|Over a week ago|
Erie Indemnity reports Q1 EPS $1.41, consensus $1.46 » 16:3104/2904/29/21
Reports Q1 revenue…
Reports Q1 revenue $630.18M, consensus $627.29M.
|Over a month ago|
Erie Indemnity reports Q4 EPS $1.20 , consensus $1.21 » 17:1102/2502/25/21
Reports Q4 revenue…
Reports Q4 revenue $609.25M, consensus $599.88M.
|Over a quarter ago|
Erie Indemnity approves management fee rate, raises dividend » 16:2012/0812/08/20
At its regular meeting…
At its regular meeting held Dec. 8, 2020, the Board of Directors of Erie Indemnity Company set the management fee rate charged to Erie Insurance Exchange, approved an increase in shareholder dividends and declared the quarterly dividend and a special cash dividend. Erie Indemnity Company has paid regular shareholder dividends since 1933. The Board agreed to maintain the current management fee rate paid to Erie Indemnity Company by Erie Insurance Exchange at 25%, effective Jan. 1, 2021. The management fee rate was 25% for the period Jan. 1 through Dec. 31, 2020. The Board has the authority under the agreement with the subscribers at Erie Insurance Exchange to set the management fee rate at its discretion; however, the maximum fee rate permissible by the agreement is 25%. This action was taken based on the Board's consideration and review of the relative financial positions of Erie Insurance Exchange and Erie Indemnity Company. The Board also agreed to increase the regular quarterly cash dividend from 96.5c to $1.035 on each Class A share and from $144.75 to $155.25 on each Class B share. This represents a 7.3% increase in the payout per share over the current dividend rate. The next regular quarterly dividend is payable Jan. 20, 2021, to shareholders of record as of Jan. 5, 2021, with a dividend ex-date of Jan. 4, 2021. The Board also declared a special one-time cash dividend of $2.00 on each Class A share and $300.00 on each Class B share. This special cash dividend is payable Dec. 29, 2020, to shareholders of record as of Dec. 21, 2020, with a dividend ex-date of Dec. 18, 2020.
Erie Indemnity reports Q3 EPS $1.71, consensus $1.50 » 16:4110/2910/29/20
Reports Q3 revenue…
Reports Q3 revenue $653.5M, consensus $630.35M.
Erie appoints Jamie Neumaier as Chief Information Security Officer » 13:1309/0109/01/20
Erie Insurance announced…
Erie Insurance announced that Jamie Neumaier will assume the role of Chief Information Security Officer, effective September 10. He succeeds Keith Kennedy, ERIE's outgoing CISO, who has taken a new role leading the company's innovation area. Before joining Erie Insurance, Neumaier worked at GE Transportation as a technical analyst where he led information security initiatives.
Erie Indemnity reports Q2 EPS $1.57, consensus $1.41 » 16:4107/3007/30/20
Reports Q2 revenue…
Reports Q2 revenue $657.02M, one estimate $623.06M.
Erie Insurance appoints Ronald Habursky as SVP, CIO » 11:1606/2206/22/20
Erie Insurance announced…
Erie Insurance announced that Ronald Habursky will assume the role of senior vice president and chief investment officer, effective July 2. Habursky joined Erie Insurance in 1999 as a fixed income securities analyst, was promoted to alternative investment analyst in 2000, and later to portfolio manager, external investments, in 2008. Most recently, Habursky managed ERIE's fixed income portfolio as vice president and senior portfolio manager. Habursky will be based in Erie Insurance's home office in Erie, Pennsylvania.