Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021, Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for the 2020 fiscal year.3Wikipedia text CC BY-SA 4.0
Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021, Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for the 2020 fiscal year.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue10111213146$4.1B in 2025+71% since 2018Operating income10111213146$717.2M in 2025+108% since 2018Net income10111213146$559.3M in 2025+94% since 2018
Revenue151617$1.1B in Q2 FY2026+3% since Q2 FY2025Operating income151617$204.1M in Q2 FY2026+2% since Q2 FY2025Net income151617$180.3M in Q2 FY2026+3% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2025-12-31
2024-12-31
2023-12-31
Total operating revenue
$4.1B
$3.8B
$3.3B
Total operating expenses
$3.4B
$3.1B
$2.7B
Operating income
$717.2M
$676.5M
$520.3M
Net investment income
$85.8M
$70.2M
$44.6M
Net realized and unrealized investment gains (losses)
$2.3M
$3.2M
-$5.8M
Net impairment losses recognized in earnings
-$3.3M
-$4.1M
-$9.8M
Total investment income
$84.9M
$69.3M
$29.0M
Other income
$8.6M
$11.6M
$12.7M
Contribution to charitable foundation
-$100.0M
$0
$0
Income before income taxes
$710.6M
$757.3M
$561.9M
Income tax expense
$151.3M
$157.0M
$115.9M
Net income
$559.3M
$600.3M
$446.1M
No quarter-by-quarter statement was filed.
Total assets1810111213146$3.4B in 2025+89% since 2018Total liabilities1810111213146$1.1B in 2025+33% since 2018Shareholders’ equity111213146$2.3B in 2025+135% since 2018Cash191213146$345.9M in 2025+30% since 2018Long-term debt18101112$0 in 2022
Total assets20161715$3.6B in Q2 FY2026+14% since Q2 FY2025Total liabilities20161715$1.1B in Q2 FY2026+15% since Q2 FY2025Shareholders’ equity151617$2.5B in Q2 FY2026+13% since Q2 FY2025Cash151617$282.9M in Q2 FY2026−21% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
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
Available-for-sale securities lent
$3.4M
$0
Receivables from Erie Insurance Exchange and affiliates, net
$735.6M
$707.1M
Prepaid expenses and other current assets, net
$66.1M
$83.9M
Accrued investment income
$14.3M
$11.1M
Total current assets
$1.2B
$1.1B
Available-for-sale securities, net
$1.3B
$991.7M
Equity securities
$70.6M
$85.9M
Available-for-sale and equity securities lent
$61.1M
$7.3M
Fixed assets, net
$571.5M
$513.5M
Agent loans, net
$94.0M
$80.6M
Defined benefit pension plan
$24.1M
$21.3M
Other assets, net
$48.5M
$43.3M
Total assets
$3.4B
$2.9B
Commissions payable
$425.3M
$408.3M
Agent incentive compensation
$132.6M
$75.5M
Accounts payable and accrued liabilities
$200.7M
$190.0M
Dividends payable
$68.1M
$63.6M
Contract liability
$47.6M
$42.8M
Deferred executive compensation
$9.4M
$14.9M
Securities lending payable
$61.9M
$7.5M
Total current liabilities
$945.6M
$802.5M
Defined benefit pension plan
$33.4M
$28.1M
Contract liability
$23.3M
$21.2M
Deferred executive compensation
$22.1M
$19.7M
Deferred income taxes, net
$24.8M
$6.4M
Other long-term liabilities
$23.0M
$23.5M
Total liabilities
$1.1B
$901.4M
Additional paid-in-capital
$16.5M
$16.5M
Accumulated other comprehensive loss
-$52.0M
-$47.6M
Retained earnings
$3.5B
$3.2B
Total contributed capital and retained earnings
$3.4B
$3.1B
Treasury stock, at cost; 22,110,132 shares held
-$1.2B
-$1.2B
Deferred compensation
$24.9M
$23.0M
Total shareholders' equity
$2.3B
$2.0B
$1.7B
$1.4B
Total liabilities and shareholders' equity
$3.4B
$2.9B
Restricted cash
$30.2M
$23.6M
Treasury stock (in shares)
