Erie Insurance (also known as Erie Indemnity) is a multi-line insurance company, offering auto, home, commercial and life insurance through a network of independent insurance agents. The company offers a range of services to meet family insurance needs, including a variety of auto, home, and renters insurance policies, and motorcycle, RV and boat insurance. Erie Insurance also provides a variety of business insurance products to meet the needs of both small and large businesses.
Type | Public | |
Founded | 1925 | |
HQ | Erie, PA, US | Map |
Website | erieinsurance.com | |
Employee Ratings | More | |
Overall Culture | A+ | More |
USD | |
---|---|
Revenue (FY, 2020) | 2.5b |
Net income (FY, 2020) | 293.3m |
EBIT (FY, 2020) | 338.2m |
Market capitalization (7-Apr-2021) | 11.6b |
Closing stock price (7-Apr-2021) | 222.2 |
Cash (31-Dec-2020) | 161.2m |
EV | 11.6b |
USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 572.2m | 621.5m | 612.1m | 594.1m | 647.7m | 638.7m | 616.7m | 657.0m | 653.5m |
Operating expense total | 494.6m | 526.1m | 515.4m | 508.0m | 551.1m | 532.8m | 531.0m | 565.8m | 557.3m |
EBIT | 77.6m | 95.3m | 96.7m | 86.1m | 96.6m | 105.9m | 85.7m | 91.2m | 96.2m |
EBIT margin, % | 14% | 15% | 16% | 14% | 15% | 17% | 14% | 14% | 15% |
USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|
Cash | 119.6m | 198.4m | 244.7m | 312.0m | 338.3m | 344.9m | 228.6m | 257.7m | 216.4m |
Accounts Receivable | 415.3m | 445.2m | 463.6m | 456.1m | 483.3m | 498.0m | 482.2m | 506.7m | 501.2m |
Prepaid Expenses | 43.1m | 45.4m | 44.0m | 50.0m | 42.3m | 47.7m | 58.7m | 60.7m | 52.0m |
Current Assets | 720.7m | 828.1m | 888.9m | 962.4m | 937.2m | 934.9m | 810.1m | 859.2m | 792.9m |
USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|
Cash From Operating Activities | (40.2m) | 41.6m | 174.3m | 24.2m | 114.4m | 237.9m | 20.1m | 127.3m | 234.5m |
Purchases of PP&E | (8.7m) | (18.1m) | (48.7m) | (17.4m) | (34.3m) | (68.4m) | (21.1m) | (37.4m) | (52.3m) |
Cash From Investing Activities | (16.7m) | (5.7m) | (53.0m) | 63.8m | 42.2m | (32.2m) | (82.7m) | (115.4m) | (218.6m) |
Long-term Borrowings | (9.0k) | 25.0m | 25.0m | (460.0k) | (962.0k) | (1.4m) | (481.0k) | (979.0k) | (1.5m) |
USD | FY, 2017 |
---|---|
Revenue/Employee | 331.7k |
Debt/Equity | 0.1 x |
Financial Leverage | 1.9 x |
Company Name | Date | Deal Size |
---|---|---|
Erie Family Life Insurance Company | ||
Erie Insurance Company | ||
Erie Insurance Company of New York | ||
Erie Insurance Property & Casualty Company | ||
Flagship City Insurance Company |
Erie Insurance revenue breakdown by business segment: 73.1% from Management Fee - Policy Issuance and Renewal Services, 23.5% from Administrative Services Reimbursement and 3.4% from Other
Erie Insurance has 9.56k Twitter Followers. The number of followers has increased 0.2% month over month and increased 0.4% quarter over quarter
5.3k
Tweets
1k
Following
9.6k
Followers
21
Tweets last 30 days
7
Avg. likes per Tweet
81%
Tweets with engagement
A+
86/100
A+
89/100
A+
85/100
When was Erie Insurance founded?
Erie Insurance was founded in 1925.
Who are Erie Insurance key executives?
Erie Insurance's key executives are Timothy NeCastro, Gregory J. Gutting and Bob Ingram.
How many employees does Erie Insurance have?
Erie Insurance has 5,700 employees.
What is Erie Insurance revenue?
Latest Erie Insurance annual revenue is $2.5 b.
What is Erie Insurance revenue per employee?
Latest Erie Insurance revenue per employee is $445 k.
Who are Erie Insurance competitors?
Competitors of Erie Insurance include Allstate, Massachusetts Mutual Life Insurance Company (MassMutual) and MetLife.
Where is Erie Insurance headquarters?
Erie Insurance headquarters is located at 100 Erie Insurance Pl, Erie.
Where are Erie Insurance offices?
Erie Insurance has offices in Erie, Bethlehem, Brentwood, Brookfield and in 25 other locations.
How many offices does Erie Insurance have?
Erie Insurance has 36 offices.
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