Erie Indemnity (ERIE) Revenue — Quarter Ended Mar 31, 2023
The company reported higher revenue for the quarter. Both the sequential increase from the prior quarter and the rise compared with the same quarter a year earlier contributed to the growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
The company reported higher revenue for the quarter. Both the sequential increase from the prior quarter and the rise compared with the same quarter a year earlier contributed to the growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$752.5M
Revenue reported for this quarter.
Quarter-over-quarter
+7.4%
Change from the immediately preceding quarter.
Year-over-year
+12.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $726.1M | +6.8% |
| Sep 30, 2022 | $741.2M | +7.8% |
| Dec 31, 2022 | $700.6M | +10.2% |
| Mar 31, 2023 | $752.5M | +12.0% |
Revenue performance
Revenue increased during the quarter, driven by a sequential gain from the immediately preceding period and a larger advance from the same quarter one year prior.
Quarterly comparison
Compared with the prior quarter, revenue rose at a moderate pace. The year-over-year comparison showed a stronger expansion, reflecting continued growth from the same period last year.
What to watch
Revenue has grown on a year-over-year basis for each of the past four quarters.