What is Erie Indemnity Co Financial Strength?
Erie Indemnity Co has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Erie Indemnity Co shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Erie Indemnity Co has no long-term debt (1).
Erie Indemnity Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
Altman Z-Score does not apply to banks and insurance companies.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Erie Indemnity Co Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Erie Indemnity Co's Interest Expense for the
months ended in Mar. 2024 was $0 Mil. Its Operating Income for the
months ended in Mar. 2024 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil.
Erie Indemnity Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Erie Indemnity Co had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Erie Indemnity Co has no debt.
2. Debt to revenue ratio. The lower, the better.
Erie Indemnity Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Erie Indemnity Co (Erie Indemnity Co) Business Description
Traded in Other Exchanges
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
Executives
| Marc Cipriani |
officer: Senior Vice President |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Sean Dugan |
officer: Executive Vice President |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Parthasarathy Srinivasa |
officer: EVP, Chief Information Officer |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Jorie L Novacek |
officer: SVP, Controller |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Thomas B Hagen |
director |
230 WEST 6TH STREET, ERIE PA 16507-1319 |
| Eugene C Connell |
director |
785 HUNTINGTON DRIVE, ERIE PA 16505 |
| Elizabeth A Vorsheck |
director, 10 percent owner |
6252 COMMERCIAL WAY PMB 140, BROOKSVILLE FL 34613 |
| Brian W. Bolash |
officer: SVP,Secretary,General Counsel |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Borneman J Ralph Jr |
director |
NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512 |
| Hudson Brian Arden Sr. |
director |
2407 PARK DRIVE, HARRISBURG PA 17110 |
| Louis F Colaizzo |
officer: Senior Vice President |
100 ERIE INSURANCE PLACE, ERIE PA 16530 |
| Salvatore Correnti |
director |
8518 SOUTHFIELDS CIRCLE, LUTHERVILLE MD 21093 |
| Timothy G Necastro |
officer: President & CEO, Designate |
100 ERIE INSURANCE PL, ERIE PA 16530 |
| Luann Datesh |
director |
333 OAK FOREST DRIVE, PITTSBURGH PA 15216 |
| Robert C Wilburn |
director |
110 WASHINGTON AVENUE #1711, MIAMI BEACH FL 33139 |
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ERIE has been successfully added to your