ERIE Q4 2022 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q4 2022 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$701M+10.2% YoY

Gross Profit

$81M11.6% margin

Operating Income

$81M11.6% margin

Net Income

$65M9.3% margin

EPS (Diluted)

$1.24

QoQ Revenue Growth

-5.5%

Cash Flow

Operating Cash Flow

$128M

Free Cash Flow

$112M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$791M

Stockholders' Equity

$1.4B

Cash & Equivalents

$142M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$701M	$636M	+10.2%
Gross Profit	$81M	$62M	+31.7%
Operating Income	$81M	$62M	+31.7%
Net Income	$65M	$55M	+19.0%

Revenue Segments

Service Agreement

$7M100%