Company Overview - Erie Indemnity Company is hosting a pre-recorded audio webcast to discuss its financial results for the fourth quarter and year-end on February 28, 2025, at 10 a.m. Eastern Time [1] - The company will issue a press release with its financial results after the market closes on February 27, 2025 [1] - Erie Insurance Group is the 12th largest homeowners insurer, 13th largest automobile insurer, and 13th largest commercial lines insurer in the United States 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 has more than 7 million policies in force and operates in 12 states and the District of Columbia [3] Financial Communication - Participants can access the pre-recorded audio via phone by registering through a provided link and are encouraged to join the conference call fifteen minutes early to avoid delays [2] - To receive automatic updates on Erie Indemnity's financial news, individuals can subscribe to email alerts on the company's website [2]

Core Points - Erie Indemnity Company's board approved a 7.1% increase in its dividend, with the new payout effective from January 22, 2025 [1][2] - The new dividend for Class A shares is $1.365, up from $1.275, and for Class B shares, it is $204.75, up from $191.25 [2] - The company's five-year annualized dividend growth is approximately 7.3%, with a payout ratio of 48, indicating operational strength and commitment to shareholder returns [3] Financial Strength - Erie Indemnity has a solid capital position, exiting the third quarter with a surplus of $9.2 billion, supporting effective capital deployment [4] - The company has a history of paying dividends since 1933 and occasionally pays special dividends and repurchases shares [4] Business Performance - Improvement in premiums for homeowners and commercial multi-peril products, along with strong retention and new revenue sources, is expected to sustain future dividend hikes [5] - Year-to-date, shares of Erie Indemnity have increased by 22.6%, compared to the industry's increase of 28.9% [6]

ERIE, Pa., Dec. 12, 2024 /PRNewswire/ -- At its regular meeting held Dec. 10, 2024, the Board of Directors of Erie Indemnity Company (NASDAQ: ERIE) set the management fee rate charged to Erie Insurance Exchange, approved an increase in shareholder dividends and declared the regular quarterly dividend. Erie Indemnity Company has paid regular shareholder dividends since 1933.The Board agreed to maintain the current management fee rate paid to Erie Indemnity Company by Erie Insurance Exchange at 25 percent, ef ...

Erie Indemnity Company's (ERIE) third-quarter 2024 adjusted earnings of $3.06 per share beat the Zacks Consensus Estimate by 2.3%. The bottom line increased 21.9% year over year.The quarterly results reflected higher management fees and increased net investment income, offset by higher expenses.ERIE’s Q3 DetailsTotal revenues of $1 billion beat the Zacks Consensus Estimate by 1.5%. The top line improved 16.4% year over year. Management fee revenue - policy issuance and renewal services increased 18.5% year ...

Erie Indemnity (ERIE) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $2.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.34%. A quarter ago, it was expected that this insurance company would post earnings of $2.55 per share when it actually produced earnings of $3.13, delivering a surprise of 22.75%.Over the last four quarters, the ...

Net Income per Diluted Share was $3.06 for the Quarter and $8.57 for the Nine Months of 2024ERIE, Pa., Oct. 31, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter and nine months ending September 30, 2024.  Net income was $159.8 million, or $3.06 per diluted share, in the third quarter of 2024, compared to $131.0 million, or $2.51 per diluted share, in the third quarter of 2023.  Net income was $448.3 million, or $8.57 per diluted share, in the first ...

Erie Indemnity Company (ERIE) is slated to report third-quarter 2024 earnings on Oct. 31, after market close. EG's earnings beat estimates in three of the trailing four quarters while missing in one.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Factors to ConsiderBoth the personal and commercial lines are likely to have witnessed new policy growth, with improved pricing and solid customer retention driving growth. This, in turn, is likely to have fueled management fee revenue grow ...

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ERIE, Pa., Oct. 2, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the third quarter on Friday, Nov 1st, at 10 a.m. Eastern Time. Erie Indemnity will issue a press release reporting its results after the close of the market on Thursday, Oct 31st. 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-reco ...

Company Overview - Erie Indemnity (ERIE) currently holds a Momentum Style Score of B, indicating potential for strong performance based on recent price trends and earnings estimate revisions [3][10] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4][10] Price Performance - Over the past week, ERIE shares have increased by 2.9%, outperforming the Zacks Insurance - Brokerage industry, which rose by 0.8% [6] - In the last month, ERIE's price change is 9.87%, significantly higher than the industry's 3.45% [6] - Over the past quarter, ERIE shares have surged by 45.12%, and over the last year, they have gained 82.49%, while the S&P 500 has only increased by 3.93% and 27.48%, respectively [7] Trading Volume - The average 20-day trading volume for ERIE is 110,344 shares, which serves as a baseline for assessing price movements [8] Earnings Outlook - In the past two months, one earnings estimate for ERIE has been revised upward, while none have been lowered, leading to an increase in the consensus estimate from $10.05 to $11.41 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]