Erie Indemnity Reports Q4 EPS of $0.32

Erie Indemnity Company ERIE today announced fourth quarter 2010 earnings of $12 million, compared to earnings of $24 million in the fourth quarter of 2009. Operating income decreased to $17 million in the fourth quarter of 2010 from $22 million for the same period one year ago. Net operating income attributable to Indemnity per share (excluding net realized gains or losses and impairments on investments and related taxes) decreased to $0.32 per share in the fourth quarter of 2010 from $0.39 per share for the same period one year ago.