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Mar 31, 2024
Erie Insurance Q1 2024 Earnings Report
Erie Indemnity's financial performance for Q1 2024 was reported, featuring increased net income and earnings per share.
Key Takeaways
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.
Net income for Q1 2024 was $124.6 million, equating to $2.38 per diluted share.
Operating income before taxes increased by 25.6% compared to Q1 2023.
Management fee revenue from policy issuance and renewal services increased by 19.3% compared to Q1 2023.
Management fee revenue from administrative services increased by 11.5% compared to Q1 2023.
Revenue by Segment
Forward Guidance
The document contains forward-looking statements subject to risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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