Erie Insurance results

Press release



ERIE, Pa., Oct. 27 /PRNewswire-FirstCall/ -- Erie Indemnity Company(Nasdaq: ERIE) today announced results for the third quarter 2004, includingthe following highlighted information: - Net income increased by 4.1 percent to $58.6 million, up from $56.2 million at September 30, 2003. - Net income per share increased by 5.3 percent to $.83 per share, compared to $.79 per share in the comparable quarter for 2003. - Net income, excluding net realized gains on investments and related federal income taxes, increased by 5.4 percent to $58.0 million, or $.83 per share, up from $55.0 million, or $.78 per share, for the same period one year ago. - Management fee revenue grew by 6.3 percent to $246.4 million, up from $231.7 million for the same period one year ago.