# Erie Indemnity Co (ERIE) — Stock CV

Erie Indemnity Co is a $11.6B financial services company. Revenue grew 3.7% over the last year, and it keeps 14¢ of every dollar of sales as profit. It trades at 17.9× earnings — near the lowest of its own history.

> Erie Indemnity Co mainly performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies.

## Identity

- **Ticker**: ERIE
- **Sector**: Financial Services
- **Industry**: Insurance Agents, Brokers & Service
- **Headquarters**: ERIE, PA
- **Employees**: 6 667
- **Website**: https://www.erieinsurance.com
- **Market cap**: $11.6B
- **Last price**: $222.04
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $4.12B
- **Net income**: $577M
- **Free cash flow**: $553M
- **P/E**: 17.9
- **Revenue growth (YoY)**: 3.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 60 |
| Profitability | 80 |
| Health | 62 |
| Quality | 82 |
| Moat | 75 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +3.7% YoY
- [x] Profitable — $577M TTM
- [x] Profit growing — +27.9% YoY
- [x] Generates cash — $553M TTM
- [x] Debt under control — current ratio 1.25
- [x] Established company — $11.6B market cap
- [x] Not printing shares — -0.0% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 8.8 — safe
- [x] Pays a dividend — yield 2.55%
- [x] Valuation not extreme — P/E 17.9

## Experience (career milestones)

- **FY2024** — Best year on record: $600M net income
- **FY2022** — Became debt-free: cash now exceeds total debt
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.60B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- Interest covered 538.9× by operating earnings
- High returns on invested capital (ROIC 24.9%)
- Altman Z-Score 8.85 — low bankruptcy-risk zone

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.63B | $298M | $254M |
| FY2022 | $2.84B | $299M | $299M |
| FY2023 | $3.27B | $446M | $289M |
| FY2024 | $3.80B | $600M | $486M |
| FY2025 | $4.07B | $559M | $571M |

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Source: https://stockcv.com/ERIE — derived from company filings; may be delayed or incomplete. Information, not investment advice.