Erie Indemnity Company (ERIE) Earnings
Erie Indemnity Company is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $3.35. ERIE has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise -5.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $3.06 | $2.88 | -5.9% | $1.0B | -7.0% |
| Oct 30, 2025 | $3.37 | $3.50 | +3.9% | $1.3B | +33.7% |
| Aug 7, 2025 | $3.48 | $3.34 | -4.0% | $1.1B | -2.6% |
| Apr 24, 2025 | $3.10 | $2.65 | -14.5% | $989M | +0.3% |
| Feb 27, 2025 | $2.76 | $2.91 | +5.4% | $339M | -63.4% |
| Oct 31, 2024 | $3.02 | $3.06 | +1.3% | $1000M | +1.5% |
| Jul 25, 2024 | $2.58 | $3.13 | +21.3% | $988M | +5.8% |
| Apr 25, 2024 | $2.29 | $2.38 | +3.9% | $881M | +5.4% |
| Oct 26, 2023 | $2.06 | $2.51 | +21.8% | $859M | +11.2% |
| Jul 27, 2023 | $1.91 | $2.25 | +17.8% | $851M | +1.4% |
| Apr 27, 2023 | $1.48 | $1.65 | +11.5% | $748M | +6.1% |
| Mar 1, 2023 | $1.31 | $1.25 | -4.6% | $701M | +3.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Board changes: Tom Hagen stepped down as chairman, Jonathan Herthagen was elected chairman, William Edwards joined the board, and George Lucor passed away. - Personal line: Continued rollout of Erie Secure Auto, expanded to Virginia and West Virginia, expect to introduce in four additional states this quarter. - Commercial lines: Business Auto 2.0 expanded to new states, remaining state New York to complete rollout. - Online quote platform: Launched in Ohio in February, to be introduced in Maryland, Pennsylvania, Virginia, and West Virginia next month. - Technology modernization: More than half of systems migrated to contemporary platforms. - AI application: Scaled deployment of secure tools like ChatGPT Enterprise, embedding AI in real workflows with governance.
Guidance
- Continue rollout of Erie Secure Auto, expect to introduce in four additional states this quarter with continued expansion throughout the year. - Complete rollout of Business Auto 2.0 in New York. - Introduce new online quote platform in Maryland, Pennsylvania, Virginia, and West Virginia next month. - Continue with technology modernization and embedding AI into real workflows with strong governance.
Segment performance
For the Erie Insurance Exchange, direct written premium grew 3.6% in the first quarter of 2026 compared to 13.9% in the first quarter of 2025. Average premium per policy grew 8.1% in the first quarter, while policies in force were down 1.7% from the same time last year and retention declined to 88%. The exchange's combined ratio was 99.4% in the first quarter of 2026 compared to 108.1% in the first quarter of 2025. For indemnity, net income was nearly $151 million, or $2.88 per diluted share, in the first quarter of 2026 compared to $138 million, or $2.65 per diluted share, in the first quarter of 2025. Operating income increased approximately 10% to almost $167 million from $151 million in the first quarter of 2025. Management fee revenue for policy issuance and renewal services grew approximately $31 million, or 4.2%. Commission expense increased 6.4% to $465 million. Non-commission expenses decreased approximately 5.6% to $180 million. Investment income in the first quarter was $22 million compared to $20 million in the same period of 2025.