Erie Indemnity Company (Nasdaq: ERIE) announced yesterday it recognized realized capital
losses during the fourth quarter of 2002 of approximately $8.4 million. These
losses resulted from the sale of certain securities and charges for
impairments of equity, debt and limited partnership investments held by the
Company in accordance with the Company's impairment policy. Of the
$8.4 million charge, $2.9 million is reflected in net realized losses on
investments, while $5.5 million is reflected in losses from limited
partnerships. Investment losses were realized in numerous industry segm...
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