K
$4.3M
—
Receivables from Erie Insurance Exchange and affiliates, net
$753.2M
$743.2M
$780.5M
$769.1M
Prepaid expenses and other current assets, net
$92.5M
$79.7M
$73.8M
$71.1M
Accrued investment income
$14.2M
$14.5M
$10.9M
$12.0M
Total current assets
$1.2B
$1.2B
$1.5B
$1.3B
Available-for-sale securities, net
$1.3B
$1.3B
$970.2M
$1.0B
Equity securities
$150.5M
$67.9M
$54.4M
$68.1M
Available-for-sale and equity securities lent
$67.9M
$54.4M
$51.8M
$35.5M
Fixed assets, net
$593.4M
$579.6M
$557.6M
$519.8M
Agent loans, net
$100.7M
$102.4M
$94.7M
$85.0M
Defined benefit pension plan
$62.1M
$66.6M
$51.8M
$54.6M
Other assets, net
$48.8M
$48.6M
$45.9M
$47.0M
Total assets
$3.6B
$3.4B
$3.3B
$3.1B
Commissions payable
$457.2M
$440.5M
$425.3M
$446.4M
Agent incentive compensation
$116.6M
$58.4M
$99.7M
$70.1M
Accounts payable and accrued liabilities
$205.8M
$229.4M
$200.0M
$193.0M
Dividends payable
$68.1M
$68.1M
$63.6M
$63.6M
Contract liability
$48.5M
$47.4M
$47.9M
$46.2M
Deferred executive compensation
$9.2M
$6.5M
$6.7M
$7.2M
Securities lending payable
$63.2M
$49.6M
$54.3M
$35.2M
Total current liabilities
$968.4M
$899.9M
$897.6M
$861.7M
Defined benefit pension plan
$34.7M
$34.0M
$31.1M
$26.8M
Contract liability
$23.1M
$22.9M
$23.4M
$22.6M
Deferred executive compensation
$21.0M
$24.0M
$20.8M
$18.5M
Deferred income taxes, net
$19.1M
$20.0M
$19.8M
$476.0K
Other long-term liabilities
$23.5M
$22.3M
$22.9M
$13.6M
Total liabilities
$1.1B
$1.0B
$1.0B
$943.7M
Common stock
$2.2M
$2.2M
$2.2M
$2.2M
Additional paid-in-capital
$16.5M
$16.5M
$16.5M
$16.5M
Accumulated other comprehensive loss
($62.8M)
($64.2M)
($31.2M)
($36.3M)
Retained earnings
$3.7B
$3.5B
$3.5B
$3.3B
Total contributed capital and retained earnings
$3.6B
$3.5B
$3.5B
$3.3B
Treasury stock, at cost; 22,110,132 shares held
-1.2B
-1.2B
-1.2B
-1.2B
Deferred compensation
$24.9M
$25.1M
$24.6M
$24.2M
Total shareholders’ equity
$2.5B
$2.4B
$2.3B
$2.2B
Total liabilities and shareholders’ equity
$3.6B
$3.4B
$3.3B
$3.1B
Cash flow statement
ERIE INDEMNITY CO cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Management fee received
$3.2B
$2.9B
$2.4B
$2.1B
Administrative services reimbursements received
$814.1M
$776.1M
$721.9M
$668.9M
Service agreement revenue received
$24.8M
$26.3M
$26.0M
$25.5M
Net investment income received
$78.7M
$67.6M
$57.4M
$40.2M
Commissions paid to agents
($1.6B)
($1.4B)
($1.2B)
($1.0B)
Incentive compensation paid to agents
($94.8M)
($94.9M)
($120.2M)
—
Salaries and wages paid
($264.4M)
($249.1M)
($226.0M)
($208.6M)
Pension contribution and employee benefits paid
($115.3M)
($110.8M)
($169.8M)
($68.4M)
General operating expenses paid
($316.6M)
($308.3M)
($293.9M)
($263.5M)
Administrative services expenses paid
($836.7M)
($791.0M)
($730.1M)
($667.5M)
Contribution to charitable foundation
($100.0M)
—
—
—
Income taxes paid
($104.0M)
($159.9M)
($104.4M)
($80.6M)
Net cash provided by operating activities
$686.7M
$611.2M
$381.2M
$366.2M
Available-for-sale securities
($693.1M)
($473.6M)
($280.0M)
($465.1M)
Equity securities
($36.9M)
($32.8M)
($35.5M)
($18.9M)
Other investments
($50.0K)
($7.1M)
($88.0K)
($157.0K)
Available-for-sale securities sales
$206.0M
$205.2M
$160.6M
$296.0M
Available-for-sale securities maturities/calls
