ERIE vs. AJG

Last updated Apr 2, 2026

Compare and contrast key facts about Erie Indemnity Company (ERIE) and Arthur J. Gallagher & Co. (AJG).

Performance

ERIE vs. AJG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Erie Indemnity Company (ERIE) and Arthur J. Gallagher & Co. (AJG). The values are adjusted to include any dividend payments, if applicable.

ERIE vs. AJG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERIE Erie Indemnity Company	-13.39%	-29.40%	24.67%	37.35%	32.03%	-19.98%	52.39%	27.08%	12.54%	11.23%
AJG Arthur J. Gallagher & Co.	-16.15%	-8.03%	27.34%	20.51%	12.44%	39.02%	32.12%	31.79%	19.19%	25.04%

Fundamentals

EPS ERIE : $15.98 AJG : $6.15
PE Ratio ERIE : 15.45 AJG : 35.19
PEG Ratio ERIE : 0.72 AJG : 3.78
PS Ratio ERIE : 2.13 AJG : 4.32
Total Revenue (TTM) ERIE : $4.07B AJG : $13.03B
Gross Profit (TTM) ERIE : $796.81M AJG : $7.34B
EBITDA (TTM) ERIE : $776.91M AJG : $3.62B

Returns By Period

In the year-to-date period, ERIE achieves a -13.39% return, which is significantly higher than AJG's -16.15% return. Over the past 10 years, ERIE has underperformed AJG with an annualized return of 12.64%, while AJG has yielded a comparatively higher 19.05% annualized return.

ERIE

• 1D: -1.72%
• 1M: -7.41%
• YTD: -13.39%
• 6M: -20.09%
• 1Y: -38.88%
• 3Y*: 3.81%
• 5Y*: 3.90%
• 10Y*: 12.64%

AJG

• 1D: -0.11%
• 1M: -5.35%
• YTD: -16.15%
• 6M: -28.86%
• 1Y: -36.46%
• 3Y*: 5.16%
• 5Y*: 12.48%
• 10Y*: 19.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ERIE vs. AJG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ERIE

ERIE Risk / Return Rank: 5
ERIE Sharpe Ratio Rank: 2
ERIE Sortino Ratio Rank: 4
ERIE Omega Ratio Rank: 5
ERIE Calmar Ratio Rank: 6
ERIE Martin Ratio Rank: 8

AJG

AJG Risk / Return Rank: 4
AJG Sharpe Ratio Rank: 1
AJG Sortino Ratio Rank: 3
AJG Omega Ratio Rank: 4
AJG Calmar Ratio Rank: 7
AJG Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ERIE vs. AJG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Erie Indemnity Company (ERIE) and Arthur J. Gallagher & Co. (AJG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ERIE	AJG	Difference
Sharpe ratio Return per unit of total volatility	-1.22	-1.28	+0.07
Sortino ratio Return per unit of downside risk	-1.68	-1.76	+0.08
Omega ratio Gain probability vs. loss probability	0.79	0.77	+0.02
Calmar ratio Return relative to maximum drawdown	-0.92	-0.90	-0.02
Martin ratio Return relative to average drawdown	-1.54	-1.66	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ERIE vs. AJG - Sharpe Ratio Comparison

The current ERIE Sharpe Ratio is -1.22, which is comparable to the AJG Sharpe Ratio of -1.28. The chart below compares the historical Sharpe Ratios of ERIE and AJG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ERIE	AJG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.22	-1.28	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.56	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.84	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.47	-0.22

Correlation

The correlation between ERIE and AJG is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ERIE vs. AJG - Dividend Comparison

ERIE's dividend yield for the trailing twelve months is around 2.25%, more than AJG's 1.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ERIE Erie Indemnity Company	2.25%	1.90%	1.24%	1.42%	1.79%	2.15%	2.39%	2.17%	2.52%	2.57%	1.95%	3.61%
AJG Arthur J. Gallagher & Co.	1.22%	1.00%	0.85%	0.98%	1.08%	1.13%	1.46%	1.81%	2.23%	2.47%	2.93%	3.62%

Drawdowns

ERIE vs. AJG - Drawdown Comparison

The maximum ERIE drawdown since its inception was -78.28%, which is greater than AJG's maximum drawdown of -57.49%. Use the drawdown chart below to compare losses from any high point for ERIE and AJG.

Drawdown Indicators

	ERIE	AJG	Difference
Max Drawdown Largest peak-to-trough decline	-78.28%	-57.49%	-20.79%
Max Drawdown (1Y) Largest decline over 1 year	-43.55%	-40.88%	-2.67%
Max Drawdown (5Y) Largest decline over 5 years	-55.67%	-40.88%	-14.79%
Max Drawdown (10Y) Largest decline over 10 years	-55.67%	-40.88%	-14.79%
Current Drawdown Current decline from peak	-53.63%	-37.36%	-16.27%
Average Drawdown Average peak-to-trough decline	-33.42%	-12.71%	-20.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.95%	22.11%	+3.84%

Volatility

ERIE vs. AJG - Volatility Comparison

Erie Indemnity Company (ERIE) and Arthur J. Gallagher & Co. (AJG) have volatilities of 9.01% and 9.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ERIE	AJG	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	9.13%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	22.17%	22.20%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	32.14%	28.52%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.70%	22.55%	+6.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.81%	22.83%	+5.98%

Financials

ERIE vs. AJG - Profitability Comparison

The chart below illustrates the profitability comparison between Erie Indemnity Company and Arthur J. Gallagher & Co. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ERIE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Erie Indemnity Company reported a gross profit of 0.00 and revenue of 713.69M. Therefore, the gross margin over that period was 0.0%.

AJG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Arthur J. Gallagher & Co. reported a gross profit of 3.05B and revenue of 3.37B. Therefore, the gross margin over that period was 90.6%.

ERIE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Erie Indemnity Company reported an operating income of 156.38M and revenue of 713.69M, resulting in an operating margin of 21.9%.

AJG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Arthur J. Gallagher & Co. reported an operating income of 536.60M and revenue of 3.37B, resulting in an operating margin of 15.9%.

ERIE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Erie Indemnity Company reported a net income of 63.38M and revenue of 713.69M, resulting in a net margin of 8.9%.

AJG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Arthur J. Gallagher & Co. reported a net income of 272.70M and revenue of 3.37B, resulting in a net margin of 8.1%.