Erie Insurance (ERIE) stock price, revenue, and financials

Erie Insurance market cap is $13.5 b, and annual revenue was $2.48 b in FY 2019

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-30.23 (-11.68%)

$13.5 B

ERIE Mkt cap, 08-Feb-2021

$653.5 M

Erie Insurance Revenue Q3, 2020

Erie Insurance Net income (Q3, 2020)89.2 M

Erie Insurance EBIT (Q3, 2020)96.2 M

Erie Insurance Cash, 30-Sept-2020216.4 M

Erie Insurance EV13.4 B

Erie Insurance Revenue Breakdown

Business Segment

Embed Graph

Erie Insurance revenue breakdown by business segment: 73.1% from Management Fee - Policy Issuance and Renewal Services, 23.5% from Administrative Services Reimbursement and 3.4% from Other

Annual

USD	FY, 2017	FY, 2018	FY, 2019
Revenue	1.7b	2.4b	2.5b
Revenue growth, %	6%	41%	4%
Operating expense total	215.7m	2.0b	2.1b
EBIT	288.4m	344.3m	357.3m
EBIT margin, %	17%	14%	14%
Interest expense	1.2m	2.5m	856.0k
Investment income	28.6m	25.8m	40.0m
Pre tax profit	315.7m	371.3m	396.7m
Income tax expense	118.7m	83.1m	79.9m
Net Income	197.0m	288.2m	316.8m
EPS	3.8	5.5	6.1

Quarterly

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Revenue	572.2m	621.5m	612.1m	594.1m	647.7m	638.7m	616.7m	657.0m	653.5m
Operating expense total	494.6m	526.1m	515.4m	508.0m	551.1m	532.8m	531.0m	565.8m	557.3m
EBIT	77.6m	95.3m	96.7m	86.1m	96.6m	105.9m	85.7m	91.2m	96.2m
EBIT margin, %	14%	15%	16%	14%	15%	17%	14%	14%	15%
Interest expense	553.0k	602.0k	709.0k	449.0k	272.0k	111.0k	3.0k	2.0k	3.0k
Investment income	6.2m	6.2m	8.4m	9.8m	9.7m	13.6m	(3.7m)	11.6m	16.4m
Pre tax profit	83.2m	101.0m	104.5m	95.5m	106.0m	119.5m	76.1m	102.5m	111.7m
Income tax expense	17.5m	21.3m	24.0m	20.2m	18.3m	25.3m	16.8m	20.5m	22.5m
Net Income	65.8m	79.7m	80.4m	75.3m	87.8m	94.2m	59.3m	82.0m	89.2m
EPS	1.3	1.5	1.5	1.4	1.7	1.8	1.1	1.6	1.7

Annual

USD	FY, 2017	FY, 2018	FY, 2019
Cash	215.7m	266.4m	336.7m
Accounts Receivable	418.3m	449.9m	468.6m
Prepaid Expenses	34.9m	36.9m	44.9m
Current Assets	801.9m	1.2b	891.4m
PP&E	88.1m	130.8m	221.4m
Total Assets	1.7b	1.8b	2.0b
Accounts Payable	104.5m	111.3m	135.0m
Dividends Payable	39.1m	41.9m	44.9m
Short-term debt		1.9m	2.0m
Current Liabilities	509.9m	547.1m	587.7m
Long-term debt	74.7m	97.9m	95.8m
Total Debt	74.7m	99.7m	97.8m
Total Liabilities	808.5m	804.7m	883.0m
Common Stock	2.2m	2.2m	2.2m
Additional Paid-in Capital	16.5m	16.5m	16.5m
Retained Earnings	2.1b	2.2b	2.4b
Total Equity	857.3m	973.7m	1.1b
Debt to Equity Ratio	0.1 x	0.1 x	0.1 x
Debt to Assets Ratio	0 x	0.1 x	0 x
Financial Leverage	1.9 x	1.8 x	1.8 x

Quarterly

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Cash	119.6m	198.4m	244.7m	312.0m	338.3m	344.9m	228.6m	257.7m	216.4m
Accounts Receivable	415.3m	445.2m	463.6m	456.1m	483.3m	498.0m	482.2m	506.7m	501.2m
Prepaid Expenses	43.1m	45.4m	44.0m	50.0m	42.3m	47.7m	58.7m	60.7m	52.0m
Current Assets	720.7m	828.1m	888.9m	962.4m	937.2m	934.9m	810.1m	859.2m	792.9m
PP&E	88.4m	94.7m	121.7m	144.7m	173.1m	194.2m	238.3m	246.6m	254.9m
Total Assets	1.6b	1.7b	1.8b	1.8b	1.9b	2.0b	2.0b	2.1b	2.2b
Accounts Payable	95.8m	97.1m	113.2m	123.2m	124.8m	131.5m	130.0m	137.7m	148.1m
Dividends Payable	39.1m	39.1m	39.1m	41.9m	41.9m	41.9m	44.9m	44.9m	44.9m
Short-term debt		925.0k	1.4m	1.9m	1.9m	2.0m	2.0m	2.0m	2.0m
Current Liabilities	447.6m	497.9m	544.5m	502.5m	535.4m	568.8m	541.7m	589.1m	606.5m
Long-term debt	74.7m	98.8m	98.3m	97.4m	96.9m	96.3m	95.3m	94.8m	94.3m
Total Debt	74.7m	99.7m	99.7m	99.3m	98.8m	98.3m	97.3m	96.8m	96.4m
Total Liabilities	733.3m	772.1m	838.5m	785.7m	826.2m	855.3m	840.5m	888.7m	912.1m
Common Stock	2.2m	2.2m	2.2m	2.2m	2.2m	2.2m	2.2m	2.2m	2.2m
Additional Paid-in Capital	16.5m	16.5m	16.5m	16.5m	16.5m	16.5m	16.5m	16.5m	16.5m
Retained Earnings	2.1b	2.2b	2.2b	2.3b	2.3b	2.4b	2.4b	2.4b	2.5b
Total Equity	840.2m	880.2m	921.0m	1.0b	1.1b	1.1b	1.1b	1.2b	1.2b
Debt to Equity Ratio	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x	0.1 x
Debt to Assets Ratio	0 x	0.1 x	0.1 x	0.1 x	0.1 x	0 x	0 x	0 x	0 x
Financial Leverage	1.9 x	1.9 x	1.9 x	1.8 x	1.8 x	1.8 x	1.8 x	1.7 x	1.7 x

