A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
In Q2 FY2026, Erie Indemnity Company generated revenue of $1.09B (up 2.8% YoY) and net income of $180.29M (up 3.2% YoY), driven by growth in premiums written by the Erie Insurance Exchange.
Revenue
$1.09B
+2.80% YoY
Operating Income
$204.12M
+2.49% YoY
Filed · Source: SEC EDGAR 10-Q filing
Erie Indemnity (ERIE) reported Q2 FY2026 revenue of $1.09B, up 2.8% year over year. The company posted net income of $180.29M, up 3.2% from a year earlier. Operating income was $204.12M, up 2.5% year over year. ERIE's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
ERIE reported solid Q2 FY2026 performance with revenue up 2.8% YoY to $1.09B and net income up 3.2% YoY to $180.29M on expanded written premiums.
Last 4 quarters: 2 beats, 2 misses
Reported EPS of $3.45 versus the $3.44 analyst consensus — a +0.2% beat for Jun 2026.
Policy issuance and renewal management fee revenue increased 4.7% YoY to $862.9M in Q2 FY2026. This was driven by a 3.3% increase in direct and affiliated assumed written premiums by the Erie Insurance Exchange to $3.54B, while the management fee rate remained fixed at 25.0%.
Source: 10-Q Item 2 MD&A, p.27
Cost of operations for policy issuance and renewal services increased 5.5% YoY to $684.1M in Q2 FY2026. The increase was primarily driven by higher agent incentive compensation due to improved multi-year underwriting profitability and higher commission expenses.
Source: 10-Q Item 2 MD&A, p.27
Administrative services reimbursement revenue and corresponding cost of operations both equaled $201.6M in Q2 FY2026, reflecting monthly cost-basis reimbursements that have no net impact on operating income.
Source: 10-Q Item 2 MD&A, p.27
Total investment income rose 15.1% YoY to $22.6M in Q2 FY2026, supported by a 12.8% increase in net investment income to $22.6M due to higher bond holdings.
Source: 10-Q Item 2 MD&A, p.33
Erie Indemnity derives substantially all of its revenue from management fees charged to the Erie Insurance Exchange. Any decline in premium volume, policy retention, or financial strength at the Exchange directly threatens Erie Indemnity's financial results.
Source: 10-Q Financial Statements (XBRL)
Current liabilities grew 12.4% YoY to $968.4M while current assets declined 5.0% to $1.21B in Q2 FY2026, compressing the current ratio to 1.25 and tightening short-term working capital coverage.
Source: 10-Q Balance Sheet (XBRL)
With $1.77B in total investments as of June 30, 2026, fluctuations in interest rates, equity markets, and credit default losses can adversely impact total investment income and net income.
Source: 10-Q Balance Sheet (XBRL)
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
See the ERIE earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $1.09B | $1.06B | +2.80% |
Operating Income | $204.12M | $199.17M | +2.49% |
Net Income | $180.29M | $174.69M | +3.21% |
In Q2 FY2026, ERIE reported revenue of $1.09B (up 2.8% YoY) and net income of $180.29M (up 3.2% YoY). Growth was primarily driven by a 3.3% increase in direct and affiliated written premiums at the Erie Insurance Exchange to $3.54B.
Erie Indemnity generated total revenue of $1.09B in Q2 FY2026, compared to $1.06B in Q2 FY2025. This included $862.9M in policy issuance and renewal management fee revenue.
As of Q2 FY2026, ERIE held $3.56B in total assets and $2.47B in stockholders' equity. The company maintained a current ratio of 1.25 and a conservative debt-to-equity ratio of 0.44.
Expected release date, analyst estimates & what to watch
Erie Indemnity (ERIE) delivered solid Q1 FY2026 results with revenue of $1.01B (+2.3% YoY), net income of $150.5M (+8.7% YoY), and operating margin expanding to 16.5%, though operating cash flow declined 22.2% to $91.9M.
Erie Indemnity (ERIE) delivered solid FY2025 revenue growth of 7.2% to $4.07B, but net income declined 6.8% to $559M, reflecting higher costs and increased investment activity, while operating cash flow improved 12.3% to $687M.
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