| Business Summary | | Erie
Family
Life
Insurance
Company
is
primarily
engaged
in
the
business
of
underwriting
and
selling
nonparticipating
individual
and
group
life
insurance
policies,
including
universal
life.
Erie
Family
Life
also
sells
individual
and
group
annuities.
During
the
last
quarter
of
2000,
the
Company
issued
its
first
disability
income
product.
This
product
is
designed
to
protect
the
policyholder's
mortgage,
if
the
insured
becomes
disabled,
by
providing
the
owner
with
income
to
maintain
home
mortgage
payments
for
the
duration
of
the
loan.
A
majority
of
the
Company's
business
is
written
in
Pennsylvania,
Ohio,
Maryland
and
Virginia.
Life
insurance
premiums
and
annuity
deposits
have
been
the
primary
sources
of
cash
inflows
for
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Erie
Family
Life
Insurance
is
engaged
in
the
business
of
underwriting
and
selling
nonparticipating
individual
and
group
life
insurance
policies,
including
universal
life
and
annuity
products.
For
the
three
months
ended
3/31/01,
total
revenues
fell
11%
to
$25.5
million.
Net
income
fell
47%
to
$3.4
million.
Results
reflect
reduced
net
realized
gains
on
investments,
increased
equity
losses
and
increased
benefits
paid
and
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| F. Hirtl, 74 Chairman | -- | Stephen Milne, 51 Pres,
CEO | $1.2M | Philip Garcia, 43 Exec.
VP and CFO | 378K | Jan Van Gorder, 52 Sr.
Exec. VP, Sec. and Gen. Counsel | 515K | John Brinling, Jr., 53 Exec.
VP | 367K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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