U.S. Markets open in 3 hrs 38 mins

Erie Indemnity posts 1Q profit

ERIE, Pa. (AP) _ Erie Indemnity Co. (ERIE) on Monday reported first-quarter net income of $47.9 million.

On a per-share basis, the Erie, Pennsylvania-based company said it had profit of 91 cents.

The insurance company posted revenue of $399.3 million in the period.

Erie Indemnity shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $124.67, an increase of 32 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

_____

Keywords: Erie Indemnity, Earnings Report