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<\/p>\n0000922621false00009226212026-04-212026-04-21<\/p>\n
UNITED STATES<\/p>\n
SECURITIES AND EXCHANGE COMMISSION<\/p>\n
WASHINGTON, D.C. 20549<\/p>\n
FORM 8-K <\/p>\n
CURRENT REPORT<\/p>\n
Pursuant to Section\u00a013 or 15(d) of the Securities Exchange Act of 1934<\/p>\n
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\u00a0Erie\u00a0Insurance\u00a0Place,Erie,Pennsylvania16530(Address of principal executive offices)(Zip Code)Registrant\u2019s telephone number, including area code:814870-2000Not\u00a0applicableFormer name or former address, if changed since last report<\/p>\n
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:<\/p>\n
\u2610\u00a0\u00a0Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<\/p>\n
\u2610\u00a0\u00a0Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<\/p>\n
\u2610\u00a0\u00a0Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<\/p>\n
\u2610\u00a0\u00a0Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<\/p>\n
Securities registered pursuant to Section\u00a012(b)\u00a0of the Act:<\/p>\n
Class\u00a0A common stock,\u00a0stated value $0.0292 per shareERIENASDAQ Stock Market, LLC(Title of each class)(Trading Symbol)(Name of each exchange on which registered)<\/p>\n
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. <\/p>\n
Emerging growth company \u2610 <\/p>\n
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. \u2610 <\/p>\n
Item 2.02 Results of Operations and Financial Condition.<\/p>\n
On April\u00a023, 2026, Erie Indemnity Company (the \u201cCompany\u201d) issued a press release announcing financial results for the quarter ended March\u00a031, 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. <\/p>\n
On April\u00a024, 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\u00a031, 2026.<\/p>\n
Item 5.07 Submission of Matters to a Vote of Security Holders.<\/p>\n
(a) The Company held its 101st Annual Meeting of Shareholders (the \u201cAnnual Meeting\u201d) 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.<\/p>\n
(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. <\/p>\n
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<\/p>\n
(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.<\/p>\n
Item 8.01 Other Events. <\/p>\n
(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: <\/p>\n
Dividend Number: 384<\/p>\n
Class A Rate Per Share: $1.4625<\/p>\n
Declaration Date: April 21, 2026<\/p>\n
Ex-Dividend Date: July 7, 2026<\/p>\n
Record Date: July 7, 2026<\/p>\n
Payable Date: July 21, 2026<\/p>\n
(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.<\/p>\n
Item 9.01 Financial Statements and Exhibits.<\/p>\n
Exhibit 99.1 Press Release<\/p>\n
Exhibit 99.2 Financial Information<\/p>\n
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)<\/p>\n
Exhibit\u00a0Index<\/p>\n
\u00a0\u00a0\u00a0Exhibit No.\u00a0Description\u00a099.1\u00a0<\/p>\n
Press Release<\/p>\n
99.2\u00a0<\/p>\n
Financial Information<\/p>\n
104Cover Page Interactive Data File (embedded within the Inline XBRL document)<\/p>\n
SIGNATURES<\/p>\n
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.<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Erie Indemnity Company\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0April 23, 2026\u00a0By:\u00a0\/s\/ Julie M. Pelkowski\u00a0\u00a0\u00a0\u00a0Name: Julie M. Pelkowski\u00a0\u00a0\u00a0\u00a0Title: Executive Vice President & CFO<\/p>\n
<\/p>\n
Erie Indemnity Reports First Quarter 2026 Results<\/p>\n
Net Income was $150.5 million, Earnings per Diluted Share was $2.88 <\/p>\n
Erie, Pa., April\u00a023, 2026 – Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending March\u00a031, 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. <\/p>\n
1Q 2026(in thousands)1Q’261Q’25Operating income$166,787\u00a0$151,376\u00a0Investment income22,119\u00a019,536\u00a0Other income1,420\u00a03,834\u00a0Income before income taxes190,326\u00a0174,746\u00a0Income tax expense39,852\u00a036,329\u00a0Net income$150,474\u00a0$138,417\u00a0<\/p>\n
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.<\/p>\n
\u2022Management 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.<\/p>\n
\u2022Management 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.<\/p>\n
\u2022Cost of operations – policy issuance and renewal services<\/p>\n
\u25e6Commissions 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.<\/p>\n
\u25e6Non-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 <\/p>\n
