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  4. [8-K] ERIE INDEMNITY CO Reports Material Event

Erie Indemnity (NASDAQ: ERIE) lifts Q2 profit and declares $1.4625 dividend

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Erie Indemnity Company reported second-quarter 2026 net income of $180.3 million, or $3.45 per diluted share, compared with $174.7 million, or $3.34 per diluted share, in the second quarter of 2025. For the first six months of 2026, net income was $330.8 million, or $6.32 per diluted share, versus $313.1 million, or $5.99 per diluted share, a year earlier.

Operating income before taxes increased $5.0 million, or 2.5 percent, in the quarter, supported by higher management fee revenue from policy issuance, renewal, and administrative services. Income from investments before taxes totaled $22.6 million in the quarter and $44.7 million in the first half of 2026, above 2025 levels.

The board approved a quarterly dividend on Class A common stock of $1.4625 per share, declared July 28, 2026, with an ex-dividend and record date of October 5, 2026, and payable on October 20, 2026. A pre-recorded webcast complementary to the earnings press release is scheduled for July 31, 2026 at 10:00 a.m. Eastern.

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Filing Explained

The filing adds a June 30 balance-sheet snapshot, with $282,902 thousand cash and $2,467,106 thousand in shareholders’ equity.

This July 30 Form 8-K reports Erie Indemnity’s unaudited financial position as of June 30, 2026: cash and cash equivalents were $282,902 thousand, total liabilities were $1,089,910 thousand, and shareholders’ equity was $2,467,106 thousand.

The balance sheet sets the company’s disclosed resources and obligations in context: current assets were $1,206,562 thousand and total assets were $3,557,016 thousand.

Compared with December 31, 2025, reported cash was lower, while total assets, total liabilities, and shareholders’ equity were higher.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income Q2 2026 $180.3 million Net income in the second quarter of 2026
Diluted EPS Q2 2026 $3.45 Net income per diluted share, second quarter 2026
Net income 1H 2026 $330.8 million Net income for the first six months of 2026
Diluted EPS 1H 2026 $6.32 Net income per diluted share, first six months 2026
Quarterly dividend per Class A share $1.4625 Dividend number 385, payable October 20, 2026
Total assets 3,557,016 Total assets (in thousands) as of June 30, 2026
Shareholders’ equity 2,467,106 Shareholders’ equity (in thousands) as of June 30, 2026
Operating income before taxes increase Q2 $5.0 million, 2.5 percent Increase in operating income before taxes vs. Q2 2025
Management fee revenue - policy issuance and renewal services financial
"Management fee revenue - policy issuance and renewal services increased $39.0 million"
available-for-sale securities financial
"Available-for-sale securities, net | 1,327,084 | | | 1,286,566"
Available-for-sale securities are investments in stocks, bonds or similar instruments that a company does not intend to trade frequently but may sell before they mature. They matter to investors because changes in the market value of these holdings show up as paper gains or losses on the company's balance sheet rather than immediately in profit, so they can affect reported net worth and the timing of income without changing day-to-day earnings. Think of them like items on a household shelf you might sell later: their value moves with the market even if you haven’t cashed out.
Net realized and unrealized investment gains (losses) financial
"Net realized and unrealized investment gains (losses) | | 557"
defined benefit pension plan financial
"Defined benefit pension plan | | 62,096 | | | 24,137"
A defined benefit pension plan is a retirement program that promises participants a specific monthly payment in retirement, usually based on salary and years worked, with the employer responsible for funding and making up any shortfall. Think of it as the company guaranteeing a steady paycheck in retirement while handling the investments and risks. Investors care because shortfalls become long-term liabilities that can require large cash contributions, affect profitability and borrowing costs, and add uncertainty to a company’s financial health.
securities lending payable financial
"Securities lending payable | | 63,157 | | | 61,936"
Securities lending payable is the line on a firm's balance sheet showing cash or other collateral it has received from borrowers of its securities and must return. Think of it like holding a refundable deposit while someone borrows your textbook: the company can use that cash short‑term but remains liable to give it back, so the amount and how it’s invested affect liquidity, counterparty risk and reported earnings for investors.
Net income Q2 2026 $180.3 million Compared with $174.7 million in the second quarter of 2025
Diluted EPS Q2 2026 $3.45 Compared with $3.34 in the second quarter of 2025
Net income 1H 2026 $330.8 million Compared with $313.1 million in the first six months of 2025
Diluted EPS 1H 2026 $6.32 Compared with $5.99 in the first six months of 2025