22.1M shares
22.1M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
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
Available-for-sale securities lent
$3.4M
$0
Receivables from Erie Insurance Exchange and affiliates, net
$735.6M
$707.1M
Prepaid expenses and other current assets, net
$66.1M
$83.9M
Accrued investment income
$14.3M
$11.1M
Total current assets
$1.2B
$1.1B
Available-for-sale securities, net
$1.3B
$991.7M
Equity securities
$70.6M
$85.9M
Available-for-sale and equity securities lent
$61.1M
$7.3M
Fixed assets, net
$571.5M
$513.5M
Agent loans, net
$94.0M
$80.6M
Defined benefit pension plan
$24.1M
$21.3M
Other assets, net
$48.5M
$43.3M
Total assets
$3.4B
$2.9B
Commissions payable
$425.3M
$408.3M
Agent incentive compensation
$132.6M
$75.5M
Accounts payable and accrued liabilities
$200.7M
$190.0M
Dividends payable
$68.1M
$63.6M
Contract liability
$47.6M
$42.8M
Deferred executive compensation
$9.4M
$14.9M
Securities lending payable
$61.9M
$7.5M
Total current liabilities
$945.6M
$802.5M
Defined benefit pension plan
$33.4M
$28.1M
Contract liability
$23.3M
$21.2M
Deferred executive compensation
$22.1M
$19.7M
Deferred income taxes, net
$24.8M
$6.4M
Other long-term liabilities
$23.0M
$23.5M
Total liabilities
$1.1B
$901.4M
Additional paid-in-capital
$16.5M
$16.5M
Accumulated other comprehensive loss
-$52.0M
-$47.6M
Retained earnings
$3.5B
$3.2B
Total contributed capital and retained earnings
$3.4B
$3.1B
Treasury stock, at cost; 22,110,132 shares held
-$1.2B
-$1.2B
Deferred compensation
$24.9M
$23.0M
Total shareholders' equity
$2.3B
$2.0B
$1.7B
$1.4B
Total liabilities and shareholders' equity
$3.4B
$2.9B
Restricted cash
$30.2M
$23.6M
Treasury stock (in shares)
22.1M shares
22.1M shares
Cash from operations10111213146$686.7M in 2025+161% since 2018Dividends paid10111213146$254.3M in 2025+63% since 2018
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2025-12-31
2024-12-31
2023-12-31
Management fee received
$3.2B
$2.9B
$2.4B
Administrative services reimbursements received
$814.1M
$776.1M
$721.9M
Service agreement revenue received
$24.8M
$26.3M
$26.0M
Net investment income received
$78.7M
$67.6M
$57.4M
Commissions paid to agents
-$1.6B
-$1.4B
-$1.2B
Incentive compensation paid to agents
-$94.8M
-$94.9M
-$120.2M
Salaries and wages paid
-$264.4M
-$249.1M
-$226.0M
Pension contribution and employee benefits paid
-$115.3M
-$110.8M
-$169.8M
General operating expenses paid
-$316.6M
-$308.3M
-$293.9M
Administrative services expenses paid
-$836.7M
-$791.0M
-$730.1M
Contribution to charitable foundation
-$100.0M
$0
$0
Income taxes paid
-$104.0M
-$159.9M
-$104.4M
Net cash provided by operating activities
$686.7M
$611.2M
$381.2M
Available-for-sale securities
-$693.1M
-$473.6M
-$280.0M
Equity securities
-$36.9M
-$32.8M
-$35.5M
Other investments
-$50.0K
-$7.1M
-$88.0K
Available-for-sale securities sales
$206.0M
$205.2M
$160.6M
Available-for-sale securities maturities/calls
$188.6M
$196.6M
$76.6M
Equity securities
$34.3M
$35.9M
$24.5M
Other investments
$167.0K
$54.0K
$871.0K
Purchase of fixed assets
-$115.7M
-$124.8M
-$92.6M
Loans to agents and others
-$35.5M
-$36.4M
-$20.5M
Collections on agent and other loans
$12.9M
$10.1M
$8.6M
Net cash used in investing activities
-$439.3M
-$226.9M
-$157.6M
Dividends paid to shareholders
-$254.3M
-$237.5M
-$221.7M
Net changes in cash collateral for securities lent
$54.4M
$7.5M
$0
Net cash used in financing activities
-$199.9M
-$230.0M
-$221.7M
Net increase in cash, cash equivalents and restricted cash
$47.5M
