ERIE Q2 2024 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q2 2024 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$990M+17.9% YoY

Gross Profit

$190M19.2% margin

Operating Income

$190M19.2% margin

Net Income

$164M16.5% margin

EPS (Diluted)

$3.13

QoQ Revenue Growth

+12.5%

Cash Flow

Operating Cash Flow

$131M

Free Cash Flow

$103M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$863M

Stockholders' Equity

$1.8B

Cash & Equivalents

$157M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$990M	$840M	+17.9%
Gross Profit	$190M	$134M	+41.8%
Operating Income	$190M	$134M	+41.8%
Net Income	$164M	$118M	+39.1%

Revenue Segments

Policy Issuance and Renewal Services

$761M99%

Service Agreement

$6M1%