ERIE Q1 2019 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q1 2019 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$594M+3.8% YoY

Gross Profit

$86M14.5% margin

Operating Income

$86M14.5% margin

Net Income

$75M12.7% margin

EPS (Diluted)

$1.44

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$7M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$786M

Stockholders' Equity

$1.0B

Cash & Equivalents

$312M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$594M	$572M	+3.8%
Gross Profit	$86M	$78M	+11.0%
Operating Income	$86M	$78M	+11.0%
Net Income	$75M	$66M	+14.5%

Revenue Segments

Policy Issuance and Renewal Services

$431M100%