from our modest roots starting in 1925 as a pennsylvania auto insurer, we've grown to become a multi-line insurance company, offering auto, home, business and life insurance through our network of independent insurance agents. today, our geographic presence extends to 12 states and the district of columbia; from new york to north carolina and from wisconsin to tennessee. at erie, we adhere to disciplined underwriting, fair pricing and a prudent investment philosophy. these factors have contributed to our ability to earn consistently superior ratings in the insurance industry. the combination of a quality agency force, a commitment to customer service and the financial stability provided by erie insurance group assures our customers that we’ll be there when they need us most. according to a.m. best company, erie insurance group is the 15th largest homeowners insurer and 12th largest automobile insurer in the united states based on direct premiums written and the 20th largest propert
Company profile
Ticker
ERIE
Exchange
Website
CEO
Timothy NeCastro
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
250466020
ERIE stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEF 14C
Information statement
22 Mar 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
Erie Indemnity Reports Full Year and Fourth Quarter 2023 Results
26 Feb 24
8-K
Erie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Regular Dividends
6 Dec 23
10-Q
2023 Q3
Quarterly report
26 Oct 23
8-K
Erie Indemnity Reports Third Quarter 2023 Results
26 Oct 23
10-Q
2023 Q2
Quarterly report
27 Jul 23
8-K
Erie Indemnity Reports Second Quarter 2023 Results
27 Jul 23
8-K/A
Submission of Matters to a Vote of Security Holders
27 Jul 23
Transcripts
ERIE
Earnings call transcript
2023 Q4
27 Feb 24
ERIE
Earnings call transcript
2023 Q3
27 Oct 23
ERIE
Earnings call transcript
2023 Q2
28 Jul 23
ERIE
Earnings call transcript
2023 Q2
28 Jul 23
ERIE
Earnings call transcript
2023 Q1
28 Apr 23
ERIE
Earnings call transcript
2022 Q4
2 Mar 23
ERIE
Earnings call transcript
2022 Q3
28 Oct 22
ERIE
Earnings call transcript
2022 Q2
30 Jul 22
ERIE
Earnings call transcript
2022 Q1
29 Apr 22
ERIE
Earnings call transcript
2021 Q4
25 Feb 22
Latest ownership filings
4
Jorie L Novacek
19 Mar 24
4
Brian W. Bolash
19 Mar 24
4
J RALPH BORNEMAN JR
1 Mar 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
PNC FINANCIAL SERVICES GROUP, INC.
9 Feb 24
4
Douglas Edward Smith
1 Feb 24
4
Julie Marie Pelkowski
1 Feb 24
4
Lorianne Feltz
1 Feb 24
4
Louis F Colaizzo
1 Feb 24
4
Thomas W Palmer
1 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 102.87 mm | 102.87 mm | 102.87 mm | 102.87 mm | 102.87 mm | 102.87 mm |
Cash burn (monthly) | 13.37 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 80.08 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 22.79 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1.7 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
36.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 297 |
Opened positions | 71 |
Closed positions | 47 |
Increased positions | 78 |
Reduced positions | 108 |
13F shares | Current |
---|---|
Total value | 4.96 tn |
Total shares | 16.83 mm |
Total puts | 83.70 k |
Total calls | 68.20 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
PNC PNC Financial Services | 4.91 mm | $1.44 tn |
BLK Blackrock | 2.51 mm | $736.64 bn |
Vanguard | 2.46 mm | $722.74 bn |
BEN Franklin Resources | 809.82 k | $237.92 bn |
STT State Street | 697.69 k | $204.97 bn |
Geode Capital Management | 394.70 k | $116.17 bn |
Ubs Global Asset Management Americas | 312.10 k | $91.69 bn |
BK Bank Of New York Mellon | 245.70 k | $72.19 bn |
First Trust Advisors | 239.56 k | $70.38 bn |
Dimensional Fund Advisors | 229.63 k | $67.47 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Jorie L Novacek | Incentive Compensation Deferral Plan Share Credits Class A Common Stock | Other | Acquire J | No | No | 416.79 | 192.05 | 80.04 k | 443.644 |
15 Mar 24 | Bolash Brian W. | Incentive Compensation Deferral Plan Share Credits Class A Common Stock | Other | Acquire J | No | No | 416.79 | 205.529 | 85.66 k | 2,544.011 |
29 Feb 24 | Borneman J Ralph JR | Class A Common Stock | Sell | Dispose S | Yes | No | 407.3766 | 10,000 | 4.07 mm | 10,000 |
31 Jan 24 | Borneman J Ralph JR | Directors' Deferred Compensation Share Credits Class A Common Stock | Other | Acquire J | No | No | 345.83 | 74.49 | 25.76 k | 19,315.823 |
31 Jan 24 | Vorsheck Elizabeth A | Directors' Deferred Compensation Share Credits Class A Common Stock | Grant | Acquire A | No | No | 0 | 74.49 | 0.00 | 13,562.535 |
News
Insurance Stocks Moving In Wednesday's Intraday Session
28 Feb 24
Insurance Stocks Moving In Tuesday's Intraday Session
27 Feb 24
Earnings Scheduled For February 26, 2024
26 Feb 24
Earnings Preview For Erie Indemnity
23 Feb 24
Deadly Floods In California Put 38 Million Under Emergency Alert While State Faces Massive Insurance Crisis
6 Feb 24