Erie Indemnity Q2 net income $163.9M ($3.13 diluted EPS); management fee revenue up 20.1%

ERIE INDEMNITY CO

Net income $163.9M ($3.13 diluted EPS) vs $117.9M ($2.25) in Q2 2023, up 39% YoY.
Management fee revenue from policy issuance and renewal rose 20.1% to $760.9M.
Operating income before taxes increased 41.8% to $190.2M.
Quarterly dividend declared at $1.275 per Class A share, up 7.1% vs $1.19 year ago; payable Oct 22, 2024.
First half 2024 net income $288.5M ($5.52 diluted EPS) vs $204.1M ($3.90) in 1H 2023.

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