What is the 13F Pro Quality Score for ERIE?

13F Pro ranks ERIE INDEMNITY CO (ERIE) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View ERIE's current score at https://13fpro.ai/company/ERIE (free sign-up required for the full ranking).

Where does 13F Pro source ERIE data?

All ERIE INDEMNITY CO fundamentals and ownership data come directly from SEC EDGAR. ERIE INDEMNITY CO files with the SEC under CIK 922621. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is ERIE in?

ERIE INDEMNITY CO (ERIE) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives ERIE's revenue?

Per ERIE INDEMNITY CO's latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Management fee revenue - policy issuance and renewal services ($862.9M, +4.7% YoY); Administrative services reimbursement revenue ($201.6M, -5.2% YoY); Management fee revenue - administrative services ($19.6M, +7.2% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/ERIE.

What are ERIE's largest expenses?

ERIE INDEMNITY CO's latest 10-Q reports these as the largest expense items: Cost of operations - policy issuance and renewal services ($684.1M, +5.5% YoY); Cost of operations - administrative services ($201.6M, -5.2% YoY); Income tax expense ($47.8M, +3.7% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is ERIE research updated on 13F Pro?

ERIE's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

ERIE INDEMNITY CO(ERIE)Stock Analysis

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13F Pro Quality Score

69.4/100

Rank #269 of 2,961 stocksTOP 10%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

51.6/100

Profitability

68.5/100

Balance Sheet

94.6/100

Earnings Quality

50.1/100

Free Cash Flow

62.5/100

Institutional Flow

71.4/100

Revenue Scale

75.2/100

Dilution Risk

94.7/100

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Why ERIE Scores 69/100

exact factor attribution · 2026-09-11

ERIE's composite is driven by capital efficiency and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Capital efficiency

+6.0 pts

95th pct

Scale

+5.0 pts

75th pct

Profitability

+3.7 pts

69th pct

Shareholder dilution

+3.0 pts

95th pct

Free cash flow

+1.9 pts

63th pct

Institutional flow

+1.4 pts

71th pct

Revenue growth

+0.4 pts

52th pct

Earnings quality

+0.0 pts

50th pct

Earnings growth

-0.1 pts

48th pct

Latest change (2026-08-02): 75 → 69 · ↓ Revenue growth 68→47; ↓ Earnings growth 67→44

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

ERIE Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for ERIE INDEMNITY CO (ERIE), a Financials sector company. 13F Pro's AI-powered ranking engine scores ERIE at 69.4/100 on a 32-signal composite quality model, placing it at rank #269 of 2,961 stocks — the top 10% of the AI-ranked universe. ERIE scores in the top quartile across balance sheet strength (94.6), revenue scale (75.2). Based on the latest XBRL financial filings (Q2 2026), ERIE INDEMNITY CO reports quarterly revenue of $1.1B, net income of $180.3M, an operating margin of 18.7%. Top institutional holders of ERIE by reported 13-F value include PNC FINANCIAL SERVICES GROUP, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. ERIE trades on the Nasdaq exchange and files with the SEC under CIK 922621. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ERIE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ERIE INDEMNITY CO directly from SEC EDGAR. ERIE INDEMNITY CO's 13F Pro composite quality score has ranged between 58 and 81 since 2021, currently 69.4 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about ERIE INDEMNITY CO

Quirks, history, and lore behind ERIE — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · mid-cap · listed on Nasdaq · headquartered in Pennsylvania.
2
The Numbers
Generates roughly $10 billion in annual premiums and has operated with a combined ratio that consistently makes rivals jealous — meaning it actually makes money underwriting, not just investing.
3
The History
Founded in 1925, it was built on a simple idea: let policyholders share in the profits through a subscriber model that still defines the company today.
4
The Secret
It doesn't actually underwrite the insurance itself — it acts as attorney-in-fact for a massive reciprocal insurance exchange, collecting management fees on the premiums. The structure is delightfully unusual.
5
The Lore
It sells almost exclusively through a network of independent agents and has stayed fiercely focused on personal and commercial lines in the eastern U.S., resisting the urge to go national and flashy.
6
The Giveaway
It shares its name with a Great Lake and a Pennsylvania city — and for nearly a century it has been that city's most famous corporate resident, quietly insuring your car and your neighbor's barn.

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What's Driving ERIE's Business? Latest 10-Q Breakdown

✓ 11/11 datapoints verified

AI-extracted from ERIE INDEMNITY CO's 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Erie Indemnity's Q2 2026 total revenue rose 2.8% YoY to $1.09B as policy issuance management fee revenue grew 4.7% on higher premiums written by the Exchange, even as policies in force fell 2.0% YoY.

Biggest Revenue Drivers

Management fee revenue - policy issuance and renewal services$862.9M+4.7% YoY

Driven by a 3.3% increase in direct and affiliated assumed premiums written by the Exchange

Administrative services reimbursement revenue$201.6M-5.2% YoY

Reimbursements settled at cost; tracks the decline in claims handling services expenses

Biggest Revenue Drivers

Total revenue: $1.09B+2.8% YoY

Management fee revenue - policy issuance and renewal services$862.9M+4.7% YoY

Driven by a 3.3% increase in direct and affiliated assumed premiums written by the Exchange

Administrative services reimbursement revenue$201.6M-5.2% YoY

Reimbursements settled at cost; tracks the decline in claims handling services expenses

Management fee revenue - administrative services$19.6M+7.2% YoY

Recognized over a four-year period as services are provided; tied to premium growth at the Exchange

Service agreement revenue$5.7M+8.3% YoY

Service charges for payment plans, late payment/reinstatement fees, and shared office space fees

Largest Expense Items

Cost of operations - policy issuance and renewal services$684.1M+5.5% YoY

Increased agent incentive compensation from improved profitability and higher scheduled commissions from premium growth, partly offset by lower professional fees

Cost of operations - administrative services$201.6M-5.2% YoY

Settled at cost with the Exchange; decrease driven by lower claims handling services costs

Income tax expense$47.8M+3.7% YoY

Effective tax rate of 21.0% versus 20.9% in the prior-year quarter

Margins: Operating income rose 2.5% YoY to $204.1M as commission expense grew 9.6% on higher agent incentive compensation tied to improved loss ratios and premium growth, while non-commission expense fell 4.8% on lower professional fees and underwriting support costs.

