Erie Indemnity Q3 net income rises to $159.8 million, or $3.06 per diluted share
Erie Indemnity reported third-quarter 2024 net income of $159.8 million, or $3.06 per diluted share, up from $131.0 million, or $2.51, a year earlier. Total operating revenue rose to $999.9 million from $858.9 million, and nine-month net income reached $448.3 million, or $8.57 per diluted share, compared with $335.1 million, or $6.41, in the same period of 2023. The results show higher profit on both a quarterly and year-to-date basis.
Key points
- Q3 2024 net income was $159.8 million, or $3.06 per diluted share, versus $131.0 million, or $2.51, in Q3 2023.
- Q3 2024 operating income before taxes rose $31.7 million, or 21.3 percent, year over year.
- Management fee revenue from policy issuance and renewal services increased $120.1 million, or 18.5 percent, in Q3 2024.
- The company will hold a pre-recorded audio webcast at 10:00 a.m. ET on November 1, 2024.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.