Erie Indemnity (ERIE) Reports Q4 EPS of $0.61

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Go back to Erie Indemnity (ERIE) Reports Q4 EPS of $0.61

Erie Indemnity Reports Full Year and Fourth Quarter 2017 Results

February 22, 2018 4:15 PM EST

ERIE, Pa., Feb. 22, 2018 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the full year and quarter ending December 31, 2017.  Net income was $197.0 million, or $3.76 per diluted share, for the full year 2017, compared to $210.4 million, or $4.01 per diluted share, in 2016.  Net income was $32.1 million, or $0.61 per diluted share, in the fourth quarter of 2017, compared to $45.8 million, or $0.87 per diluted share, in the fourth quarter of 2016.  Net income was reduced by $10.1 million for the fourth quarter and year ended December 31, 2017 due to the enactment of the Tax Cuts and Jobs Act... More