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Erie Indemnity Company  (ERIE)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial
 

ERIE's Net Income Growth by Quarter and Year

Erie Indemnity's Net Income results by quarter and year




ERIE Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 110.93 55.41 55.04 62.79
III Quarter September 131.04 84.31 90.22 89.22
II Quarter June 117.85 80.15 79.03 81.98
I Quarter March 86.24 68.62 73.57 59.33
FY   446.06 288.49 297.86 293.32



ERIE Net Income fourth quarter 2023 Y/Y Growth Comment
Erie Indemnity Company achieved in the fourth quarter 2023, above Company average Net Income surge of 100.19% year on year, to $ 110.93 millions.

Looking into fourth quarter 2023 results within Insurance Brokerage industry 3 other companies have achieved higher Net Income growth. While Erie Indemnity Company' s Net Income doubling of 100.19% ranks overall at the positon no. 637 in the fourth quarter 2023.




ERIE Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 100.19 % 0.67 % -12.34 % 5.37 %
III Quarter September 55.43 % -6.55 % 1.12 % -5.26 %
II Quarter June 47.04 % 1.42 % -3.6 % -6.58 %
I Quarter March 25.68 % -6.73 % 24 % -21.22 %
FY   54.62 % -3.15 % 1.55 % -7.42 %

Financial Statements
Erie Indemnity's fourth quarter 2023 Net Income $ 110.93 millions ERIE's Income Statement
Erie Indemnity's fourth quarter 2022 Net Income $ 55.41 millions Quarterly ERIE's Income Statement
New: More ERIE's historic Net Income Growth >>


ERIE Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -15.35 % -34.28 % -38.99 % -29.62 %
III Quarter September 11.19 % 5.19 % 14.16 % 8.83 %
II Quarter June 36.65 % 16.8 % 7.42 % 38.18 %
I Quarter March 55.64 % 24.67 % 17.17 % -0.44 %
FY (Year on Year)   54.62 % -3.15 % 1.55 % -7.42 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Insurance Brokerage Industry #4
Financial Sector #135
Overall #637

Net Income Y/Y Growth Statistics
High Average Low
151.08 % 2.69 % -107.37 %
(Mar 31 2017)   (June 30. 2016)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Insurance Brokerage Industry #4
Financial Sector #135
Overall #637
Net Income Y/Y Growth Statistics
High Average Low
151.08 % 2.69 % -107.37 %
(Mar 31 2017)   (June 30. 2016)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Erie Indemnity's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
143.7 % 7.91 % -83.25 %
(Mar 31 2013)  


ERIE's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Erie Indemnity Company reported fall in Net Income from the third quarter by -15.35% to $ 110.93 millions, from $ 131.04 millions declared in the previous reporting period.

If you evaluate recent shortcoming in the IV. Quarter 2023, you must take into consideration, that commonly IV. Quarter Net Income emerge sluggish then in the preciding period, Ruby  Davies, a business advisor mentioned.

Within Insurance Brokerage industry only one company achieved higher sequential Net Income growth. While Erie Indemnity's Net Income growth quarter on quarter, overall rank is 615.


Net Income Q/Q Growth Company Ranking
Within: No.
Insurance Brokerage Industry #2
Financial Sector #133
Overall #615
Net Income Q/Q Growth Company Ranking
Within: No.
Insurance Brokerage Industry #2
Financial Sector #133
Overall #615
Net Income Q/Q Growth Statistics
High Average Low
143.7 % 7.91 % -83.25 %
(Mar 31 2013)  


ERIE's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Erie Indemnity Company reported fall in Net Income from the third quarter by -15.35% to $ 110.93 millions, from $ 131.04 millions achived in the previous reporting period.

But that's not huge issue, as Net Income frequently seem to dip in this quarter Ruby  Davies, a business advisor noted.

Within Insurance Brokerage industry only one company achieved higher sequential Net Income growth. While Erie Indemnity's Net Income growth quarter on quarter, overall rank is 615.


Erie Indemnity's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 446.06 $ 390.55 $ 343.82 $ 306.12 $ 288.49
Y / Y Net Income Growth (TTM) 54.62 % 35.55 % 16.93 % 4.51 % -3.14 %
Year on Year Net Income Growth Overall Ranking # 651 # 176 # 177 # 1073 # 792
Seqeuential Net Income Change (TTM) 14.21 % 13.59 % 12.32 % 6.11 % 0.13 %
Seq. Net Income Growth (TTM) Overall Ranking # 637 # 162 # 166 # 125 # 877




Cumulative Net Income growth Comment
Erie Indemnity saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 54.62% year on year, to $ 446 millions if the fiscal year would have ended in Dec 31 2023.
Erie Indemnity's trailing twelve months Net Income growth was higher than company's average 2.69% and higher than 35.55% growth in Sep 30 2023.
But from the previous reporting period increase was beneth at 14.21 % from $390.55 millions recorded in the period from Sep 30 2023 to Dec 31 2022.
In spite of, this was confirmation of positive momentum, while the usual sequential growth stands at 2.69%.
The growth was even higher from twelve months ended Sep 30 2023 showed at 14.21 % rise from $390.55 millions in twelve months ending a quarter before.

In the Financial sector 137 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 176 to 651.

Net Income TTM Q/Q Growth Statistics
High Average Low
151.08 %
2.69 %
-107.37 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Insurance Brokerage Industry # 4
Financial Sector # 138
Overall # 651

Net Income TTM Y/Y Growth Statistics
High Average Low
151.08 %
2.69 %
-107.37 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 135
S&P 500 # 637
Cumulative Net Income growth Comment
Erie Indemnity saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 54.62% year on year, to $ 446 millions if the fiscal year would have ended in Dec 31 2023.
Erie Indemnity's trailing twelve months Net Income growth was higher than company's average 2.69% and higher than 35.55% growth in Sep 30 2023.
But from the previous reporting period increase was slower at 14.21 % from $390.55 millions achieved in the period from Sep 30 2023 to Dec 31 2022.
Yet this was evidence of strength, as the average sequential advancement stands at 2.69%.
The growth was much stronger sequentially showed at 14.21 % increase from $390.55 millions in twelve months ending a quarter Sep 30 2023.

In the Financial sector 137 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 176 to 651.

Net Income TTM Q/Q Growth Statistics
High Average Low
151.08 %
2.69 %
-107.37 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Insurance Brokerage Industry # 4
Financial Sector # 138
Overall # 651

Net Income TTM Y/Y Growth Statistics
High Average Low
151.08 %
2.69 %
-107.37 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 135
S&P 500 # 637




Other Net Income Growth
Insurance Brokerage Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
ERIE's Net Income Growth Ratio versus Insurance Brokerage Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for ERIE's Competitors
Net Income Growth for Erie Indemnity's Suppliers
Net Income Growth for ERIE's Customers

You may also want to know
ERIE's Annual Growth Rates ERIE's Profitability Ratios ERIE's Asset Turnover Ratio ERIE's Dividend Growth
ERIE's Roe ERIE's Valuation Ratios ERIE's Financial Strength Ratios ERIE's Dividend Payout Ratio
ERIE's Roa ERIE's Inventory Turnover Ratio ERIE's Growth Rates ERIE's Dividend Comparisons



Companies with similar Net Income fall for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
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Goosehead Insurance Inc 109.91%$ 109.907 millions
Erie Indemnity Company100.18%$ 100.180 millions
First Citizens Bancshares Inc100.00%$ 100.000 millions
Travelers Companies inc 98.53%$ 98.535 millions
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