ERIE INDEMNITY CO Earnings Per Share Disclosure
| (dollars in thousands, except per share data) | For the years ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allocated net income (numerator) | Weighted shares (denominator) | Per- share amount | Allocated net income (numerator) | Weighted shares (denominator) | Per- share amount | Allocated net income (numerator) | Weighted shares (denominator) | Per- share amount | ||||||||||||||||||||||||||||||||||||||||||||||||
| Class A – Basic EPS: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income available to Class A stockholders | $ | 554,755 | 46,189,024 | $ | 12.01 | $ | 595,399 | 46,189,044 | $ | 12.89 | $ | 442,409 | 46,188,981 | $ | 9.58 | |||||||||||||||||||||||||||||||||||||||||
Dilutive effect of stock-based awards | 0 | 15,600 | — | 0 | 16,422 | — | 0 | 9,630 | — | |||||||||||||||||||||||||||||||||||||||||||||||
Assumed conversion of Class B shares | 4,580 | 6,100,800 | — | 4,915 | 6,100,800 | — | 3,652 | 6,100,800 | — | |||||||||||||||||||||||||||||||||||||||||||||||
| Class A – Diluted EPS: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income available to Class A stockholders on Class A equivalent shares | $ | 559,335 | 52,305,424 | $ | 10.69 | $ | 600,314 | 52,306,266 | $ | 11.48 | $ | 446,061 | 52,299,411 | $ | 8.53 | |||||||||||||||||||||||||||||||||||||||||
Class B – Basic EPS: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income available to Class B stockholders | $ | 4,580 | 2,542 | $ | 1,802 | $ | 4,915 | 2,542 | $ | 1,934 | $ | 3,652 | 2,542 | $ | 1,437 | |||||||||||||||||||||||||||||||||||||||||
Class B – Diluted EPS: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income available to Class B stockholders | $ | 4,579 | 2,542 | $ | 1,801 | $ | 4,914 | 2,542 | $ | 1,933 | $ | 3,652 | 2,542 | $ | 1,437 | |||||||||||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2020 | Feb 25, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.