Erie Indemnity(ERIE)
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Erie Indemnity(ERIE) - 2024 Q2 - Quarterly Report
2024-07-25 20:25
Note 8. Postretirement Benefits Our defined benefit pension plan funding policy is generally to contribute an amount equal to the greater of the target normal cost for the plan year, or the amount necessary to fund the plan to 100%. Accordingly, we made a $33 million contribution in January 2024. The funded pension plan net benefit asset is presented separately from the unfunded plan as a non-current asset on our Statements of Financial Position. (2) Pension plan income represents total plan income before r ...
Erie Indemnity(ERIE) - 2024 Q2 - Quarterly Results
2024-07-25 20:20
| --- | --- | --- | --- | --- | --- | --- | --- | |-------|-----------------------|-------|---------------------|-------|---------------------|-------------|-------------------| | | Three months \n2024 | ended | June 30, \n2023 | | Six months \n2024 | ended | June 30, \n2023 | | | (Unaudited) | | | | | (Unaudited) | | | $ | 760,886 | $ | 633,339 | $ | 1,426,572 | $ | 1,191,429 | | | 17,051 | | 15,636 | | 33,985 | | 30,825 | | | 206,028 | | 184,466 | | 397,595 | | 357,293 | | | 6,473 | | 6,429 | | 12,987 | | ...
Erie Indemnity Reports Second Quarter 2024 Results
Prnewswire· 2024-07-25 20:15
Net Income per Diluted Share was $3.13 for the Quarter and $5.52 for the Six Months of 2024 2Q and First Half 2024 (in thousands) 2Q'24 2Q'23 1H'24 1H'23 Operating income $ 190,208$ 134,158$ 329,020$ 244,701 Investment income 13,827 11,627 28,906 6,895 Other income 3,292 3,305 6,703 6,642 Income before income taxes 207,327 149,090 364,629 258,238 Income tax expense 43,424 31,238 76,174 54,145 Net income $ 163,903$ 117,852 $ 288,455$ 204,093 ERIE, Pa., July 25, 2024 /PRNewswire/ -- Erie Indemnity Company (NA ...
Erie Indemnity to host second quarter 2024 pre-recorded conference call and webcast
Prnewswire· 2024-07-15 20:00
ERIE, Pa., July 15, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the second quarter on Friday, July 26th, at 10 a.m. Eastern Time. Erie Indemnity will issue a press release reporting its results after the close of the market on Thursday, July 25th. The pre-recorded audio will be available on the company's Investor Relations website at www.erieinsurance.com/about/investors.aspx. To access the pre ...
Erie Indemnity(ERIE) - 2024 Q1 - Earnings Call Transcript
2024-04-26 23:32
Good morning, and welcome to the Erie Indemnity Company First Quarter 2024 Earnings Conference Call. This call was pre-recorded, and there will be no question-and-answer session following the recording. We continue to learn and make changes to further improve the in-office experience for employees, including new conference room technology and facility improvements and to support our sustainability efforts, we're installing energy costs across our home office campus to track and share the performance of each ...
Erie Indemnity (ERIE) Tops Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-25 23:35
Erie Indemnity (ERIE) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.15%. A quarter ago, it was expected that this insurance company would post earnings of $2.13 per share when it actually produced earnings of $2.12, delivering a surprise of -0.47%.Over the last four quarters, the ...
Erie Indemnity(ERIE) - 2024 Q1 - Quarterly Report
2024-04-25 20:25
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 March 31, 2024 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) Pennsylvania 25-0466020 (State or ...
Erie Indemnity(ERIE) - 2024 Q1 - Quarterly Results
2024-04-25 20:20
Erie Indemnity Company Statements of Financial Position Exhibit 99.2 Erie Indemnity Company Statements of Operations (dollars in thousands, except per share data) | | | | Three months ended March 31, | | | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | | | | | (Unaudited) | | | Operating revenue | | | | | | Management fee revenue - policy issuance and renewal services | $ | 665,686 | $ | 558,090 | | Management fee revenue - administrative services | | 16,934 | | 15,189 | | Administrative services reimb ...
Erie Indemnity to host first quarter 2024 pre-recorded conference call and webcast
Prnewswire· 2024-04-12 15:00
ERIE, Pa., April 12, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the first quarter on Friday, April 26th, at 10 a.m. Eastern Time. Erie Indemnity will issue a press release reporting its results after the close of the market on Thursday, April 25th. The pre-recorded audio will be available on the company's Investor Relations website at www.erieinsurance.com/about/investors.aspx. To access the p ...
Erie Indemnity (ERIE) is an Incredible Growth Stock: 3 Reasons Why
Zacks Investment Research· 2024-03-20 17:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...