Erie Indemnity (ERIE) has strong growth characteristics that may enable it to significantly exceed market performance.
Erie Indemnity (ERIE) could see an increase in value due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #2 (Buy).
For the quarter, the Net Income per Diluted Share was $2.91, and for the entire year, it was $11.48. Erie Indemnity Company (NASDAQ: ERIE) shared its financial results for the year and quarter that ended on December 31, 2024, on February 27, 2025.
ERIE, Pa., Feb. 3, 2025 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will hold a pre-recorded audio webcast for the financial community to share its financial results for the fourth quarter and the entire year on Friday, February 28th, at 10 a.m. Eastern Time.
ERIE's recent increase in dividends shows that it has a strong financial position and a healthy balance sheet, allowing it to use its capital effectively.
ERIE, Pa., Dec. 12, 2024 /PRNewswire/ -- During their meeting on December 10, 2024, the Board of Directors of Erie Indemnity Company (NASDAQ: ERIE) decided on the management fee rate for Erie Insurance Exchange, approved a rise in shareholder dividends, and announced the regular quarterly dividend. Erie Indemnity Company has been paying regular dividends to shareholders since 1933.
ERIE's results for the third quarter show that management fees and net investment income have risen, but this is balanced out by higher expenses.
Erie Indemnity Company (NASDAQ:ERIE) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 10:00 AM ET. The call will feature company representatives including Scott Beilharz, Tim NeCastro, and Julie Pelkowski. Please note that this call has been prerecorded, and there will not be a question-and-answer session afterward.
Erie Indemnity (ERIE) reported quarterly earnings of $3.06 per share, which is higher than the Zacks Consensus Estimate of $2.99 per share. This is an increase compared to earnings of $2.51 per share from the same period last year.
ERIE's results for the third quarter are expected to improve due to better performance in both personal and commercial lines.