Erie Indemnity Company's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Erie Indemnity Company (ERIE)

Q1 2012 Earnings Call

May 4, 2012 10:00 AM ET

Executives

Karen Kraus Phillips – VP, IR

Terry Cavanaugh – President and CEO

Marcia Dall – EVP and CFO

Analysts

Ryan Burk – Macquarie

Presentation

Operator

Hello, and welcome to the Erie Indemnity Company First Quarter 2012 Earnings Conference.

I’d like to introduce your host for today’s conference call, Karen Kraus Phillips, Vice President of Investor Relations. Please go ahead.

Karen Kraus Phillips

Thank you, Shaun, and good morning. We appreciate all of you joining us. On today’s call, management will discuss our first quarter 2012 results and other matters related to the company’s first quarter operations.

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; and Brian Bolash, Assistant Corporate Secretary and Senior Council.

Our earnings release and financial supplement were issued yesterday afternoon and these have been posted on our website, erieinsurance.com. 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.

For information on important factors that may cause such differences, please see the Safe Harbor statements in our latest 10-Q filing with the SEC, dated May 3rd, 2012 and in the related press release. In this call, we will discuss non-GAAP measures, you can find the reconciliation to the GAAP based results in the 10-Q.

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