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.<\/p>\n
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. <\/p>\n
Webcast Information<\/p>\n
Indemnity has scheduled a pre-recorded audio broadcast on the Web for\u00a010:00 AM ET\u00a0on April\u00a024, 2026.\u00a0 Investors may access the pre-recorded audio broadcast by logging on to www.erieinsurance.com.<\/p>\n
Erie Insurance Group<\/p>\n
Erie Insurance Group, based in\u00a0Erie, Pennsylvania, is the 11th\u00a0largest homeowners insurer, 12th largest automobile insurer and 10th largest commercial lines insurer in\u00a0the United States\u00a0based on direct premiums written, according to AM Best Company.\u00a0 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\u00a0AM Best, ERIE has nearly seven million policies in force and operates in 12 states and the\u00a0District of Columbia.\u00a0<\/p>\n
News releases and more information are available on ERIE’s website at\u00a0www.erieinsurance.com.<\/p>\n
***<\/p>\n
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:<\/p>\n
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.\u00a0 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.\u00a0 Examples of forward-looking statements are discussions relating to premium and investment income, expenses, operating results, and compliance with contractual and regulatory requirements.\u00a0 Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict.\u00a0 Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.\u00a0 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:<\/p>\n
\u2022dependence upon our relationship with the Erie Insurance Exchange (“Exchange”) and the management fee under the agreement with the subscribers at the Exchange;<\/p>\n
\u2022dependence upon our relationship with the Exchange and the growth of the Exchange, including:<\/p>\n
\u25e6general business and economic conditions;<\/p>\n
\u25e6factors impacting the timing of premium rates charged for policies;<\/p>\n
\u25e6factors affecting insurance industry competition, including technological innovations;<\/p>\n
\u25e6dependence upon the independent agency system; and<\/p>\n
\u25e6ability to maintain our brand, including our reputation for customer service;<\/p>\n
\u2022dependence upon our relationship with the Exchange and the financial condition of the Exchange, including:<\/p>\n
\u25e6the Exchange’s ability to maintain acceptable financial strength ratings;<\/p>\n
\u25e6factors affecting the quality and liquidity of the Exchange’s investment portfolio;<\/p>\n
\u25e6changes in government regulation of the insurance industry;<\/p>\n
\u25e6litigation and regulatory actions;<\/p>\n
\u25e6emergence of significant unexpected events, including pandemics, economic or social inflation, and changes in tariff policies;<\/p>\n
\u25e6emerging claims and coverage issues in the industry; and<\/p>\n
\u25e6severe weather conditions or other catastrophic losses, including terrorism;<\/p>\n
\u2022costs of providing policy issuance and renewal services to the subscribers at the Exchange under the subscriber’s agreement;<\/p>\n
\u2022ability to attract, develop, retain, and protect talented management and employees;<\/p>\n
\u2022ability to ensure system availability and effectively manage technology initiatives;<\/p>\n
\u2022difficulties with technology, data or network security breaches, including cyber attacks;<\/p>\n
\u2022ability to maintain uninterrupted business operations; <\/p>\n
\u2022compliance with complex and evolving laws and regulations and outcome of pending and potential litigation;<\/p>\n
\u2022factors affecting the quality and liquidity of our investment portfolio; and<\/p>\n
\u2022ability to meet liquidity needs and access capital.<\/p>\n
A forward-looking statement speaks only as of the date on which it is made and reflects our analysis only as of that date.\u00a0 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.<\/p>\n
Exhibit 99.2<\/p>\n
Erie Indemnity Company<\/p>\n
Consolidated Statements of Operations<\/p>\n
(dollars in thousands, except per share data)<\/p>\n
