Erie Indemnity Co - ERIE STOCK NEWS

Erie Insurance emphasizes the importance of life insurance during Life Insurance Awareness Month by providing five essential tips for first-time buyers. Key points include understanding who or what is being protected, ensuring policy affordability, carefully selecting beneficiaries, choosing a financially sound company, and considering both current and future needs. Erie Family Life Insurance holds an A (Excellent) rating from A.M. Best, reflecting its financial stability. As a FORTUNE 500 company, Erie is a major player in the insurance market, offering over 6 million active policies across 12 states and Washington D.C.

Erie Insurance has appointed Jamie Neumaier as the new Chief Information Security Officer (CISO), effective September 10. Neumaier, who will report to Robert Ingram, has been with Erie since 2004 and has held various leadership roles in information security. He succeeds Keith Kennedy, who is moving to lead the company's innovation efforts. Erie Insurance is a major player in the insurance industry, ranked 11th in homeowners and 12th in automobile insurance in the U.S., with a strong A+ rating from A.M. Best.

Erie Insurance provides eight essential tips for maintaining productivity and balance while working from home, especially relevant during the ongoing pandemic. Key recommendations include creating a dedicated workspace, harnessing natural light, establishing a morning routine, and planning daily tasks. The company emphasizes dressing appropriately, maintaining healthy snack habits, and staying connected with coworkers. As the 11th largest homeowners insurer in the U.S. and rated A+ by A.M. Best, Erie Insurance underscores the importance of ensuring homeowners insurance meets changing needs during this shift to remote work.

Erie Family Life Insurance Company has launched ERIExpress Life, a simplified life insurance product aimed at expediting the purchase process. Customers can complete applications over the phone with their ERIE agents, obtaining coverage in minutes. Offering term and whole life policies ranging from $10,000 to $500,000, ERIExpress Life is designed to tackle common barriers to purchasing life insurance. This service is available starting August 2020 and emphasizes a human-centered approach to financial security for families.

Erie Indemnity Company (NASDAQ: ERIE) reported a net income of $82.0 million, or $1.57 per diluted share, for Q2 2020, down from $87.8 million in Q2 2019. For the first half of 2020, net income was $141.3 million, or $2.70 per diluted share, a decrease from $163.1 million in 2019. The COVID-19 pandemic caused declines in new business and management fee revenues, although investment results improved due to market recovery. Operating income fell by 5.6% in Q2 and 3.2% in the first half compared to the prior year.

Erie Indemnity Company (ERIE) will conduct a pre-recorded audio webcast on July 31 at 10 a.m. Eastern Time to discuss its second-quarter financial results. The results will be disclosed via a press release after market close on July 30. Erie Indemnity, a FORTUNE 500 company, is ranked as the 11th largest homeowners insurer and 12th largest automobile insurer in the U.S. with nearly 6 million policies in force. The webcast will be accessible on their Investor Relations website.

Erie Insurance offers 12 essential tips for families planning safe and enjoyable summer road trips. Key recommendations include:

• Pack smart with a pre-trip checklist.
• Ensure vehicle safety with a multi-point inspection.
• Keep pets safe using carriers or harnesses.
• Stay organized with an emergency kit and updated documents.
• Plan for traffic using GPS and allow for breaks.