NASDAQ$ERIE
Erie Indemnity Company · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Erie Indemnity reported strong earnings growth in Q4 2024, with significant increases in net income and operating income.
Erie Indemnity delivered robust financial results in Q4 2024, with net income rising to $152.0 million and operating income increasing by 31.7% year-over-year. Management fee revenue from policy issuance and renewal services saw a notable 16.1% growth. Investment income also improved, contributing to overall profitability.
- Net income increased 37.1% YoY to $152.0 million.
- Operating income rose 31.7% YoY, reaching $167.3 million.
- Management fee revenue from policy issuance grew 16.1% YoY.
- Investment income more than doubled to $20.8 million.
Headline financials
Revenue & EPS history
Erie Insurance · Revenue · Quarterly
$924M
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
Erie Indemnity expects continued growth in policy issuance and renewal services, with stable investment income supporting overall profitability.
Tailwinds
- Management fee revenue expected to grow further due to premium growth.
- Operating expenses are projected to remain well-managed.
- Investment income likely to stay strong with improved returns.
- Administrative services revenue anticipated to see continued gains.
- Solid cash position supporting financial flexibility.
Headwinds
- Potential regulatory changes may impact revenue streams.
- Higher commissions and personnel costs could pressure margins.
- Market volatility may affect investment income stability.
- Competitive pressures in the insurance sector remain a challenge.
- Macroeconomic factors such as inflation could impact profitability.
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 Q4 2024
-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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