ERIE Q4 2023 Earnings — Erie Indemnity Company Revenue & Financial Results | Market Cap Arena

ERIEErie Indemnity Company

$11B

Q4 2023 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$818M+16.7% YoY

Gross Profit

$127M15.5% margin

Operating Income

$127M15.5% margin

Net Income

$111M13.6% margin

EPS (Diluted)

$2.11

QoQ Revenue Growth

-4.8%

Cash Flow

Operating Cash Flow

$148M

Free Cash Flow

$128M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$809M

Stockholders' Equity

$1.7B

Cash & Equivalents

$144M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$818M	$701M	+16.7%
Gross Profit	$127M	$81M	+56.1%
Operating Income	$127M	$81M	+56.1%
Net Income	$111M	$65M	+69.4%

Revenue Segments

Policy Issuance and Renewal Services

$1.8B100%

Service Agreement

$7M0%