Erie Historical Income Statement

ERIE Stock  USD 408.17  2.21  0.54%   
Historical analysis of Erie Indemnity income statement accounts such as Total Revenue of 2.2 B or Gross Profit of 485.7 M can show how well Erie Indemnity performed in making a profits. Evaluating Erie Indemnity income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Erie Indemnity's future profits or losses.
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Erie Indemnity latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Erie Indemnity is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.

About Erie Income Statement Analysis

Erie Indemnity Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Erie Indemnity shareholders. The income statement also shows Erie investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Erie Indemnity Income Statement Chart

Erie Indemnity Income Statement is one of the three primary financial statements used for reporting Erie's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Erie Indemnity revenue and expense. Erie Indemnity Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Erie Indemnity's EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 468.4 M, whereas Total Revenue is forecasted to decline to about 2.2 B.

Total Revenue

Total revenue comprises all receipts Erie Indemnity generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Erie Indemnity minus its cost of goods sold. It is profit before Erie Indemnity operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Erie Indemnity. It is also known as Erie Indemnity overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Erie Indemnity income statement and is an important metric when analyzing Erie Indemnity profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most accounts from Erie Indemnity's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Erie Indemnity current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.At present, Erie Indemnity's EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 468.4 M, whereas Total Revenue is forecasted to decline to about 2.2 B.
 2021 2022 2023 2024 (projected)
Gross Profit2.7B376.8M511.2M485.7M
Total Revenue2.7B2.8B3.3B2.2B

Erie Indemnity income statement Correlations

-0.12-0.43-0.13-0.13-0.060.090.35-0.22-0.030.85-0.140.08-0.43-0.350.11-0.8-0.260.31-0.370.540.8
-0.120.880.990.550.450.39-0.840.74-0.35-0.140.790.32-0.660.590.210.15-0.050.190.2-0.04-0.11
-0.430.880.860.410.240.13-0.930.67-0.13-0.450.740.23-0.480.550.150.370.02-0.080.15-0.4-0.51
-0.130.990.860.470.410.35-0.860.65-0.34-0.130.70.33-0.670.510.080.19-0.070.210.18-0.04-0.1
-0.130.550.410.470.880.84-0.230.79-0.62-0.190.830.23-0.20.680.66-0.140.31-0.170.380.12-0.07
-0.060.450.240.410.880.96-0.110.53-0.78-0.140.60.08-0.170.420.36-0.140.45-0.250.440.250.01
0.090.390.130.350.840.960.020.49-0.80.050.550.08-0.190.380.38-0.230.32-0.220.460.390.18
0.35-0.84-0.93-0.86-0.23-0.110.02-0.520.070.43-0.58-0.220.52-0.420.02-0.360.14-0.030.030.530.41
-0.220.740.670.650.790.530.49-0.52-0.27-0.270.950.17-0.210.950.770.110.030.110.31-0.01-0.15
-0.03-0.35-0.13-0.34-0.62-0.78-0.80.07-0.270.11-0.41-0.030.12-0.13-0.080.11-0.490.07-0.57-0.24-0.12
0.85-0.14-0.45-0.13-0.19-0.140.050.43-0.270.11-0.240.12-0.47-0.37-0.01-0.66-0.350.35-0.20.720.75
-0.140.790.740.70.830.60.55-0.580.95-0.41-0.240.18-0.380.810.71-0.010.13-0.030.3-0.07-0.21
0.080.320.230.330.230.080.08-0.220.17-0.030.120.18-0.290.110.02-0.35-0.090.15-0.060.070.1
-0.43-0.66-0.48-0.67-0.2-0.17-0.190.52-0.210.12-0.47-0.38-0.290.050.050.340.28-0.140.17-0.13-0.2
-0.350.590.550.510.680.420.38-0.420.95-0.13-0.370.810.110.050.750.26-0.030.150.3-0.04-0.17
0.110.210.150.080.660.360.380.020.77-0.08-0.010.710.020.050.75-0.28-0.020.040.140.110.05
-0.80.150.370.19-0.14-0.14-0.23-0.360.110.11-0.66-0.01-0.350.340.26-0.280.05-0.050.13-0.39-0.45
-0.26-0.050.02-0.070.310.450.320.140.03-0.49-0.350.13-0.090.28-0.03-0.020.05-0.350.310.08-0.29
0.310.19-0.080.21-0.17-0.25-0.22-0.030.110.070.35-0.030.15-0.140.150.04-0.05-0.350.050.450.52
-0.370.20.150.180.380.440.460.030.31-0.57-0.20.3-0.060.170.30.140.130.310.050.26-0.3
0.54-0.04-0.4-0.040.120.250.390.53-0.01-0.240.72-0.070.07-0.13-0.040.11-0.390.080.450.260.69
0.8-0.11-0.51-0.1-0.070.010.180.41-0.15-0.120.75-0.210.1-0.2-0.170.05-0.45-0.290.52-0.30.69
Click cells to compare fundamentals

Erie Indemnity Account Relationship Matchups

Erie Indemnity income statement Accounts

201920202021202220232024 (projected)
Interest Expense1.2M2.5M856K731K4.1M2.0M
Total Revenue2.5B2.6B2.7B2.8B3.3B2.2B
Gross Profit2.5B2.6B2.7B376.8M511.2M485.7M
Other Operating Expenses2.1B2.2B2.3B2.5B2.7B1.8B
Operating Income(212.9M)(266.7M)(286.1M)378.5M514.4M285.4M
Ebit(212.9M)(266.7M)(286.1M)378.5M514.4M261.0M
Ebitda(212.9M)(266.7M)(286.1M)430.2M568.0M596.4M
Total Operating Expenses(2.7B)(2.8B)(3.0B)(2.5B)(3.2M)(3.4M)
Income Before Tax396.7M368.5M376.4M376.5M561.9M459.6M
Total Other Income Expense Net609.6M635.2M662.5M(2.0M)47.5M45.1M
Net Income316.8M293.3M297.9M298.6M446.1M468.4M
Income Tax Expense79.9M75.2M78.5M77.9M115.9M123.3M
Cost Of Revenue2.1B2.2B2.6B2.5B2.7B1.9B
Net Income Applicable To Common Shares316.8M293.3M297.9M298.6M343.4M219.9M
Selling General Administrative240.2M1.7M58.3M58.3M52.5M49.9M
Net Income From Continuing Ops316.8M293.3M297.9M298.6M400.6M322.6M
Non Operating Income Net Other40.2M31.1M62.4M1.6M1.5M1.4M
Tax Provision79.9M75.2M78.5M77.9M103.4M72.7M
Net Interest Income(2.5M)(856K)(731K)(4.1M)(2.0M)0.0

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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Moving against 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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
8.53
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.