Erie Indemnity (ERIE) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter. However, it increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter decreased compared to the immediately preceding quarter. However, it increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$924.1M
Revenue reported for this quarter.
Quarter-over-quarter
-7.6%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.8B
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, 2024 | $880.7M | +17.0% |
| Jun 30, 2024 | $990.4M | +17.9% |
| Sep 30, 2024 | $999.9M | +16.4% |
| Dec 31, 2024 | $924.1M | +13.0% |
Revenue performance
The reported revenue declined from the prior quarter, yet remained higher than the level achieved in the same quarter of the previous year.
Quarterly comparison
Compared to the preceding quarter, revenue moved lower. In contrast, when measured against the corresponding quarter from last year, revenue was higher.
What to watch
The sequential decline in the most recent quarter breaks the trend of consecutive quarterly increases seen earlier in the year.