FMP
Erie Indemnity Company
ERIE
NASDAQ
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.
402 USD
21.49 (5.35%)
ERIE Financial Statements
Year
2024
2023
2022
2021
Total Revenue
3.8B
3.27B
2.84B
2.7B
Cost of Revenue
0
2.75B
2.46B
2.32B
Gross Profit
3.8B
520.26M
376.85M
385.43M
Operating Expenses
3.12B
0
-2.46B
-2.99B
Research and Development
0
0
0.13
0.14
Selling, General & Administrative Expenses
68.36M
737.14M
6.03M
4.08M
Selling & Marketing Expenses
0
0
-662.24M
-634.4M
General & Administrative Expenses
68.36M
737.14M
668.27M
638.48M
Other Expenses
3.05B
0
-2.46B
-2.99B
Operating Income
676.46M
520.26M
378.46M
-286.12M
Total Other Income/Expenses Net
80.82M
41.68M
238k
58.31M
Income Before Tax
757.28M
561.94M
376.45M
376.4M
Income Tax
156.97M
115.88M
77.88M
78.54M
Net Income
600.31M
446.06M
298.57M
297.86M
Basic EPS
12.89
9.66
6.41
6.4
EPS Diluted
11.48
9.66
5.67
5.65
Basic Average Shares
46.19M
46.19M
46.57M
46.57M
Diluted Average Shares
52.31M
46.19M
52.68M
52.69M
EBITDA
676.46M
600.23M
430.18M
318.1M
Retained Earning Schedule
Year
2024
2023
2022
2021
Retained Earnings (Previous Year)
2.8B
2.58B
2.5B
2.39B
Net Income
600.31M
446.06M
298.57M
297.86M
Stock Repurchases
0
0
0
0
Dividend Paid
-237.51M
-221.68M
-206.77M
-192.8M
Retained Earnings
3.16B
2.8B
2.58B
2.5B
Other Distributions
121.11M
-1.25M
-118.7M
-91.23M
PPE Schedule
Year
2024
2023
2022
2021
Gross PPE
513.49M
442.61M
413.87M
374.8M
Annual Depreciation
63.91M
53.59M
2.48B
2.32B
Capital Expenditure
-124.84M
-92.65M
-67.2M
-148.8M
Net PPE
574.43M
481.67M
-1.99B
-1.79B
Intangible and Goodwill Schedule
Year
2024
2023
2022
2021
Acquisitions and Adjustments
-38.64M
-4.14M
-4.82M
-7.18M
Goodwill (Previous Year)
38.64M
42.78M
47.59M
54.77M
Goodwill
0
38.64M
42.78M
47.59M
All figures are in USD.
