NASDAQ$ERIE

Erie Indemnity Company · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Erie Indemnity's financial results for Q2 2022 were announced, with net income per diluted share at $1.53.

Erie Indemnity Company reported a net income of $80.1 million, or $1.53 per diluted share, for the second quarter of 2022, compared to $79.0 million, or $1.51 per diluted share, for the second quarter of 2021. Operating income before taxes increased by $18.9 million, or 22.3 percent, compared to the same period last year.

  • Net income was $80.1 million, or $1.53 per diluted share.
  • Operating income before taxes increased by $18.9 million, or 22.3 percent.
  • Management fee revenue from policy issuance and renewal services increased by $42.3 million, or 8.4 percent.
  • Loss from investments before taxes totaled $2.1 million, compared to income from investments before taxes of $16.4 million in the second quarter of 2021.

Headline financials

Total Revenue

$726M

Previous: $680M+6.8%
EPS (adj)

$1.53

Previous: $1.51+1.3%
Free Cash Flow

$80.1M

Previous: $79M+1.4%
Net Income

$80.1M

Previous: $79M+1.4%
Operating Income

$104M

Previous: $85.1M+22.3%
Gross Profit

-$2.15M

Previous: $128K-1775.8%
Total Assets

$2.18B

Previous: $2.16B+0.8%

Revenue & EPS history

Erie Insurance · Revenue · Quarterly

$726M

Q2 2022+6.8%vs Q2 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Erie Insurance · $562M total across 2 segments · Q2 2022

  • Policy Issuance & Renewal
    $547M+2854.6%
  • Administrative Services
    $15.6M+15700.0%

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 2022

Historical avgQ2 2022

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro