Erie Indemnity(US:ERIE)2025-02-27 21:20Financial Performance - Total operating revenue for Q4 2024 reached $924.09 million, a 13.0% increase from $817.67 million in Q4 2023[2] - Net income for the twelve months ended December 31, 2024, was $600.31 million, up 34.4% from $446.06 million in 2023[2] - Class A common stock diluted net income per share increased to $2.91 in Q4 2024, compared to $2.12 in Q4 2023, representing a 37.0% growth[2] - Total operating expenses for Q4 2024 were $756.78 million, a 9.6% increase from $690.58 million in Q4 2023[2] - Net investment income for the twelve months ended December 31, 2024, was $70.16 million, a 57.5% increase from $44.57 million in 2023[2] - Dividends declared per share for Class A common stock increased to $1.365 in Q4 2024, compared to $1.275 in Q4 2023, reflecting a 7.1% increase[2] Balance Sheet - Total assets as of December 31, 2024, were $2.89 billion, a 16.9% increase from $2.47 billion in 2023[4] - Total liabilities as of December 31, 2024, were $901.36 million, up 11.4% from $809.13 million in 2023[4] - Shareholders' equity increased to $1.99 billion in 2024, a 19.5% increase from $1.66 billion in 2023[4] - Cash and cash equivalents increased to $298.40 million in 2024, up 107.2% from $144.06 million in 2023[4]