Erie Indemnity Stock Tanks 40% – Is This Insurance Play Now a Bargain?
Solid Fundamentals, Sluggish Stock Erie Indemnity, founded in 1925 and based in Pennsylvania, acts as the management company for Erie Insurance (a mutual P&C insurer) marketbeat.com barchart.com. Its revenue comes largely from management fees tied to premium growth. In Q2 2025, ERIE saw net income rise to $174.7M ($3.34 per diluted share), up from $163.9M ($3.13) a year earlier stocktitan.net finimize.com. Growth was driven by a premium-fueled 8.3% jump in management fees (to $823.9M) and a doubling of investment income to $19.6M stocktitan.net finimize.com. Despite the gains, expenses grew – commissions and IT costs rose to support higher sales –