Erie Indemnity Company (ERIE) - Net Assets
Based on the latest financial reports, Erie Indemnity Company (ERIE) has net assets worth $2.35 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.38 Billion) and total liabilities ($1.02 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ERIE intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.35 Billion |
| % of Total Assets | 69.7% |
| Annual Growth Rate | 7.74% |
| 5-Year Change | 70.09% |
| 10-Year Change | 179.51% |
| Growth Volatility | 235.96 |
Erie Indemnity Company - Net Assets Trend (1993–2025)
This chart illustrates how Erie Indemnity Company's net assets have evolved over time, based on quarterly financial data. See Erie Indemnity Company defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Erie Indemnity Company (1993–2025)
The table below shows the annual net assets of Erie Indemnity Company from 1993 to 2025. For live valuation and market cap data, see Erie Indemnity Company (ERIE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.28 Billion | +14.90% |
| 2024-12-31 | $1.99 Billion | +19.51% |
| 2023-12-31 | $1.66 Billion | +14.80% |
| 2022-12-31 | $1.45 Billion | +7.89% |
| 2021-12-31 | $1.34 Billion | +13.00% |
| 2020-12-31 | $1.19 Billion | +4.84% |
| 2019-12-31 | $1.13 Billion | +16.39% |
| 2018-12-31 | $973.67 Million | +13.57% |
| 2017-12-31 | $857.34 Million | +4.95% |
| 2016-12-31 | $816.91 Million | +6.16% |
| 2015-12-31 | $769.50 Million | -90.36% |
| 2014-12-31 | $7.98 Billion | +5.74% |
| 2013-12-31 | $7.55 Billion | +11.18% |
| 2012-12-31 | $6.79 Billion | +7.91% |
| 2011-12-31 | $6.29 Billion | -0.65% |
| 2010-12-31 | $6.33 Billion | -45.03% |
| 2009-12-31 | $11.52 Billion | +1355.09% |
| 2008-12-31 | $791.88 Million | -24.68% |
| 2007-12-31 | $1.05 Billion | -9.52% |
| 2006-12-31 | $1.16 Billion | -9.13% |
| 2005-12-31 | $1.28 Billion | +0.93% |
| 2004-12-31 | $1.27 Billion | +8.82% |
| 2003-12-31 | $1.16 Billion | +17.91% |
| 2002-12-31 | $987.37 Million | +8.02% |
| 2001-12-31 | $914.06 Million | +17.34% |
| 2000-12-31 | $779.01 Million | +11.52% |
| 1999-12-31 | $698.53 Million | +6.61% |
| 1998-12-31 | $655.22 Million | +21.48% |
| 1997-12-31 | $539.38 Million | +23.78% |
| 1996-12-31 | $435.76 Million | +23.07% |
| 1995-12-31 | $354.06 Million | +35.71% |
| 1994-12-31 | $260.90 Million | +24.12% |
| 1993-12-31 | $210.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Erie Indemnity Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1674.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.46 Billion | 151.65% |
| Common Stock | $2.17 Million | 0.10% |
| Other Comprehensive Income | $-27.10 Million | -1.19% |
| Total Equity | $2.28 Billion | 100.00% |
Erie Indemnity Company Competitors by Market Cap
The table below lists competitors of Erie Indemnity Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boston Properties Inc
NYSE:BXP
|
$10.43 Billion |
|
Akzo Nobel NV
AS:AKZA
|
$10.43 Billion |
|
Impala Platinum Holdings Ltd
JSE:IMP
|
$10.44 Billion |
|
Bangkok Bank PCL
BK:BBL
|
$10.44 Billion |
|
China Shipbuilding Industry Group Power Co Ltd
SHG:600482
|
$10.42 Billion |
|
BAWAG Group AG
VI:BG
|
$10.42 Billion |
|
Bluescope Steel Ltd
AU:BSL
|
$10.42 Billion |
|
Sime Darby Plantation Bhd
KLSE:5285
|
$10.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Erie Indemnity Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,987,258,000 to 2,283,374,000, a change of 296,116,000 (14.9%).
- Net income of 559,335,000 contributed positively to equity growth.
