Erie Indemnity (ERIE) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
3.9B
Net Income
600.3M
15.54%
EPS (Diluted)
$11.48
Balance Sheet Metrics
Total Assets
2.9B
Total Liabilities
901.4M
Shareholders Equity
2.0B
Debt to Equity
0.45
Cash Flow Metrics
Operating Cash Flow
486.1M
Free Cash Flow
486.4M
Revenue & Profitability Trend
Erie Indemnity Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 3.9B | 3.3B | 2.9B | 2.7B | 2.6B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | 794.8M | 724.4M | 666.7M | 643.4M | 611.2M |
| Operating Income | - | - | - | - | - |
| Pre-tax Income | 757.3M | 561.9M | 376.5M | 376.4M | 368.5M |
| Income Tax | 157.0M | 115.9M | 77.9M | 78.5M | 75.2M |
| Net Income | 600.3M | 446.1M | 298.6M | 297.9M | 293.3M |
| EPS (Diluted) | $11.48 | $8.53 | $5.71 | $5.69 | $5.61 |
Income Statement Trend
Erie Indemnity Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | - | - | - | - | - |
| Non-Current Assets | - | - | - | - | - |
| Total Assets | 2.9B | - | - | - | - |
| Liabilities | |||||
| Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 901.4M | - | - | - | - |
| Equity | |||||
| Total Shareholders Equity | 2.0B | 1.7B | 1.4B | 1.3B | 1.2B |
Balance Sheet Composition
Erie Indemnity Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 600.3M | 446.1M | 298.6M | 297.9M | 293.3M |
| Operating Cash Flow | 486.1M | 263.5M | 297.2M | 351.3M | 297.5M |
| Investing Activities | |||||
| Capital Expenditures | -124.8M | -92.6M | -66.9M | -148.8M | -55.5M |
| Investing Cash Flow | -200.6M | -145.7M | -103.8M | -188.5M | -240.6M |
| Financing Activities | |||||
| Dividends Paid | -237.5M | -221.7M | -206.8M | -192.8M | -272.9M |
| Financing Cash Flow | -237.5M | -221.7M | -355.8M | -194.8M | -274.9M |
| Free Cash Flow | 486.4M | 288.6M | 298.9M | 254.0M | 287.1M |
Cash Flow Trend
Erie Indemnity Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
30.40
Forward P/E
26.63
Price to Book
9.03
Price to Sales
4.78
PEG Ratio
26.63
Profitability Ratios
Profit Margin
15.73%
Operating Margin
15.92%
Return on Equity
32.38%
Return on Assets
16.29%
Financial Health
Current Ratio
1.38
Debt to Equity
0.62
Beta
0.36
Per Share Data
EPS (TTM)
$11.74
Book Value per Share
$39.54
Revenue per Share
$74.66
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| erie | 18.7B | 30.40 | 9.03 | 32.38% | 15.73% | 0.62 |
| Marsh & McLennan | 108.0B | 26.88 | 7.68 | 30.53% | 16.13% | 157.13 |
| Arthur J. Gallagher | 83.0B | 50.02 | 3.72 | 9.30% | 13.86% | 60.05 |
| Aon plc | 76.6B | 30.68 | 10.94 | 72.01% | 15.58% | 254.47 |
| Brown & Brown | 36.6B | 30.90 | 4.67 | 16.52% | 21.21% | 59.03 |
| Willis Towers Watson | 30.1B | 29.11 | 3.70 | -0.48% | -0.54% | 72.17 |
Financial data is updated regularly. All figures are in the company's reporting currency.