ERIE Q2 2019 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q2 2019 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$648M+4.2% YoY

Gross Profit

$97M14.9% margin

Operating Income

$97M14.9% margin

Net Income

$88M13.5% margin

EPS (Diluted)

$1.68

QoQ Revenue Growth

+9.0%

Cash Flow

Operating Cash Flow

$90M

Free Cash Flow

$73M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$826M

Stockholders' Equity

$1.1B

Cash & Equivalents

$338M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$648M	$621M	+4.2%
Gross Profit	$97M	$95M	+1.4%
Operating Income	$97M	$95M	+1.4%
Net Income	$88M	$80M	+10.1%

Revenue Segments

Policy Issuance and Renewal Services

$481M100%