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Dec 31, 2022
Erie Insurance Q4 2022 Earnings Report
Erie Indemnity's financial results for Q4 2022 were announced, showing increased net income and operating income compared to Q4 2021.
Key Takeaways
Erie Indemnity Company reported a net income of $65.5 million, or $1.25 per diluted share, for the fourth quarter of 2022, compared to $55.0 million, or $1.05 per diluted share, for the fourth quarter of 2021. Operating income before taxes increased by $19.6 million, or 31.7 percent, compared to the fourth quarter of 2021.
Net income for the quarter was $65.5 million, or $1.25 per diluted share.
Operating income before taxes increased by $19.6 million, or 31.7 percent, compared to Q4 2021.
Management fee revenue from policy issuance and renewal services increased by $53.3 million, or 11.8 percent, compared to Q4 2021.
Management fee revenue from administrative services increased by $0.6 million, or 4.0 percent, compared to Q4 2021.
Revenue by Segment
Forward Guidance
The uncertainty resulting from post-pandemic conditions and the current economic environment continues to evolve and the duration or extent of financial impacts remain uncertain.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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