Erie Indemnity Announces $150M Share Buyback

Erie Indemnity Company ERIE Board approved $150 million in repurchase authority for the Company's stock repurchase program. The repurchase authority is effective immediately and includes, and is not in addition to, any unspent amounts remaining under the prior authorization. Under the program, the Company may repurchase up to $150 million of its outstanding Class A common stock from time to time in the open market or by privately negotiated transactions, at times and in a manner and amounts that the Company deems appropriate, depending on prevailing market conditions and alternative uses of the Company's capital.