Erie Indemnity Company (NASDAQ:ERIE) Q2 2024 Earnings Conference Call July 26, 2024 10:00 AM ET

Company Participants

Scott Beilharz - Vice President, Investor Relations
Tim NeCastro - President and Chief Executive Officer
Julie Pelkowski - Executive Vice President and Chief Financial Officer

Conference Call Participants

Operator

Good morning and welcome to the Erie Indemnity Company Second Quarter 2024 Earnings Conference Call. This call is pre-recorded and there will be no question-and-answer session following the recording.

Now I'd like to introduce your host for the call, Vice President of Invest Relations, Scott Beilharz.

Scott Beilharz

Thank you and welcome everyone. We appreciate you joining us for this recorded discussion about our second quarter results. This recording will include remarks from Tim NeCastro, President and Chief Executive Officer; and Julie Pelkowski, Executive Vice President and Chief Financial Officer.

Our earnings release and financial supplement were issued yesterday afternoon after the market closed and are available within the investment relations section of our website erieinsurance.com.

Before we begin, I would like to remind everyone that today's discussion may contain forward-looking remarks that reflect the company's current views about future events. These remarks are based on assumptions subject to known and unexpected risks and uncertainties. These risks and uncertainties may cause results to differ materially from those described in these remarks. For information on important factors that may cause this differences, please see the safe harbor statements in our Form 10-Q filing with the SEC filed yesterday and in the related press release.

This pre-recorded call is the property of Erie Indemnity Company. It may not be reproduced or rebroadcast by any other party without the prior written consent of Erie Indemnity Company.

With that, we will move on to Tim remarks. Tim?

Tim NeCastro

Thanks, Scott. And thanks to all of you for taking time to learn more about Erie's performance in the second quarter of 2024. As we reach the halfway point of our 99th year in business, I'm excited to share that we also reached a significant milestone for Erie insurance exchange, 7 million policies in force. Our last milestone was 6 million policies in force was reached in 2021, and adding 1 million policies to our book of business in just three years is no small feat.

To give you a sense of scale, it took our company more than 60-years to reach our first million, and just 3, to get from 6 million to 7 million. So this recent milestone is no doubt a testament to our hardworking agency force and dedicated sales and underwriting teams.