Erie Indemnity Company (NASDAQ:ERIE) is included among the Dividend Growth Stocks: 25 Aristocrats.
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 period, preserving its long-term record.
That history matters. The company operates in a cyclical sector and remains exposed to economic slowdowns, but it has shown an ability to recover and keep rewarding shareholders. Erie Indemnity Company (NASDAQ:ERIE) has now raised its dividend for 36 consecutive years.
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