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Erie Indemnity Reports Third Quarter 2015 Results (View Webcast)
Erie, Pa. (Oct. 29, 2015) – Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending September 30, 2015. Net income attributable to Indemnity was $50 million, or $0.94 per diluted share, in the third quarter of 2015, compared to $47 million, or $0.90 per diluted share, in the third quarter of 2014. Net income attributable to Indemnity was $145 million, or $2.75 per diluted share, in the first nine months of 2015, compared to $142 million, or $2.71 per diluted share, in the first nine months of 2014. For the third quarter of 2015, the growth was driven by increased revenue from management operations.
Erie Insurance President and CEO Terry Cavanaugh to Retire Year End 2016
Erie, Pa. (Oct. 23, 2015) – Erie Indemnity Company (NASDAQ: ERIE) announced that Terrence W. Cavanaugh, president and chief executive officer, will retire at the close of 2016. Cavanaugh shared the decision yesterday during a meeting of the Board of Directors.