Erie Indemnity (ERIE)
NASDAQ:ERIE
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.35Last Year’s EPS
3.34Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed cautious optimism: meaningful improvements in underwriting profitability (combined ratio under 100), higher net and operating income, stable policyholder surplus, and tangible progress on product, technology and AI initiatives. However, growth metrics showed meaningful deceleration (DWP growth slowed to 3.6%), policies in force and retention declined, and commission and personnel costs increased. Management framed the results as early signs of a turnaround while noting the competitive landscape and remaining work to restore balanced growth.Company Guidance
Improved Underwriting Profitability
Exchange combined ratio improved to 99.4% in Q1 2026 from 108.1% in Q1 2025 (≈8.7 percentage-point improvement), driven by ~3 points of improvement in non-catastrophe losses and almost 7 points of improvement in catastrophe losses as Q1 2025 included the company’s costliest weather event.
Net Income and Operating Income Growth
Indemnity net income was nearly $151 million ($2.88 per diluted share) in Q1 2026 versus $138 million ($2.65) in Q1 2025 (≈9.4% increase). Operating income increased approximately 10% to almost $167 million from $151 million year-over-year.
Policyholder Surplus and Capital Management
Policyholder surplus remained strong at $10.1 billion at March-end, essentially flat with December 2025, reflecting breakeven underwriting and investment results and supporting disciplined capital management (≈$68 million in dividends paid during Q1).
Premium and Fee Revenue Growth
Direct written premium grew 3.6% in Q1 2026 year-over-year, and management fee revenue grew approximately $31 million (≈4.2%), in line with the Exchange premium increase; average premium per policy grew 8.1%.
Expense Control Outside Commissions
Noncommission expenses decreased ~5.6% to $180 million in Q1 2026, driven by lower professional fees and reductions across most categories.
Investment Income Slightly Higher
Investment income rose to $22 million in Q1 2026 from $20 million a year earlier, reflecting higher yields and invested balances.
Product, Technology and AI Progress
Continued rollout and expansion of Erie Secure Auto (Ohio pilot successful; expanded to Virginia and West Virginia, with four additional states planned), Business Auto 2.0 nearing completion across footprint (one state remaining), new online quote platform launched in Ohio with expansion planned, and modernization of more than half of systems to contemporary platforms. Company scaled secure AI tools (ChatGPT Enterprise) and embedded AI into claims and operational workflows to improve efficiency and quality.
Board and Leadership Continuity
Board succession executed: Jonathan Hirt Hagen elected Chairman; Tom Hagen to serve as Chairman Emeritus and Executive Committee Chair; new board member William Edwards added; continued institutional knowledge following leadership changes.
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 |
|---|---|---|---|
Apr 23, 2026 | $248.90 | $233.62 | -6.14% |
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% |
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 Jul 23, 2026, After Close (Confirmed).
What is Erie Indemnity (ERIE) earnings time?
Erie Indemnity (ERIE) earnings time is at Jul 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 (Q2) is 3.35.