Erie Indemnity(ERIE)

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Erie Indemnity(ERIE) - 2025 Q2 - Earnings Call Transcript
2025-08-08 15:00
Erie Indemnity Company (ERIE) Q2 2025 Earnings Call August 08, 2025 10:00 AM ET Speaker0Good morning and welcome to the Erie Indemnity Company Second Quarter twenty twenty five Earnings Conference Call. This call was prerecorded and there will be no question and answer session following the recording. Now, I'd like to introduce your host for the call, Vice President of Investor Relations, Scott Milehars.Speaker1Thank you, and welcome, everyone. We appreciate you joining us for this recorded discussion about ...
Erie Indemnity (ERIE) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2025-08-07 22:36
Erie Indemnity (ERIE) came out with quarterly earnings of $3.34 per share, missing the Zacks Consensus Estimate of $3.55 per share. This compares to earnings of $3.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.92%. A quarter ago, it was expected that this insurance company would post earnings of $3.19 per share when it actually produced earnings of $2.65, delivering a surprise of -16.93%.Over the last four quarters, th ...
Erie Indemnity(ERIE) - 2025 Q2 - Quarterly Report
2025-08-07 20:28
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___to___ Commission file number 0-24000 ERIE INDEMNITY COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of (IR ...
Erie Indemnity(ERIE) - 2025 Q2 - Quarterly Results
2025-08-07 20:24
Exhibit 99.2 Erie Indemnity Company Consolidated Statements of Operations (dollars in thousands, except per share data) | | | | Three months ended June 30, | | | Six months ended June 30, | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | | 2025 | | 2024 | | | | | (Unaudited) | | | (Unaudited) | | | | Operating revenue | | | | | | | | | | Management fee revenue - policy issuance and renewal services | $ | 823,853 | $ | 760,886 | $ | 1,578,902 | $ | 1,426,572 | | Management f ...
Erie Indemnity Reports Second Quarter 2025 Results
Prnewswire· 2025-08-07 20:15
Net Income per Diluted Share was $3.34 for the Quarter and $5.99 for the Six Months of 2025ERIE, Pa., Aug. 7, 2025 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter and six months ending June 30, 2025. Net income was $174.7 million, or $3.34 per diluted share, in the second quarter of 2025, compared to $163.9 million, or $3.13 per diluted share, in the second quarter of 2024. Net income was $313.1 million, or $5.99 per diluted share, in the first six m ...
69 July Aristocrats: Hormel Is Still The One Hot Dog
Seeking Alpha· 2025-07-23 22:32
Group 1 - S&P added three companies to the Dividend Aristocrats in January 2025: Erie Indemnity, Eversource Energy, and FactSet Research Systems [1] - The inclusion of these companies is attributed to their long records of annual dividend increases [1] Group 2 - The article promotes a subscription service for tracking Dividend Aristocrats and related portfolios [2] - It encourages engagement on social media platforms, specifically highlighting a live video series that features potential portfolio candidates [2] - The content invites readers to comment on stock tickers for potential inclusion in future reports [2]
Erie Indemnity Company: A Good Buying Opportunity
Seeking Alpha· 2025-07-02 07:21
Group 1 - Erie Indemnity Company (NASDAQ: ERIE) has demonstrated strong performance in recent years, leading to a positive market perception and customer opinion [1] - The company is analyzed using a triangulation approach that includes valuation by multiples, discounted cash flow (DCF), and dividend yield [1] - Focus is placed on Consumer Discretionary and Consumer Staples sectors, particularly on smaller capitalization companies with low institutional coverage, which present greater potential for investment opportunities [1] Group 2 - The investment philosophy emphasizes a combination of income and value investing strategies, requiring a sufficient margin of safety in both multiples and projected cash flow [1] - Dividend yield is considered a crucial component for generating returns and mitigating risks, especially in low coverage stocks [1] - In-depth, data-driven analyses are produced to support informed investment decisions [1]
Erie Indemnity(ERIE) - 2025 Q1 - Earnings Call Transcript
2025-04-25 14:51
Erie Indemnity Company (NASDAQ:ERIE) Q1 2025 Earnings Conference Call April 25, 2025 10:00 AM ET Company Participants Scott Beilharz - Vice President- Investor Relations Tim NeCastro - President and Chief Executive Officer Julie Pelkowski - Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Erie Indemnity Company First Quarter 2025 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session fol ...
Erie Indemnity (ERIE) Q1 Earnings Lag Estimates
ZACKS· 2025-04-24 22:30
Erie Indemnity (ERIE) came out with quarterly earnings of $2.65 per share, missing the Zacks Consensus Estimate of $3.19 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.93%. A quarter ago, it was expected that this insurance company would post earnings of $2.82 per share when it actually produced earnings of $2.91, delivering a surprise of 3.19%.Over the last four quarters, the ...
Erie Indemnity(ERIE) - 2025 Q1 - Quarterly Report
2025-04-24 20:32
Portfolio and Asset Management - The company reported no material changes in its portfolio or asset allocations during the three months ended March 31, 2025, despite ongoing geopolitical risks and economic uncertainties[157]. - The company continues to monitor the economic environment and financial markets to minimize potential risk exposure to cash and investment balances[157]. Stock Repurchase Program - The stock repurchase program authorized a total of $150 million with no time limitation, with 4,894 shares repurchased at an average price of $424.35 during the quarter ending March 31, 2025[175]. - The average price paid for shares repurchased in January 2025 was $379.88, while in March 2025, it was $446.47[175]. Legal Proceedings - The company intends to vigorously defend against allegations in ongoing legal proceedings related to fiduciary duty breaches, with the most recent complaint filed in December 2021[161]. - The company has been involved in multiple legal actions regarding management fees, with claims for damages to be determined at trial[162]. - The company filed a Petition for Writ of Certiorari with the Supreme Court of the United States regarding federal jurisdiction, which was denied on February 26, 2024[169]. - The company is awaiting a decision on an appeal related to a preliminary injunction that would prevent further state court proceedings on the same issues[171]. Internal Controls and Disclosure - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures are effective as of the end of the reporting period[158]. - There have been no changes in internal control over financial reporting that materially affected the company during the three months ended March 31, 2025[159].