ERIE Q3 2023 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q3 2023 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$859M+15.9% YoY

Gross Profit

$148M17.3% margin

Operating Income

$148M17.3% margin

Net Income

$131M15.3% margin

EPS (Diluted)

$2.51

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$53M

Free Cash Flow

$26M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$783M

Stockholders' Equity

$1.6B

Cash & Equivalents

$103M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$859M	$741M	+15.9%
Gross Profit	$148M	$106M	+39.4%
Operating Income	$148M	$106M	+39.4%
Net Income	$131M	$84M	+55.4%

Revenue Segments

Policy Issuance and Renewal Services

$649M99%

Service Agreement

$7M1%