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Erie Indemnity Company ERIE Business Segments — Operating Income

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Other financials

Income statement

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Revenue$1.0B+2.3%
Operating income$166.8M+10.2%
Net income$150.5M+8.7%
EPS (diluted)$2.88+8.7%

Balance sheet

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Cash & equivalents$268.6M+3.2%
Total debt$40.0M
Total equity$2.4B+13.8%
Total assets$3.4B+13.8%

Cash flow

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Operating cash flow$91.9M-22.2%
CapEx$37.4M+26.1%
Free cash flow$54.5M-38.4%

Valuation

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Market cap$13.11B-30.1%
P/E23×-7.1×
P/S3.2×-1.5×

Profitability

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Operating margin17.9%+0.3pp
Net margin14%-1.8pp
FCF margin13.1%+0.1pp

Returns & leverage

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Return on equity25.8%-6.5pp
Debt / equity
Current ratio1.3×-0.1×

Where this comes from

Reported directly by Erie Indemnity Company in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Erie Indemnity Company’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 4:25 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-026866
(in thousands)20262025
Cost of operations - policy issuance and renewal services645,028627,750
Cost of operations - administrative services200,096210,273
Total operating expenses (2)845,124838,023
Operating income166,787151,376
Total investment income22,11919,536
Other income1,4203,834
Income tax expense39,85236,329
Net income$150,474$138,417

Item 1. Financial Statements (Unaudited)

FAQ

What is Erie Indemnity Company's business segments — operating income?
Erie Indemnity Company (ERIE) reported business segments — operating income of $166.79M in Q1 2026.
How has Erie Indemnity Company's business segments — operating income changed year-over-year?
Erie Indemnity Company's business segments — operating income increased by 10.2% year-over-year, from $151.38M to $166.79M.
What is the long-term trend for Erie Indemnity Company's business segments — operating income?
Over 3 years (2022 to 2025), Erie Indemnity Company's business segments — operating income has grown at a 24.0% compound annual growth rate (CAGR), from $376.21M to $717.18M.
What does business segments — operating income mean?
Calculated as total operating revenue minus total operating expenses, this represents the core profitability of the management services segment. It excludes investment income and taxes, focusing strictly on the performance of the insurance management business model.

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