• Erie Indemnity average current ratio for 2023 was 1.4, a 2.94% increase from 2022.
• Erie Indemnity average current ratio for 2022 was 1.36, a 12.82% increase from 2021.
• Erie Indemnity average current ratio for 2021 was 1.56, a 8.77% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.