Erie Indemnity Q3 Earnings Top on Higher Management Fee Revenues [Yahoo! Finance]
Erie Indemnity Company - Class A (ERIE)
Last erie indemnity company - class a earnings: 10/24 04:15 pm
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Source: Yahoo! Finance
The quarterly results reflected higher management fees and increased net investment income, offset by higher expenses. Erie Indemnity Company price-consensus-eps-surprise-chart | Erie Indemnity Company Quote Total revenues of $1 billion beat the Zacks Consensus Estimate by 1.5%. The top line improved 16.4% year over year. Management fee revenue - policy issuance and renewal services increased 18.5% year over year to $769.2 million. The Zacks Consensus Estimate was pegged at $773 million. Management fee revenue - administrative services increased 6.2% year over year to $17.2 million. The Zacks Consensus Estimate was pegged at $16.5 million. Investment income increased 58.9% year over year to $19.5 million. Commissions increased $66.3 million year over year in the third quarter, primarily attributable to growth in direct and affiliated assumed written premium and, to a lesser extent, an increase in agent incentive compensation related to the profitability component. Cost
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ERIE
News
- Erie Indemnity (NASDAQ:ERIE) Will Pay A Larger Dividend Than Last Year At $1.37 [Yahoo! Finance]Yahoo! Finance
- Erie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Regular DividendsPR Newswire
- Erie Indemnity Third Quarter 2024 Earnings: Revenues Beat Expectations [Yahoo! Finance]Yahoo! Finance
- Erie Indemnity Reports Third Quarter 2024 ResultsPR Newswire
- What To Expect From Erie Indemnity Ahead Of Q3 2024 Earnings [Seeking Alpha]Seeking Alpha
ERIE
Earnings
- 10/31/24 - Beat
ERIE
Sec Filings
- 12/17/24 - Form 8-K
- 12/12/24 - Form 8-K
- 11/14/24 - Form SC
- ERIE's page on the SEC website