Erie Indemnity Company (Nasdaq: ERIE) yesterday announced results for the second quarter 2003. As the Company has previously indicated, it continues to focus efforts on underwriting profitability.
Net income increased by 13.9 percent to $54.5 million, up from $47.8 million at June 30, 2002. - Net income per share increased by 14.1 percent to $.77 per share, compared to $.67 per share in the comparable quarter for 2002. - Net income, excluding net realized gains or losses on investments and related federal income taxes, increased by 1.3 percent to $52.3 million, or $.74 per share, up from $...
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