Erie Indemnity (ERIE) Misses Q4 EPS by 8c
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Erie Indemnity Reports Full Year and Fourth Quarter 2015 Results
February 25, 2016 4:15 PM ESTERIE, Pa., Feb. 25, 2016 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the full year and the quarter ending December 31, 2015. Net income was $174.7 million, or $3.33 per diluted share, for the full year 2015, compared to $167.5 million, or $3.18 per diluted share, in 2014. Net income was $30.1 million, or $0.57 per diluted share, in the fourth quarter of 2015, compared to $25.3 million, or $0.48 per diluted share, in the fourth quarter of 2014. The growth in 2015 for the fourth quarter and full year was driven by increased net revenue from operations and increased investment income, primarily... More
