Watch on earnings:Exchange direct written premium growth rate (quarterly and full-year)Policy-in-force count and retention ratesManagement fee margin and operating expense ratioExchange combined ratio and statutory surplus levelsGeographic expansion progress and new state penetration
Key metrics:Erie Insurance Exchange quarterly direct written premium growth rate · Personal auto rate change approvals in Pennsylvania, Ohio, and Illinois · Policy-in-force count trends and retention rates by line of business · Exchange combined ratio and catastrophe loss ratio
⚠ Dependence on Erie Insurance Exchange financial health - if Exchange surplus deteriorates from catastrophe losses, growth constraints would directly reduce ERIE's management fee revenue
Metric
Dec 21
Dec 22
Dec 23
Dec 24
Dec 25
Cash & Equivalents
184
142↓22.7%
144↑1.4%
275↑90.8%
346↑25.8%
Total Current Assets
764
779↑2.0%
930↑19.4%
1,145↑23.1%
1,199↑4.7%
Total Assets
2,242
2,239↓0.1%
2,472↑10.4%
2,889↑16.9%
3,355↑16.2%
Total Current Liabilities
631
708↑12.3%
709↑0.1%
803↑13.2%
946↑17.8%
Total Liabilities
900
791↓12.1%
809↑2.3%
901↑11.4%
1,072↑18.9%
Total Equity
1,342
1,448↑7.9%
1,663↑14.8%
1,987↑19.5%
2,283↑14.9%
Total Debt
94
122↑30.5%
0
8
0
Net Debt
-90
-20↑78.2%
-144↓635.2%
-267↓85.6%
-346↓29.4%
Cash Flow Statement
Metric
Dec 21
Dec 22
Dec 23
Dec 24
Dec 25
Operating Cash Flow
403
366↓9.1%
381↑4.1%
611↑60.3%
687↑12.3%
Capital Expenditure
-149
-67↑54.8%
-93↓37.9%
-125↓34.8%
-116↑7.3%
Free Cash Flow
254
299↑17.7%
289↓3.5%
486↑68.6%
571↑17.4%
Stock-Based Comp
0
0
0
0
-95
Net Change in Cash
22
-42↓285.3%
2↑104.7%
154↑7754.6%
47↓69.2%
Values in millions except EPS · Ratios shown as percentages · Click any metric to drill down