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Dec 31, 2023
Erie Insurance Q4 2023 Earnings Report
Erie Indemnity reported net income of $110.9 million, or $2.12 per diluted share, for the fourth quarter of 2023.
Key Takeaways
Erie Indemnity Company reported an increase in net income to $110.9 million, or $2.12 per diluted share, in the fourth quarter of 2023, compared to $65.5 million, or $1.25 per diluted share, in the fourth quarter of 2022. Operating income before taxes increased by $45.7 million, or 56.1 percent. Management fee revenue from policy issuance and renewal services increased by $98.0 million, or 19.5 percent.
Net income for Q4 2023 was $110.9 million, or $2.12 per diluted share, compared to $65.5 million, or $1.25 per diluted share, in Q4 2022.
Operating income before taxes increased by $45.7 million, or 56.1 percent, in Q4 2023 compared to Q4 2022.
Management fee revenue from policy issuance and renewal services increased by $98.0 million, or 19.5 percent, in Q4 2023 compared to Q4 2022.
Management fee revenue from administrative services increased by $1.8 million, or 12.2 percent in Q4 2023 compared to Q4 2022.
Revenue by Segment
Forward Guidance
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Avg. Return Before/After Earnings
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