Erie Indemnity (ERIE)
NASDAQ:ERIE
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.06Last Year’s EPS
2.65Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflects a company in recovery: meaningful progress in underwriting metrics (notably a sharp Q4 combined ratio improvement), premium and average premium growth, stronger investment income, and increased policyholder surplus and shareholder returns. However, the business still faces notable headwinds—weather‑driven severity, an elevated full‑year combined ratio above 100, declines in policies in‑force and retention, expense growth that in places outpaced revenue, and a large $100 million charitable contribution that reduced reported net income. On balance, positives around restored rate adequacy, capital strength, product innovation and customer satisfaction are counterbalanced by remaining underwriting pressure and cost/retention challenges.Company Guidance
Direct Written Premium Growth
Direct written premiums grew ~5% in Q4 2025 year-over-year and almost 9% for the full year 2025 versus 2024, driven primarily by realization of prior rate actions.
Average Premium Per Policy Increase
Average premium per policy grew 9.6% for the full year 2025 compared to 2024, reflecting realized rate actions and improved pricing alignment with loss cost trends.
Improved Combined Ratio
Fourth quarter combined ratio improved to 94.1% from 105.7% in Q4 2024. Full year combined ratio improved to 104.9% from 110.4% in 2024, indicating meaningful progress toward restore profitability.
Policyholder Surplus Growth
Policyholder surplus increased from approximately $9.3 billion at the start of 2025 to approximately $10.1 billion at year-end, demonstrating strengthened capital position and resilience to volatility (increase of roughly $0.8 billion).
Investment Income Improvement
Total investment income increased to just over $24 million in Q4 2025 (from $21 million in Q4 2024) and to almost $85 million for the full year 2025 (from ~$69 million in 2024), driven by higher balances and yields.
Operating Income Year-Over-Year Improvement
For the full year, operating income increased nearly $41 million, or ~6%, compared to 2024, with management fee revenue for policy issuance and renewal services up ~8.2% year-over-year.
Product and Distribution Enhancements
Launched Erie Secure Auto in West Virginia and Virginia (successful pilot in Ohio) and expanded Business Auto 2.0 to a ninth state (North Carolina), expected to improve competitiveness, quoting/servicing and underwriting consistency.
Strategic Investments and Recognition
Erie Strategic Ventures invested in two technology-focused portfolio companies (Atomic and Feathery) to drive innovation; Erie earned top J.D. Power ranking for auto claims satisfaction and for small business insurance satisfaction, and was named to Newsweek's America's Best Customer Service 2026.
Shareholder Returns
Paid shareholders over $254 million in dividends in 2025 and the Board approved a 7.1% increase in the quarterly dividend for 2026.
ERIE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ERIE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $262.25 | $255.53 | -2.56% |
Oct 30, 2025 | $306.26 | $289.45 | -5.49% |
Aug 07, 2025 | $347.26 | $351.91 | +1.34% |
Apr 24, 2025 | $400.93 | $354.95 | -11.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Erie Indemnity (ERIE) report earnings?
Erie Indemnity (ERIE) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Erie Indemnity (ERIE) earnings time?
Erie Indemnity (ERIE) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ERIE EPS forecast?
ERIE EPS forecast for the fiscal quarter 2026 (Q1) is 3.06.