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Erie Indemnity Company (ERIE)
NASDAQ:ERIE
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
3.55Last Year’s EPS
3.13Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -11.47%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Erie's significant premium growth, increased income, and successful launch of Business Auto 2.0, alongside the celebration of its 100th anniversary. However, it also faced challenges with increased catastrophe losses and rising expenses, leading to underwriting losses and a slight decrease in policyholder surplus.Company Guidance
In the first quarter of 2025, Erie Indemnity Company experienced significant financial developments. Direct and assumed written premiums grew nearly 14% year-over-year, driven by rate increases in 2023 and 2024, with the average premium per policy rising by 13.2%. Policies in force increased by 3.2%, but the policy retention ratio slightly decreased to 89.9%. Catastrophe losses, especially from a significant March event, contributed 13 points to the Exchange's total first-quarter catastrophe losses of over 16 points, leading to a combined ratio of 108.1%, up from 106% in the same quarter of 2024. The company's net income was $138.4 million, or $2.65 per diluted share, compared to $124.6 million, or $2.38 per diluted share, in the previous year. Operating income rose by 9% to over $151 million, and management fee revenue increased by over 13% to $755 million. Investment income improved, reaching $19.5 million compared to $15 million in the first quarter of 2024, while dividends paid to shareholders amounted to almost $64 million.Centennial Celebration and Community Contributions
Erie Insurance marked its 100th anniversary, celebrating with community contributions totaling nearly $0.5 million to various nonprofits.
Strong Premium Growth
Direct and assumed written premiums grew by nearly 14% in the first quarter of 2025 compared to the prior year. Average premium per policy increased by 13.2%.
Increased Net Income and Operating Income
Net income rose to $138.4 million in Q1 2025 from $124.6 million in Q1 2024, while operating income increased 9% to more than $151 million.
Management Fee Revenue Growth
Management fee revenue from policy issuance and renewal services increased over 13% to $755 million in Q1 2025.
Investment Income Growth
Investment income in Q1 2025 was $19.5 million, up from $15 million in Q1 2024, driven by a $4 million growth in net investment income.
Business Auto 2.0 Rollout
Business Auto 2.0 was successfully rolled out to several states, enhancing the business auto product and customer experience.
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ERIE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ERIE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $408.73 | $361.85 | -11.47% |
| Feb 27, 2025 | $403.59 | $426.60 | +5.70% |
| Oct 31, 2024 | $445.79 | $412.36 | -7.50% |
| Jul 25, 2024 | $383.97 | $417.53 | +8.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Erie Indemnity Company (ERIE) report earnings?
Erie Indemnity Company (ERIE) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is Erie Indemnity Company (ERIE) earnings time?
Erie Indemnity Company (ERIE) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ERIE EPS forecast?
ERIE EPS forecast for the fiscal quarter 2025 (Q2) is 3.55.
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