ERIE Q1 2024 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q1 2024 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$881M+17.0% YoY

Gross Profit

$139M15.8% margin

Operating Income

$139M15.8% margin

Net Income

$125M14.1% margin

EPS (Diluted)

$2.38

QoQ Revenue Growth

+7.7%

Cash Flow

Operating Cash Flow

$87M

Free Cash Flow

$65M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$830M

Stockholders' Equity

$1.7B

Cash & Equivalents

$132M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$881M	$752M	+17.0%
Gross Profit	$139M	$111M	+25.6%
Operating Income	$139M	$111M	+25.6%
Net Income	$125M	$86M	+44.4%

Revenue Segments

Policy Issuance and Renewal Services

$666M99%

Service Agreement

$7M1%