Earnings Summary

Erie Indemnity Company’s revenue jumped 17.76% since last year same period to $880.51Mn in the Q1 2024. On a quarterly growth basis, Erie Indemnity Company has generated 7.71% jump in its revenue since last 3-months.

Erie Indemnity Company’s net profit jumped 44.42% since last year same period to $124.55Mn in the Q1 2024. On a quarterly growth basis, Erie Indemnity Company has generated 12.28% jump in its net profits since last 3-months.

Erie Indemnity Company’s net profit margin jumped 22.65% since last year same period to 14.15% in the Q1 2024. On a quarterly growth basis, Erie Indemnity Company has generated 4.24% jump in its net profit margins since last 3-months.

Erie Indemnity Company’s price-to-earnings ratio after this Q1 2024 earnings stands at 41.8.

Erie Indemnity Company’s earning per share (EPS) estimates for the current quarter stand at 2.57 - a 12.23% jump from last quarter’s estimates.

Erie Indemnity Company’s earning per share (EPS) estimates for the current year stand at 2.57.

Erie Indemnity Company’s earning per share (EPS) jumped 44.24% since last year same period to 2.38 in the Q1 2024. This indicates that the Erie Indemnity Company has generated 44.24% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Erie Indemnity Company’s return on assets (ROA) stands at 0.15.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Erie Indemnity Company’s return on equity (ROE) stands at 0.3.

Erie Indemnity Company declared 1.27 dividend per share during the earnings announcement for Q1 2024.