Erie Indemnity Posts Increases in Key Measures

Erie Indemnity Company (Nasdaq: ERIE) yesterday announced results for the first quarter 2003: -- Net income increased by 3.8 percent or $1.7 million to $45.9 million, up from $44.2 million at March 31, 2002. -- Net income per share increased by 4.1 percent to $.65 per share, compared to $.62 per share in the comparable quarter for 2002. -- Net income, excluding net realized gains on investments and related federal income taxes, increased by 4.9 percent to $45.5 million, up from $43.4 million for the same period one year ago. -- Management fee revenue grew b...