ERIE Q1 2020 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q1 2020 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$617M+3.8% YoY

Gross Profit

$86M13.9% margin

Operating Income

$86M13.9% margin

Net Income

$59M9.6% margin

EPS (Diluted)

$1.13

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

-$1M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$841M

Stockholders' Equity

$1.1B

Cash & Equivalents

$229M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$617M	$594M	+3.8%
Gross Profit	$86M	$86M	-0.5%
Operating Income	$86M	$86M	-0.5%
Net Income	$59M	$75M	-21.2%

Revenue Segments

Policy Issuance and Renewal Services

$444M100%