content_image/283235.jpg content_image/283242.jpg content_image/283243.jpg
## ERIE INDEMNITY COMPANY FINANCIAL HIGHLIGHTS 

<img src='content_image/283235.jpg'>

(1) Before income taxes 

(2) Prior to and through December 31, 2010, the underwriting results retained by EIC and ENY and the investment results of EIC, ENY and EPC accrued to Indemnity. Due to the sale of Indemnity’s subsidiaries to the Exchange on December 31, 2010, all underwriting and investment results for these companies accrue to the Exchange. 

(3) Prior to and through March 31, 2011, Indemnity retained a 21.6% ownership interest in EFL and the Exchange retained a 78.4% ownership interest in EFL. Due to the sale of Indemnity’s ownership interest in EFL to the Exchange on March 31, 2011, 100% of EFL’s life insurance results accrue to the Exchange. 

(4) In addition to the regular quarterly dividend declared in November 2012, Indemnity’s Board of Directors also declared a special one-time cash dividend of $2.00 on each class A share and $300.00 on each class B share. 

<img src='content_image/283242.jpg'>

<img src='content_image/283243.jpg'>

* For a defi nition of the non-GAAP fi nancial measure, operating income, and a reconciliation to the most directly comparable GAAP fi nancial measure, net income, please see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Form 10-K or our quarterly earnings news release, both of which are available on the Investors page of our website at www.erieinsurance.com . 

