Earnings Estimates

Zacks Earnings Estimates

Last Updated: November 13, 2009

Estimate	Current Qtr Dec 2009	Next Qtr Mar 2010	Current Yr Dec 2009	Next Yr Dec 2010	Long Term Growth
Average Estimate	0.49	0.64	2.04	2.79	--
Number of Analysts	2	1	2	2	0
High Estimate	0.55	0.64	2.13	2.80	--
Low Estimate	0.43	0.64	1.95	2.77	--
Year Ago EPS	0.29	0.29	2.46	2.04	--
Growth Rate	68.97%	120.69%	-17.07%	36.52%	--

Disclaimer: Average earnings estimates are calculated by Zacks Investment Research based on the earnings projections made by the analysts who cover Erie Indemnity Company. Please note that any opinions, estimates or forecasts regarding Erie Indemnity Company's performance made by these analysts (and therefore the average estimate numbers) are theirs alone and do not represent opinions, forecasts or predictions of Erie Indemnity Company or its management. Erie Indemnity Company does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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