Erie Indemnity Company (ERIE) Balance Sheet
ERIE balance sheet, 2025
December 31, 2025 · U.S. dollars$3.36B assets = $1.07B liabilities + $2.28B equity
Both columns are drawn to the same scale: what ERIE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ERIE financial health
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
ERIE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.55B2016 | $3.36B2025 | +9.0%/yr | |
| Total liabilities | $732.0M2016 | $1.07B2025 | +4.3%/yr | |
| Shareholders’ equity | $816.9M2016 | $2.28B2025 | +12.1%/yr | |
| Cash & short-term investments | $245.2M2016 | $353.0M2025 | +4.1%/yr | |
| Total debt | $235.3M2016 | $7.5M2024 | −35.0%/yr | |
| Net cash (debt) | $9.9M2016 | $311.9M2024 | +$302.0M | |
| Working capital | $355.3M2016 | $216.6M2025 | −$138.7M | |
| Book value per share | $13.962016 | $43.342025 | +13.4%/yr | |
| Debt / equity | 0.292016 | 0.002024 | −0.28 | |
| Shares outstanding | 58.5M2016 | 52.7M2025 | −1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ERIE assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
ERIE liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
ERIE debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ERIE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $353.0M | $319.4M | $226.1M | $166.4M | $222.1M | $178.9M | $371.9M | $668.8M | $286.9M | $245.2M |
| Cash & equivalents | $315.7M | $274.8M | $144.1M | $142.1M | $183.7M | $161.2M | $336.7M | $266.4M | $215.7M | $189.1M |
| Short-term investments | $37.3M | $44.6M | $82.0M | $24.3M | $38.4M | $17.7M | $35.2M | $402.3M | $71.2M | $56.1M |
| Receivables | $749.9M | $718.1M | $634.8M | $524.9M | $479.1M | $494.6M | $474.1M | $455.1M | $473.2M | $408.8M |
| Inventory | $0 | $0 | $1 | −$9.7M | −$62.5M | −$58.7M | $2.4M | $1 | $767.0M | $1 |
| Other current assets | $30.2M | $107.5M | $69.3M | $97.2M | $125.0M | $117.4M | $43.0M | $45.1M | $0 | $0 |
| Total current assets | $1.13B | $1.15B | $930.2M | $778.8M | $763.7M | $732.3M | $891.4M | $1.17B | $760.1M | $654.0M |
| Property, plant & equipment (net) | $571.5M | $513.5M | $442.6M | $413.9M | $374.8M | $265.3M | $243.8M | $130.8M | $83.1M | $69.1M |
| Goodwill & intangible assets | $0 | $0 | −$49.5M | $42.8M | $1.41B | $1.28B | $1.03B | $883.6M | $846.3M | $751.4M |
| Long-term investments | $1.46B | $1.12B | $1.05B | $930.9M | $966.4M | $973.0M | $724.7M | $381.0M | $732.6M | $740.3M |
| Other non-current assets | $195.3M | $107.9M | $103.2M | $73.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $3.36B | $2.89B | $2.47B | $2.24B | $2.24B | $2.12B | $2.02B | $1.78B | $1.67B | $1.55B |
| Liabilities | ||||||||||
| Accounts payable | $200.7M | $185.1M | $170.9M | $163.2M | $138.3M | $150.7M | $122.5M | $109.6M | $332.7M | $298.7M |
| Short-term debt | — | $7.5M | $533.4M | $300.0M | $2.1M | $2.0M | $13.3M | $1.9M | $228.1M | $210.6M |
| Deferred revenue | $47.6M | $42.8M | $41.2M | $36.5M | $34.9M | $36.9M | $35.9M | $33.9M | — | — |
| Total current liabilities | $916.5M | $802.5M | $709.0M | $708.5M | $630.9M | $627.7M | $587.7M | $471.3M | $332.7M | $298.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $91.7M | $93.8M | $95.8M | $97.9M | $74.7M | $24.8M |
| Other long-term liabilities | $155.6M | $98.8M | $100.2M | $125.9M | $177.0M | $207.6M | $199.4M | $0 | $0 | $0 |
| Total liabilities | $1.07B | $901.4M | $809.1M | $791.0M | $899.6M | $929.1M | $883.0M | $804.7M | $808.5M | $732.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M |
