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Erie Indemnity posts 4Q profit

ERIE, Pa. (AP) _ Erie Indemnity Co. (ERIE) on Thursday reported fourth-quarter profit of $45.8 million.

The Erie, Pennsylvania-based company said it had profit of 87 cents per share.

The insurance company posted revenue of $379.6 million in the period.

For the year, the company reported profit of $210.4 million, or $4.01 per share. Revenue was reported as $1.6 billion.

Erie Indemnity shares have climbed nearly 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $117.97, a rise of 19 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


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