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Dec 31, 2019
Erie Insurance Q4 2019 Earnings Report
Erie Indemnity's net income decreased in Q4 2019 compared to Q4 2018.
Key Takeaways
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.
Net income was $59.6 million, or $1.14 per diluted share, in the fourth quarter of 2019.
Operating income was $68.7 million in Q4 2019, compared to $74.8 million in Q4 2018.
Management fee revenue from policy issuance and renewal services increased by $16.9 million in Q4 2019.
Management fee revenue allocated to administrative services increased $0.9 million in Q4 2019.
Revenue by Segment
Forward Guidance
The document does not contain specific forward guidance. It includes a Safe Harbor Statement that identifies risks and uncertainties that could affect future results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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