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Erie Indemnity Posts Increased Net in 4Q & Y02

Thursday, February 27, 2003 | 0

Erie Indemnity Company (Nasdaq: ERIE) on Tuesday announced results for the fourth quarter and full-year 2002. For the fourth quarter: -- Net income increased to $33.9 million, up from $5.9 million for the same period in 2001. -- Net income per share increased to $.48 per share, compared to $.08 per share in the comparable quarter for 2001. -- Net income, excluding net realized losses on investments and related federal income taxes, increased to $35.6 million, up from $23.1 million for the same period one year ago. -- Management fee revenue...

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