ERIE
Erie Indemnity Company287.51
+0.47+0.16%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
15.03BP/E (TTM)
23.22Basic EPS (TTM)
12.38Dividend Yield
0.02%Recent Filings
8-K
8-K
Q3 net income surges 14.4%
Erie Indemnity reported third-quarter 2025 net income of $182.9 million, up 14.4% from $159.8 million in 2024, driven by 7.3% higher management fee revenue from policy services and 16.0% operating income growth before taxes. Year-to-date net income reached $496.0 million, a 10.6% increase, fueled by premium growth yet tempered by rising commissions and IT costs. The board also approved revised codes of conduct and ethics effective November 2025, addressing AI use and insider trading. Strong results reflect Exchange ties, but hinge on economic stability.
10-Q
Q3 FY2025 results
Erie Indemnity's Q3 2025 10-Q filing lacks detailed financial statements, focusing instead on a third amendment to its lease agreement with Erie Insurance Exchange, effective October 1, 2025, which updates Appendix A for multiple properties in Erie, Pennsylvania, including the H.O. Hirt Building and Sixth Street Tower, with rents ranging from $8.50 to $10.75 per square foot above ground. This adjustment replaces prior terms without indicating defaults, affirming the lease's ongoing validity. No revenue, profitability, or cash flow metrics are disclosed, leaving year-over-year or quarter-over-quarter changes unreported. Liquidity and debt details remain undisclosed in the 10-Q. The company holds steady on its core arrangement. Regulatory risks from Pennsylvania insurance laws could pressure operations.
8-K
Q2 net income rises 6.6%
Erie Indemnity reported Q2 2025 net income of $174.7 million, up 6.6% from $163.9 million in Q2 2024, driven by 8.3% higher management fee revenue from policy services amid premium growth, while operating costs rose on commissions and IT expenses. Investment income climbed to $19.6 million, boosted by stronger net yields. Board approved a $1.365 per Class A share dividend, payable October 21. Growth persists, yet ties to Erie Insurance Exchange pose risks.
10-Q
Q2 FY2025 results
Erie Indemnity's Q2 2025 results show steady topline growth, with revenue up year-over-year yet margins squeezed by higher operating costs. Net income dipped slightly quarter-over-quarter, driven by increased expenses in management services. Cash from operations remains solid, supporting liquidity without new debt draws. No major M&A or regulatory shifts noted. Competition in insurance distribution poses ongoing pressure on fees.
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