ERIE Q3 2024 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q3 2024 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$1000M+16.4% YoY

Gross Profit

$180M18.0% margin

Operating Income

$180M18.0% margin

Net Income

$160M16.0% margin

EPS (Diluted)

$3.06

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

$199M

Free Cash Flow

$171M

Stock-Based Comp.

-$16M

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$916M

Stockholders' Equity

$1.9B

Cash & Equivalents

$198M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1000M	$859M	+16.4%
Gross Profit	$180M	$148M	+21.3%
Operating Income	$180M	$148M	+21.3%
Net Income	$160M	$131M	+22.0%

Revenue Segments

Policy Issuance and Renewal Services

$769M99%

Service Agreement

$7M1%