ERIE Q1 2021 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q1 2021 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$630M+2.2% YoY

Gross Profit

$76M12.1% margin

Operating Income

$76M12.1% margin

Net Income

$74M11.7% margin

EPS (Diluted)

$1.41

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$22M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$891M

Stockholders' Equity

$1.2B

Cash & Equivalents

$135M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$630M	$617M	+2.2%
Gross Profit	$76M	$86M	-11.2%
Operating Income	$76M	$86M	-11.2%
Net Income	$74M	$59M	+24.0%

Revenue Segments

Service Agreement

$6M100%