Erie Indemnity (ERIE) Revenue — Quarter Ended Dec 31, 2023
Revenue decreased from the prior quarter but remained higher than the same quarter last year. The reported revenue direction reflects a decline compared with the immediately preceding quarter.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue decreased from the prior quarter but remained higher than the same quarter last year. The reported revenue direction reflects a decline compared with the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$817.7M
Revenue reported for this quarter.
Quarter-over-quarter
-4.8%
Change from the immediately preceding quarter.
Year-over-year
+16.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3B
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 |
|---|---|---|
| Mar 31, 2023 | $752.5M | +12.0% |
| Jun 30, 2023 | $839.9M | +15.7% |
| Sep 30, 2023 | $858.9M | +15.9% |
| Dec 31, 2023 | $817.7M | +16.7% |
Revenue performance
Revenue for this quarter was lower than the previous quarter, reversing the upward trend seen in recent quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue declined. However, compared with the same quarter one year earlier, revenue grew.
What to watch
The quarter-over-quarter decline marks a break from the pattern of sequential growth observed earlier in the fiscal year.