Erie Indemnity Q3 FY2026: profit flat as revenue edges up 0.3%
Erie Indemnity posted a flat third quarter of FY2026: revenue of $1.07 billion, up 0.3%, and net income of $182.0 million, down 0.5%. Diluted EPS of $3.48 beat the $3.4476 consensus but trailed last year's $3.50. Read the scorecard first for the growth math, then the balance sheet — this is a fee business with no long-term debt and a large related-party receivable.
1 · Expected vs. Actual
Free preview belowDiluted EPS came in at $3.48, below last year's $3.50 but roughly 0.9% above the $3.4476 consensus. Net income of $182.0 million was essentially flat against $182.9 million. Operating income slipped 1.5% to $207.4 million, and total investment income fell to $19.9 million from $21.6 million on a $5.5 million realized and unrealized loss, so the small beat came from a low bar rather than from stronger operations.
Revenue was $1.07 billion, up 0.3% from $1.07 billion a year earlier — barely a move. The mix shifted underneath: policy issuance and renewal fees rose 2.6% to $847.0 million, while administrative services reimbursement fell 8.4% to $197.6 million and service agreement revenue dropped 18.5% to $5.7 million. The reimbursement line is pass-through money, so its decline costs little profit but drags the headline growth rate.
Log in to read 35 analyses a week for free
Create a free account to read 35 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.