• Erie Indemnity average price to free cash flow ratio for 2024 was 61, a 33.8% decline from 2023.
• Erie Indemnity average price to free cash flow ratio for 2023 was 45.59, a 6.57% increase from 2022.
• Erie Indemnity average price to free cash flow ratio for 2022 was 42.78, a 30.47% increase from 2021.

Price to free cash flow ratio can be defined as