Erie Indemnity Company (ERIE)

Erie Indemnity Company Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,397	3,269	2,840	2,634	2,536	2,477
Revenue Growth (YoY)	16.32%	15.10%	7.83%	3.84%	2.39%	3.99%
Cost of Revenue	2,849	2,749	2,464	2,316	2,198	2,120
Gross Profit	548.53	520.26	376.21	318.1	338.16	357.34
Operating Income	548.53	520.26	376.21	318.1	338.16	357.34
Interest Expense / Income	0	0	2.01	4.13	0.73	0.86
Other Expense / Income	-61.57	-41.68	-2.25	-62.44	-31.09	-40.22
Pretax Income	610.09	561.94	376.45	376.4	368.52	396.71
Income Tax	125.72	115.88	77.88	78.54	75.21	79.88
Net Income	484.37	446.06	298.57	297.86	293.3	316.82
Net Income Growth	53.19%	49.40%	0.24%	1.55%	-7.42%	9.92%
Shares Outstanding (Basic)	46	46	46	46	46	46
Shares Outstanding (Diluted)	52	52	52	52	52	52
Shares Change	0.01%	0.00%	-0.02%	-0.01%	-0.01%	0.01%
EPS (Basic)	10.39	9.58	6.41	6.40	6.30	6.80
EPS (Diluted)	9.26	8.53	5.71	5.69	5.61	6.06
EPS Growth	53.31%	49.39%	0.35%	1.43%	-7.43%	9.98%
Free Cash Flow	324.42	288.56	299.21	253.99	287.08	263.27
Free Cash Flow Per Share	7.02	6.25	6.48	5.50	6.21	5.70
Dividend Per Share	4.845	4.760	4.440	4.140	5.860	3.600
Dividend Growth	7.19%	7.21%	7.25%	-29.35%	62.78%	7.14%
Gross Margin	16.15%	15.92%	13.25%	12.08%	13.33%	14.42%
Operating Margin	16.15%	15.92%	13.25%	12.08%	13.33%	14.42%
Profit Margin	14.26%	13.65%	10.51%	11.31%	11.56%	12.79%
Free Cash Flow Margin	9.55%	8.83%	10.54%	9.64%	11.32%	10.63%
Effective Tax Rate	20.61%	20.62%	20.69%	20.87%	20.41%	20.14%
EBITDA	610.09	561.94	378.46	380.54	369.25	397.56
EBITDA Margin	17.96%	17.19%	13.33%	14.45%	14.56%	16.05%
EBIT	610.09	561.94	378.46	380.54	369.25	397.56
EBIT Margin	17.96%	17.19%	13.33%	14.45%	14.56%	16.05%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).