ERIE INDEMNITY CO (ERIE) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Total revenues	2,840.1	2,634.0	2,536.5	2,477.3	2,382.2	1,691.8	42.3	1,505.5
Revenue growth	7.8%	3.8%	2.4%	4.0%	40.8%	3899.9%	-97.2%	7.0%
Loss and loss adjustment expenses
Policy acquisition costs
Investment expenses	1.3	1.2	1.5	1.1	1.0	1.5	1.2	0.9
Other operating expenses	2,462.4	2,256.3	2,166.5	2,078.7	2,007.4	1,373.3	-279.1	1,238.4
Equity in earnings						2.8	0.7	17.0
EBITDA	422.1	355.3	359.4	374.1	357.7	307.9	309.3	265.4
EBITDA margin	14.9%	13.5%	14.2%	15.1%	15.0%	18.2%	731.3%	17.6%
Depreciation	45.9	37.2	21.2	16.8	13.4	14.8	15.1	15.9
EBIT	376.2	318.1	338.2	357.3	344.3	293.1	294.2	249.5
EBIT margin	13.2%	12.1%	13.3%	14.4%	14.5%	17.3%	695.6%	16.6%
Interest income, net [+]	0.0	0.0	0.0	39.1	23.3	27.4	27.7	33.7
Interest expense				0.9	2.5	1.2	0.1
Interest income				40.0	25.8	28.6	27.8	33.7
Other income (expense), net	1.6	-4.9	-1.8	0.3	3.6	-1.9	-1.2
Pre-tax income	376.5	376.4	368.5	396.7	371.3	315.7	320.1	266.2
Income taxes	77.9	78.5	75.2	79.9	83.1	118.7	109.7	91.6
Tax rate	20.7%	20.9%	20.4%	20.1%	22.4%	37.6%	34.3%	34.4%
Net income	298.6	297.9	293.3	316.8	288.2	197.0	210.4	174.7
Net margin	10.5%	11.3%	11.6%	12.8%	12.1%	11.6%	497.4%	11.6%

Basic EPS	$308,531.48	$308,762.40	$308,542.94	$6.86	$6.24	$308,892.06	$4.55	$3.78
Diluted EPS	$6.46	$6.45	$6.35	$6.06	$5.51	$4.27	$4.01	$3.33

Shares outstanding (basic)	0.0	0.0	0.0	46.2	46.2	0.0	46.2	46.2
Shares outstanding (diluted)	46.2	46.2	46.2	52.3	52.3	46.2	52.4	52.5

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.