Form 10-Q · Quarterly report
Erie Indemnity 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0000922621
- Accession no.
- 0001628280-26-068274
Summary
Erie Indemnity reported third-quarter 2026 net income of $181.99 million, or $3.48 per diluted share, down 0.5% from a year earlier, while net income for the nine months ended September 30, 2026 rose 3.4% to $512.76 million. Management fee revenue for policy issuance and renewal services grew 2.6% to $847.0 million in the quarter and 3.8% to $2.5 billion year-to-date, based on a 25% management fee rate and a 1.8% quarterly increase in direct and affiliated assumed premiums written by the Erie Insurance Exchange.
Key points
- Direct and affiliated assumed premiums written by the Erie Insurance Exchange rose 1.8% to $3.5 billion in the third quarter of 2026 and 2.9% to $10.2 billion for the nine months ended September 30, 2026.
- Cost of operations for policy issuance and renewal services rose 3.6% to $665.0 million in the quarter, driven by higher agent incentive compensation, scheduled commissions and technology costs.
- Erie Indemnity recognized $4.0 million of recoveries under its cybersecurity insurance policy as of September 30, 2026, relating to a 2025 information security incident it says has been remediated and had no material impact.
- Personal lines accounted for 71% of the Exchange's 2025 direct and affiliated assumed written premiums, with commercial lines at 29%.
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 31 Financial Condition 37 Liquidity and Capital Resources 38 Critical Accounting Estimates 40 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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