Erie Indemnity (ERIE) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the current quarter. The rise reflected a continuation of the upward trend seen in recent periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the current quarter. The rise reflected a continuation of the upward trend seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$858.9M
Revenue reported for this quarter.
Quarter-over-quarter
+2.3%
Change from the immediately preceding quarter.
Year-over-year
+15.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.2B
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 |
|---|---|---|
| Dec 31, 2022 | $700.6M | +10.2% |
| Mar 31, 2023 | $752.5M | +12.0% |
| Jun 30, 2023 | $839.9M | +15.7% |
| Sep 30, 2023 | $858.9M | +15.9% |
Revenue performance
Total operating revenue improved compared with the immediately preceding quarter and was also higher than the same quarter one year earlier.
Quarterly comparison
The growth rate slowed from the prior quarter's sequential increase. Year-over-year, the revenue was well above the level reported for the same three-month period in the prior year.
What to watch
The sequential revenue growth rate decelerated, which may warrant monitoring in future quarters.