Filing Flows › Erie Indemnity (ERIE) › Q4 2025
Erie Indemnity (ERIE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 23, 2026
Erie Indemnity (ERIE) reported revenue of $951M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -11% from the quarter before. Operating margin was 16.6%, net earnings $63.4M (6.7% of revenue).
Erie Indemnity, Q4 2025: revenue $951M (+3% year over year), operating margin 16.6%, net earnings $63.4M, operating cash flow $172M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $951M | -11% | +3% |
| Operating profit | $158M | -25% | -6% |
| Net earnings | $63.4M | -65% | -58% |
| Operating cash flow | $172M | -22% | -11% |
| Free cash flow | $141M | -24% | -4% |
What changed
Revenue was $951.0M in Q4 2025, up 3% year over year and down 11% from the previous quarter. Management fee revenue - policy issuance and renewal services was the largest line at 77% of revenue.
Operating profit was $157.7M, a 16.6% margin (down 1.5 points year over year). Operating profit fell $9.6M even though revenue rose $26.9M versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. Net earnings were $63.4M, down 58% year over year. The effective tax rate was 23.0%.
Operating cash flow was $171.6M (down 11% year over year), 271% of net earnings. Working capital and other items added $108.2M. Capital expenditures of $30.8M left free cash flow of $140.8M.
Questions
What was Erie Indemnity's revenue in the fourth quarter 2025?
Erie Indemnity (ERIE) reported revenue of $951M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and -11% from the quarter before.
Was Erie Indemnity profitable in the fourth quarter 2025?
Operating profit was $158M (16.6% of revenue) and net earnings $63.4M.
Source: Erie Indemnity 10-K on SEC EDGAR.