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Erie Family Reports Higher 4th Quarter Net Income

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NU Online News Service, Feb. 26, 2:48 p.m. – Erie Family Life Insurance Company, Erie, Pa., is reporting $3 million in net income for the fourth quarter of 2002 on $33 million in revenue, compared with an $8.9 million net loss on $10 million in revenue for the fourth quarter of 2001.

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Revenue for the latest quarter includes a $1.3 million gain on investments sold during the quarter. Revenue for the comparable quarter in 2001 includes a $17 million investment loss.