Erie Indemnity Q1 Profit Rises - Quick Facts

(RTTNews) - Erie Indemnity Company (ERIE) reported that its first-quarter net income attributable to company increasd to $46 million, or $0.88 per share, from $37 million, or $0.69 per share, in the first quarter of 2013. The company said this growth was driven by increased revenue from management operations, lower expense growth, and increased equity in earnings of limited partnerships.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.78 for the quarter. Analysts' estimates typically exclude special items.

Premiums earned were $1.29 billion, compared to $1.17 billion. Total revenues were $1.51 billion, compared to $1.57 billion.