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Erie Indemnity Company  (ERIE)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial
 
Price: $380.4600 $2.27 0.600%
Day's High: $383.87 Week Perf: -0.18 %
Day's Low: $ 376.79 30 Day Perf: -8.72 %
Volume (M): 39 52 Wk High: $ 420.34
Volume (M$): $ 14,800 52 Wk Avg: $294.82
Open: $380.35 52 Wk Low: $199.49



 Market Capitalization (Millions $) 19,895
 Shares Outstanding (Millions) 52
 Employees 4,800
 Revenues (TTM) (Millions $) 3,298
 Net Income (TTM) (Millions $) 446
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 93

Erie Indemnity Company
Erie Indemnity Company is a publicly held Pennsylvania business corporation that has since our incorporation in 1925 served as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange ("Exchange"). The Exchange, which also commenced business in 1925, is a Pennsylvania-domiciled, reciprocal insurer that writes property and casualty insurance. We function solely as the management company and all insurance operations are performed by the Exchange. We operate our business as one segment.

Our primary function as attorney-in-fact is to perform certain services for the Exchange relating to the sales, underwriting, and issuance of policies on behalf of the Exchange. This is done in accordance with a subscriber’s agreement (a limited power of attorney) executed individually by each subscriber (policyholder), which appoints us as their common attorney-in-fact to transact certain business on their behalf and to manage the affairs of the Exchange. Pursuant to the subscriber’s agreement and for our services as attorney-in-fact, we earn a management fee calculated as a percentage, not to exceed 25%, of the direct and assumed premiums written by the Exchange. The management fee rate is set annually by our Board of Directors.

The services we provide to the Exchange are related to the sales, underwriting and issuance of policies. The sales related services we provide include agent compensation and certain sales and advertising support services. Agent compensation includes scheduled commissions to agents based upon premiums written as well as additional commissions and bonuses to agents, which are earned by achieving targeted measures.

Our primary purpose is to manage the affairs at the Exchange for the benefit of the policyholders. The Exchange is our sole customer and our earnings primarily come from management fees based on the direct and assumed premiums written by the Exchange. We have no direct competition in providing these services to the Exchange.



   Company Address: 100 Erie Insurance Place, Erie, 16530 PA
   Company Phone Number: 870-2000   Stock Exchange / Ticker: NASDAQ ERIE
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AON        1.62% 
AGO   -4%    
CFR        1% 
ONB   -0.19%    
TFC   -2.88%    
UNM        2.8% 
• View Complete Report
   



Erie Indemnity Company

Erie Indemnity Company Reports Strong Double-Digit Revenue Growth in Q4 2023

ERIE Stock: A Bullish Outlook for Erie Indemnity Company
Erie Indemnity Company (ERIE) has recently released its financial results for the October to December 31, 2023 period, and the numbers are promising. Earnings per share have shown a significant improvement of 123.5%, reaching $2.12 per share. Moreover, the company's revenue has increased by an impressive 12.251% to $827.44 million, outperforming its industry peers in the Insurance Brokerage sector, who only witnessed a 10.98% improvement during the same period.
When comparing the results to the previous reporting period, it is evident that ERIE has successfully turned around its profits. The company experienced a decline in profits from $2.51 per share to $2.12, but it managed to increase net earnings by 100.18% to $110.928 million. This showcases the company's ability to improve its bottom line effectively.

Erie Indemnity Company

Erie Indemnity Company's Remarkable Performance Shines in Fiscal Third Quarter of 2023

Despite the seemingly impressive earnings reported by the Insurance Brokerage company in the fiscal third quarter of 2023, there are several concerning factors that indicate a bearish outlook for Erie Indemnity Company.
Firstly, while the revenue for the quarter showed an increase of 17.629% compared to the previous year, it only rose by 2.319% from the previous quarter. This suggests a significant slowdown in growth, which raises questions about the company's ability to sustain its positive momentum in the future.

Erie Indemnity Company

Stunning 71.76% Surge in Earnings Amplifies Erie Indemnity's Profitability in the Second Fiscal Quarter of 2023



Erie Indemnity Company, a prominent insurance brokerage firm, has recently released its financial results for the April to June 30, 2023 period. The company reported a remarkable increase in income per share and revenue, demonstrating strong performance within the insurance brokerage industry. In addition, Erie Indemnity Company showcased improved profit margins and a significant rise in net earnings. These results indicate a positive outlook for the company's future.
Financial Performance:
Earnings per share for Erie Indemnity Company surged by 71.76% year-on-year to $2.25 per share in the second quarter of 2023. This significant growth reflects the company's ability to capitalize on market opportunities and execute successful business strategies. Additionally, revenue increased by 26.125% to reach $851.50 million, highlighting the company's strong sales performance.
Furthermore, Erie Indemnity Company's financial results align well with the overall insurance brokerage industry, which experienced an 8.53% revenue rise during the same period. This correlation suggests that Erie Indemnity Company is effectively navigating industry trends and benefiting from the sector's growth.






 

Erie Indemnity's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Erie Indemnity does not provide revenue guidance.

Earnings Outlook
Erie Indemnity Company does not provide earnings estimates.

 
Geographic Revenue Dispersion




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