U.S. Markets closed

Erie Indemnity: 4Q Earnings Snapshot

ERIE, Pa. (AP) _ Erie Indemnity Co. (ERIE) on Thursday reported fourth-quarter net income of $62.3 million.

On a per-share basis, the Erie, Pennsylvania-based company said it had profit of $1.19.

The insurance company posted revenue of $576.5 million in the period.

For the year, the company reported profit of $288.2 million, or $5.51 per share. Revenue was reported as $2.38 billion.

Erie Indemnity shares have risen 26 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $167.63, a rise of 46 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERIE at https://www.zacks.com/ap/ERIE