Three months ended March 31,20262025(Unaudited)Operating revenueManagement fee revenue – policy issuance and renewal services$786,399\u00a0$755,049\u00a0Management fee revenue – administrative services19,475\u00a017,645\u00a0Administrative services reimbursement revenue200,096\u00a0210,273\u00a0Service agreement revenue5,941\u00a06,432\u00a0Total operating revenue1,011,911\u00a0989,399\u00a0Operating expensesCost of operations – policy issuance and renewal services645,028\u00a0627,750\u00a0Cost of operations – administrative services200,096\u00a0210,273\u00a0Total operating expenses845,124\u00a0838,023\u00a0Operating income166,787\u00a0151,376\u00a0Investment incomeNet investment income23,560\u00a019,948\u00a0Net realized and unrealized investment (losses) gains(765)502\u00a0Net impairment losses recognized in earnings(676)(914)Total investment income22,119\u00a019,536\u00a0Other income1,420\u00a03,834\u00a0Income before income taxes190,326\u00a0174,746\u00a0Income tax expense39,852\u00a036,329\u00a0Net income$150,474\u00a0$138,417\u00a0Net income per shareClass\u00a0A common stock \u2013 basic$3.23\u00a0$2.97\u00a0Class\u00a0A common stock \u2013 diluted$2.88\u00a0$2.65\u00a0Class\u00a0B common stock \u2013 basic and diluted$485\u00a0$446\u00a0Weighted average shares outstanding \u2013 BasicClass\u00a0A common stock46,188,850\u00a046,188,903\u00a0Class\u00a0B common stock2,542\u00a02,542\u00a0Weighted average shares outstanding \u2013 DilutedClass\u00a0A common stock52,300,180\u00a052,304,384\u00a0Class\u00a0B common stock2,542\u00a02,542\u00a0Dividends declared per shareClass\u00a0A common stock$1.4625\u00a0$1.365\u00a0Class\u00a0B common stock$219.375\u00a0$204.75\u00a0<\/p>\n
Erie Indemnity Company<\/p>\n
Consolidated Statements of Financial Position<\/p>\n
(in thousands)<\/p>\n
March 31,
2026December 31, 2025(Unaudited)AssetsCurrent assets:<\/p>\n
Cash and cash equivalents (includes restricted cash of $39,549 and $30,189, respectively)<\/p>\n
$268,616\u00a0$345,874\u00a0Available-for-sale securities53,995\u00a033,902\u00a0Available-for-sale securities lent870\u00a03,436\u00a0Receivables from Erie Insurance Exchange and affiliates, net743,236\u00a0735,589\u00a0Prepaid expenses and other current assets, net79,713\u00a066,061\u00a0Accrued investment income14,469\u00a014,311\u00a0Total current assets1,160,899\u00a01,199,173\u00a0Available-for-sale securities, net1,296,154\u00a01,286,566\u00a0Equity securities67,889\u00a070,624\u00a0Available-for-sale and equity securities lent54,417\u00a061,063\u00a0Fixed assets, net579,649\u00a0571,476\u00a0Agent loans, net102,436\u00a093,953\u00a0Defined benefit pension plan66,617\u00a024,137\u00a0Other assets, net48,617\u00a048,489\u00a0Total assets$3,376,678\u00a0$3,355,481\u00a0Liabilities and shareholders’ equityCurrent liabilities:Commissions payable$440,465\u00a0$425,320\u00a0Agent incentive compensation58,393\u00a0132,560\u00a0Accounts payable and accrued liabilities229,421\u00a0200,701\u00a0Dividends payable68,109\u00a068,109\u00a0Contract liability47,432\u00a047,561\u00a0Deferred executive compensation6,466\u00a09,400\u00a0Securities lending payable49,621\u00a061,936\u00a0Total current liabilities899,907\u00a0945,587\u00a0Defined benefit pension plan34,023\u00a033,410\u00a0Contract liability22,936\u00a023,274\u00a0Deferred executive compensation24,023\u00a022,050\u00a0Deferred income taxes, net19,982\u00a024,788\u00a0Other long-term liabilities22,286\u00a022,998\u00a0Total liabilities1,023,157\u00a01,072,107\u00a0Shareholders\u2019 equity2,353,521\u00a02,283,374\u00a0Total liabilities and shareholders\u2019 equity$3,376,678\u00a0$3,355,481\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"0000922621false00009226212026-04-212026-04-21 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section\u00a013 or…\n","protected":false},"author":2,"featured_media":174544,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[78306,78305,17263,136,138,9080,137,9706,78304,78303],"class_list":{"0":"post-174543","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-erie","8":"tag-8-k-filing","9":"tag-diluted-eps","10":"tag-dividend","11":"tag-erie","12":"tag-erie-headlines","13":"tag-erie-indemnity","14":"tag-erie-news","15":"tag-net-income","16":"tag-q1-2026-earnings","17":"tag-quarterly-results"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/174543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=174543"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/174543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/174544"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=174543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=174543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=174543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}