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FAQ

What were Erie Indemnity (ERIE) second-quarter 2026 earnings?
Erie Indemnity reported net income of $180.3 million, or $3.45 per diluted share, for the second quarter of 2026, compared with $174.7 million, or $3.34 per diluted share, in the second quarter of 2025.

How did Erie Indemnity (ERIE) perform in the first half of 2026 versus 2025?
For the first six months of 2026, Erie Indemnity generated net income of $330.8 million, or $6.32 per diluted share, compared with $313.1 million, or $5.99 per diluted share, in the first six months of 2025.

What dividend did Erie Indemnity (ERIE) declare and what are the key dates?
The board approved a quarterly Class A dividend of $1.4625 per share, declared July 28, 2026, with ex-dividend and record dates of October 5, 2026, and a payable date of October 20, 2026.

How did Erie Indemnity’s management fee revenue change in Q2 2026?
In the second quarter of 2026, management fee revenue – policy issuance and renewal services increased $39.0 million, or 4.7%, and management fee revenue – administrative services increased $1.3 million, or 7.2%, compared with the second quarter of 2025.

What happened to Erie Indemnity’s investment income in 2026?
Income from investments before taxes was $22.6 million in the second quarter of 2026 versus $19.6 million a year earlier, and $44.7 million in the first six months of 2026 versus $39.1 million in the first six months of 2025.

What is Erie Indemnity’s financial position as of June 30, 2026?
As of June 30, 2026, Erie Indemnity reported total assets of 3,557,016 (in thousands), total liabilities of 1,089,910 (in thousands), and shareholders’ equity of 2,467,106 (in thousands), reflecting its consolidated financial position at mid-year 2026.

Is Erie Indemnity (ERIE) hosting a webcast about the Q2 2026 results?
Yes. Management scheduled a pre-recorded webcast for 10:00 a.m. ET on July 31, 2026, which is complementary to the press release announcing financial results for the quarter and six months ended June 30, 2026.
0000922621false00009226212026-07-282026-07-28
Top of the Form

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):July 28, 2026

ERIE INDEMNITY COMPANY
(Exact name of registrant as specified in its charter)

Pennsylvania0-2400025-0466020
(State or other jurisdiction(Commission(IRS Employer
of incorporation)File Number)Identification No.)

100 Erie Insurance Place,Erie,Pennsylvania16530
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code:814870-2000

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))

Securities registered pursuant to Section 12(b) of the Act:
Class A common stock, stated value $0.0292 per shareERIENASDAQ Stock Market, LLC
(Title of each class)(Trading Symbol)(Name of each exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Top of the Form
Item 2.02 Results of Operations and Financial Condition.

On July 30, 2026, Erie Indemnity Company (the “Company”) issued a press release announcing financial results for the quarter and six months ended June 30, 2026. Copies of the press release and financial information are attached hereto and are incorporated herein by reference as Exhibit 99.1 and Exhibit 99.2, respectively.

On July 31, 2026 at 10:00 a.m. the Company will provide a pre-recorded Webcast that is complementary to the press release announcing financial results for the quarter and six months ended June 30, 2026.



Item 8.01 Other Events.

At its meeting on July 28, 2026, the Company's Board of Directors approved the following quarterly dividend on shares of Erie Indemnity Company Class A common stock:

Dividend Number: 385
Class A Rate Per Share: $1.4625
Declaration Date: July 28, 2026
Ex-Dividend Date: October 5, 2026
Record Date: October 5, 2026
Payable Date: October 20, 2026



Item 9.01 Financial Statements and Exhibits.

