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Erie Indemnity Company (ERIE) investor relations material
Erie Indemnity Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary31 Oct, 2025
Executive summary
AM Best downgraded the financial strength rating from A+ (Superior) to A (Excellent), citing profitability challenges from underwriting losses due to severe weather and increased claim severity in auto and homeowners, but with a stable outlook and expectations for improved profitability.
Net income for Q3 2025 was $182.9 million ($3.50/share), up 14.4% year-over-year; year-to-date net income was $496.0 million ($9.48/share), up 10.6%, driven by higher management fee revenue and investment income.
Operating income for Q3 2025 was $208.9 million, up 16% year-over-year; year-to-date operating income was $559.5 million, up 9.9%.
Severe weather events in 2023–2025 nearly doubled historical levels, with a $370 million hailstorm in 2025 marking the largest weather event in company history.
An information security incident in June 2025 caused temporary business disruption, but no sensitive data was breached and full operations resumed by July 7, 2025.
Financial highlights
Direct written premiums grew 7.6% in the quarter and 10.1% year-to-date; average premium per policy rose 10.7%.
Q3 2025 operating revenue was $1.07 billion, up from $999.9 million in Q3 2024; nine-month revenue reached $3.12 billion, up from $2.87 billion.
Management fee revenue increased 7.3% to $825 million for the quarter and 9.5% to $2.4 billion year-to-date.
Investment income for Q3 2025 was $21.6 million, up from $19.5 million; year-to-date investment income was $60.7 million, up from $48.5 million.
Diluted EPS for Q3 2025 was $3.50, up from $3.06; nine-month diluted EPS was $9.48, up from $8.57.
Outlook and guidance
Enhanced auto product, Erie Secure Auto, is expected to improve competitiveness and growth, with rollout expanding to more states through mid-next year.
Management expects continued growth in management fee revenue, supported by premium growth at the Exchange and ongoing profitability initiatives.
Continued focus on underwriting discipline, pricing actions, and technology modernization to drive long-term profitability.
Forward-looking statements highlight risks from economic conditions, competition, regulatory changes, and catastrophic events.
Impact of incentive comp on Q3 non-comm costs?
What drove investment income growth despite lower gains?
Key risks from Erie Insurance Exchange dependence?
What specific actions address A.M. Best concerns?
Impact of measured rate approach on profitability?
ErieSecure Auto's expected impact on market share?
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Next Erie Indemnity Company earnings date
Q4 202527 Feb, 2026
Next Erie Indemnity Company earnings date
Q4 202527 Feb, 2026
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Frequently asked questions
Erie Indemnity Company provides management services to the Erie Insurance Exchange, a reciprocal insurance exchange. The company handles administrative and operational functions including underwriting, claims processing, sales support, and customer service. It primarily serves policyholders and agents in the property and casualty insurance market across multiple U.S. states. The company is headquartered in Erie, Pennsylvania, and its shares are listed on the NASDAQ.
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