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) 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 ...

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].

| | | | Three months ended March 31, | | | --- | --- | --- | --- | --- | | | | 2025 | | 2024 | | | | | (Unaudited) | | | Operating revenue | | | | | | Management fee revenue - policy issuance and renewal services | $ | 755,049 | $ | 665,686 | | Management fee revenue - administrative services | | 17,645 | | 16,934 | | Administrative services reimbursement revenue | | 210,273 | | 191,567 | | Service agreement revenue | | 6,432 | | 6,514 | | Total operating revenue | | 989,399 | | 880,701 | | Operating expens ...

Net Income was $138.4 million, Earnings per Diluted Share was $2.65ERIE, Pa., April 24, 2025 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending March 31, 2025.  Net income was $138.4 million, or $2.65 per diluted share, in the first quarter of 2025, compared to $124.6 million, or $2.38 per diluted share, in the first quarter of 2024. 1Q 2025 (in thousands) 1Q'25 1Q'24 Operating income $      151,376 $      138,812 Investment income ...

Company Announcement - Erie Indemnity Company will host a pre-recorded audio webcast to discuss its financial results for the first quarter on April 25th at 10 a.m. Eastern Time [1] - A press release detailing the financial results will be issued after the market closes on April 24th [1] Access Information - Participants can access the pre-recorded audio via phone by registering through a provided link and are encouraged to join the call fifteen minutes early to avoid delays [2] - Individuals can subscribe to receive Erie Indemnity financial news via email by visiting the company's website [2] Company Overview - Erie Insurance Group is the 12th largest homeowners insurer, 13th largest automobile insurer, and 13th largest commercial lines insurer in the U.S. based on direct premiums written [3] - Founded in 1925, Erie Insurance is a Fortune 500 company and ranks as the 17th largest property/casualty insurer in the U.S. based on total lines net premium written [3] - The company holds an A+ (Superior) rating from A.M. Best and has over 7 million policies in force, operating in 12 states and the District of Columbia [3]

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks w ...

Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to inherent risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Erie Indemnity (ERIE) is currently recommended due to its favorable Growth Score and top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth seen as a strong indicator of future stock price gains [3] - Erie Indemnity has a historical EPS growth rate of 15.3%, with projected EPS growth of 24.9% this year, significantly surpassing the industry average of 10.6% [4] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to fund new projects without external financing [5] - Erie Indemnity's year-over-year cash flow growth is 32.9%, exceeding the industry average of 26.8% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 13.8%, compared to the industry average of 7.6% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements [7] - Current-year earnings estimates for Erie Indemnity have been revised upward, with the Zacks Consensus Estimate increasing by 0.3% over the past month [8] Group 5: Overall Positioning - Erie Indemnity holds a Zacks Rank of 2 and a Growth Score of A, positioning it well for potential outperformance in the growth stock category [10]

Investors might want to bet on Erie Indemnity (ERIE) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investo ...

Erie Indemnity Company (NASDAQ:ERIE) Q4 2024 Results Conference Call February 28, 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 Operator Good morning, and welcome to the Erie Indemnity Company Fourth Quarter and Year End 2024 Earnings Conference Call. This call was prerecorded, and there will be no question and answer session following the re ...