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Stock impact report

Erie Indemnity's (ERIE) Long Dividend Record Reflects Operating Consistency [Yahoo! Finance]

Erie Indemnity Company - Class A (ERIE) 
Last erie indemnity company - class a earnings: 10/24 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: erieinsurance.com/investor
Company Research Source: Yahoo! Finance
Erie Indemnity Company (NASDAQ:ERIE) has been part of the insurance industry since the 1920s. Over time, it has built a presence across life, auto, home, and commercial insurance, giving it a broad and established footprint. In the third quarter, the company reported revenue of $1.06 billion, up 6.0% from the same period last year. Growth came mainly from higher management fees tied to policy issuance and renewals, which rose 7.3% year over year. Administrative services fees also increased, climbing 9.8%, though from a smaller base. Investment income moved higher as well, rising to $21.6 million from $19.5 million a year earlier. Like most insurers, Erie Indemnity holds a large float. Premiums are collected upfront and invested, which means results tend to move with market rates, including Treasury yields. One thing that sets the company apart is how it handled past downturns. During the Great Recession, Erie did not cut its dividend. It continued to raise payouts through that pe Show less Read more
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