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Sep 30, 2022
Erie Insurance Q3 2022 Earnings Report
Erie Indemnity's financial results were announced for Q3 2022, with net income at $1.61 per diluted share.
Key Takeaways
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.
Net income was $84.3 million, or $1.61 per diluted share.
Operating income before taxes increased $11.4 million, or 12.0 percent, compared to Q3 2021.
Management fee revenue from policy issuance and renewal services increased by $46.8 million, or 9.3 percent, compared to Q3 2021.
Loss from investments before taxes totaled $0.6 million, compared to income from investments before taxes of $20.6 million in Q3 2021.
Revenue by Segment
Forward Guidance
Forward-looking statements are subject to risks and uncertainties that could cause actual events and results to differ materially from those discussed.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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