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Erie Indemnity Company CEO Discusses Q2 2011 Results - Earnings Call Transcript

Erie Indemnity Company ( ERIE)

Q2 2011 Earnings Call

August 3, 2011 10:00 am ET

Executives

Karen Kraus Phillips – Vice President and Director, Investor Relations

Terrence W. Cavanaugh – President and Chief Executive Officer

Marcia A. Dall – Executive Vice President and Chief Financial Officer

Analysts

Bill Broomall – Macquarie Research Equities

Presentation

Operator

Hello and welcome to the Erie Indemnity Company Second Quarter 2011 Earnings Conference. I’d like to introduce to your host for today’s conference call Karen Kraus Phillips, Vice President of Investor Relations.

Karen Kraus Phillips

Thank you, Alley and good morning everyone. We appreciate all of you joining us. On today’s call, management will discuss our second quarter 2011 results and other matters. Joining me are Terry Cavanaugh, President and CEO; Marcia Dall, Executive Vice President and Chief Financial Officer; Chip Dufala, Executive Vice President, Services; John Kearns, Executive Vice President, Sales and Marketing; Jim Tanous, Executive Vice President, Secretary and General Counsel; and Mike Zavasky, Executive Vice President, Insurance Operations.

Our earnings release and financial supplements are issued yesterday afternoon and it’s been posted to our website erieinsurance.com. As a reminder, Indemnity’s second quarter 2011 results do not include the results of the property and casualty insurance operations or life operations that result to the Exchange. However the direct written premium produced by the Exchange’s property and casualty operations is a primary driver of Indemnity’s financial results and therefore (inaudible) to our discussion.

On today’s call, management will share important information about current and future company initiatives, as a result forward-looking statements may be incorporated into their comments. These forward-looking statements reflect the company’s current views about future events and are based on assumptions subject to known and unknown risks and uncertainties. These risks and uncertainties may cause results to differ materially from those anticipated as described in those statements.

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