ERIE
Income statement / Annual
Last year (2023), Erie Indemnity Company's total revenue was $3.27 B,
an increase of 15.07% from the previous year.
In 2023, Erie Indemnity Company's net income was $446.06 M.
See Erie Indemnity Company’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$3.27 B
|
$2.84 B
|
$2.70 B
|
$2.57 B
|
$2.52 B
|
$2.41 B
|
$1.72 B
|
$1.62 B
|
$1.52 B
|
$6.01 B
|
| Cost of Revenue |
$2.75 B |
$2.46 B |
$2.32 B |
$2.20 B |
$2.12 B |
$2.04 B |
$1.40 B |
$908.95 M |
$864.34 M |
$5.29 B |
| Gross Profit |
$520.26 M |
$376.85 M |
$385.43 M |
$371.02 M |
$396.65 M |
$370.96 M |
$316.01 M |
$708.48 M |
$657.89 M |
$717.00 M |
| Gross Profit Ratio |
0.16 |
0.13 |
0.14 |
0.14 |
0.16 |
0.15 |
0.18 |
0.44 |
0.43 |
0.12 |
| Research and Development
Expenses |
$0.00
|
$0.13
|
$0.14
|
$0.15
|
$0.16
|
$0.16
|
$0.19
|
$0.20
|
$0.00
|
$7.00 M
|
| General & Administrative
Expenses |
$737.14 M
|
$668.27 M
|
$638.48 M
|
$609.44 M
|
$0.00
|
$0.00
|
$240.18 M
|
$213.36 M
|
$226.71 M
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
-$662.24 M
|
-$634.40 M
|
-$607.80 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$737.14 M
|
$6.03 M
|
$4.08 M
|
$1.64 M
|
$1.67 M
|
$0.12
|
$240.18 M
|
$213.36 M
|
$226.71 M
|
$0.00
|
| Other Expenses |
$0.00 |
-$2.46 B |
-$2.99 B |
-$2.84 B |
-$2.73 B |
-$2.04 B |
-$1.64 B |
-$1.51 B |
-$1.48 B |
-$5.59 B |
| Operating Expenses |
$0.00 |
-$2.46 B |
-$2.99 B |
-$2.84 B |
-$2.73 B |
-$2.04 B |
-$1.40 B |
-$1.30 B |
-$1.26 B |
-$5.59 B |
| Cost And Expenses |
$2.75 B |
$2.46 B |
$2.32 B |
$2.20 B |
$2.12 B |
$2.04 B |
$1.40 B |
$1.30 B |
$1.26 B |
$5.18 B |
| Interest Income |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$0.00 |
$2.01 M |
$4.13 M |
$731,000.00 |
$856,000.00 |
$2.46 M |
$1.24 M |
$101,000.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$53.59 M
|
$2.48 B
|
$2.32 B
|
$2.19 B
|
$2.12 B
|
$2.04 B
|
$1.40 B
|
$1.30 B
|
$16.46 M
|
$16.00 M
|
| EBITDA |
$600.23 M
|
$430.18 M
|
$318.10 M
|
$338.16 M
|
-$212.93 M
|
$373.78 M
|
$316.93 M
|
$320.19 M
|
$266.25 M
|
$846.00 M
|
| EBITDA Ratio |
0.18 |
0.15 |
-0.11 |
-0.1 |
-0.08 |
0.16 |
0.18 |
0.2 |
0.17 |
0.07 |
| Operating Income Ratio
|
0.16
|
0.13
|
-0.11
|
-0.1
|
-0.08
|
0.16
|
0.18
|
0.2
|
0.17
|
0.07
|
| Total Other
Income/Expenses Net |
$41.68 M
|
$238,000.00
|
$58.31 M
|
$30.36 M
|
$609.64 M
|
-$2.46 M
|
-$1.24 M
|
-$101,000.00
|
$33.71 M
|
-$4.00 M
|
| Income Before Tax |
$561.94 M |
$376.45 M |
$376.40 M |
$368.52 M |
$396.71 M |
$371.32 M |
$315.70 M |
$320.09 M |
$266.25 M |
$830.00 M |
| Income Before Tax Ratio
|
0.17
|
0.13
|
0.14
|
0.14
|
0.16
|
0.15
|
0.18
|
0.2
|
0.17
|
0.14
|
| Income Tax Expense |
$115.88 M |
$77.88 M |
$78.54 M |
$75.21 M |
$79.88 M |
$83.10 M |
$118.70 M |
$109.73 M |
$91.57 M |
$257.00 M |
| Net Income |
$446.06 M |
$298.57 M |
$297.86 M |
$293.30 M |
$316.82 M |
$288.22 M |
$197.00 M |
$210.37 M |
$174.68 M |
$168.00 M |
| Net Income Ratio |
0.14 |
0.11 |
0.11 |
0.11 |
0.13 |
0.12 |
0.11 |
0.13 |
0.11 |
0.03 |
| EPS |
9.66 |
6.41 |
6.4 |
6.3 |
6.8 |
4.93 |
4.23 |
4.52 |
3.75 |
3.59 |
| EPS Diluted |
9.66 |
5.67 |
5.65 |
5.57 |
6.01 |
4.93 |
3.76 |
4.01 |
3.33 |
3.18 |
| Weighted Average Shares
Out |
$46.19 M
|
$46.57 M
|
$46.57 M
|
$46.57 M
|
$46.57 M
|
$58.42 M
|
$52.29 M
|
$52.29 M
|
$52.29 M
|
$52.35 M
|
| Weighted Average Shares
Out Diluted |
$46.19 M
|
$52.68 M
|
$52.69 M
|
$52.69 M
|
$52.70 M
|
$58.42 M
|
$58.44 M
|
$58.54 M
|
$58.60 M
|
$58.72 M
|
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