$188.6M
$196.6M
$76.6M
$130.4M
Equity securities
$34.3M
$35.9M
$24.5M
$20.5M
Other investments
$167.0K
$54.0K
$871.0K
$429.0K
Purchase of fixed assets
($115.7M)
($124.8M)
($92.6M)
($67.2M)
Loans to agents and others
($35.5M)
($36.4M)
($20.5M)
($11.6M)
Collections on agent and other loans
$12.9M
$10.1M
$8.6M
$8.5M
Net cash used in investing activities
($439.3M)
($226.9M)
($157.6M)
($106.9M)
Dividends paid to shareholders
($254.3M)
($237.5M)
($221.7M)
($206.8M)
Net changes in cash collateral for securities lent
$54.4M
$7.5M
—
—
Net cash used in financing activities
($199.9M)
($230.0M)
($221.7M)
($300.8M)
Net increase in cash, cash equivalents and restricted cash
$47.5M
$154.3M
$2.0M
($41.6M)
Cash, cash equivalents and restricted cash, beginning of year
$298.4M
$144.1M
$142.1M
$183.7M
Cash, cash equivalents and restricted cash, end of year
$345.9M
$298.4M
$144.1M
—
Liability incurred to purchase fixed assets
$26.4M
$15.3M
$0
$26.4M
Operating lease assets obtained in exchange for lease liabilities
$4.0M
$7.9M
$5.9M
$7.7M
Receipt of donated equipment
$2.0M
—
—
—
ERIE INDEMNITY CO cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Management fee received
$1.7B
$802.9M
$2.4B
$1.5B
Administrative services reimbursements received
$410.9M
$199.8M
$609.5M
$500.3M
Service agreement revenue received
$11.7M
$5.9M
$18.7M
$11.7M
Net investment income received
$46.0M
$22.8M
$59.3M
$37.8M
Commissions paid to agents
($825.4M)
($390.0M)
($1.2B)
($783.1M)
Incentive compensation paid to agents
($137.9M)
($134.2M)
($89.9M)
($85.4M)
Salaries and wages paid
($130.0M)
($76.1M)
($200.5M)
($139.1M)
Pension contribution and employee benefits paid
($80.6M)
($65.2M)
($96.6M)
($78.2M)
General operating expenses paid
($148.5M)
($69.2M)
($236.5M)
($154.6M)
Administrative services expenses paid
($395.5M)
($205.0M)
($631.9M)
($414.5M)
Income taxes paid
($100.0M)
($7.0K)
($104.0M)
($73.4M)
Net cash provided by operating activities
$306.8M
$91.9M
$515.1M
$295.7M
Available-for-sale securities
($529.8M)
($187.2M)
($221.6M)
($208.7M)
Equity securities
($95.6M)
($3.2M)
($15.8M)
($14.5M)
Available-for-sale securities sales
$387.0M
$106.8M
$78.0M
$63.7M
Available-for-sale securities maturities/calls
$85.5M
$40.0M
$135.3M
$67.4M
Equity securities
$10.9M
$4.2M
$29.3M
$16.8M
Other investments
$252.0K
—
$0
$0
Purchase of fixed assets
($78.9M)
($37.4M)
($84.9M)
($49.9M)
Loans to agents and others
($18.7M)
($14.8M)
($30.7M)
($18.2M)
Collections on agent and other loans
$4.7M
$2.8M
$9.4M
$6.8M
Net cash used in investing activities
($234.7M)
($88.7M)
($101.1M)
($136.6M)
Dividends paid to shareholders
($136.2M)
($68.1M)
($190.7M)
($127.1M)
Net changes in cash collateral for securities lent
$1.1M
($12.3M)
$46.8M
$27.6M
Net cash used in financing activities
($135.1M)
($80.4M)
($143.9M)
($99.5M)
Net (decrease) increase in cash, cash equivalents and restricted cash
($63.0M)
($77.3M)
$270.2M
$59.6M
Cash, cash equivalents and restricted cash, beginning of period
$345.9M
$345.9M
$298.4M
$298.4M
Cash, cash equivalents and restricted cash, end of period
$282.9M
$268.6M
$568.6M
$358.0M
Liability incurred to purchase fixed assets
$5.3M
$1.5M
$24.3M
$844.0K
Operating lease assets obtained in exchange for lease liabilities