Erie Indemnity reports FY 2024 net income $600.3M ($11.48/diluted), up 34.6% YoY; Q4 net income $152M ($2.91/diluted)

ERIE INDEMNITY CO

FY 2024 net income $600.3M ($11.48/diluted), up from $446.1M ($8.53/diluted) YoY; operating income before taxes up 30.0%.
Q4 2024 net income $152.0M ($2.91/diluted), up from $110.9M ($2.12/diluted); operating income before taxes up 31.7%.
Management fee revenue (policy issuance & renewal) rose 18.5% in FY 2024 to $2.894B; commissions increased $252.9M.
Investment income before taxes $69.3M vs $29.0M in FY 2023; limited partnership earnings swung to $2.0M gain from $11.3M loss.
Quarterly dividend raised to $1.365/share from $1.275 (up 7.1%); payable April 22, 2025, record April 7, 2025.

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