Filing Flows › Erie Indemnity (ERIE) › Q1 2025
Erie Indemnity (ERIE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Erie Indemnity (ERIE) reported revenue of $989M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +7% from the quarter before. Operating margin was 15.3%, net earnings $138M (14.0% of revenue).
Erie Indemnity, Q1 2025: revenue $989M (+12% year over year), operating margin 15.3%, net earnings $138M, operating cash flow $118M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $989M | +7% | +12% |
| Operating profit | $151M | -10% | +9% |
| Net earnings | $138M | -9% | +11% |
| Operating cash flow | $118M | -39% | +35% |
| Free cash flow | $88.4M | -40% | +37% |
What changed
Revenue was $989.4M in Q1 2025, up 12% year over year and up 7% from the previous quarter. Management fee revenue - policy issuance and renewal services was the largest line at 76% of revenue. Management fee revenue - policy issuance and renewal services added $89.4M year over year (up 13%), 82% of the total change. Service agreement revenue declined 1%.
Operating profit was $151.4M, a 15.3% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 16% margin then. Total costs grew 13% against revenue growth of 12%. Net earnings were $138.4M, up 11% year over year. The effective tax rate was 20.8%.
Operating cash flow was $118.1M (up 35% year over year), 85% of net earnings. Working capital and other items used $20.3M. Capital expenditures of $29.7M left free cash flow of $88.4M.
Questions
What was Erie Indemnity's revenue in the first quarter 2025?
Erie Indemnity (ERIE) reported revenue of $989M for the first quarter 2025 (Q1 2025), +12% from a year earlier and +7% from the quarter before.
Was Erie Indemnity profitable in the first quarter 2025?
Operating profit was $151M (15.3% of revenue) and net earnings $138M.
Source: Erie Indemnity 10-Q on SEC EDGAR.