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Upturn AI SWOT - About
ERIE 
Erie Indemnity Company (ERIE)
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Upturn Advisory Summary
04/01/2025: ERIE (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 118.38% | Avg. Invested days 56 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 21.73B USD | Price to earnings Ratio 36.23 | 1Y Target Price 115 |
Price to earnings Ratio 36.23 | 1Y Target Price 115 | ||
Volume (30-day avg) 139794 | Beta 0.38 | 52 Weeks Range 341.93 - 543.88 | Updated Date 04/2/2025 |
52 Weeks Range 341.93 - 543.88 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 1.33% | Basic EPS (TTM) 11.47 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.82% | Operating Margin (TTM) 19.75% |
Management Effectiveness
Return on Assets (TTM) 16.55% | Return on Equity (TTM) 32.89% |
Valuation
Trailing PE 36.23 | Forward PE - | Enterprise Value 21216297748 | Price to Sales(TTM) 5.73 |
Enterprise Value 21216297748 | Price to Sales(TTM) 5.73 | ||
Enterprise Value to Revenue 5.49 | Enterprise Value to EBITDA - | Shares Outstanding 46189100 | Shares Floating 25139400 |
Shares Outstanding 46189100 | Shares Floating 25139400 | ||
Percent Insiders 45.49 | Percent Institutions 38.29 |
Analyst Ratings
Rating 5 | Target Price 115 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Erie Indemnity Company
Company Overview
History and Background
Erie Indemnity Company was founded in 1925 in Erie, Pennsylvania. Initially focused on auto insurance, it expanded to offer a full range of insurance products. Erie is known for its customer service and commitment to independent agents.
Core Business Areas
- Property and Casualty Insurance: Provides a range of personal and commercial lines of insurance, including auto, home, and business insurance. The company operates in 12 states and the District of Columbia.
- Management Services: Manages the insurance operations of the Erie Insurance Exchange and its affiliated companies.
Leadership and Structure
Tim NeCastro serves as the President and CEO. Erie Indemnity operates with a traditional corporate structure, featuring a board of directors overseeing executive management. Erie family of companies are Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company and Erie Family Life Insurance Company.
Top Products and Market Share
Key Offerings
- Auto Insurance: Erie's auto insurance offers various coverages, including liability, collision, and comprehensive. Competitors include GEICO, State Farm, and Progressive. Market share information not publicly available, but Erie focuses on specific regions.
- Homeowners Insurance: Erie's homeowners insurance provides coverage for property damage, liability, and personal belongings. Competitors include Allstate and Liberty Mutual. Market share information not publicly available, but Erie focuses on specific regions.
- Commercial Insurance: Erie provides coverage for commercial auto, property, and liability. Competitors include The Hartford and Travelers Companies. Market share information not publicly available, but Erie focuses on specific regions.
Market Dynamics
Industry Overview
The property and casualty insurance industry is competitive and subject to regulatory changes, economic cycles, and natural disasters. It is currently experiencing technological disruption.
Positioning
Erie Insurance positions itself as a customer-focused insurer that provides value through its independent agents and high-quality service. It has a strong regional presence.
Total Addressable Market (TAM)
The US property and casualty insurance market is estimated to be over $800 billion. Erie has opportunity to expand its geographical reach.
Upturn SWOT Analysis
Strengths
- Strong customer service reputation
- Independent agent network
- Financial stability
- Regional focus
Weaknesses
- Limited geographic presence
- Dependence on independent agents
- Less technological innovation compared to competitors
- Exposure to regional risks
Opportunities
- Geographic expansion
- Technological upgrades to enhance efficiency
- Product diversification
- Partnerships with fintech companies
Threats
- Increased competition from national insurers
- Rising claims costs due to inflation and natural disasters
- Regulatory changes
- Economic downturns affecting insurance demand
Competitors and Market Share
Key Competitors
- BRK.A
- ALL
- PGR
- TRV
- HIG
Competitive Landscape
Erie Insurance competes effectively in its regional markets due to its customer service and agent relationships. It faces challenges from larger national insurers with greater brand recognition and marketing resources.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Erie's historical growth has been steady, driven by its regional focus and strong agent network. Growth rates have varied with economic conditions and competitive pressures.
Future Projections: Analyst estimates project moderate growth for Erie, driven by geographic expansion and product diversification. See reports for data.
Recent Initiatives: Recent initiatives include investments in technology, expansion into new states, and the introduction of new insurance products.
Summary
Erie Indemnity Company is a financially stable regional insurer with a strong customer service reputation. Its growth is limited by its geographic focus, but it has opportunities to expand and innovate. It needs to watch out for increased competition and rising claims costs. Focus on expansion.
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Sources and Disclaimers
Data Sources:
- Company filings, analyst reports, industry publications, Market Share Reporter 2024
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Erie Indemnity Company
Exchange NASDAQ | Headquaters Erie, PA, United States | ||
IPO Launch date 1995-10-02 | CEO - | ||
Sector Financial Services | Industry Insurance Brokers | Full time employees 6715 | Website https://www.erieinsurance.com |
Full time employees 6715 | Website https://www.erieinsurance.com | ||
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation, and sales and advertising support services; underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. The company was incorporated in 1925 and is based in Erie, Pennsylvania.
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