Erie Insurance Earnings Reports

Erie Indemnity posted a net income of $138,417,000 and total revenue of $989,399,000 for Q1 2025, driven by solid growth in operating and investment income.

Erie Indemnity delivered robust financial results in Q4 2024, with net income rising to $152.0 million and operating income increasing by 31.7% year-over-year. Management fee revenue from policy issuance and renewal services saw a notable 16.1% growth. Investment income also improved, contributing to overall profitability.

Erie Indemnity Company announced financial results for the third quarter of 2024, with net income reaching $159.8 million, or $3.06 per diluted share, compared to $131.0 million, or $2.51 per diluted share, in the third quarter of 2023. Operating income before taxes increased by $31.7 million, or 21.3 percent, compared to the same period last year. Management fee revenue from policy issuance and renewal services increased by $120.1 million, or 18.5 percent.

Erie Indemnity Company reported a net income of $163.9 million, or $3.13 per diluted share, for the second quarter of 2024, compared to $117.9 million, or $2.25 per diluted share, for the same period in 2023. Operating income before taxes increased by $56.1 million, or 41.8 percent, compared to the second quarter of 2023.

Erie Indemnity Company reported a net income of $124.6 million, or $2.38 per diluted share, for the first quarter of 2024, compared to $86.2 million, or $1.65 per diluted share, for the first quarter of 2023. Operating income before taxes increased by $28.3 million, or 25.6 percent, compared to the first quarter of 2023.

Erie Indemnity Company reported an increase in net income to $110.9 million, or $2.12 per diluted share, in the fourth quarter of 2023, compared to $65.5 million, or $1.25 per diluted share, in the fourth quarter of 2022. Operating income before taxes increased by $45.7 million, or 56.1 percent. Management fee revenue from policy issuance and renewal services increased by $98.0 million, or 19.5 percent.

Erie Indemnity Company reported a net income of $131.0 million, or $2.51 per diluted share, for the third quarter of 2023, compared to $84.3 million, or $1.61 per diluted share, for the same period in 2022. The company's operating income before taxes increased by $42.0 million, or 39.4 percent. Management fee revenue from policy issuance and renewal services increased by $97.4 million, or 17.7 percent.

Erie Indemnity Company reported a net income of $117.9 million, or $2.25 per diluted share, for the second quarter of 2023, compared to $80.1 million, or $1.53 per diluted share, for the same period in 2022. Operating income before taxes increased by $30.2 million, or 29.0 percent. Management fee revenue from policy issuance and renewal services increased by $88.8 million, or 16.3 percent.

Erie Indemnity Company reported a net income of $86.2 million, or $1.65 per diluted share, for the first quarter of 2023, compared to $68.6 million, or $1.31 per diluted share, for the same period in 2022. Operating income before taxes increased by $26.2 million, or 31.1 percent, compared to the first quarter of 2022.

Erie Indemnity Company reported a net income of $65.5 million, or $1.25 per diluted share, for the fourth quarter of 2022, compared to $55.0 million, or $1.05 per diluted share, for the fourth quarter of 2021. Operating income before taxes increased by $19.6 million, or 31.7 percent, compared to the fourth quarter of 2021.

Erie Indemnity Company reported a net income of $84.3 million, or $1.61 per diluted share, for the third quarter of 2022. This is compared to a net income of $90.2 million, or $1.72 per diluted share, for the third quarter of 2021.

Erie Indemnity Company reported a net income of $80.1 million, or $1.53 per diluted share, for the second quarter of 2022, compared to $79.0 million, or $1.51 per diluted share, for the second quarter of 2021. Operating income before taxes increased by $18.9 million, or 22.3 percent, compared to the same period last year.

Erie Indemnity Company announced its financial results for the quarter ending March 31, 2022. The company reported a net income of $68.6 million, which translates to $1.31 per diluted share. This compares to a net income of $73.6 million, or $1.41 per diluted share, in the first quarter of 2021.

Erie Indemnity Company reported a decrease in net income for the fourth quarter of 2021, with $55.0 million, or $1.05 per diluted share, compared to $62.8 million, or $1.20 per diluted share, in the fourth quarter of 2020. Operating income before taxes also decreased by $3.2 million, or 4.9 percent, compared to the same period last year.

Erie Indemnity Company reported a net income of $90.2 million, or $1.72 per diluted share, for the third quarter of 2021, slightly up from $89.2 million, or $1.71 per diluted share, in the third quarter of 2020. Operating income before taxes decreased slightly by $1.1 million, or 1.2 percent, compared to the same quarter last year. Management fee revenue from policy issuance and renewal services increased, while revenue from administrative services decreased.

Erie Indemnity Company reported a decrease in net income for the second quarter of 2021, with $79.0 million, or $1.51 per diluted share, compared to $82.0 million, or $1.57 per diluted share, in the second quarter of 2020.

Erie Indemnity Company reported a net income of $73.6 million, or $1.41 per diluted share, for the first quarter of 2021, compared to $59.3 million, or $1.13 per diluted share, for the first quarter of 2020.

Erie Indemnity Company reported a net income of $62.8 million, or $1.20 per diluted share, for the fourth quarter of 2020, compared to $59.6 million, or $1.14 per diluted share, for the fourth quarter of 2019. Operating income decreased by 5.3% compared to the fourth quarter of 2019. The company experienced growth in new business premiums in the second half of 2020 and benefited from the recovery of financial markets.

Erie Indemnity Company reported a net income of $89.2 million, or $1.71 per diluted share, for the third quarter of 2020. This compares to a net income of $94.2 million, or $1.80 per diluted share, for the third quarter of 2019. New business premiums grew 10.4% in the third quarter of 2020 compared to the same period in 2019.

Erie Indemnity Company reported a decrease in net income for the second quarter of 2020, with net income at $82.0 million, or $1.57 per diluted share, compared to $87.8 million, or $1.68 per diluted share, in the second quarter of 2019. The decrease is attributed to economic disruptions from the COVID-19 pandemic. However, investment results improved compared to the first quarter of 2020.

Erie Indemnity Company reported a net income of $59.3 million, or $1.13 per diluted share, for the first quarter of 2020. While the company did not experience significant financial impacts on its core businesses due to COVID-19, financial market volatility significantly impacted the investment portfolio.

Erie Indemnity Company reported a decrease in net income for the fourth quarter of 2019, with $59.6 million, or $1.14 per diluted share, compared to $62.3 million, or $1.19 per diluted share, for the same period in 2018. The full year 2019 net income was $316.8 million, or $6.06 per diluted share, compared to $288.2 million, or $5.51 per diluted share, in 2018.