Erie Financial Statements From 2010 to 2024

ERIE Stock  USD 381.56  1.10  0.29%   
Erie Indemnity financial statements provide useful quarterly and yearly information to potential Erie Indemnity investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Erie Indemnity financial statements helps investors assess Erie Indemnity's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Erie Indemnity's valuation are summarized below:
Gross Profit
376.2 M
Profit Margin
0.1365
Market Capitalization
19.9 B
Enterprise Value Revenue
5.9799
Revenue
3.3 B
There are over one hundred nineteen available fundamental signals for Erie Indemnity, which can be analyzed over time and compared to other ratios. Investors should ensure to verify all of Erie Indemnity's prevailing performance against the performance from 2010 to 2024 to make sure the company is sustainable down the road. The current year's Market Cap is expected to grow to about 16.4 B. The current year's Enterprise Value is expected to grow to about 16.2 B

Erie Indemnity Total Revenue

2.23 Billion

Check Erie Indemnity financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Erie main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.3 M, Interest Expense of 0.0 or Total Revenue of 2.2 B, as well as many exotic indicators such as Price To Sales Ratio of 3.28, Dividend Yield of 0.017 or PTB Ratio of 9.85. Erie financial statements analysis is a perfect complement when working with Erie Indemnity Valuation or Volatility modules.
  
This module can also supplement Erie Indemnity's financial leverage analysis and stock options assessment as well as various Erie Indemnity Technical models . Check out the analysis of Erie Indemnity Correlation against competitors.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.

Erie Indemnity Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets4.6 B2.5 B5.8 B
Slightly volatile
Short and Long Term Debt Total76.9 M107.9 M59.4 M
Slightly volatile
Total Stockholder Equity971 M1.7 B948.9 M
Slightly volatile
Property Plant And Equipment Net464.7 M442.6 M184.6 M
Slightly volatile
Retained Earnings1.7 B2.8 BB
Slightly volatile
Non Current Assets Total844.4 M1.5 B735.9 M
Slightly volatile
Net Receivables881.9 M634.8 M691.2 M
Pretty Stable
Common Stock Shares Outstanding56.2 M52.7 M67.9 M
Slightly volatile
Liabilities And Stockholders Equity4.6 B2.5 B5.8 B
Slightly volatile
Non Current Liabilities Total95.1 M100.2 M2.5 B
Slightly volatile
Total Liabilities805.4 M847.8 M2.9 B
Slightly volatile
Total Current Assets816.3 M930.2 M625.6 M
Slightly volatile
Total Current Liabilities673.5 M709 MB
Slightly volatile
Cash179.3 M144.1 M238.1 M
Pretty Stable
Cash And Short Term Investments214.8 M226.1 M2.8 B
Slightly volatile
Common Stock Total Equity1.7 MM2.1 M
Pretty Stable
Short Term Investments77.9 M82 M2.6 B
Slightly volatile
Property Plant And Equipment Gross320.4 M305.1 M148.8 M
Slightly volatile
Common Stock1.7 MM2.1 M
Pretty Stable
Other Liabilities107.7 M113.3 M333.9 M
Slightly volatile
Net Tangible Assets1.5 B1.3 B1.7 B
Slightly volatile
Long Term Investments993.2 MB4.9 B
Slightly volatile
Non Current Liabilities Other83.9 M88.3 M2.7 B
Slightly volatile
Capital Surpluse18.1 M19 M16.7 M
Slightly volatile
Short Term Debt560 M533.4 M200.9 M
Slightly volatile
Long Term Debt Total87.8 M105.5 M60.8 M
Slightly volatile
Net Invested Capital1.4 B1.7 B1.1 B
Slightly volatile
Current Deferred Revenue40.2 M41.2 M35.4 M
Slightly volatile
Capital Stock1.7 MM2.1 M
Slightly volatile

