Erie Indemnity(US:ERIE)2025-10-30 20:21Financial Performance - Total operating revenue for Q3 2025 reached $1,066,739,000, a 6.7% increase from $999,886,000 in Q3 2024[2] - Net income for the nine months ended September 2025 was $495,955,000, up 10.6% from $448,285,000 in the same period of 2024[2] - Management fee revenue from policy issuance and renewal services increased to $825,275,000 in Q3 2025, compared to $769,162,000 in Q3 2024, reflecting a growth of 7.3%[2] - Total operating expenses for Q3 2025 were $857,818,000, a rise of 4.6% from $819,761,000 in Q3 2024[2] - Net investment income for the nine months ended September 2025 was $61,011,000, compared to $49,235,000 in the same period of 2024, marking a 24% increase[2] Assets and Equity - Total assets as of September 30, 2025, amounted to $3,324,328,000, up from $2,888,614,000 at the end of 2024, indicating a growth of 15.1%[3] - Shareholders' equity increased to $2,308,878,000 as of September 30, 2025, compared to $1,987,258,000 at the end of 2024, representing a growth of 16.2%[3] - Cash and cash equivalents, including restricted cash, increased to $568,551,000 as of September 30, 2025, compared to $298,397,000 at the end of 2024, a significant increase of 90.5%[3] Earnings and Dividends - Class A common stock diluted net income per share rose to $3.50 in Q3 2025 from $3.06 in Q3 2024, an increase of 14.4%[2] - Dividends declared per share for Class A common stock increased to $1.365 in Q3 2025 from $1.275 in Q3 2024, reflecting a growth of 7.1%[2]