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