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Erie Indemnity vs Willis Towers Watson: revenue, profit, margins and growth compared

Erie Indemnity brought in $4.1B of revenue in fiscal 2025, Willis Towers Watson $9.7B in fiscal 2025. Revenue changed by +7.2% at Erie Indemnity and -2.2% at Willis Towers Watson on the year before, so Erie Indemnity grew faster. Erie Indemnity kept 13.8% of its revenue as net profit, Willis Towers Watson 16.5%. Free cash flow was $571M at Erie Indemnity and $1.5B at Willis Towers Watson.

Side by side, latest fiscal year

ERIEWTW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.1B$9.7B
Revenue growth+7.2%-2.2%
Net income$559.3M$1.6B
Net margin13.8%16.5%
Free cash flow$571M$1.5B
Free cash flow margin14.0%15.9%
Earnings per share (diluted)n/a$16.26
Cash$345.9M$3.1B
Debtn/a$9.7B
Price to earningsn/a18.1
Market value$10.3B$27.3B
Dividend yieldn/a1.25%
Rank by revenue in sector#108 of 444 · Finance#62 of 444 · Finance

Over the years

Revenue
ERIE FY2018: $2.4BERIE FY2019: $2.5BERIE FY2020: $2.5BERIE FY2021: $2.6BERIE FY2022: $2.8BERIE FY2023: $3.3BERIE FY2024: $3.8BERIE FY2025: $4.1BWTW FY2018: $8.5BWTW FY2019: $8.4BWTW FY2020: $8.6BWTW FY2021: $9BWTW FY2021: $8.9BWTW FY2023: $9.5BWTW FY2024: $9.9BWTW FY2025: $9.7BFY18FY19FY20FY21FY22FY23FY24FY25
ERIE $4.1BWTW $9.7B
Net income
ERIE FY2018: $288.2MERIE FY2019: $316.8MERIE FY2020: $293.3MERIE FY2021: $297.9MERIE FY2022: $298.6MERIE FY2023: $446.1MERIE FY2024: $600.3MERIE FY2025: $559.3MWTW FY2018: $695MWTW FY2019: $1BWTW FY2020: $996MWTW FY2021: $4.2BWTW FY2021: $1BWTW FY2023: $1.1BWTW FY2024: -$98MWTW FY2025: $1.6BFY18FY19FY20FY21FY22FY23FY24FY25
ERIE $559.3MWTW $1.6B
Net margin
ERIE FY2018: 12.1%ERIE FY2019: 12.8%ERIE FY2020: 11.6%ERIE FY2021: 11.3%ERIE FY2022: 10.5%ERIE FY2023: 13.6%ERIE FY2024: 15.8%ERIE FY2025: 13.8%WTW FY2018: 8.2%WTW FY2019: 12.5%WTW FY2020: 11.6%WTW FY2021: 46.9%WTW FY2021: 11.4%WTW FY2023: 11.1%WTW FY2024: -1.0%WTW FY2025: 16.5%FY18FY19FY20FY21FY22FY23FY24FY25
ERIE 13.8%WTW 16.5%
Revenue growth
ERIE FY2019: +4.0%ERIE FY2020: +2.4%ERIE FY2021: +3.8%ERIE FY2022: +7.8%ERIE FY2023: +15.1%ERIE FY2024: +16.1%ERIE FY2025: +7.2%WTW FY2019: -1.7%WTW FY2020: +2.9%WTW FY2021: +4.4%WTW FY2021: -1.5%WTW FY2023: +7.0%WTW FY2024: +4.7%WTW FY2025: -2.2%FY19FY20FY21FY22FY23FY24FY25
ERIE +7.2%WTW -2.2%
Free cash flow
ERIE FY2018: $207.3MERIE FY2019: $262.5MERIE FY2020: $287.1MERIE FY2021: $254MERIE FY2022: $298.9MERIE FY2023: $288.6MERIE FY2024: $486.4MERIE FY2025: $571MWTW FY2018: $1BWTW FY2023: $1.1BWTW FY2024: $1.3BWTW FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
ERIE $571MWTW $1.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Erie Indemnity and Willis Towers Watson

Which is bigger by revenue, Erie Indemnity or Willis Towers Watson?

Willis Towers Watson is bigger by revenue: $9.7B in fiscal 2025, against $4.1B for Erie Indemnity in fiscal 2025.

Which keeps more of its revenue as profit, Erie Indemnity or Willis Towers Watson?

Erie Indemnity had a net margin of 13.8% in fiscal 2025; Willis Towers Watson had 16.5% in fiscal 2025.

Which grew revenue faster, Erie Indemnity or Willis Towers Watson?

In their latest fiscal years revenue changed by +7.2% at Erie Indemnity and -2.2% at Willis Towers Watson.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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