Main industry revenues:

1. Insurance services
2. Financial services

TOP 3 markets:

1. USA: approx. 95%
2. Canada: approx. 3%
3. Other international markets: approx. 2%

Erie Indemnity Company generates the majority of its revenues from insurance services, particularly through managing policies and services for the Erie Insurance Group. The main market is the USA, where the company earns the largest portion of its revenue. Canada and other international markets contribute only marginally to the total revenue.

Production: USA

Erie Indemnity Company is an insurance company and does not produce physical products. The company offers insurance services, mainly in the areas of auto, property, and life insurance. The services are provided in the USA, where the company is also headquartered.

Revenue Growth: Estimated 8-10% (2025, based on historical trends)

Erie Indemnity Company is pursuing a growth strategy focused on expanding its market presence and enhancing its technological infrastructure. The company is increasingly emphasizing digital transformation to increase efficiency and improve customer service.

Another key focus is on geographical expansion into underserved markets to attract new customers. Additionally, Erie Indemnity is investing in the development of new insurance products tailored to the evolving needs of customers.

Through these strategic initiatives, the company aims to increase its market share and secure long-term profitable growth.

Commodities/Materials: No specific commodities

Import Countries: Not applicable

Erie Indemnity Company is an insurance company and not a manufacturing operation. Therefore, the company does not import specific commodities or materials as would be the case in the manufacturing industry.

Erie Indemnity's business model is based on services in the insurance sector, particularly the administration of insurance contracts and the provision of insurance services. Therefore, information about the import of commodities or materials is not relevant for this company.

Market Share: 5.1% in the US insurance market (2024, estimate)
Customer Retention Rate: 90% (2023)
Combined Ratio: 95.2% (2023)

Erie Indemnity Company possesses a significant competitive advantage that is manifested through several factors. The market share of 5.1% in the US insurance market demonstrates a strong presence, especially in the regions where the company operates. A customer retention rate of 90% indicates high customer satisfaction and loyalty, attributed to the excellent customer service and tailored insurance products.

Furthermore, the company has a combined ratio of 95.2%, indicating efficiency in claims and cost control. A value below 100% signifies that the company operates profitably, as it spends less on claims and costs than it earns in premiums. These metrics, combined with strong regional brand awareness and a well-established agent network, secure Erie Indemnity a solid competitive advantage in the insurance sector.

Institutional Investor Share: approximately 35% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant insider transactions in the last year (2024)

The institutional investor share at Erie Indemnity Company traditionally stands at about one-third of the total shares. These investors include pension funds, investment funds, and other institutional investors who are interested in the company's stability and dividends in the long term.

In 2024, there were no significant insider buys or sells, indicating a stable confidence from the management in the company's future development. Such transactions are often seen as an indicator of management's expectations regarding the company's performance.

Market share of Erie Indemnity Company: Estimated at around 2-3% in the US insurance market (2025)

Top competitors and their market shares:

1. State Farm: approximately 9-10%
2. Berkshire Hathaway (GEICO): around 7-8%
3. Progressive Corporation: about 6-7%
4. Allstate Corporation: roughly 5-6%
5. Liberty Mutual: about 4-5%
6. USAA: around 3-4%
7. Farmers Insurance: about 3-4%
8. Nationwide: approximately 2-3%
9. American Family Insurance: around 2-3%
10. Travelers Companies: about 2-3%

Erie Indemnity Company's economic moat:

Erie Indemnity Company has a moderate economic moat, primarily based on its strong regional presence and excellent customer service. The company has a significant presence in the Northeastern US and the Midwest. This geographical focus allows Erie to build deeper customer relationships and offer tailored insurance products.

Compared to larger competitors like State Farm or GEICO, which have extensive marketing budgets and a national presence, Erie's economic moat is less pronounced. These larger companies benefit from economies of scale and broader brand recognition, giving them a significant competitive advantage.

Overall, Erie Indemnity offers a solid but limited competitive advantage, mainly based on regional expertise and customer loyalty. However, larger competitors often have a stronger economic moat due to their size, brand recognition, and financial resources.

Revenue Growth: 7.8% (2024)
Profit Growth: 6.5% (2024)
Return on Equity: 24.3% (2024)

Erie Indemnity Company recorded a solid revenue growth of 7.8% in 2024, indicating stable business development and an effective market strategy. The profit growth of 6.5% shows that the company is able to increase its profitability despite possible market volatilities.

The return on equity of 24.3% is a strong indicator of efficient capital utilization and the company's ability to generate high returns for its shareholders. This metric exceeds the industry average and demonstrates Erie Indemnity's competitiveness.

Additionally, the company is known for its conservative financial policy and strong balance sheet, making it resilient to economic downturns. Continuous investment in technology and customer service strengthens its market position and promotes long-term growth.

Overall, these factors suggest that Erie Indemnity is an attractive investment opportunity for investors interested in a stable and growth-oriented company.

Dividend Yield: 2.6% (2023)
Dividend History: Continuous payout for over 30 years

Erie Indemnity Company regularly pays a dividend to its shareholders. The dividend yield was approximately 2.6% in 2023. The company has a long tradition of dividend payment and is known for its reliability in distribution, as it has been paying dividends continuously for over three decades.

The consistency of dividend payments is supported by Erie Indemnity's solid financial performance and stable business model. Therefore, investors can expect a reliable dividend policy, provided that no significant negative changes occur in the business environment.