Exhibit 99.1 Press Release
Exhibit 99.2 Financial Information
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)








Top of the Form
Exhibit Index
   
Exhibit No. Description
 
99.1 
Press Release
99.2 
Financial Information
104Cover Page Interactive Data File (embedded within the Inline XBRL document)

Top of the Form
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
      
July 30, 2026 By: /s/ Julie M. Pelkowski
    Name: Julie M. Pelkowski
    Title: Executive Vice President & CFO


Exhibit 99.1
ex991image06302022.gif


Erie Indemnity Reports Second Quarter 2026 Results
Net Income per Diluted Share was $3.45 for the Quarter and $6.32 for the Six Months of 2026

Erie, Pa., July 30, 2026 - Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter and six months ending June 30, 2026. Net income was $180.3 million, or $3.45 per diluted share, in the second quarter of 2026, compared to $174.7 million, or $3.34 per diluted share, in the second quarter of 2025. Net income was $330.8 million, or $6.32 per diluted share, in the first six months of 2026, compared to $313.1 million, or $5.99 per diluted share, in the first six months of 2025.

2Q and First Half 2026
(in thousands)2Q'262Q'251H'261H'25
Operating income$204,123 $199,173 $370,910 $350,549 
Investment income22,553 19,600 44,672 39,136 
Other income1,401 1,974 2,821 5,808 
Income before income taxes228,077 220,747 418,403 395,493 
Income tax expense47,783 46,062 87,635 82,391 
Net income$180,294 $174,685 $330,768 $313,102 

2Q 2026 Highlights
Operating income before taxes increased $5.0 million, or 2.5 percent, in the second quarter of 2026 compared to the second quarter of 2025.
•Management fee revenue - policy issuance and renewal services increased $39.0 million, or 4.7 percent, in the second quarter of 2026 compared to the second quarter of 2025.
•Management fee revenue - administrative services increased $1.3 million, or 7.2 percent, in the second quarter of 2026 compared to the second quarter of 2025.
•Cost of operations - policy issuance and renewal services
◦Commissions increased $44.7 million in the second quarter of 2026, compared to the same period in 2025, primarily driven by an increase in agent incentive compensation and the growth in direct and affiliated assumed written premium.
◦Non-commission expense decreased $8.8 million in the second quarter of 2026 compared to the second quarter of 2025. Personnel costs increased $3.0 million, primarily due to increased incentive compensation driven by stronger performance metrics and a smaller decrease in company stock price. This increase was partially offset by bonuses awarded to all employees in 2025 in recognition of our 100th anniversary. Sales and advertising decreased $1.7 million primarily due to a decrease in agent-related and advertising costs. Acquisition and underwriting support costs decreased $3.9 million primarily due to lower underwriting report and postage costs.
Professional fees decreased $5.0 million primarily due to reduced use of third-party services related to technology initiatives. Administrative and other costs decreased $2.1 million primarily due to lower credit card processing fees and charitable contributions related to the transition of charitable giving through the Erie Insurance Foundation.

Income from investments before taxes totaled $22.6 million in the second quarter of 2026 compared to $19.6 million in the second quarter of 2025. Net investment income was $22.6 million in the second quarter of 2026 compared to $20.0 million in the second quarter of 2025.
First Half 2026 Highlights
Operating income before taxes increased $20.4 million, or 5.8 percent, in the first six months of 2026 compared to the first six months of 2025.
•Management fee revenue - policy issuance and renewal services increased $70.4 million, or 4.5 percent, in the first six months of 2026 compared to the first six months of 2025.
•Management fee revenue - administrative services increased $3.2 million, or 8.8 percent, in the first six months of 2026 compared to the first six months of 2025.
•Cost of operations - policy issuance and renewal services
◦Commissions increased $72.7 million in the first six months of 2026 compared to the first six months of 2025, primarily driven by an increase in agent incentive compensation and the growth in direct and affiliated assumed written premium.
◦Non-commission expense decreased $19.5 million for the six months ended June 30, 2026 compared to the same period in 2025. Personnel costs increased $5.1 million, primarily due to increased incentive compensation driven by stronger performance metrics, and higher base compensation. The increase is partially offset by bonuses awarded to all employees in 2025 in recognition of our 100th anniversary. Sales and advertising decreased $3.7 million primarily due to a decrease in agent-related and advertising costs. Acquisition and underwriting support costs decreased $5.7 million primarily due to lower underwriting report costs. Professional fees decreased $12.0 million primarily due to reduced use of third-party services related to technology initiatives. Administrative and other costs decreased $3.7 million primarily due to lower charitable contributions related to the transition of charitable giving through the Erie Insurance Foundation and a decrease in credit card processing fees.

