Erie Indemnity FY 2023 EPS $8.53 vs $5.71; Q4 EPS $2.12; dividend raised to $1.275/quarter

ERIE INDEMNITY CO

Full year net income $446.1M ($8.53 diluted EPS) vs $298.6M ($5.71) in 2022; Q4 net income $110.9M ($2.12) vs $65.5M ($1.25).
Operating income before taxes up 38.3% for the year and 56.1% for Q4, driven by 17% management fee revenue growth.
Investment income surged to $29.0M for 2023 (from $0.6M) on higher net investment income and lower realized losses.
Quarterly dividend increased to $1.275 per Class A share from $1.190; payable April 23, 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ERIE INDEMNITY CO reported full year and quarter ending December 31, 2023 results: net income Net income was $446.1 million, or $8.53 per diluted share, in 2023, EPS $8.53 per diluted share.

Period: full year and quarter ending December 31, 2023
Net income: Net income was $446.1 million, or $8.53 per diluted share, in 2023
EPS: $8.53 per diluted share
Result: reported results

Exact text from the filing

On February 26, 2024, Erie Indemnity Company (the "Company") issued a press release announcing financial results for the quarter and year ended December 31, 2023.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

ERIE INDEMNITY CO filing history →

Source: SEC EDGAR

accession 0000922621-24-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.