NASDAQ$ERIE
Erie Indemnity Company · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Erie Indemnity's net income decreased in Q2 2020 due to economic disruption from COVID-19, while investment results improved from Q1 2020.
Erie Indemnity Company reported a decrease in net income for the second quarter of 2020, with net income at $82.0 million, or $1.57 per diluted share, compared to $87.8 million, or $1.68 per diluted share, in the second quarter of 2019. The decrease is attributed to economic disruptions from the COVID-19 pandemic. However, investment results improved compared to the first quarter of 2020.
- Net income decreased to $82.0 million, or $1.57 per diluted share, in Q2 2020 from $87.8 million, or $1.68 per diluted share, in Q2 2019.
- The Exchange experienced declines in new business due to business disruptions and recessionary conditions impacting management fee revenue.
- Financial markets partially recovered in the second quarter of 2020, improving investment results.
- Operating income before taxes decreased by $5.4 million, or 5.6 percent, in Q2 2020 compared to Q2 2019.
Headline financials
Revenue & EPS history
Erie Insurance · Revenue · Quarterly
$657M
Revenue by segment
Erie Insurance · $572M total across 2 segments · Q1 2023
- Policy Issuance & Renewal$556M—97.3%
- Administrative Services$15.7M—2.7%
Forward guidance
Forward-looking statements are subject to risks and uncertainties, including the potential impacts of the COVID-19 pandemic on the Exchange's growth and financial condition, dependence on relationships with the Exchange, and factors affecting the quality and liquidity of investment portfolios.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.3%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.5%
Avg return
30 days after
48%
31 / 64 earnings
Positive
+11.4%
Q4 2023
Best reaction
-11.7%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | -8.0% | -10.4% | |
| Q4 2025 | -0.8% | +2.1% | -7.8% | |
| Q3 2025 | -7.8% | -6.9% | -4.6% | |
| Q1 2025 | -11.5% | -12.3% | -14.7% | |
| Q4 2024 | +5.7% | +10.4% | +1.4% | |
| Q3 2024 | -7.8% | -9.2% | -2.1% | |
| Q2 2024 | +9.9% | +15.4% | +27.6% | |
| Q1 2024 | -0.2% | +0.0% | +1.6% | |
| Q4 2023 | +11.4% | +15.7% | +16.8% | |
| Q3 2023 | -7.2% | -6.2% | -0.5% | |
| Q2 2023 | +4.3% | +4.9% | +33.8% | |
| Q1 2023 | -0.4% | +4.3% | +0.4% | |
| Q4 2022 | -1.3% | +1.9% | -1.6% | |
| Q3 2022 | +5.7% | +8.1% | +14.0% | |
| Q2 2022 | +4.6% | +7.3% | +12.0% | |
| Q1 2022 | -4.6% | -0.7% | -0.5% | |
| Q4 2021 | +1.4% | -2.7% | +1.8% | |
| Q3 2021 | +3.9% | +7.3% | +5.6% | |
| Q2 2021 | +0.1% | -0.3% | -5.3% | |
| Q1 2021 | -2.8% | -3.5% | -8.7% | |
| Q4 2020 | -0.8% | -0.4% | -8.7% | |
| Q3 2020 | -0.8% | +2.4% | -3.5% | |
| Q2 2020 | +0.1% | +1.7% | -1.2% | |
| Q1 2020 | -7.5% | -6.5% | +1.6% | |
| Q4 2019 | -10.2% | -4.3% | +2.4% | |
| Q3 2019 | +1.1% | +1.8% | -5.7% | |
| Q2 2019 | -11.7% | -15.6% | -19.5% | |
| Q1 2019 | +5.2% | +4.8% | +13.3% | |
| Q4 2018 | +5.6% | +10.2% | +5.0% | |
| Q3 2018 | +5.0% | +5.9% | +7.2% | |
| Q2 2018 | +2.8% | +3.4% | +5.8% | |
| Q1 2018 | -1.5% | -1.4% | -3.9% | |
| Q4 2017 | -1.6% | -1.0% | -1.1% | |
| Q3 2017 | +2.3% | -0.3% | +1.0% | |
| Q2 2017 | +3.9% | +3.6% | -2.4% | |
| Q1 2017 | -2.3% | -4.0% | -4.9% | |
| Q4 2016 | +2.3% | +1.2% | +3.7% | |
| Q3 2016 | -0.6% | +1.0% | +6.9% | |
| Q2 2016 | -0.3% | +1.6% | +2.9% | |
| Q1 2016 | +1.4% | — | — | |
| Q4 2015 | -5.8% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +5.5% | — | — | |
| Q1 2015 | -4.3% | — | — | |
| Q4 2014 | -5.2% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | +4.5% | — | — | |
| Q4 2013 | +3.0% | — | — | |
| Q3 2013 | -2.1% | — | — | |
| Q2 2013 | -1.5% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q3 2012 | +6.3% | — | — | |
| Q2 2012 | -6.4% | — | — | |
| Q1 2012 | -9.1% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q3 2011 | +0.1% | — | — | |
| Q2 2011 | -2.6% | — | — | |
| Q1 2011 | -0.0% | — | — | |
| Q4 2010 | +1.2% | — | — | |
| Q3 2010 | +3.4% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q1 2010 | -4.9% | — | — |
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