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Erie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Quarterly Dividend

ERIE, Pa. (Dec. 13, 2019) - At its regular meeting held Dec. 10, 2019, the Board of Directors of Erie Indemnity Company (NASDAQ: ERIE) set the management fee rate charged to Erie Insurance Exchange, approved an increase in shareholder dividends and declared the quarterly dividend.

Erie Indemnity Reports Third Quarter 2019 Results

Erie, Pa. (Oct. 24, 2019) - Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter and nine months ending September 30, 2019.  Net income was $94.2 million, or $1.80 per diluted share, in the third quarter of 2019, compared to $80.4 million, or $1.54 per diluted share, in the third quarter of 2018.  Net income was $257.2 million, or $4.92 per diluted share, in the first nine months of 2019, compared to $225.9 million, or $4.32 per diluted share, in the first nine months of 2018.

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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.

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FORTUNE® ranks Erie Insurance number 381 on the 2019 FORTUNE 500® list. The list ranks the largest American companies based on total revenue. Erie Insurance made its initial debut on the list in 2003.

From FORTUNE Magazine, May 16, 2019 ©2019 Time Inc. Used under license. FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. and are used under license. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Licensee.