ERIE Q2 2023 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q2 2023 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$840M+15.7% YoY

Gross Profit

$134M16.0% margin

Operating Income

$134M16.0% margin

Net Income

$118M14.0% margin

EPS (Diluted)

$2.25

QoQ Revenue Growth

+11.6%

Cash Flow

Operating Cash Flow

$132M

Free Cash Flow

$106M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$781M

Stockholders' Equity

$1.5B

Cash & Equivalents

$143M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$840M	$726M	+15.7%
Gross Profit	$134M	$104M	+29.0%
Operating Income	$134M	$104M	+29.0%
Net Income	$118M	$80M	+47.0%

Revenue Segments

Service Agreement

$6M100%