ERIEErie Indemnity Company

$11B

Q2 2020 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$657M+1.4% YoY

Gross Profit

$91M13.9% margin

Operating Income

$91M13.9% margin

Net Income

$82M12.5% margin

EPS (Diluted)

$1.57

QoQ Revenue Growth

+6.5%

Cash Flow

Operating Cash Flow

$107M

Free Cash Flow

$91M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$889M

Stockholders' Equity

$1.2B

Cash & Equivalents

$258M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$657M	$648M	+1.4%
Gross Profit	$91M	$97M	-5.6%
Operating Income	$91M	$97M	-5.6%
Net Income	$82M	$88M	-6.6%

Revenue Segments

Service Agreement

$6M100%

ERIE Q2 2020 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena