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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):April 21, 2026ERIE INDEMNITY COMPANY(Exact name of registrant as specified in its charter)Pennsylvania0-2400025-0466020(State or other jurisdiction(Commission(IRS Employerof 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:814870-2000Not applicableFormer 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. ☐
Item 2.02 Results of Operations and Financial Condition.
On April 23, 2026, Erie Indemnity Company (the “Company”) issued a press release announcing financial results for the quarter ended March 31, 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 April 24, 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 ended March 31, 2026.
Item 5.07 Submission of Matters to a Vote of Security Holders.
(a) The Company held its 101st Annual Meeting of Shareholders (the “Annual Meeting”) on April 21, 2026. On the record date for the Annual Meeting, the Company had 2,542 shares of Class B common stock outstanding, which had the exclusive right to vote on all matters presented for consideration at the meeting.
(b) At the Annual Meeting, shareholders of the Company re-elected the 10 incumbent directors and one new director to serve on the Company’s Board of Directors for a one-year term. The names of the elected directors and voting results appear below. None of the shareholders who voted for the election of Directors withheld authority or abstained.
ForJ. Ralph Borneman, Jr.2,542Eugene C. Connell2,542Salvatore Correnti2,542LuAnn Datesh2,542William D. Edwards2,542Jonathan Hirt Hagen2,542Thomas B. Hagen2,542C. Scott Hartz2,542Brian A. Hudson, Sr.2,542Thomas W. Palmer2,542Elizabeth Hirt Vorsheck2,542
(c) In accordance with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, shareholders were asked to approve, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s 2026 Information Statement. The compensation of the named executive officers was unanimously approved by the 2,542 votes cast.
Item 8.01 Other Events.
(a) At its meeting on April 21, 2026, the Company’s Board of Directors approved the following quarterly dividend on shares of Erie Indemnity Company Class A common stock:
Dividend Number: 384
Class A Rate Per Share: $1.4625
Declaration Date: April 21, 2026
Ex-Dividend Date: July 7, 2026
Record Date: July 7, 2026
Payable Date: July 21, 2026
(b) In addition to his re-election to the Board, Jonathan Hirt Hagen was elected Chairman of the Board. Thomas B. Hagen, also re-elected to the Board, will serve as Chairman Emeritus. Thomas B. Hagen previously served as Chairman since 2007.
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)
Exhibit Index
Exhibit No. Description 99.1
Press Release
99.2
Financial Information
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
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 April 23, 2026 By: /s/ Julie M. Pelkowski Name: Julie M. Pelkowski Title: Executive Vice President & CFO
Erie Indemnity Reports First Quarter 2026 Results
Net Income was $150.5 million, Earnings per Diluted Share was $2.88
Erie, Pa., April 23, 2026 – Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending March 31, 2026. Net income was $150.5 million, or $2.88 per diluted share, in the first quarter of 2026, compared to $138.4 million, or $2.65 per diluted share, in the first quarter of 2025.
1Q 2026(in thousands)1Q’261Q’25Operating income$166,787 $151,376 Investment income22,119 19,536 Other income1,420 3,834 Income before income taxes190,326 174,746 Income tax expense39,852 36,329 Net income$150,474 $138,417
Operating income before taxes increased $15.4 million, or 10.2 percent, in the first quarter of 2026 compared to the first quarter of 2025.
•Management fee revenue – policy issuance and renewal services increased $31.4 million, or 4.2 percent, in the first quarter of 2026 compared to the first quarter of 2025.
•Management fee revenue – administrative services increased $1.8 million, or 10.4 percent, in the first quarter of 2026 compared to the first quarter of 2025.
•Cost of operations – policy issuance and renewal services
◦Commissions increased $28.0 million in the first 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 $10.7 million in the first quarter of 2026 compared to the first quarter of 2025. Personnel costs increased $2.1 million, primarily driven by higher pension costs and increased compensation. Sales and advertising decreased $2.0 million primarily due to a decrease in advertising costs and community development initiative costs. Acquisition and underwriting support costs decreased $1.9 million primarily due to lower underwriting report costs. Professional fees decreased $7.0 million primarily due to reduced use of third-party services related to technology initiatives. Administrative and other costs decreased $1.6 million
primarily due to lower charitable contributions related to the transition of charitable giving through the Erie Insurance Foundation, partially offset by an increase in credit card processing fees.
Income from investments before taxes totaled $22.1 million in the first quarter of 2026 compared to $19.5 million in the first quarter of 2025. Net investment income was $23.6 million in the first quarter of 2026 compared to $19.9 million in the first quarter of 2025. Net realized and unrealized losses were $0.8 million in the first quarter of 2026 compared to gains of $0.5 million in the first quarter of 2025.
Webcast Information
Indemnity has scheduled a pre-recorded audio broadcast on the Web for 10:00 AM ET on April 24, 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 11th largest homeowners insurer, 12th largest automobile insurer and 10th 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.
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“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.
Exhibit 99.2
Erie Indemnity Company
Consolidated Statements of Operations
(dollars in thousands, except per share data)
Three months ended March 31,20262025(Unaudited)Operating revenueManagement fee revenue – policy issuance and renewal services$786,399 $755,049 Management fee revenue – administrative services19,475 17,645 Administrative services reimbursement revenue200,096 210,273 Service agreement revenue5,941 6,432 Total operating revenue1,011,911 989,399 Operating expensesCost of operations – policy issuance and renewal services645,028 627,750 Cost of operations – administrative services200,096 210,273 Total operating expenses845,124 838,023 Operating income166,787 151,376 Investment incomeNet investment income23,560 19,948 Net realized and unrealized investment (losses) gains(765)502 Net impairment losses recognized in earnings(676)(914)Total investment income22,119 19,536 Other income1,420 3,834 Income before income taxes190,326 174,746 Income tax expense39,852 36,329 Net income$150,474 $138,417 Net income per shareClass A common stock – basic$3.23 $2.97 Class A common stock – diluted$2.88 $2.65 Class B common stock – basic and diluted$485 $446 Weighted average shares outstanding – BasicClass A common stock46,188,850 46,188,903 Class B common stock2,542 2,542 Weighted average shares outstanding – DilutedClass A common stock52,300,180 52,304,384 Class B common stock2,542 2,542 Dividends declared per shareClass A common stock$1.4625 $1.365 Class B common stock$219.375 $204.75
Erie Indemnity Company
Consolidated Statements of Financial Position
(in thousands)
March 31,
2026December 31, 2025(Unaudited)AssetsCurrent assets:
Cash and cash equivalents (includes restricted cash of $39,549 and $30,189, respectively)
$268,616 $345,874 Available-for-sale securities53,995 33,902 Available-for-sale securities lent870 3,436 Receivables from Erie Insurance Exchange and affiliates, net743,236 735,589 Prepaid expenses and other current assets, net79,713 66,061 Accrued investment income14,469 14,311 Total current assets1,160,899 1,199,173 Available-for-sale securities, net1,296,154 1,286,566 Equity securities67,889 70,624 Available-for-sale and equity securities lent54,417 61,063 Fixed assets, net579,649 571,476 Agent loans, net102,436 93,953 Defined benefit pension plan66,617 24,137 Other assets, net48,617 48,489 Total assets$3,376,678 $3,355,481 Liabilities and shareholders’ equityCurrent liabilities:Commissions payable$440,465 $425,320 Agent incentive compensation58,393 132,560 Accounts payable and accrued liabilities229,421 200,701 Dividends payable68,109 68,109 Contract liability47,432 47,561 Deferred executive compensation6,466 9,400 Securities lending payable49,621 61,936 Total current liabilities899,907 945,587 Defined benefit pension plan34,023 33,410 Contract liability22,936 23,274 Deferred executive compensation24,023 22,050 Deferred income taxes, net19,982 24,788 Other long-term liabilities22,286 22,998 Total liabilities1,023,157 1,072,107 Shareholders’ equity2,353,521 2,283,374 Total liabilities and shareholders’ equity$3,376,678 $3,355,481