ERIE Q2 2022 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q2 2022 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$726M+6.8% YoY

Gross Profit

$104M14.3% margin

Operating Income

$104M14.3% margin

Net Income

$80M11.0% margin

EPS (Diluted)

$1.53

QoQ Revenue Growth

+8.0%

Cash Flow

Operating Cash Flow

$83M

Free Cash Flow

$70M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$841M

Stockholders' Equity

$1.3B

Cash & Equivalents

$90M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$726M	$680M	+6.8%
Gross Profit	$104M	$85M	+22.3%
Operating Income	$104M	$85M	+22.3%
Net Income	$80M	$79M	+1.4%

Revenue Segments

Service Agreement

$6M100%