Erie Indemnity (ERIE) Misses Q1 EPS by 4c

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Erie Indemnity Reports First Quarter 2017 Results

May 1, 2017 4:15 PM EDT

ERIE, Pa., May 1, 2017 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending March 31, 2017.  Net income was $47.9 million, or $0.91 per diluted share, in the first quarter of 2017, compared to $45.9 million, or $0.87 per diluted share, in the first quarter of 2016.

"We are off to a good start in 2017.  Solid topline growth combined with prudent expense management and improved investment returns, resulted in increased earnings per share for the quarter," said Tim NeCastro, President and... More