| Retained earnings (deficit) | $3.46B | $3.16B | $2.80B | $2.58B | $2.50B | $2.39B | $2.38B | $2.23B | $2.14B | $2.07B |
| Treasury stock | — | — | — | — | — | — | −$1.16B | −$1.16B | −$1.16B | −$1.16B |
| Accumulated other comprehensive income | −$27.1M | −$24.6M | $9.7M | $15.4M | −$3.5M | −$60.6M | −$104.0M | −$118.7M | −$156.1M | −$121.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.28B | $1.99B | $1.66B | $1.45B | $1.34B | $1.19B | $1.13B | $973.7M | $857.3M | $816.9M |
| Key figures | ||||||||||
| Total debt | — | $7.5M | $112.3M | $122.5M | $93.8M | $95.9M | $119.8M | $99.7M | $302.9M | $235.3M |
| Net cash (debt) | — | $311.9M | $113.8M | $43.9M | $128.3M | $83.1M | $252.2M | $569.0M | −$15.9M | $9.9M |
| Working capital | $216.6M | $342.5M | $221.2M | $70.3M | $132.9M | $104.6M | $303.7M | $697.6M | $427.5M | $355.3M |
| Tangible book value | $2.28B | $1.99B | $1.71B | $1.41B | −$66.0M | −$87.3M | $104.5M | $90.1M | $11.0M | $65.5M |
| Book value per share | $43.34 | $37.72 | $31.56 | $31.36 | $29.07 | $22.55 | $19.40 | $18.48 | $14.67 | $13.96 |
| Shares outstanding | 52.7M | 52.7M | 52.7M | 46.2M | 46.2M | 52.7M | 58.4M | 52.7M | 58.4M | 58.5M |
| Current ratio | 1.24 | 1.43 | 1.31 | 1.10 | 1.21 | 1.17 | 1.52 | 2.48 | 2.29 | 2.19 |
| Quick ratio | 1.20 | 1.29 | 1.21 | 0.98 | 1.11 | 1.07 | 1.44 | 2.38 | 2.29 | 2.19 |
| Debt / equity | — | 0.00 | 0.07 | 0.08 | 0.07 | 0.08 | 0.11 | 0.10 | 0.35 | 0.29 |
| Equity / assets | 68.0% | 68.8% | 67.3% | 64.7% | 59.9% | 56.1% | 56.2% | 54.8% | 51.5% | 52.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $344.6M | $338.3M | $353.0M | $652.2M | $391.3M | $288.2M | $319.4M | $246.2M | $204.3M | $208.2M | $226.1M | $172.7M |
| Cash & equivalents | $282.9M | $229.1M | $315.7M | $540.6M | $332.1M | $235.2M | $274.8M | $197.7M | $156.6M | $131.5M | $144.1M | $102.9M |
| Short-term investments | $61.7M | $109.3M | $37.3M | $111.7M | $59.2M | $53.0M | $44.6M | $48.6M | $47.7M | $76.7M | $82.0M | $69.8M |
| Receivables | $767.4M | $757.7M | $749.9M | $791.4M | $781.1M | $730.7M | $718.1M | $747.4M | $718.4M | $641.7M | $634.8M | $620.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $9.0M |
| Other current assets | $94.5M | $39.5M | $30.2M | $28.0M | $25.9M | $25.2M | $107.5M | $23.5M | $97.6M | $0 | $69.3M | $71.5M |
| Total current assets | $1.21B | $1.14B | $1.13B | $1.47B | $1.20B | $1.04B | $1.15B | $1.02B | $1.02B | $849.9M | $930.2M | $873.8M |
| Property, plant & equipment (net) | $593.4M | $579.6M | $571.5M | $557.6M | $519.8M | $513.1M | $513.5M | $480.7M | $469.1M | $461.9M | $442.6M | $435.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $4.3M | $35.5M | $12.3M | $0 | $0 | $0 | $0 | −$49.5M | $0 |
| Long-term investments | $1.61B | $1.47B | $1.46B | $1.14B | $1.18B | $1.18B | $1.12B | $1.14B | $1.08B | $1.06B | $1.05B | $994.8M |
| Other non-current assets | $147.9M | $188.1M | $195.3M | $154.6M | $198.7M | $216.4M | $107.9M | $223.9M | $122.0M | $187.7M | $103.2M | $91.0M |
| Total assets | $3.56B | $3.38B | $3.36B | $3.32B | $3.13B | $2.97B | $2.89B | $2.86B | $2.69B | $2.56B | $2.47B | $2.39B |
| Liabilities | ||||||||||||
| Accounts payable | $205.8M | $229.4M | $200.7M | $200.0M | $193.0M | $210.7M | $185.1M | $194.6M | $198.7M | $213.1M | $170.9M | $165.8M |
| Short-term debt | $63.2M | — | — | — | $35.2M | $12.7M | $7.5M | $7.9M | $6.3M | $514.5M | — | $206.6M |
