Form 10-Q · Quarterly report
Erie Indemnity 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0000922621
- Accession no.
- 0001628280-26-051079
Summary
Erie Indemnity reported second-quarter 2026 net income of $180.3 million, or $3.45 per diluted share, up 3.2% from a year earlier, on management fee revenue that rose 4.7% to $862.9 million as premiums written by the Erie Insurance Exchange grew 3.3% to $3.5 billion. The company also said a 2025 information security incident has been remediated without material impact and that it is seeking recovery of related lost income from its cybersecurity insurance policy; it remains dependent on the Exchange, its sole customer, for management fee revenue.
Key points
- Net income rose 3.2% to $180.3 million, or $3.45 per diluted share, in the second quarter of 2026, and 5.6% to $330.8 million for the six months ended June 30, 2026.
- Management fee revenue for policy issuance and renewal services increased 4.7% to $862.9 million in the second quarter of 2026, at an unchanged 25% management fee rate.
- Direct and affiliated assumed premiums written by the Erie Insurance Exchange rose 3.3% to $3.5 billion in the second quarter and 3.4% to $6.8 billion for the six months.
- Erie Indemnity said a 2025 information security incident has been remediated with no material impact on its financial condition, results of operations or cash flows, and that it continues to pursue recovery of lost income and related expenses from its cybersecurity insurance policy.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Results of Operations 29 Financial Condition 35 Liquidity and Capital Resources 36 Critical Accounting Estimates 38 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION "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. …
An excerpt of the text as filed with the SEC, cut for length.
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