ERIE | Erie Indemnity Company Stock Financials Income Statements Annual

(Stock Exchange: NASDAQ)

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Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Revenue	3.27B	2.84B	2.70B	2.57B	2.52B	2.41B	1.72B	1.62B	1.52B	6.01B	6.11B	5.38B	4.67B	4.76B	1.20B	1.07B	1.18B	1.19B	1.20B	1.20B	1.12B	1.01B	817.87M	763.38M	706.04M	663.28M	589.16M	557.29M	549.10M	504.10M
Cost of Revenue	2.75B	2.46B	2.32B	2.20B	2.12B	2.04B	1.40B	908.95M	864.34M	5.29B	4.70B	4.61B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	520.26M	376.85M	385.43M	371.02M	396.65M	370.96M	316.01M	708.48M	657.89M	717.00M	1.41B	768.00M	4.67B	4.76B	1.20B	1.07B	1.18B	1.19B	1.20B	1.20B	1.12B	1.01B	817.87M	763.38M	706.04M	663.28M	589.16M	557.29M	549.10M	504.10M
Operating Expenses	N/A	-2.46B	-2.99B	-2.84B	-2.73B	-2.04B	-1.40B	-1.30B	-1.26B	-5.59B	-4.54B	-4.94B	-4.42B	-4.26B	968.14M	951.40M	930.45M	-892.44M	-977.91M	-871.05M	-889.22M	-750.58M	-634.99M	-539.45M	-497.28M	-466.92M	-381.33M	-379.44M	-411.00M	-399.10M
Selling, General & Admin	737.14M	6.03M	4.08M	1.64M	1.67M	0	240.18M	213.36M	226.71M	N/A	N/A	N/A	N/A	N/A	768.67M	765.01M	755.64M	742.53M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Research & Development	N/A	0	0	0	0	0	0	0	N/A	7.00M	7.00M	6.00M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Operating Expenses	N/A	-2.46B	-2.99B	-2.84B	-2.73B	-2.04B	-1.64B	-1.51B	-1.48B	-5.59B	-4.54B	-4.94B	-4.42B	-4.26B	968.14M	951.40M	930.45M	-1.63B	-977.91M	-871.05M	-889.22M	-750.58M	-634.99M	-539.45M	-497.28M	-466.92M	-381.33M	-379.44M	-411.00M	-399.10M
Operating Income	520.26M	378.46M	-286.12M	-266.72M	-212.93M	373.78M	316.93M	320.19M	266.25M	425.00M	1.57B	440.00M	259.00M	501.00M	157.28M	109.10M	312.08M	298.80M	224.22M	331.55M	228.31M	257.01M	182.88M	223.94M	208.75M	196.36M	207.83M	177.84M	138.10M	105.00M
Other Expenses / Income	41.68M	238.00K	58.31M	30.36M	609.64M	-2.46M	-1.24M	-101.00K	33.71M	-4.00M	N/A	N/A	-2.00M	-28.00M	-97.17M	-63.79M	5.83M	41.77M	38.06M	-28.66M	66.74M	255.40M	182.10M	-5.49M	208.75M	196.36M	174.92M	152.05M	435.40M	490.80M
Before Tax Income	561.94M	376.45M	376.40M	368.51M	396.70M	371.32M	315.69M	320.09M	266.25M	830.00M	1.57B	899.00M	358.00M	999.00M	152.07M	122.71M	309.17M	298.80M	339.46M	326.35M	295.05M	255.40M	182.88M	223.94M	208.75M	196.36M	174.92M	152.05M	573.50M	595.80M
Income Tax Expenses	115.88M	77.88M	78.54M	75.21M	79.88M	83.10M	118.70M	109.72M	91.57M	257.00M	519.00M	280.00M	90.00M	339.00M	48.79M	39.87M	99.14M	99.06M	111.73M	105.14M	102.24M	84.89M	60.62M	71.55M	65.65M	61.81M	56.34M	46.92M	44.50M	33.30M
Net Income	446.06M	298.57M	297.86M	293.30M	316.82M	288.22M	197.00M	210.37M	174.68M	168.00M	163.00M	160.00M	169.00M	162.00M	108.49M	69.24M	212.94M	204.03M	231.10M	226.41M	199.72M	172.13M	122.26M	152.39M	143.11M	134.55M	118.58M	105.13M	93.60M	71.70M
Interest Expenses	N/A	2.01M	4.13M	731.00K	856.00K	2.46M	1.24M	101.00K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	46.19M	46.57M	46.57M	46.57M	46.57M	58.42M	52.29M	52.29M	52.29M	52.35M	52.76M	53.46M	54.99M	56.82M	57.37M	57.95M	62.08M	65.21M	69.22M	70.41M	71.00M	71.08M	71.34M	71.95M	73.49M	74.40M	74.58M	74.56M	74.25M	75.08M
Diluted Shares Outstanding	46.19M	52.68M	52.69M	52.69M	52.70M	58.42M	58.44M	58.54M	58.60M	58.72M	58.96M	59.65M	61.17M	63.00M	63.55M	64.09M	68.25M	71.64M	76.12M	77.40M	71.09M	71.16M	71.34M	71.95M	73.58M	74.57M	74.58M	74.56M	74.25M	75.08M
EBITDA	600.23M	430.18M	318.10M	338.16M	-212.93M	373.78M	316.93M	320.19M	266.25M	846.00M	1.58B	922.00M	368.00M	N/A	278.23M	N/A	303.34M	293.08M	338.25M	355.01M	232.60M	N/A	N/A	226.68M	N/A	N/A	N/A	N/A	N/A	N/A
EBITDA Margin	18.36%	15.14%	11.78%	13.16%	-8.46%	15.52%	18.45%	19.80%	17.49%	14.07%	25.88%	17.13%	7.87%	0.00%	23.26%	0.00%	25.71%	24.60%	28.14%	29.52%	20.81%	0.00%	0.00%	29.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT	561.94M	378.46M	380.54M	369.25M	397.56M	373.78M	316.93M	320.19M	266.25M	425.00M	682.00M	440.00M	259.00M	501.00M	157.28M	109.10M	312.08M	303.08M	342.84M	331.55M	301.96M	257.01M	182.88M	223.94M	208.75M	196.36M	174.92M	152.05M	138.10M	105.00M
EBIT Margin	17.19%	13.32%	14.09%	14.37%	15.80%	15.52%	18.45%	19.80%	17.49%	7.07%	11.16%	8.18%	5.54%	10.52%	13.15%	10.21%	26.45%	25.44%	28.52%	27.57%	27.02%	25.51%	22.36%	29.33%	29.57%	29.60%	29.69%	27.28%	25.15%	20.83%
Financial Year End	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31