Detail akcie Erie Indemnity online

Business Summary: Erie Indemnity Company serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty subsidiaries, including Erie Insurance Company, Erie Insurance Company of New York, Erie Insurance Property & Casualty Company, and Flagship City Insurance Company. The Exchange also has a wholly owned life insurance company, Erie Family Life Insurance Company (EFL). Its primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. It also acts as attorney-in-fact on behalf of the subscribers at the Exchange with respect to all claims handling and investment management services, as well as the service provider for all claims handling, life insurance and investment management services for the Exchange's insurance subsidiaries (collectively, administrative services).
Financial Summary: BRIEF: For the three months ended 31 March 2024, Erie Indemnity Co revenues increased 17% to $880.7M. Net income increased 44% to $124.6M. Revenues reflect Revenue Sales of Goods & Services increase of 19% to $665.7M, Administrative services reimbursement increase of 11% to $191.6M, Revenue Sales of Goods & Services increase of 11% to $16.9M. Net income benefited from Net investment income - Balancing value increase from $8.6M (expense) to $15.4M (income).