Erie Indemnity (ERIE) 10-K Summary — Year Ended Dec 31, 2024
Erie Indemnity Company filed its annual report for the most recent fiscal year. The filing highlights revenue growth over the past several years and reports operating income, net income, and operating cash flow for the period.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Erie Indemnity Company filed its annual report for the most recent fiscal year. The filing highlights revenue growth over the past several years and reports operating income, net income, and operating cash flow for the period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$3.8B
Revenue reported for the fiscal year.
Operating income
$676.5M
Income from operations reported for the year.
Net income
$600.3M
Net income reported for the year.
Operating cash flow
$611.2M
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, 2021 | $2.6B | n/a |
| Dec 31, 2022 | $2.8B | +7.8% |
| Dec 31, 2023 | $3.3B | +15.1% |
| Dec 31, 2024 | $3.8B | +16.1% |
Business overview
Erie Indemnity Company operates under a management fee agreement with the Erie Insurance Exchange. Its business is centered on providing management services to the Exchange.
Financial performance
Revenue increased over the reported period. The company reported operating income, net income, and positive operating cash flow for the most recent year.
Material risks
A material risk is the company's dependence on its relationship with the Erie Insurance Exchange and the associated management fee. Any disruption to this relationship could adversely affect results.
Liquidity and capital
The filing discusses liquidity and capital resources. The company generated operating cash flow during the period.
What to watch
Monitor any changes in the company's management fee agreement or relationship with the Erie Insurance Exchange, as disclosed in the risk factors.