Erie Indemnity Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization56.3 M53.6 M31.8 M
Slightly volatile
Total Revenue2.2 B3.3 B3.1 B
Pretty Stable
Gross Profit485.7 M511.2 M2.6 B
Slightly volatile
Other Operating Expenses1.8 B2.7 B2.6 B
Pretty Stable
Income Before Tax459.6 M561.9 M533.8 M
Slightly volatile
Net Income468.4 M446.1 M247.4 M
Slightly volatile
Income Tax Expense123.3 M115.9 M141.9 M
Slightly volatile
Net Income Applicable To Common Shares219.9 M343.4 M230.2 M
Slightly volatile
Net Income From Continuing Ops322.6 M400.6 M397.9 M
Slightly volatile
Minority Interest516.1 M465.8 M437.9 M
Very volatile
Non Operating Income Net Other1.4 M1.5 M47.9 M
Slightly volatile
Tax Provision72.7 M103.3 M89.9 M
Slightly volatile
Interest Income34.1 M45.2 M35.3 M
Slightly volatile
Reconciled Depreciation51.9 M53.6 M38.9 M
Slightly volatile

Erie Indemnity Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow153.8 M142.1 M226.6 M
Pretty Stable
Capital Expenditures97.3 M92.6 M55.1 M
Slightly volatile
Total Cash From Operating Activities276.2 M381.2 M307 M
Very volatile
Net Income257.4 M446.1 M299.1 M
Very volatile
Cash Flows Other Operating576.5 M724.1 M554.4 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio3.284.78463.1855
Pretty Stable
Dividend Yield0.0170.01420.0229
Pretty Stable
PTB Ratio9.859.388.0127
Very volatile
Days Sales Outstanding67.5271.075973.7464
Very volatile
Book Value Per Share37.4935.705920.057
Slightly volatile
Free Cash Flow Yield0.01760.01850.0442
Slightly volatile
Operating Cash Flow Per Share8.598.18566.3271
Slightly volatile
PB Ratio9.859.388.0127
Very volatile
EV To Sales3.214.74043.1215
Pretty Stable
Free Cash Flow Per Share3.176.19624.9747
Very volatile
Net Income Per Share10.069.57824.9496
Slightly volatile
Payables Turnover16.4315.65116.7753
Slightly volatile
Sales General And Administrative To Revenue0.290.160.1859
Slightly volatile
Cash Per Share4.614.854453.1061
Slightly volatile
POCF Ratio42.9640.915827.1932
Slightly volatile
Payout Ratio0.410.4970.6536
Pretty Stable
PFCF Ratio56.7654.052633.8496
Slightly volatile
Days Payables Outstanding22.1523.32162.1772
Slightly volatile
Income Quality1.330.85461.1825
Pretty Stable
ROE0.170.26830.2411
Pretty Stable
EV To Operating Cash Flow42.5640.537926.3991
Slightly volatile
PE Ratio19.5834.966830.9298
Pretty Stable
Return On Tangible Assets0.180.17420.1422
Slightly volatile
EV To Free Cash Flow56.2353.553432.8373
Slightly volatile
Earnings Yield0.05070.02860.0347
Very volatile
Current Ratio1.251.3121.6185
Pretty Stable
Tangible Book Value Per Share27.6635.705951.8136
Slightly volatile
Receivables Turnover4.885.135416.2551
Slightly volatile
Graham Number92.1187.721147.1943
Slightly volatile
Shareholders Equity Per Share37.4935.705920.057
Slightly volatile
Average Receivables431.7 M561.3 M585.4 M
Very volatile
Revenue Per Share73.569.999661.6127
Very volatile
Short Term Coverage Ratios0.780.82129
Slightly volatile
Price Earnings Ratio19.5834.966830.9298
Pretty Stable
Price Book Value Ratio9.859.388.0127
Very volatile
Days Of Payables Outstanding22.1523.32162.1772
Slightly volatile
Dividend Payout Ratio0.410.4970.6536
Pretty Stable
Price To Operating Cash Flows Ratio42.9640.915827.1932
Slightly volatile
Price To Free Cash Flows Ratio56.7654.052633.8496
Slightly volatile
Pretax Profit Margin0.330.17240.2393
Slightly volatile
Effective Tax Rate0.220.20620.2527
Pretty Stable
Company Equity Multiplier1.431.50987.4335
Slightly volatile
Quick Ratio1.151.21421.6443
Very volatile
Dividend Paid And Capex Coverage Ratio5.422.95445.1287
Pretty Stable
Net Income Per E B T0.460.79380.5476
Slightly volatile
Cash Ratio0.190.20320.4175
Very volatile
Operating Cash Flow Sales Ratio0.180.11690.1241
Pretty Stable
Days Of Sales Outstanding67.5271.075973.7464
Very volatile
Free Cash Flow Operating Cash Flow Ratio1.00.7570.8411
Slightly volatile
Price To Book Ratio9.859.388.0127
Very volatile
Fixed Asset Turnover7.07.365219.9613
Slightly volatile
Price Cash Flow Ratio42.9640.915827.1932
Slightly volatile
Price Sales Ratio3.284.78463.1855
Pretty Stable
Return On Assets0.190.17770.1057
Slightly volatile
Asset Turnover1.361.29850.9368
Slightly volatile
Net Profit Margin0.140.13680.0975
Slightly volatile
Gross Profit Margin0.170.15680.1548
Pretty Stable
Price Fair Value9.859.388.0127
Very volatile
Return On Equity0.170.26830.2411
Pretty Stable

