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Mar 31, 2022
Erie Insurance Q1 2022 Earnings Report
Erie Indemnity reported net income of $68.6 million and EPS of $1.31 for Q1 2022.
Key Takeaways
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.
Net income was $68.6 million, or $1.31 per diluted share.
Operating income before taxes increased by $8.2 million, or 10.8 percent, compared to Q1 2021.
Management fee revenue from policy issuance and renewal services increased by $32.3 million, or 7.1 percent, compared to Q1 2021.
Management fee revenue from administrative services decreased by $0.5 million, or 3.6 percent, compared to Q1 2021.
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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