Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...

Erie Indemnity (ERIE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Financial Data and Key Metrics - Net income for Erie Indemnity Company reached an all-time high of more than $446 million in 2023, compared to $299 million in 2022 [5] - Growth for Erie Insurance Exchange hit a 20-year high of 17%, reaching $10 billion in premiums in Q4 2023 [5] - Policyholder surplus ended at $9.3 billion in December 2023, with a $203 million increase in Q4 [6] - Combined ratio for the year ended at 119.1%, an improvement from September year-to-date but 3 points higher than year-end 2022 [6][19] - Management fee revenue increased by $98 million (19.5%) in Q4 2023 and $354 million (17%) for the full year compared to 2022 [7] - Pre-tax income from investments was $29 million in 2023, compared to $600,000 in 2022 [9] Business Line Data and Key Metrics - New business premium grew over 43% in Q4 2023 and almost 38% for the year compared to the prior year [7] - Non-commission expenses grew by $1 million in Q4 2023 and $47 million for the full year, driven by technology and customer service investments [8] - Commission expenses grew by $53 million in Q4 2023 and $169 million for the full year, driven by increased premiums [22] - Underwriting and policy processing costs increased by $9.4 million due to growth in the number of policies [23] Market Data and Key Metrics - Weather-related claims rose to nearly 70,000 in 2023, compared to roughly 50,000 in 2022 [19] - Retention levels remained strong at 91.2% despite rate increases [20] - Erie ranked number one in home insurance customer satisfaction by J.D. Power, with a score of 856, 37 points higher than the segment average [1][14] Company Strategy and Industry Competition - The company is modernizing legacy platforms, with a 75% reduction in system outage time after migrating Erie Claim Center to the cloud [11] - Investments in technology and customer service are aimed at long-term expense savings and innovation [25] - Erie Strategic Ventures, formed in 2022, focuses on investing in the personal and commercial insurance value chain [13] - The company is implementing rate increases and reinforcing underwriting standards to improve profitability [19] Management Commentary on Operating Environment and Future Outlook - The company faced significant challenges from economic and environmental pressures but achieved record growth [5] - Management expects long-term savings from modernization efforts and new digital capabilities [19] - The company is optimistic about the benefits of recent rate increases and strong retention levels [20] Other Important Information - The company paid $222 million in dividends in 2023 and approved a 7.1% increase in the 2024 regular quarterly cash dividend [24] - Erie launched a refreshed workers' compensation platform across all states in its footprint, with over 75 enhancements in 2023 [26][27] - Initial startup investments include Wagmo, Roots Automation, and Trust & Will, aimed at delivering value to Erie and its stakeholders [28] Q&A Session - No Q&A session was held as the call was prerecorded [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-24000 ERIE INDEMNITY COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 25-0466020 (State or other jurisdiction of (IRS Employer incorporation or organizat ...

Exhibit 99.2 Erie Indemnity Company Statements of Operations (dollars in thousands, except per share data) Three months ended December Twelve months ended 31, December 31, 2023 2022 2023 2022 (Unaudited) Operating revenue Management fee revenue - policy issuance and renewal services $ 601,595 $ 503,633 $ 2,442,073 $ 2,087,846 Management fee revenue - administrative services 16,693 14,877 63,669 58,323 Administrative services reimbursement revenue 192,728 175,613 737,139 668,268 Service agreement revenue 6,6 ...

ERIE, Pa., Feb. 8, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the fourth quarter and year-end on Tuesday, February 27th, at 10 a.m. Eastern Time. Erie Indemnity will issue a press release reporting its results after the close of the market on Monday, February 26th. The pre-recorded audio will be available on the company's Investor Relations website at www.erieinsurance.com/about/investors.aspx ...

Erie Indemnity Co (NASDAQ:ERIE) Q3 2023 Earnings Conference Call October 27, 2023 10:00 AM ET Timothy NeCastro - President & CEO Scott Beilharz - VP, Capital Management & IR Operator Scott Beilharz Before we begin, I would like to remind everyone that today's discussion may contain forward-looking remarks that reflect the company's current views about future events. These remarks are based on assumptions subject to known and unexpected risks and uncertainties. These risks and uncertainties may cause results ...

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 September 30, 2023 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 other jurisdic ...