Erie Indemnity Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap16.4 B15.6 BB
Slightly volatile
Enterprise Value16.2 B15.5 B7.9 B
Slightly volatile

Erie Fundamental Market Drivers

Cash And Short Term Investments226.1 M

Erie Upcoming Events

6th of March 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
6th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Erie Indemnity Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Erie Indemnity income statement, its balance sheet, and the statement of cash flows. Erie Indemnity investors use historical funamental indicators, such as Erie Indemnity's revenue or net income, to determine how well the company is positioned to perform in the future. Although Erie Indemnity investors may use each financial statement separately, they are all related. The changes in Erie Indemnity's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Erie Indemnity's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Erie Indemnity Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Erie Indemnity. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue41.2 M40.2 M
Total Revenue3.3 B2.2 B
Cost Of Revenue2.7 B1.9 B
Stock Based Compensation To Revenue 0  0 
Sales General And Administrative To Revenue 0.16  0.29 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.03)(0.03)
Revenue Per Share 70.00  73.50 
Ebit Per Revenue 0.16  0.19 

Erie Indemnity Investors Sentiment

The influence of Erie Indemnity's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Erie. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Erie Indemnity's public news can be used to forecast risks associated with an investment in Erie. The trend in average sentiment can be used to explain how an investor holding Erie can time the market purely based on public headlines and social activities around Erie Indemnity. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Erie Indemnity's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Erie Indemnity's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Erie Indemnity's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Erie Indemnity.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Erie Indemnity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Erie Indemnity's short interest history, or implied volatility extrapolated from Erie Indemnity options trading.

Pair Trading with Erie Indemnity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Erie Indemnity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Erie Indemnity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Erie Stock

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The ability to find closely correlated positions to Erie Indemnity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erie Indemnity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Erie Indemnity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Erie Indemnity to buy it.
The correlation of Erie Indemnity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erie Indemnity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erie Indemnity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Erie Indemnity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out the analysis of Erie Indemnity Correlation against competitors.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Erie Stock analysis

When running Erie Indemnity's price analysis, check to measure Erie Indemnity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erie Indemnity is operating at the current time. Most of Erie Indemnity's value examination focuses on studying past and present price action to predict the probability of Erie Indemnity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erie Indemnity's price. Additionally, you may evaluate how the addition of Erie Indemnity to your portfolios can decrease your overall portfolio volatility.
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Is Erie Indemnity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erie Indemnity. If investors know Erie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erie Indemnity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.697
Dividend Share
4.845
Earnings Share
8.52
Revenue Per Share
70.773
Quarterly Revenue Growth
0.167
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.