Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.69B | $2.38B | $2.48B | $2.54B | $2.63B | $2.84B | $3.27B | $3.80B | $4.07B |
| Revenue growth | — | 6.0% | 40.8% | 4.0% | 2.4% | 3.8% | 7.8% | 15.1% | 16.1% | 7.2% |
| Operating income | $294M | $290M | $344M | $357M | $338M | $318M | $376M | $520M | $676M | $717M |
| Operating margin | 18.4% | 17.2% | 14.5% | 14.4% | 13.3% | 12.1% | 13.2% | 15.9% | 17.8% | 17.6% |
| Net income | $210M | $197M | $288M | $317M | $293M | $298M | $299M | $446M | $600M | $559M |
| Net margin | 13.2% | 11.6% | 12.1% | 12.8% | 11.6% | 11.3% | 10.5% | 13.6% | 15.8% | 13.8% |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $254M | $197M | $264M | $365M | $343M | $403M | $366M | $381M | $611M | $687M |
| Capital expenditures | $25.2M | $28.9M | $56.3M | $102M | $55.5M | $149M | $67.2M | $92.6M | $125M | $116M |
| Free cash flow | $229M | $168M | $207M | $262M | $287M | $254M | $299M | $289M | $486M | $571M |
| Share buybacks | $0.00 | — | — | — | — | — | — | — | — | — |
| Dividends paid | $136M | $146M | $156M | $168M | $273M | $193M | $207M | $222M | $238M | $254M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $189M | $216M | $266M | $337M | $161M | $184M | $142M | $144M | $298M | $346M |
| Total assets | $1.55B | $1.67B | $1.78B | $2.02B | $2.12B | $2.24B | $2.24B | $2.47B | $2.89B | $3.36B |
| Total liabilities | $732M | $809M | $805M | $883M | $929M | $900M | $791M | $809M | $901M | $1.07B |
| Long-term debt | $24.8M | $74.7M | $97.9M | $95.8M | $93.8M | $91.7M | $0.00 | — | — | — |
| Shareholders' equity | $817M | $857M | $974M | $1.13B | $1.19B | $1.34B | $1.45B | $1.66B | $1.99B | $2.28B |
| Retained earnings | $2.07B | $2.14B | $2.23B | $2.38B | $2.39B | $2.50B | $2.58B | $2.80B | $3.16B | $3.46B |
Every figure is extracted from ERIE INDEMNITY CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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