Erie Indemnity Co. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

Erie Indemnity Co. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total operating revenue of $300.5 million against $294.5 million a year ago. Net income was $39.7 million or $0.69 diluted per Class A diluted common stock and $112.06 per Class B diluted common stock against net income of $4.24 million or $0.07 per Class A diluted common stock and $15.92 per Class B diluted common stock a year ago. Operating income was $38.2 million against $31.1 million a year ago. Income before income taxes and equity in earnings of Erie Family Life Insurance was $51.1 million against $19.6 million for the same period of last year. For the nine months, the company reported total operating revenue of $884.03 million against $871.9 million a year ago. Net income was $83.5 million or $1.46 per Class A diluted common stock and $239.96 per Class B diluted common stock against net income of $75.5 million or $1.30 per Class A diluted common stock and $216.59 per Class B diluted common stock a year ago. Operating income was $87 million against $127.7 million a year ago. Book value per share was $15.31 against $13.79 a year ago. Income before income taxes and equity in earnings of Erie Family Life Insurance was $112.1 million against $126.3 million for the same period of last year. The company announced net impairment losses recognized in earnings were $3.2 million against $37.4 million for the same period of last year.

Erie Indemnity Co., Q3 2009 Earnings Call, Oct 30 2009