Erie Indemnity Co (ERIE) 10-K Annual Report Tue Feb 26 2013


•	Net income attributable to Indemnity per share-diluted was $0.56 per share in the fourth quarter of 2012, compared to net income per share-diluted of $0.49 per share in the fourth quarter of 2011.


•	Operating income attributable to Indemnity per share-diluted (excluding net realized gains or losses, impairments on investments and related taxes) was $0.54 per share in the fourth quarter of 2012, compared to operating income per share-diluted of $0.47 per share in the fourth quarter of 2011.


•	Indemnity’s management operations pretax income totaled $34 million in both the fourth quarters of 2012 and 2011. The gross margin from management operations was 12.2 percent in the fourth quarter of 2012, compared to 13.0 percent in the fourth quarter of 2011.


•	Indemnity’s investment operations pretax income totaled $10 million for the fourth quarter of 2012, compared to $7 million for the fourth quarter of 2011.



2012 Highlights - Indemnity Shareholder Interest


•	Net income attributable to Indemnity per share-diluted was $2.99 per share for the year ended December 31, 2012, compared to net income per share-diluted of $3.08 per share for the year ended December 31, 2011.


•	Operating income attributable to Indemnity per share-diluted (excluding net realized gains or losses, impairments on investments and related taxes) was $2.92 per share for the year ended December 31, 2012, compared to $3.04 per share-diluted for the year ended December 31, 2011.


•	Indemnity’s management operations pretax income totaled $205 million for the year ended December 31, 2012, compared to $208 million for the year ended December 31, 2011. The gross margin from management operations was 17.3 percent for the year ended December 31, 2012, compared to 18.9 percent for the year ended December 31, 2011.


•	Indemnity’s investment operations pretax income totaled $36 million for the year ended December 31, 2012, compared to $45 million for the year ended December 31, 2011.

Erie, Pa. – February 26, 2013 – Erie Indemnity Company (NASDAQ: ERIE) today announced fourth quarter 2012 earnings of $30 million, compared to earnings of $26 million in the fourth quarter of 2011. Operating income was $29 million in the fourth quarter of 2012, compared to operating income of $25 million in the fourth quarter of 2011.

For the year ended December 31, 2012, Erie Indemnity Company's earnings totaled $160 million, compared to earnings of $169 million for the year ended December 31, 2011. Operating income was $157 million for the year ended December 31, 2012, compared to operating income of $167 million or the year ended December 31, 2011.

Note: The accompanying consolidated financial statements of Erie Indemnity Company (“Indemnity”) reflect the consolidated results of Indemnity and the Erie Insurance Exchange (“Exchange”), which we refer to collectively as the “Erie Insurance Group.” Indemnity, or Indemnity shareholder interest, refers to the interest in Erie Indemnity Company owned by the Class A and Class B shareholders. The Exchange refers to the noncontrolling interest held for the interest of the subscribers (policyholders), and includes its interest in its property and casualty subsidiaries and Erie Family Life Insurance Company (“EFL”).

The following information was filed by Erie Indemnity Co (ERIE) on Tuesday, February 26, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/922621/000144530513000346/erie10-k12312012.htm

View differences made from one year to another to evaluate Erie Indemnity Co's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Erie Indemnity Co.

Continue

Assess how Erie Indemnity Co's management team is paid from their Annual Proxy

Erie Indemnity Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Erie Indemnity Co provided additional information to their SEC Filing as exhibits

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32: Section 1350 Certification

Ticker: ERIE
CIK: 922621
Form Type: 10-K Annual Report
Accession Number: 0001445305-13-000346
Submitted to the SEC: Tue Feb 26 2013 4:33:58 PM EST
Accepted by the SEC: Tue Feb 26 2013
Period: Monday, December 31, 2012
Industry: Insurance Agents Brokers And Service