Income from investments before taxes totaled $44.7 million in the first six months of 2026 compared to $39.1 million in the first six months of 2025. Net investment income was $46.1 million in the first six months of 2026 compared to $40.0 million in the first six months of 2025. Net realized and unrealized losses were $0.2 million in the first six months of 2026 compared to gains of $1.0 million in the first six months of 2025. Net impairment losses recognized in earnings were $1.3 million in the first six months of 2026 compared to $1.8 million in the first six months of 2025.
1


Webcast Information
Indemnity has scheduled a pre-recorded audio broadcast on the Web for 10:00 AM ET on July 31, 2026.  Investors may access the pre-recorded audio broadcast by logging on to www.erieinsurance.com.

Erie Insurance Group
Erie Insurance Group, based in Erie, Pennsylvania, is the 10th largest homeowners insurer, 11th largest automobile insurer, and 9th largest commercial lines insurer in the United States based on direct premiums written, according to AM Best Company.  Founded in 1925, Erie Insurance is a Fortune 500 company and the 16th largest property/casualty insurer in the United States based on net premiums written. Rated A (Excellent) by AM Best, ERIE has nearly seven million policies in force and operates in 12 states and the District of Columbia. 

News releases and more information are available on ERIE's website at www.erieinsurance.com.
***
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained herein that are not historical fact are forward-looking statements and, as such, are subject to risks and uncertainties that could cause actual events and results to differ, perhaps materially, from those discussed herein.  Forward-looking statements relate to future trends, events or results and include, without limitation, statements and assumptions on which such statements are based that are related to our plans, strategies, objectives, expectations, intentions, and adequacy of resources.  Examples of forward-looking statements are discussions relating to premium and investment income, expenses, operating results, and compliance with contractual and regulatory requirements.  Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict.  Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.  Among the risks and uncertainties, in addition to those set forth in our filings with the Securities and Exchange Commission, that could cause actual results and future events to differ from those set forth or contemplated in the forward-looking statements include the following:
•dependence upon our relationship with the Erie Insurance Exchange ("Exchange") and the management fee under the agreement with the subscribers at the Exchange;
•dependence upon our relationship with the Exchange and the growth of the Exchange, including:
◦general business and economic conditions;
◦factors impacting the timing of premium rates charged for policies;
◦factors affecting insurance industry competition, including technological innovations;
◦dependence upon the independent agency system; and
◦ability to maintain our brand, including our reputation for customer service;
•dependence upon our relationship with the Exchange and the financial condition of the Exchange, including:
◦the Exchange's ability to maintain acceptable financial strength ratings;
◦factors affecting the quality and liquidity of the Exchange's investment portfolio;
◦changes in government regulation of the insurance industry;
◦litigation and regulatory actions;
◦emergence of significant unexpected events, including pandemics, economic or social inflation, and changes in tariff policies;
◦emerging claims and coverage issues in the industry; and
◦severe weather conditions or other catastrophic losses, including terrorism;
•costs of providing policy issuance and renewal services to the subscribers at the Exchange under the subscriber's agreement;
•ability to attract, develop, retain, and protect talented management and employees;
•ability to ensure system availability and effectively manage technology initiatives;
•difficulties with technology, data or network security breaches, including cyber attacks;
•ability to maintain uninterrupted business operations;
•compliance with complex and evolving laws and regulations and outcome of pending and potential litigation;
•factors affecting the quality and liquidity of our investment portfolio; and
•ability to meet liquidity needs and access capital.

