Erie Indemnity Estimates 9/11 Losses

Erie Indemnity Company (Nasdaq: ERIE) announced today that its share of catastrophe losses stemming from the tragic attacks of September 11th is expected to amount to between $5.5 and $6.7 million before federal income taxes. The after-tax effect per share on Erie Indemnity Company amounts to approximately $.05 to $.06 and will be reflected in the company's third quarter 2001 financial results. The members of the Erie Insurance Group participate in an inter-company reinsurance pooling arrangement whereby the net underwriting exposure of Erie Insurance Group, including the losses from these c...