ERIE Q1 2022 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q1 2022 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$672M+6.7% YoY

Gross Profit

$84M12.5% margin

Operating Income

$84M12.5% margin

Net Income

$69M10.2% margin

EPS (Diluted)

$1.31

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$8M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$890M

Stockholders' Equity

$1.3B

Cash & Equivalents

$141M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$672M	$630M	+6.7%
Gross Profit	$84M	$76M	+10.8%
Operating Income	$84M	$76M	+10.8%
Net Income	$69M	$74M	-6.7%

Revenue Segments

Service Agreement

$6M100%