Annual

USD	FY, 2017	FY, 2018	FY, 2019
Cash From Operating Activities	197.1m	263.6m	364.5m
Purchases of PP&E	(28.9m)	(56.3m)	(102.0m)
Cash From Investing Activities	(74.7m)	(81.4m)	(124.6m)
Long-term Borrowings	50.0m	25.0m	(1.9m)
Dividends Paid	(145.8m)	(156.5m)	(167.7m)
Cash From Financing Activities	(95.8m)	(131.5m)	(169.6m)
Net Change in Cash	26.6m	50.7m	70.3m
Interest Paid	1.0m	2.4m	853.0k
Income Taxes Paid	106.3m	58.8m	72.8m

Quarterly

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Cash From Operating Activities	(40.2m)	41.6m	174.3m	24.2m	114.4m	237.9m	20.1m	127.3m	234.5m
Purchases of PP&E	(8.7m)	(18.1m)	(48.7m)	(17.4m)	(34.3m)	(68.4m)	(21.1m)	(37.4m)	(52.3m)
Cash From Investing Activities	(16.7m)	(5.7m)	(53.0m)	63.8m	42.2m	(32.2m)	(82.7m)	(115.4m)	(218.6m)
Long-term Borrowings	(9.0k)	25.0m	25.0m	(460.0k)	(962.0k)	(1.4m)	(481.0k)	(979.0k)	(1.5m)
Dividends Paid	(39.1m)	(78.2m)	(117.4m)	(41.9m)	(83.8m)	(125.7m)	(44.9m)	(89.9m)	(134.8m)
Cash From Financing Activities	(39.1m)	(53.2m)	(92.4m)	(42.4m)	(84.8m)	(127.2m)	(45.4m)	(90.9m)	(136.3m)
Net Change in Cash	(96.1m)	(17.3m)	29.0m	45.6m	71.8m	78.5m	(108.1m)	(79.0m)	(120.4m)
Interest Paid	550.0k	1.1m	1.8m	448.0k	719.0k	853.0k	14.0k	4.0k	5.0k
Income Taxes Paid	276.0k	208.0k	29.2m	(138.0k)	39.9m	60.9m	(375.0k)	25.6m	72.6m

USD	FY, 2017
Revenue/Employee	331.7k
Debt/Equity	0.1 x
Financial Leverage	1.9 x

	FY, 2017	FY, 2018	FY, 2019
Individual Life Insurance in Force			$241 m
Office Space, sq. ft.	637 k	637 k	665 k
Offices	25	25	25
Retention Rate			90%

Job Roles

	Y, 2019	Y, 2018	Y, 2017
Claims Related Services	49.1 %	49.1 %	49.1 %
Other	50.9 %	50.9 %	50.9 %

Source: www.sec.gov, www.sec.gov, www.sec.gov

Culture & Values

4.3

Work/Life Balance

4.1

Senior Management

3.9

Salary & Benefits

4.1

Career Opportunities

3.9

Source

View Erie Insurance profile

Competitors

Allstate

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Massachusetts Mutual Life Insurance Company (MassMutual)

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MetLife

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Standard Insurance

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Erie Insurance (ERIE) stock price, revenue, and financials

$228.48

$13.5 B

$653.5 M

Erie Insurance Revenue Breakdown

Erie Insurance Income Statement

Annual

Revenue

Revenue growth, %

Operating expense total

EBIT

EBIT margin, %

Interest expense

Investment income

Pre tax profit

Income tax expense

Net Income

EPS

Quarterly

Revenue

Operating expense total

EBIT

EBIT margin, %

Interest expense

Investment income

Pre tax profit

Income tax expense

Net Income

EPS

Erie Insurance Balance Sheet

Annual

Cash

Accounts Receivable

Prepaid Expenses

Current Assets

PP&E

Total Assets

Accounts Payable

Dividends Payable

Short-term debt

Current Liabilities

Long-term debt

Total Debt

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Quarterly

Cash

Accounts Receivable

Prepaid Expenses

Current Assets

PP&E

Total Assets

Accounts Payable

Dividends Payable

Short-term debt

Current Liabilities

Long-term debt

Total Debt

Total Liabilities

Common Stock

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Erie Insurance Cash Flow

Annual

Cash From Operating Activities

Purchases of PP&E

Cash From Investing Activities

Long-term Borrowings

Dividends Paid

Cash From Financing Activities