A forward-looking statement speaks only as of the date on which it is made and reflects our analysis only as of that date.  We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changes in assumptions, or otherwise.
2


Exhibit 99.2
Erie Indemnity Company
Consolidated Statements of Operations
(dollars in thousands, except per share data)
Three months ended June 30,Six months ended June 30,
2026202520262025
(Unaudited)(Unaudited)
Operating revenue
Management fee revenue - policy issuance and renewal services$862,879 $823,853 $1,649,278 $1,578,902 
Management fee revenue - administrative services19,619 18,296 39,094 35,941 
Administrative services reimbursement revenue201,554 212,644 401,650 422,917 
Service agreement revenue5,744 5,304 11,685 11,736 
Total operating revenue1,089,796 1,060,097 2,101,707 2,049,496 
Operating expenses
Cost of operations - policy issuance and renewal services684,119 648,280 1,329,147 1,276,030 
Cost of operations - administrative services201,554 212,644 401,650 422,917 
Total operating expenses885,673 860,924 1,730,797 1,698,947 
Operating income204,123 199,173 370,910 350,549 
Investment income
Net investment income22,587 20,030 46,147 39,978 
Net realized and unrealized investment gains (losses)557 479 (208)981 
Net impairment losses recognized in earnings(591)(909)(1,267)(1,823)
Total investment income22,553 19,600 44,672 39,136 
Other income1,401 1,974 2,821 5,808 
Income before income taxes228,077 220,747 418,403 395,493 
Income tax expense47,783 46,062 87,635 82,391 
Net income$180,294 $174,685 $330,768 $313,102 
Net income per share
Class A common stock – basic$3.87 $3.75 $7.10 $6.72 
Class A common stock – diluted$3.45 $3.34 $6.32 $5.99 
Class B common stock – basic and diluted$581 $563 $1,065 $1,008 
Weighted average shares outstanding – Basic
Class A common stock46,189,033 46,189,063 46,188,942 46,188,984 
Class B common stock2,542 2,542 2,542 2,542 
Weighted average shares outstanding – Diluted
Class A common stock52,298,697 52,304,407 52,299,440 52,304,397 
Class B common stock2,542 2,542 2,542 2,542 
Dividends declared per share
Class A common stock$1.4625 $1.365 $2.925 $2.73 
Class B common stock$219.375 $204.75 $438.75 $409.50 
1

Erie Indemnity Company
Consolidated Statements of Financial Position
(in thousands)
June 30,
2026		December 31, 2025
(Unaudited)
Assets
Current assets:
Cash and cash equivalents (includes restricted cash of $39,608 and $30,189, respectively)
$282,902 $345,874 
Available-for-sale securities61,715 33,902 
Available-for-sale securities lent1,973 3,436 
Receivables from Erie Insurance Exchange and affiliates, net753,245 735,589 
Prepaid expenses and other current assets, net92,533 66,061 
Accrued investment income14,194 14,311 
Total current assets1,206,562 1,199,173 
Available-for-sale securities, net1,327,084 1,286,566 
Equity securities150,516 70,624 
Available-for-sale and equity securities lent67,939 61,063 
Fixed assets, net593,365 571,476 
Agent loans, net100,680 93,953 
Defined benefit pension plan62,096 24,137 
Other assets, net48,774 48,489 
Total assets$3,557,016 $3,355,481 
Liabilities and shareholders' equity
Current liabilities:
Commissions payable$457,211 $425,320 
Agent incentive compensation116,570 132,560 
Accounts payable and accrued liabilities205,760 200,701 
Dividends payable68,109 68,109 
Contract liability48,457 47,561 
Deferred executive compensation9,154 9,400 
Securities lending payable63,157 61,936 
Total current liabilities968,418 945,587 
Defined benefit pension plan34,703 33,410 
Contract liability23,148 23,274 
Deferred executive compensation21,018 22,050 
Deferred income taxes, net19,085 24,788 
Other long-term liabilities23,538 22,998 
Total liabilities1,089,910 1,072,107 
Shareholders’ equity2,467,106 2,283,374 
Total liabilities and shareholders’ equity$3,557,016 $3,355,481 
2

Source: View Original Filing on SEC EDGAR

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