Erie Indemnity

Erie Indemnity Interest Coverage

The Interest Coverage Ratio of Erie Indemnity (ERIE) as of Nov 1, 2026 is 9.22. In the previous year, Interest Coverage Ratio was 14.27 — a change of -35.41% (lower).

Interest Coverage

9.22

YoY

-35.41%

Last updated:

Interest Coverage Ratio of Erie Indemnity is 2024 9.22 . Interest Coverage Ratio of Erie Indemnity was 2023 14.27 . It decreases by -35.41% lower compared to the previous year.

The Erie Indemnity Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
11.52 USD
Jan 1, 2018
15.01 USD
Jan 1, 2019
-5.42 USD
Jan 1, 2020
10.43 USD
Jan 1, 2021
6.04 USD
Jan 1, 2022
546.06 USD
Jan 1, 2023
14.27 USD
Jan 1, 2024
9.22 USD
The Erie Indemnity Interest Coverage history
YEARInterest CoverageYoY
9.22-35.41%
14.27-97.39%
546.06+8,940.40%
6.04-42.09%
10.43-292.51%
-5.42-136.09%
15.01+30.25%
11.52+1.14%
11.39+51.07%
7.54-49.42%
14.91—

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Erie Indemnity Stock analysis

What does Erie Indemnity do? The Erie Indemnity Company is an American insurance company based in Erie, Pennsylvania. Founded in 1925 by H.O. Hirt and O.G. Crawford, the company employs over 5,000 employees and is one of the largest providers of auto insurance in the United States. Erie Indemnity is an insurance organization where policyholders themselves are the owners of the company. The company focuses on providing the best advice and building long-term customer relationships. They offer a variety of insurance products, such as auto, home, and life insurance, and prioritize individualized consultation and tailored coverage. Erie Indemnity is proud of its high customer satisfaction ratings and regularly earns top rankings in independent studies. In addition to traditional insurance products, the company also provides innovative services, such as free accident claims processing and exclusive driver safety training. Employee training and development are also key priorities, ensuring staff are up to date on industry advancements and legislation to provide optimal service. Erie Indemnity has expanded its business to new markets, offering insurance for small and medium-sized businesses and dabbling in cybersecurity. In summary, Erie Indemnity is a successful and innovative insurance company that prioritizes customer orientation and personalized consultation. The company will continue to pursue its path and meet the challenges of the industry in the future. Erie Indemnity is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Erie Indemnity stock

Interest Coverage Ratio of Erie Indemnity is 9.22 in 2024.

Interest Coverage Ratio of Erie Indemnity changed from 14.27 to 9.22, representing a -35.41% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Erie Indemnity since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Erie Indemnity with sector peers and the industry average to assess whether it is attractive.

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Leverage — Erie Indemnity

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