ERIE Q1 2023 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q1 2023 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$752M+12.0% YoY

Gross Profit

$111M14.7% margin

Operating Income

$111M14.7% margin

Net Income

$86M11.5% margin

EPS (Diluted)

$1.65

QoQ Revenue Growth

+7.4%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

$29M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$737M

Stockholders' Equity

$1.5B

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$752M	$672M	+12.0%
Gross Profit	$111M	$84M	+31.1%
Operating Income	$111M	$84M	+31.1%
Net Income	$86M	$69M	+25.7%

Revenue Segments

Service Agreement

$6M100%