- Dividend payments of 254,275,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,490,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $559.34 Million | +24.5% |
| Dividends Paid | $254.28 Million | -11.14% |
| Other Comprehensive Income | $-2.49 Million | -0.11% |
| Other Changes | $-6.45 Million | -0.28% |
| Total Change | $- | 14.90% |
Book Value vs Market Value Analysis
This analysis compares Erie Indemnity Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 243.14x to 5.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.93 | $225.64 | x |
| 1994-12-31 | $3.48 | $225.64 | x |
| 1995-12-31 | $4.77 | $225.64 | x |
| 1996-12-31 | $5.84 | $225.64 | x |
| 1997-12-31 | $7.23 | $225.64 | x |
| 1998-12-31 | $8.79 | $225.64 | x |
| 1999-12-31 | $9.48 | $225.64 | x |
| 2000-12-31 | $10.83 | $225.64 | x |
| 2001-12-31 | $12.13 | $225.64 | x |
| 2002-12-31 | $13.87 | $225.64 | x |
| 2003-12-31 | $16.38 | $225.64 | x |
| 2004-12-31 | $16.37 | $225.64 | x |
| 2005-12-31 | $18.45 | $225.64 | x |
| 2006-12-31 | $17.80 | $225.64 | x |
| 2007-12-31 | $15.40 | $225.64 | x |
| 2008-12-31 | $12.36 | $225.64 | x |
| 2009-12-31 | $14.19 | $225.64 | x |
| 2010-12-31 | $14.48 | $225.64 | x |
| 2011-12-31 | $12.77 | $225.64 | x |
| 2012-12-31 | $10.76 | $225.64 | x |
| 2013-12-31 | $12.45 | $225.64 | x |
| 2014-12-31 | $11.97 | $225.64 | x |
| 2015-12-31 | $13.13 | $225.64 | x |
| 2016-12-31 | $13.96 | $225.64 | x |
| 2017-12-31 | $14.67 | $225.64 | x |
| 2018-12-31 | $18.48 | $225.64 | x |
| 2019-12-31 | $19.40 | $225.64 | x |
| 2020-12-31 | $22.55 | $225.64 | x |
| 2021-12-31 | $29.07 | $225.64 | x |
| 2022-12-31 | $31.36 | $225.64 | x |
| 2023-12-31 | $31.56 | $225.64 | x |
| 2024-12-31 | $37.72 | $225.64 | x |
| 2025-12-31 | $43.34 | $225.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Erie Indemnity Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.75%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.47x
- Recent ROE (24.50%) is above the historical average (21.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 28.73% | 13.03% | 0.57x | 3.89x | $39.38 Million |
| 1994 | 27.49% | 14.72% | 0.56x | 3.33x | $45.64 Million |
| 1995 | 26.42% | 17.84% | 0.51x | 2.89x | $58.14 Million |
| 1996 | 24.13% | 18.03% | 0.51x | 2.64x | $61.56 Million |
| 1997 | 21.98% | 19.06% | 0.48x | 2.40x | $64.64 Million |
| 1998 | 20.54% | 20.33% | 0.46x | 2.22x | $69.03 Million |
| 1999 | 20.51% | 20.32% | 0.46x | 2.18x | $73.35 Million |
| 2000 | 19.56% | 19.96% | 0.45x | 2.16x | $74.49 Million |
| 2001 | 14.13% | 15.56% | 0.40x | 2.29x | $35.74 Million |
| 2002 | 17.43% | 17.84% | 0.41x | 2.39x | $73.39 Million |
| 2003 | 17.16% | 17.87% | 0.41x | 2.37x | $83.31 Million |
| 2004 | 17.87% | 18.83% | 0.40x | 2.35x | $99.72 Million |
| 2005 | 18.07% | 19.22% | 0.39x | 2.43x | $103.24 Million |
| 2006 | 17.56% | 17.13% | 0.39x | 2.62x | $87.84 Million |
| 2007 | 20.26% | 18.05% | 0.40x | 2.77x | $107.82 Million |
| 2008 | 8.71% | 2.55% | 1.04x | 3.30x | $-10.19 Million |
| 2009 | 11.97% | 2.34% | 0.35x | 14.73x | $17.80 Million |
| 2010 | 17.76% | 3.40% | 0.33x | 15.73x | $70.80 Million |
| 2011 | 21.64% | 3.61% | 0.33x | 18.37x | $90.90 Million |
| 2012 | 24.92% | 2.97% | 0.35x | 24.05x | $95.80 Million |
| 2013 | 22.15% | 2.59% | 0.38x | 22.72x | $89.21 Million |
| 2014 | 23.90% | 2.79% | 0.34x | 25.26x | $97.70 Million |
| 2015 | 22.70% | 11.48% | 1.08x | 1.83x | $97.73 Million |
| 2016 | 25.75% | 13.01% | 1.04x | 1.90x | $128.68 Million |
| 2017 | 22.98% | 11.47% | 1.03x | 1.94x | $111.26 Million |
| 2018 | 29.60% | 11.97% | 1.35x | 1.83x | $190.86 Million |
| 2019 | 27.96% | 12.59% | 1.25x | 1.78x | $203.50 Million |
| 2020 | 24.69% | 11.42% | 1.21x | 1.78x | $174.50 Million |
| 2021 | 22.19% | 11.03% | 1.20x | 1.67x | $163.61 Million |
| 2022 | 20.61% | 10.51% | 1.27x | 1.55x | $153.73 Million |
| 2023 | 26.83% | 13.65% | 1.32x | 1.49x | $279.78 Million |
| 2024 | 30.21% | 15.82% | 1.31x | 1.45x | $401.59 Million |
| 2025 | 24.50% | 13.75% | 1.21x | 1.47x | $331.00 Million |
Industry Comparison
This section compares Erie Indemnity Company's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $1,417,279,814
- Average return on equity (ROE) among peers: 15.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Erie Indemnity Company (ERIE) | $2.35 Billion | 28.73% | 0.43x | $10.42 Billion |
| Fanhua Inc. (AIFU) | $2.19 Billion | 13.76% | 0.16x | $185.32 Million |
| Arthur J Gallagher & Co (AJG) | $1.66 Billion | 11.76% | 2.23x | $51.10 Billion |
| Aon PLC (AON) | $9.55 Billion | 38.70% | 4.32x | $66.19 Billion |
| Accelerant Holdings (ARX) | $350.00 Million | -26.20% | 5.28x | $1.51 Billion |
| Brown & Brown Inc (BRO) | $4.30 Million | 67.44% | 9.44x | $20.04 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $-96.25 Million | 0.00% | 0.00x | $1.82 Billion |
| Crawford & Company (CRD-A) | $172.59 Million | 4.44% | 1.97x | $324.46 Million |
| Crawford & Company (CRD-B) | $67.60 Million | 19.82% | 0.92x | $195.15 Million |
| CorVel Corp (CRVL) | $110.38 Million | 24.05% | 0.56x | $2.92 Billion |
| eHealth Inc (EHTH) | $170.87 Million | 4.14% | 0.15x | $53.32 Million |
About Erie Indemnity Company
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation and sales and advertising support services; underwriting services that include underwriting and policy processing; and other services consist of customer services and … Read more