| Deferred revenue | — | $47.4M | $47.6M | $47.9M | $46.2M | $44.1M | $42.8M | $42.8M | $41.6M | $40.6M | $41.2M | $40.8M |
| Total current liabilities | $968.4M | $942.5M | $916.5M | $892.8M | $859.9M | $844.6M | $802.5M | $832.6M | $772.3M | $253.6M | $709.0M | $680.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $121.5M | $80.7M | $155.6M | $122.6M | $83.7M | $56.2M | $98.8M | $83.6M | $863.1M | $576.0M | $100.2M | $101.7M |
| Total liabilities | $1.09B | $1.02B | $1.07B | $1.02B | $943.7M | $900.9M | $901.4M | $916.2M | $863.1M | $829.6M | $809.1M | $782.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M |
| Retained earnings (deficit) | $3.66B | $3.55B | $3.46B | $3.47B | $3.35B | $3.24B | $3.16B | $3.07B | $2.97B | $2.87B | $2.80B | $2.75B |
| Accumulated other comprehensive income | −$38.0M | −$39.2M | −$27.1M | −$6.6M | −$12.1M | −$18.9M | −$24.6M | $24.2M | $5.1M | $8.0M | $9.7M | −$12.8M |
| Total shareholders' equity | $2.47B | $2.35B | $2.28B | $2.31B | $2.18B | $2.07B | $1.99B | $1.95B | $1.83B | $1.73B | $1.66B | $1.61B |
| Key figures | ||||||||||||
| Total debt | $63.2M | — | — | — | $35.2M | $12.7M | $7.5M | $7.9M | $6.3M | $514.5M | — | $206.6M |
| Net cash (debt) | $281.5M | — | — | — | $356.1M | $275.5M | $311.9M | $238.3M | $198.0M | −$306.2M | — | −$33.9M |
| Working capital | $238.1M | $193.1M | $216.6M | $578.8M | $338.4M | $199.5M | $342.5M | $184.6M | $248.0M | $596.3M | $221.2M | $192.9M |
| Tangible book value | $2.47B | $2.35B | $2.28B | $2.30B | $2.15B | $2.06B | $1.99B | $1.95B | $1.83B | $1.73B | $1.71B | $1.61B |
| Book value per share | $47.17 | $44.67 | $43.34 | $43.82 | $41.76 | $35.40 | $37.99 | $37.24 | $34.71 | $32.77 | $31.56 | $30.60 |
| Shares outstanding | 52.3M | 52.7M | 52.7M | 52.7M | 52.3M | 58.4M | 52.3M | 52.3M | 52.7M | 52.7M | 52.7M | 52.7M |
| Current ratio | 1.25 | 1.20 | 1.24 | 1.65 | 1.39 | 1.24 | 1.43 | 1.22 | 1.32 | 3.35 | 1.31 | 1.28 |
| Quick ratio | 1.15 | 1.16 | 1.20 | 1.62 | 1.36 | 1.21 | 1.29 | 1.19 | 1.19 | 3.35 | 1.21 | 1.17 |
| Debt / equity | 0.03 | — | — | — | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.30 | — | 0.13 |
| Equity / assets | 69.4% | 69.7% | 68.0% | 69.5% | 69.8% | 69.6% | 68.8% | 68.0% | 67.9% | 67.5% | 67.3% | 67.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.
ERIE financial position
At the end of fiscal 2025 (December 31, 2025), Erie Indemnity had total assets of $3.4 billion (up 16.2% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $2.3 billion. Its current ratio was 1.24. In the latest quarter (ended June 30, 2026) total assets were $3.6 billion and equity $2.5 billion.
Related: ERIE income statement, ERIE cash flow statement, ERIE key metrics. See the ERIE stock overview for the latest quote and news.
ERIE balance sheet FAQ
What are Erie Indemnity's total assets?
Erie Indemnity reported total assets of $3.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.9 billion a year earlier.
How much cash does Erie Indemnity have?
Erie Indemnity held $353.0 million in cash and short-term investments at the end of fiscal 2025.
What is Erie Indemnity's book value?
Erie Indemnity's shareholders' equity (book value) was $2.3 billion at the end of fiscal 2025, or $43.34 per share.
What is Erie Indemnity's current ratio?
Erie Indemnity had current assets of $1.1 billion and current liabilities of $916.5 million, a current ratio of 1.24 (it can cover its short-term obligations).