Erie Indemnity Company (NASDAQ:ERIE) Q3 2023 Earnings Call Transcript

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Erie was ranked first in Permanent Life, 5th in Term Life, 6th in Auto, 7th in Renters and 8th in Homeowners. Erie was also recently named to Newsweek’s list of America’s Best Customer Service 2024, in the categories of homeowners and life insurance. These rankings were based on customers’ likelihood to recommend, as well as criteria like customer focus, quality of communication, professional competence, range of services and accessibility. Investor’s Business Daily has listed in Erie on its 2023 most trusted financial companies list. The list is based on a survey that asks consumers to rate their financial service providers on attributes they said are most important to them. Erie ranked #2 in both auto and home insurance and 13th overall. On the workplace side, 3 of our employee Affinity Networks earned 2023 Diversity impact awards from the Global Employee Resource Group network.

This is the world’s largest network of employee resource groups, business resource groups and diversity councils dedicated to making measurable progress on diversity, equity and inclusion. Fred Johnson, Vice President of the Wisconsin branch and executive sponsor of Erie’s African-American affinity network was also one of six recipients of the network’s Diversity impact Executive Sponsor of the award for a third straight year. Finally, our future focus internship program has been named to the rising insurance Star executive list of the industry’s 50 best internship programs for the third consecutive year. The future focus program has helped launch the careers with hundreds of current Erie employees who started these interns and it continues to serve as an important talent pipeline.

This past summer, more than 100 interns from 50 different colleges and universities worked in departments across the company. As always, thank you again for listening in today and for your continued interest in Erie.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.

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