ERIE Q1 2018 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q1 2018 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$572M+43.3% YoY

Gross Profit

$78M13.6% margin

Operating Income

$78M13.6% margin

Net Income

$66M11.5% margin

EPS (Diluted)

$1.26

QoQ Revenue Growth

+42.5%

Cash Flow

Operating Cash Flow

-$40M

Free Cash Flow

-$49M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$733M

Stockholders' Equity

$840M

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$572M	$399M	+43.3%
Gross Profit	$78M	$67M	+15.9%
Operating Income	$78M	$67M	+15.9%
Net Income	$66M	$48M	+37.4%

Revenue Segments

Policy Issuance and Renewal Services

$351M54%

Administrative Services

$305M46%