ERIE
Price:
$299.78
Market Cap:
$13.85B
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.
Industry
Insurance - Brokers
IPO Date
1995-10-02
Stock Exchange
NASDAQ
Ticker
ERIE
According to Erie Indemnity Company’s latest financial reports and current stock price. The company's current Current Ratio is 1.67. This represents a change of 115.64% compared to the average of 0.77 of the last 4 quarters.
The mean historical Current Ratio of Erie Indemnity Company over the last ten years is 1.98. The current 1.67 Current Ratio has changed 8.33% with respect to the historical average. Over the past ten years (40 quarters), ERIE's Current Ratio was at its highest in in the December 2017 quarter at 3.35. The Current Ratio was at its lowest in in the March 2024 quarter at 0.
Average
1.98
Median
1.47
Minimum
1.10
Maximum
3.35
Discovering the peaks and valleys of Erie Indemnity Company Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = Infinity%
Maximum Annual Current Ratio = 3.35
Minimum Annual Increase = -59.19%
Minimum Annual Current Ratio = 1.10
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.43 | 8.75% |
| 2023 | 1.31 | 19.36% |
| 2022 | 1.10 | -3.58% |
| 2021 | 1.14 | -59.19% |
| 2020 | 2.79 | 84.17% |
| 2019 | 1.52 | -38.85% |
| 2018 | 2.48 | -25.99% |
| 2017 | 3.35 | 2.81% |
| 2016 | 3.26 | 128.74% |
| 2015 | 1.43 | Infinity% |
The current Current Ratio of Erie Indemnity Company (ERIE) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
1.28
5-year avg
1.55
10-year avg
1.98
Erie Indemnity Company’s Current Ratio is less than Everest Re Group, Ltd. (11.34), less than Equitable Holdings, Inc. (95.18), less than Fidelity National Financial, Inc. (1.58K), greater than MetLife, Inc. (0), greater than Brookfield Wealth Solutions Ltd. (0), greater than East West Bancorp, Inc. (0.07), greater than Reinsurance Group of America, Incorporated (0), greater than Mr. Cooper Group Inc. (0.56), greater than Houlihan Lokey, Inc. (1.46), greater than Banco de Chile (0.31),
| Company | Current Ratio | Market cap |
|---|---|---|
| 11.34 | $13.16B | |
| 95.18 | $14.01B | |
| 1.58K | $15.82B | |
| 0 | $51.41B | |
| 0 | $14.34B | |
| 0.07 | $14.98B | |
| 0 | $12.67B | |
| 0.56 | $13.49B | |
| 1.46 | $12.57B | |
| 0.31 | $19.46B |
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