Erie Indemnity Company (ERIE)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	3,973	3,795	3,269	2,840	2,634	2,536
Revenue	3,973	3,795	3,269	2,840	2,634	2,536
Revenue Growth (YoY)	12.00%	16.10%	15.10%	7.83%	3.84%	2.39%
Cost of Revenue	3,275	3,119	2,749	2,464	2,316	2,198
Gross Profit	697.98	676.46	520.26	376.21	318.1	338.16
Selling, General & Admin	-27.02	-33.35	-32.56	-6.03	4.08	1.64
Operating Expenses	-27.02	-33.35	-32.56	-6.03	4.08	1.64
Operating Income	725	709.81	552.82	382.24	314.01	336.52
Interest Expense	-	-	-	-2.01	-4.13	-0.73
Interest & Investment Income	78.22	70.16	44.57	28.59	62.18	29.75
Other Non Operating Income (Expenses)	-16.35	-21.79	-19.85	-4.42	-0.81	-0.14
EBT Excluding Unusual Items	786.87	758.17	577.54	404.41	371.25	365.4
Gain (Loss) on Sale of Investments	1.27	-0.9	-15.6	-27.95	5.16	3.11
Pretax Income	788.14	757.28	561.94	376.45	376.4	368.52
Income Tax Expense	163.18	156.97	115.88	77.88	78.54	75.21
Earnings From Continuing Operations	624.96	600.31	446.06	298.57	297.86	293.3
Net Income	624.96	600.31	446.06	298.57	297.86	293.3
Net Income to Common	624.96	600.31	446.06	298.57	297.86	293.3
Net Income Growth	17.82%	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)	11.95	11.48	8.53	5.71	5.70	5.61
EPS (Diluted)	11.95	11.48	8.53	5.71	5.69	5.61
EPS Growth	17.80%	34.58%	49.39%	0.35%	1.49%	-7.46%
Free Cash Flow	564.04	486.4	288.56	298.95	253.99	287.07
Free Cash Flow Per Share	10.78	9.30	5.52	5.72	4.86	5.49
Dividend Per Share	5.370	5.190	4.845	4.520	4.215	3.930
Dividend Growth	7.08%	7.12%	7.19%	7.24%	7.25%	7.23%
Gross Margin	17.57%	17.82%	15.92%	13.25%	12.08%	13.33%
Operating Margin	18.25%	18.70%	16.91%	13.46%	11.92%	13.27%
Profit Margin	15.73%	15.82%	13.64%	10.51%	11.31%	11.56%
Free Cash Flow Margin	14.19%	12.82%	8.83%	10.53%	9.64%	11.32%
EBITDA	786.09	766.34	600.23	428.41	351.22	357.72
EBITDA Margin	19.78%	20.19%	18.36%	15.08%	13.33%	14.10%
D&A For EBITDA	61.09	56.53	47.42	46.17	37.21	21.2
EBIT	725	709.81	552.82	382.24	314.01	336.52
EBIT Margin	18.25%	18.70%	16.91%	13.46%	11.92%	13.27%
Effective Tax Rate	20.71%	20.73%	20.62%	20.69%	20.87%	20.41%
Revenue as Reported	3,973	3,795	3,269	2,840	2,634	2,536

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q