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Erie Indemnity Stock

Erie Indemnity ROA 2024

Erie Indemnity ROA

0.18

Ticker

ERIE

ISIN

US29530P1021

WKN

919562

In 2024, Erie Indemnity's return on assets (ROA) was 0.18, a 35.31% increase from the 0.13 ROA in the previous year.

Erie Indemnity Aktienanalyse

What does Erie Indemnity do?

The Erie Indemnity Company is an American insurance company based in Erie, Pennsylvania. Founded in 1925 by H.O. Hirt and O.G. Crawford, the company employs over 5,000 employees and is one of the largest providers of auto insurance in the United States. Erie Indemnity is an insurance organization where policyholders themselves are the owners of the company. The company focuses on providing the best advice and building long-term customer relationships. They offer a variety of insurance products, such as auto, home, and life insurance, and prioritize individualized consultation and tailored coverage. Erie Indemnity is proud of its high customer satisfaction ratings and regularly earns top rankings in independent studies. In addition to traditional insurance products, the company also provides innovative services, such as free accident claims processing and exclusive driver safety training. Employee training and development are also key priorities, ensuring staff are up to date on industry advancements and legislation to provide optimal service. Erie Indemnity has expanded its business to new markets, offering insurance for small and medium-sized businesses and dabbling in cybersecurity. In summary, Erie Indemnity is a successful and innovative insurance company that prioritizes customer orientation and personalized consultation. The company will continue to pursue its path and meet the challenges of the industry in the future. Erie Indemnity ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Erie Indemnity's Return on Assets (ROA)

Erie Indemnity's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Erie Indemnity's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Erie Indemnity's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Erie Indemnity’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Erie Indemnity stock

What is the Return on Assets (ROA) of Erie Indemnity this year?

The Return on Assets (ROA) of Erie Indemnity is 0.18 undefined this year.

What was the ROA of Erie Indemnity compared to the previous year?

The ROA of Erie Indemnity has increased by 35.31% compared to the previous year.

What consequences do high ROA have for investors of Erie Indemnity?

A high ROA is advantageous for investors of Erie Indemnity, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Erie Indemnity?

A low ROA can be unfavorable for investors of Erie Indemnity as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Erie Indemnity affect the company?

An increase in ROA of Erie Indemnity can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Erie Indemnity impact the company?

A reduction in the ROA of Erie Indemnity can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Erie Indemnity?

Some factors that can influence the ROA of Erie Indemnity include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Erie Indemnity important for investors?

The ROA of Erie Indemnity is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Erie Indemnity take to improve ROA?

To improve ROA, Erie Indemnity can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Erie Indemnity pay?

Over the past 12 months, Erie Indemnity paid a dividend of 4.76 USD . This corresponds to a dividend yield of about 1.15 %. For the coming 12 months, Erie Indemnity is expected to pay a dividend of 4.86 USD.

What is the dividend yield of Erie Indemnity?

The current dividend yield of Erie Indemnity is 1.15 %.

When does Erie Indemnity pay dividends?

Erie Indemnity pays a quarterly dividend. This is distributed in the months of February, May, August, November.

How secure is the dividend of Erie Indemnity?

Erie Indemnity paid dividends every year for the past 35 years.

What is the dividend of Erie Indemnity?

For the upcoming 12 months, dividends amounting to 4.86 USD are expected. This corresponds to a dividend yield of 1.18 %.

In which sector is Erie Indemnity located?

Erie Indemnity is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Erie Indemnity kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Erie Indemnity from 10/22/2024 amounting to 1.275 USD, you needed to have the stock in your portfolio before the ex-date on 10/7/2024.

When did Erie Indemnity pay the last dividend?

The last dividend was paid out on 10/22/2024.

What was the dividend of Erie Indemnity in the year 2023?

In the year 2023, Erie Indemnity distributed 4.44 USD as dividends.

In which currency does Erie Indemnity pay out the dividend?

The dividends of Erie Indemnity are distributed in USD.

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Andere Kennzahlen von Erie Indemnity

Our stock analysis for Erie Indemnity Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Erie Indemnity Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.