Erie Indemnity Company (FRA:EI2)

Erie Indemnity Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,040	3,795	3,269	2,840	2,634	2,536
Revenue	4,040	3,795	3,269	2,840	2,634	2,536
Revenue Growth (YoY)	9.53%	16.10%	15.10%	7.83%	3.84%	2.39%
Cost of Revenue	3,314	3,119	2,749	2,464	2,316	2,198
Gross Profit	726.78	676.46	520.26	376.21	318.1	338.16
Selling, General & Admin	-24.33	-33.35	-32.56	-6.03	4.08	1.64
Operating Expenses	-24.33	-33.35	-32.56	-6.03	4.08	1.64
Operating Income	751.11	709.81	552.82	382.24	314.01	336.52
Interest Expense	-	-	-	-2.01	-4.13	-0.73
Interest & Investment Income	81.93	70.16	44.57	28.59	62.18	29.75
Other Non Operating Income (Expenses)	-12.54	-21.79	-19.85	-4.42	-0.81	-0.14
EBT Excluding Unusual Items	820.5	758.17	577.54	404.41	371.25	365.4
Gain (Loss) on Sale of Investments	-0.44	-0.9	-15.6	-27.95	5.16	3.11
Pretax Income	820.06	757.28	561.94	376.45	376.4	368.52
Income Tax Expense	172.08	156.97	115.88	77.88	78.54	75.21
Earnings From Continuing Operations	647.98	600.31	446.06	298.57	297.86	293.3
Net Income	647.98	600.31	446.06	298.57	297.86	293.3
Net Income to Common	647.98	600.31	446.06	298.57	297.86	293.3
Net Income Growth	15.87%	34.58%	49.40%	0.24%	1.55%	-7.42%
Shares Outstanding (Basic)	52	52	52	52	52	52
Shares Outstanding (Diluted)	52	52	52	52	52	52
Shares Change (YoY)	0.01%	0.01%	0.00%	-0.02%	-0.01%	-0.01%
EPS (Basic)	12.39	11.48	8.53	5.71	5.70	5.61
EPS (Diluted)	12.39	11.48	8.53	5.71	5.69	5.61
EPS Growth	15.90%	34.58%	49.39%	0.35%	1.49%	-7.46%
Free Cash Flow	576.99	486.4	288.56	298.95	253.99	287.07
Free Cash Flow Per Share	11.03	9.30	5.52	5.72	4.86	5.49
Dividend Per Share	5.460	5.190	4.845	4.520	4.215	3.930
Dividend Growth	7.06%	7.12%	7.19%	7.24%	7.25%	7.23%
Gross Margin	17.99%	17.82%	15.92%	13.25%	12.08%	13.33%
Operating Margin	18.59%	18.70%	16.91%	13.46%	11.92%	13.27%
Profit Margin	16.04%	15.82%	13.64%	10.51%	11.31%	11.56%
Free Cash Flow Margin	14.28%	12.82%	8.83%	10.53%	9.64%	11.32%
EBITDA	814.47	766.34	600.23	428.41	351.22	357.72
EBITDA Margin	20.16%	20.19%	18.36%	15.08%	13.33%	14.10%
D&A For EBITDA	63.37	56.53	47.42	46.17	37.21	21.2
EBIT	751.11	709.81	552.82	382.24	314.01	336.52
EBIT Margin	18.59%	18.70%	16.91%	13.46%	11.92%	13.27%
Effective Tax Rate	20.98%	20.73%	20.62%	20.69%	20.87%	20.41%
Revenue as Reported	4,040	3,795	3,269	2,840	2,634	2,536

Source: S&P Global Market Intelligence. Standard template. Financial Sources.