Erie Indemnity (ERIE) 10-K Summaries & Annual Filing History
Review Erie Indemnity Company (ERIE) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Erie Indemnity Company operates as a management services company for the Erie Insurance Exchange. The filing reports annual revenue growth and positive operating income, net income, and operating cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.1B
Revenue reported for the fiscal year.
Operating income
$717.2M
Income from operations reported for the year.
Net income
$559.3M
Net income reported for the year.
Operating cash flow
$686.7M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $2.8B | +7.8% |
| Dec 31, 2023 | $3.3B | +15.1% |
| Dec 31, 2024 | $3.8B | +16.1% |
| Dec 31, 2025 | $4.1B | +7.2% |
Business overview
The company provides management services to the Erie Insurance Exchange under a management fee agreement. Its business is primarily dependent on its relationship with the Exchange. The filing does not describe any other lines of business.
Financial performance
Revenue increased over the prior year, continuing a multi-year upward trend. Operating income and net income were both positive, and operating cash flow was also positive. The filing does not provide a comparison of these metrics to the prior year.
Material risks
A key risk is the company's dependence on its relationship with the Erie Insurance Exchange and the management fee under that agreement. Forward-looking statements are subject to uncertainties that could cause actual results to differ materially. The filing also references risk factors in Item 1A but does not detail them in the supplied context.
Liquidity and capital
The filing includes a section on liquidity and capital resources but does not provide specific details in the supplied context. No capital allocation themes, such as dividends or share repurchases, are mentioned.
What to watch
Monitor any changes in the management fee agreement with the Erie Insurance Exchange, as it is central to the company's revenue model.