Erie Indemnity Q3 Earnings Top on Higher Management Fee Revenues

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 ...