Watch Items from the Filing

Erie Indemnity's revenue is entirely dependent on management fees from Erie Insurance Exchange, its sole customer, whose premium growth and financial condition drive results.
An amended complaint filed June 11, 2026 in the Stephenson litigation now challenges the management fee for calendar years 2020 to present, with damages undetermined.
Year-over-year policies in force declined 2.0% in Q2 2026 even as average premium per policy rose 6.8%, indicating growth is being driven by rate rather than unit volume.
Company made a $47 million pension contribution in January 2026 and plans an additional discretionary $30 million contribution in Q3 2026 to improve funded status.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.1B

Net Income

Q2 2026

$180.3M

Free Cash Flow

Q2 2026

$173.4M

Operating Margin

Q2 2026

18.7%

ROIC

Q2 2026

33.1%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+7.2% YoY

$4.07BFY 2025

FY22 $2.84BFY23 $3.27BFY24 $3.80BFY25 $4.07B

Net Income

-6.8% YoY

$559.3MFY 2025

FY22 $298.6MFY23 $446.1MFY24 $600.3MFY25 $559.3M

Operating Income

+6.0% YoY

$717.2MFY 2025

FY22 $376.2MFY23 $520.3MFY24 $676.5MFY25 $717.2M

Total Assets

+16.2% YoY

$3.36BFY 2025

FY22 $2.24BFY23 $2.47BFY24 $2.89BFY25 $3.36B

Total Debt

—FY 2025

FY22 $0.00FY23 —FY24 —FY25 —

Op. Cash Flow

+12.3% YoY

$686.7MFY 2025

FY22 $366.2MFY23 $381.2MFY24 $611.2MFY25 $686.7M

Free Cash Flow

+17.4% YoY

$571.0MFY 2025

FY22 $298.9MFY23 $288.6MFY24 $486.4MFY25 $571.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$4.07B +7.2%	$3.80B +16.1%	$3.27B +15.1%	$2.84B +7.8%	$2.63B +3.8%	$2.54B
Net Income	$559.3M -6.8%	$600.3M +34.6%	$446.1M +49.4%	$298.6M +0.2%	$297.9M +1.6%	$293.3M
Operating Income	$717.2M +6.0%	$676.5M +30.0%	$520.3M +38.3%	$376.2M +18.3%	$318.1M -5.9%	$338.2M
Total Assets	$3.36B +16.2%	$2.89B +16.9%	$2.47B +10.4%	$2.24B -0.1%	$2.24B +5.9%	$2.12B
Total Debt	—	—	—	$0.00 -100.0%	$93.8M -2.1%	$95.9M
Operating Cash Flow	$686.7M +12.3%	$611.2M +60.3%	$381.2M +4.1%	$366.2M -9.1%	$402.8M +17.6%	$342.6M
Free Cash Flow	$571.0M +17.4%	$486.4M +68.6%	$288.6M -3.5%	$298.9M +17.7%	$254.0M -11.5%	$287.1M

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Available Research

13F Pro tracks comprehensive data for ERIE INDEMNITY CO including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of ERIE

PNC FINANCIAL SERVICES GROUP, INC.
$1.2B4,826,778 sh
BlackRock, Inc.
$401.5M1,674,602 sh
VANGUARD CAPITAL MANAGEMENT LLC
$392.2M1,635,926 sh
STATE STREET CORP
$344.6M1,437,522 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$266.4M1,111,008 sh
Invesco Ltd.
$261.6M1,091,087 sh
GEODE CAPITAL MANAGEMENT, LLC
$215.0M899,461 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$205.2M855,984 sh
ProShare Advisors LLC
$153.8M641,437 sh
BANK OF AMERICA CORP /DE/
$126.2M526,267 sh

Fund	Value	Shares
PNC FINANCIAL SERVICES GROUP, INC.	$1.2B	4,826,778
BlackRock, Inc.	$401.5M	1,674,602
VANGUARD CAPITAL MANAGEMENT LLC	$392.2M	1,635,926
STATE STREET CORP	$344.6M	1,437,522
VANGUARD PORTFOLIO MANAGEMENT LLC	$266.4M	1,111,008
Invesco Ltd.	$261.6M	1,091,087
GEODE CAPITAL MANAGEMENT, LLC	$215.0M	899,461
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$205.2M	855,984
ProShare Advisors LLC	$153.8M	641,437
BANK OF AMERICA CORP /DE/	$126.2M	526,267

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Is ERIE a good stock to buy?

13F Pro's AI-powered analysis of ERIE INDEMNITY CO (ERIE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ERIE are available on the ERIE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. ERIE is classified as a large company.

Which hedge funds own ERIE?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ERIE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ERIE INDEMNITY CO's investment landscape.