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Erie Indemnity Q2 net income decreases

Thu. August 06, 2009; Posted: 01:06 PM
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Aug 06, 2009 (Datamonitor via COMTEX) -- ERIE | Quote | Chart | News | PowerRating -- Erie Indemnity Company has reported a net income of $32.73 million, or $0.57 per diluted share, for the second quarter ended June 30, 2009, compared to $41.32 million, or $0.71 per diluted share, for the second quarter ended June 30, 2008.

Operating income, excluding net realized gains or losses on investments and related taxes, decreased to $32.1 million in the second quarter of 2009 from $50.6 million for the second quarter of 2008.

For the second quarter of 2009, total operating revenue was $306.13 million, compared to $301.13 million for the 2008 second quarter.

For the first six months ended June 30, 2009, net income was $43.86 million, or $0.76 per diluted share, compared to $71.29 million, or $1.22 per diluted share, for the first six months ended June 30, 2008.

For the first six months of 2009, operating income was $48.75 million, compared to $96.54 million for the same period of 2008.

Total operating revenue increased to $583.56 million for the first six-month period of 2009 from $577.42 million for a year ago period.

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For full details on Erie Indemnity Co Cl A (ERIE) click here. Erie Indemnity Co Cl A (ERIE) has Short Term PowerRatings of 6. Details on Erie Indemnity Co Cl A (ERIE) Short Term PowerRatings is available at This Link.

    


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