8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 18, 2007

Erie Indemnity Company
__________________________________________
(Exact name of registrant as specified in its charter)

Pennsylvania	0-24000	25-0466020
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
100 Erie Insurance Place, Erie, Pennsylvania		16530
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: (814)870-2000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On September 18, 2007, Erie Indemnity Company (Company) issued a press release stating that the Board of Directors approved an additional $100 million in repurchase authority for the Company’s current stock repurchase program. The Company may repurchase up to $100 million of its outstanding Class A common stock through December 31, 2008. A copy of the press release is attached hereto and is incorporated herein by reference as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1 Press Release dated September 18, 2007

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Erie Indemnity Company
September 18, 2007	By:	Philip A. Garcia
		Name: Philip A. Garcia
		Title: Executive Vice President and CFO

Exhibit Index

Exhibit No.	Description
99.1	Press Release dated September 18, 2007

EX-99.1

Exhibit 99.1

Erie Indemnity Reauthorizes Share Repurchase Plan

Erie, Pa., September 18, 2007 — The Board of Directors of Erie Indemnity Company (NASDAQ: ERIE) has approved an additional $100 million in repurchase authority for the Company’s stock repurchase program. The additional repurchase authority is effective immediately and will be in addition to the funds available under the current repurchase program. Approximately $9 million of the original $250 million repurchase authority remains from the current stock repurchase program. Under the newly-approved program, the Company may repurchase up to $100 million of its outstanding Class A common stock through December 31, 2008. The Company may repurchase the shares from time to time in the open market or by privately negotiated transactions, at times and in amounts that the Company deems appropriate, depending on prevailing market conditions and alternative uses of the Company’s capital.

Erie Indemnity Company provides management services to the member companies of the Erie Insurance Group, which includes Erie Insurance Exchange, Flagship City Insurance Company, Erie Insurance Company, Erie Insurance Property and Casualty Company, Erie Insurance Company of New York and Erie Family Life Insurance Company.

According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 15^th largest automobile insurer in the United States based on direct premiums written and the 21^st largest property/casualty insurer in the United States based on total lines net premium written. The Group, rated A+ (Superior) by A.M. Best Company, has over 3.8 million policies in force and operates in 11 states and the District of Columbia. Erie Insurance Group ranked 463 on the FORTUNE 500 and Erie Indemnity Company is included in Forbes Magazine’s PLATINUM 400 list of the best-managed companies in America.

News releases and more information about Erie Insurance Group are available at http://www.erieinsurance.com

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain forward-looking statements contained herein involve risks and uncertainties. These forward-looking statements reflect the Company’s current views about future events, are based on assumptions and are subject to known and unknown risks and uncertainties that may cause results to differ materially from those anticipated in those statements. Many of the factors that will determine future events or achievements are beyond our ability to control or predict. For example, the ability of the Company to implement the stock repurchase program from time to time will depend on a number of factors, including but not limited to shares being available for sale on terms acceptable to the Company, and the availability to the Company of funds to execute those purchases. With respect to the latter, the Company’s cash flows from management operations and investments have been sufficient to fund repurchases under our current repurchase program. The Company assumes no obligation whatsoever to publicly update or revise any forward-looking statements.