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Erie Indemnity (ERIE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Erie Indemnity (ERIE) Q3 2026 earnings results →
Q3 2026 Revenue up 0% year over year to $1.1B · 17¢ of every $1 of revenue kept as net profit · operating margin 19.4%
Erie Indemnity made $1.1B in Q3 2026 (+0.3% Y/Y): Management fee revenue - policy issuance and renewal services $847M, Administrative services reimbursement revenue $198M, Management fee revenue - administrative services $19.7M. Operating margin 19.4%, net earnings $182M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.1B in Q3 2026, roughly flat year over year and down 2% from the previous quarter. Management fee revenue - policy issuance and renewal services was the largest line at 79% of revenue. Management fee revenue - policy issuance and renewal services added $0.02B year over year (up 3%), 683% of the total change. Service agreement revenue declined 19%.
Operating profit was $0.21B, a 19.4% margin (down 0.2 points year over year). Operating profit fell $1.5M even though revenue rose $3.2M versus Q3 2025, so costs grew faster than sales. Total costs grew 1% against flat revenue. Net earnings were $0.18B, roughly flat year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.21B (down 3% year over year), 117% of net earnings. Working capital and other items added $0.03B. Capital expenditures of $0.03B left free cash flow of $0.19B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $1.1B | +0.3% | 19.4% | $182M | $213M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $1.1B | +3% | 18.7% | $180M | $215M |
| Q1 2026 | 10-Q | Apr 23, 2026 | $1.0B | +2% | 16.5% | $150M | $91.9M |
| Q4 2025 | 10-K | Feb 23, 2026 | $951M | +3% | 16.6% | $63.4M | $172M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $1.1B | +7% | 19.6% | $183M | $219M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $1.1B | +7% | 18.8% | $175M | $178M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $989M | +12% | 15.3% | $138M | $118M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Erie Indemnity
Erie Indemnity Company ("Indemnity", "we", "us", "our") is a publicly held Pennsylvania business corporation that has since its incorporation in 1925 served as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange ("Exchange"). The Exchange, which also commenced business in 1925, is a Pennsylvania-domiciled reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty insurance subsidiaries including: Erie Insurance Company, Erie Insurance Company of New York, Erie Insurance Property & Casualty Company and Flagship City Insurance Company, and a wholly owned life insurance company, Erie Family Life Insurance Company ("EFL").
In its own words, from its 10-K, filed Feb 23, 2026.
Erie Indemnity against its Insurance Agents, Brokers & Service peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.3% against the peers' median +8%. Operating margin: 19.4% against the peers' median 17.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| ERIE Erie Indemnity | Q3 2026 | $1.1B | +0.3% | 19.4% |
| MRSH Marsh & McLennan Companies | Q3 2026 | $6.9B | +8% | 17.7% |
| AON Aon | Q3 2026 | $4.1B | +3% | 19.7% |
| AJG Arthur J. Gallagher | Q3 2026 | $4.0B | +18% | 13.0% |
| EQH Equitable Holdings | Q3 2026 | $3.9B | +168% | 35.8% |
| WTW Willis Towers Watson | Q3 2026 | $2.5B | +8% | 17.4% |
| BRO Brown & Brown | Q3 FY27 | $1.7B | +7% | 18.6% |
| RYAN Ryan Specialty Holdings | Q3 2026 | $790M | +5% | 17.8% |
| BWIN Baldwin Insurance Group | Q2 2026 | $493M | +30% | -1.7% |
Source: Erie Indemnity 10-Q on SEC EDGAR · CIK 922621 · Insurance Agents, Brokers & Service
13F: who owns ERIE and who is buying
More on ERIE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Erie Indemnity operating margin by quarter
- Erie Indemnity net income by quarter
- Erie Indemnity free cash flow by quarter
- Erie Indemnity capital expenditures by quarter
- Erie Indemnity Management fee revenue - policy issuance and renewal services revenue by quarter
- Erie Indemnity Administrative services reimbursement revenue revenue by quarter