$154.3M
$2.0M
Liability incurred to purchase fixed assets
$26.4M
$15.3M
$0
Operating lease assets obtained in exchange for lease liabilities
Erie Insurance Group is part of a group headed by Erie Insurance Exchange. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Erie Insurance Group
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Erie Insurance Group, latest Mar 26, 2026 (5 filings since Feb 10, 2022)
PNC Financial ServicesFiled SCHEDULE 13G/A on Erie Insurance Group, latest May 9, 2025 (6 filings since Feb 11, 2022)
BlackRockFiled SC 13G/A on Erie Insurance Group, latest Oct 7, 2024 (2 filings since Jan 31, 2024)
Erie Insurance GroupErie, Pennsylvania, United States
Erie Insurance Company of New York Subsidiary · Erie, Pennsylvania, United States
ERIE FAMILY LIFE INSURANCE COMPANY Subsidiary · Erie, Pennsylvania, United States
ERIE INSURANCE PROPERTY & CASUALTY COMPANY Subsidiary · Erie, Pennsylvania, United States
FLAGSHIP CITY INSURANCE COMPANY Subsidiary · Erie, Pennsylvania, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Erie Insurance Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Indemnity and the Exchange share a corporate home office campus in Erie, Pennsylvania, which comprises approximately one million square feet. Additionally, we lease an office building and a warehouse facility from third parties and are charged rent for the related square footage we occupy.
Indemnity and the Exchange also own or lease 24 field offices in 12 states used to primarily support claims-related activities. The Exchange owns five field offices and leases another 17 from third parties. Indemnity owns one field office and leases another from a third party. Commitments for properties leased from third parties expire periodically through 2031. We expect that most leases will be renewed or replaced upon expiration. Rental costs of shared facilities are allocated based upon square footage occupied.
Erie Insurance Exchange began in 1925 when two salesmen for the Pennsylvania Indemnity Exchange, H.O. Hirt and O.G. Crawford, left to create their own insurance company. In three months and 20 days, the two convinced 90 stockholders to invest using a hand-written business plan, raising $31,000 to begin their own auto insurance company.
The Pennsylvania Insurance Department issued a license to the Erie Insurance Exchange as an automobile insurer, beginning operations on April 20, 1925. Erie Insurance Exchange was formed as a reciprocal and Erie Indemnity Company was formed as its managing company. The annual premium charge per auto was $34.
Co-founder H.O. Hirt hoped to create a company built on service, developing the mantra "The ERIE is above all in sERvIcE," with the letters "E-R-I-E" raised out of the word "service". Customers, who were encouraged to call the company collect, could even expect the cofounders to answer the phone themselves. The company's first adjuster and full-time claims manager, Sam P. Black Jr., had a phone extension installed in his room at the local YMCA, offering 24-hour service to policyholders.
Erie Insurance created a type of auto policy in 1934 named the "Super Standard Auto Policy," that was used as a model for other insurance companies across the county. The policy included extra coverage not seen in other policies during the 1930s such as "Drive Other Car" coverage and waiving collision deductibles between two ERIE-insured vehicles. The company later expanded into home, business and life insurance.
