earnings
confidence high
sentiment neutral
materiality 0.60
Erie Indemnity Q2 EPS $1.51, revenue up 3.5%; declares $1.035 dividend (+7.3%)
ERIE INDEMNITY CO
2021-Q2 EPS reported
$491.00
revenue$1,310,207,000
- Net income $79.0M ($1.51 diluted EPS) vs $82.0M ($1.57) in Q2 2020.
- Total operating revenue $680.0M, +3.5% YoY; management fee revenue up 3.8%.
- Operating income before taxes fell 6.7% to $85.1M on higher expense growth.
- Board declared quarterly dividend $1.035/Class A share (payable Oct 20, record Oct 5).
- Year-to-date net income $152.6M ($2.92) vs $141.3M ($2.70) in 1H20.