Valued at a market cap of $16.5 billion, Erie Indemnity Company (ERIE) is a U.S.-based insurance services company headquartered in Erie, Pennsylvania. It serves as the managing attorney-in-fact for the Erie Insurance Exchange, which is a reciprocal insurance exchange offering auto, home, business, and life insurance.

Shares of ERIE have underperformed the broader market, plunging 19.8% over the past 52 weeks and 12.5% this year. In contrast, the S&P 500 Index ($SPX) has gained 19.3% over the past year and is up 8.4% in 2025.

Zooming out, ERIE has also lagged behind the SPDR S&P Insurance ETF (KIE). The exchange-traded fund has gained 8.7% over the past 52 weeks and 1.2% on a YTD basis.

On Aug. 7, Erie announced its second-quarter earnings, and its shares rose 1.3% in the following trading session. Its net income rose 6.6% year-over-year to $174.7 million, or $3.34 per share, though slightly below analyst expectations. Revenue grew 7% to $1.06 billion, driven by higher management fees and administrative services revenue, but fell just short of forecasts. 

For fiscal 2025, which ends in December, analysts expect Erie Indemnity’s EPS to grow 8.4% to $12.44. The company’s earnings surprise history is mixed. It beat the consensus estimate in two of the last four quarters, while missing in the other two quarters.

ERIE stock has a consensus “Moderate Buy” rating overall. Of the two analysts covering the stock, one recommends a “Strong Buy,” and one suggests a “Hold” rating.