The company had an office only in Erie until 1928 when it expanded into Pittsburgh, Pennsylvania. Its footprint continued to expand, reaching outside of Pennsylvania and opening a branch campus in
Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $3.50 a share, on Oct 30, 2025.119
When it reported results
Jul 30, 2026Reported quarterly or annual results107
Apr 23, 2026Reported quarterly or annual results109
Feb 23, 2026Reported quarterly or annual results110
Oct 30, 2025Reported quarterly or annual results113
Aug 7, 2025Reported quarterly or annual results114
Apr 24, 2025Reported quarterly or annual results118
Feb 27, 2025Reported quarterly or annual results120
Oct 31, 2024Reported quarterly or annual results121
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
900 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 813 insider forms, 13 large holders, 14 other. The latest 20:
BlackRockSC 13G/A, 2 filings Jan 31, 2024 to Oct 7, 2024124
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Erie Insurance Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
From the cover page of the 10-K filed Feb 23, 2026 (Section 12(b) of the Exchange Act).21
Risk factors and legal proceedings
The risks Erie Insurance Group names in Item 1A of its 10-K filed Feb 23, 2026: 9 risks under these headings, as written.21
Risks related to Erie Insurance Exchange
If the management fee rate retained by Indemnity is reduced or if there is a significant decrease in the amount of direct and affiliated assumed premiums written by the Exchange, revenues and profitability could be materially adversely affected.
Operating risks
If the costs of providing services to the Exchange are not controlled, our profitability could be materially adversely affected.
If we are unable to attract, develop, retain, and protect talented executives, key managers, and employees our financial condition and results of operations could be adversely affected.
If we are unable to effectively maintain system availability or manage technology initiatives, we may experience adverse financial consequences and/or may be unable to compete effectively.
If we experience difficulties with technology, data or network security, including those that could result from cyber attacks, third-party relationships or cloud-based relationships, our ability to conduct our business could be adversely impacted.
If events occurred causing interruption of our operations, facilities, systems or business functions, it could have a material adverse effect on our operations and financial results.
We are subject to applicable insurance laws, tax statutes, and numerous other federal and state laws and regulations, as well as claims and legal proceedings, which, if determined unfavorably, could have a material adverse effect on our business, results of operations, or financial condition.
Market, Capital, and Liquidity risks
The performance of our investment portfolio is subject to a variety of investment risks, which may in turn have a material adverse effect on our results of operations or financial condition.
Deteriorating capital and credit market conditions or a failure to accurately estimate capital needs may significantly affect our ability to meet liquidity needs and access capital.
Legal proceedings
Erie Indemnity Company ("Indemnity") was named as a defendant in a complaint filed on August 24, 2021, by alleged subscribers of the Erie Insurance Exchange (the "Exchange") in the Court of Common Pleas Civil Division of Allegheny County, Pennsylvania captioned TROY STEPHENSON, CHRISTINA STEPHENSON, SUSAN RUBEL and STEVEN BARNETT, individually and on behalf of all others similarly situated (Plaintiffs) v. Erie Indemnity Company (Defendant).
The complaint seeks relief for alleged breaches of fiduciary duty by Indemnity in connection with the setting of the management fee it receives, in accordance with the terms of the Subscribers Agreement executed between Indemnity and all policyholders of the Exchange, as compensation for acting as the attorney-in-fact in the management of the Exchange. The relief sought is for the period beginning two years prior to the date of the filing of the complaint and continuing through 2021.
The complaint seeks (i) a finding that Indemnity has breached its fiduciary duties; (ii) an award of damages in an amount to be determined at trial; and (iii) such other relief, including disgorgement of profits or other injunctive relief, that the Court deems just and proper.
Service of the complaint was effectuated on September 20, 2021. A Notice of Removal to the United States District Court for the Western District of Pennsylvania was filed on October 20, 2021. On November 2, 2021, Plaintiffs filed a Notice of Voluntary Dismissal. As a result, the action was dismissed without prejudice.
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