Investor Relations News
Erie Indemnity Reports Second Quarter 2015 Results (View Webcast)
Erie, Pa. (July 31, 2015) – Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending June 30, 2015. Net income attributable to Indemnity was $56 million, or $1.07 per diluted share, in the second quarter of 2015, compared to $49 million, or $0.94 per diluted share, in the second quarter of 2014.
Erie Insurance Makes 2015 Fortune 500 List
Erie, Pa. (June 10, 2015) – FORTUNE magazine has ranked Erie Insurance number 436 on the 2015 FORTUNE 500 list. The list ranks the largest American companies based on total revenue.
Information about Erie Insurance
Erie Indemnity Company (“Indemnity”) (NASDAQ: ERIE) is a Fortune 500 company providing sales, underwriting and administrative services to Erie Insurance Exchange (the “Exchange”), a reciprocal insurance exchange. Through December 31, 2010, Indemnity operated as a property and casualty insurer through its three wholly-owned insurance subsidiaries. On December 31, 2010, Indemnity sold all of the outstanding capital stock of its three wholly-owned subsidiaries to the Exchange.
Erie Family Life Insurance Company (“EFL”) is an affiliated life insurance company that underwrites and sells nonparticipating individual and group life insurance policies and fixed annuities. On March 31, 2011, Indemnity sold its minority ownership interest in EFL to the Exchange. Since then, EFL has been a wholly-owned subsidiary of the Exchange.
All property and casualty and life insurance operations are now owned by the Exchange, and Indemnity continues to function as the management company. Indemnity, the Exchange, and the subsidiaries and affiliates of the Exchange, operate collectively as the “Erie Insurance Group” (The ERIE®).
With a network of independent Agents in 12 states and the District of Columbia, The ERIE seeks to insure standard and preferred risks, primarily in private passenger auto, homeowners and small commercial lines, including workers' compensation.
Read more about the history, progress and management of Erie Indemnity Company: