Erie Indemnity Company (NASDAQ:ERIE ) Q4 2024 Results Conference Call February 28, 2025 10:00 AM ET Company Participants Scott Beilharz - Vice President- Investor Relations Tim NeCastro - President and Chief Executive Officer Julie Pelkowski - Executive Vice President and Chief Financial Officer Operator Good morning, and welcome to the Erie Indemnity Company Fourth Quarter and Year-End 2024 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session following the recording.
ERIE's recent dividend hike reflects its solid capital position and balance sheet strength, which support effective capital deployment.
ERIE's Q3 results reflect higher management fees and increased net investment income, offset by higher expenses.
Erie Indemnity Company (NASDAQ:ERIE ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Scott Beilharz - VP, IR Tim NeCastro - President and CEO Julie Pelkowski - EVP and CFO Operator Good morning, and welcome to the Erie Indemnity Company Third Quarter 2024 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session following the recording.
Erie Indemnity (ERIE) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $2.51 per share a year ago.
ERIE's third-quarter results are likely to benefit from improved performance at both the personal and commercial lines.
Erie Indemnity's Q2 results were strong, with EPS of $3.13 beating estimates and revenue increasing by 17.9% year-over-year to $990.44 million. Despite recent stock resistance, Erie's strong management fee revenue and customer retention highlight its robust business model and growth potential. More recently, ERIE stock fell: investors may have reacted to potential higher operational costs and Federal Reserve interest rate concerns, causing recent stock price fluctuations.
Herb Greenberg, Herb Greenberg on the street editor, joins 'Power Lunch' to discuss the risks and rewards of Erie Indemnity.
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