Erie Insurance
A multi-line insurance company, offering auto, home, business and life insurance through a network of independent insurance agents.
- Insurance
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 2 % | 5 % | 5 % | 16 % | 17 % | 7 % | 8 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 11 % | 11 % | 11 % | 13 % | 16 % | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Erie Insurance Exchange is a US-based insurance company that provides property and casualty insurance, as well as life insurance products. The company operates in 12 states and the District of Columbia, and its main products include personal and commercial auto, homeowners, and commercial multi-peril, and life insurance.
Erie's business model is based on a network of independent agents who sell its products to customers. This model allows the company to have a local presence in the markets it serves and to build strong relationships with its customers. The company's revenue is primarily generated from premiums paid by policyholders. Erie Insurance has a strong financial position and is rated A+ (Superior) by A.M. Best, a credit rating agency that specializes in the insurance industry.
Keywords: property and casualty insurance, life insurance, personal auto insurance, commercial auto insurance, homeowners insurance, commercial multi-peril insurance, independent agents, insurance premiums, financial services, risk management.
