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Jun 30, 2022
Erie Insurance Q2 2022 Earnings Report
Erie Indemnity's financial results for Q2 2022 were announced, with net income per diluted share at $1.53.
Key Takeaways
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.
Net income was $80.1 million, or $1.53 per diluted share.
Operating income before taxes increased by $18.9 million, or 22.3 percent.
Management fee revenue from policy issuance and renewal services increased by $42.3 million, or 8.4 percent.
Loss from investments before taxes totaled $2.1 million, compared to income from investments before taxes of $16.4 million in the second quarter of 2021.