Erie Indemnity Co - Sets Management Fee Rate And Dividend Increase - Sec Filing

Reuters

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Erie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Regular Dividends

Dow Jones Newswires

Erie Indemnity

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ERIE, Pa., Dec. 11, 2025 /PRNewswire/ — At its regular meeting held Dec. 9, 2025, the Board of Directors of Erie Indemnity Company set the management fee rate charged to Erie Insurance Exchange, approved an increase in shareholder dividends and declared the regular quarterly dividend. Erie Indemnity Company has paid regular shareholder dividends since 1933.

The Board agreed to maintain the current management fee rate paid to Erie Indemnity Company by Erie Insurance Exchange at 25 percent, effective Jan. 1, 2026. The management fee rate was 25 percent for the period Jan. 1 through Dec. 31, 2025. The Board has the authority under the agreement with the subscribers (policyholders) at Erie Insurance Exchange to set the management fee rate at its discretion; however, the maximum fee rate permissible by the agreement is 25 percent. This action was taken based on various factors including consideration and review of the relative financial positions of Erie Insurance Exchange and Erie Indemnity Company.

The Board also agreed to increase the regular quarterly cash dividend from $1.365 to $1.4625 on each Class A share and from $204.75 to $219.375 on each Class B share. This represents a 7.1 percent increase in the payout per share over the current dividend rate. The next quarterly dividend is payable Jan. 21, 2026, to shareholders of record as of Jan. 6, 2026, with a dividend ex-date of Jan. 6, 2026.

About Erie Insurance

Erie Insurance Group, based in Erie, Pennsylvania, is the 11(th) largest homeowners insurer, 12(th) largest automobile insurer and 10(th) 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 16(th) largest property/casualty insurer in the United States based on net premiums written. Rated A (Excellent) by AM Best, ERIE has more than 7 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 and retain 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.

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SOURCE Erie Indemnity Company

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Winners And Losers Of Q3: American Financial Group (NYSE:AFG) Vs The Rest Of The Property & Casualty Insurance Stocks

Stock Story

Selective Insurance Group, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B

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Skyward Specialty Insurance

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Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at American Financial Group and its peers.

Property & Casualty (P&C) insurers protect individuals and businesses against financial loss from damage to property or from legal liability. This is a cyclical industry, and the sector benefits when there is 'hard market', characterized by strong premium rate increases that outpace loss and cost inflation, resulting in robust underwriting margins. The opposite is true in a 'soft market'. Interest rates also matter, as they determine the yields earned on fixed-income portfolios. On the other hand, P&C insurers face a major secular headwind from the increasing frequency and severity of catastrophe losses due to climate change. Furthermore, the liability side of the business is pressured by 'social inflation'—the trend of rising litigation costs and larger jury awards.

The 33 property & casualty insurance stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 15.1%.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

American Financial Group

With roots dating back to 1872 and a business model that empowers local decision-making, American Financial Group is an insurance holding company that specializes in commercial property and casualty insurance products for businesses through its Great American Insurance Group.

American Financial Group reported revenues of $2.20 billion, down 1.3% year on year. This print exceeded analysts’ expectations by 1.8%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ revenue estimates and a decent beat of analysts’ book value per share estimates.

Interestingly, the stock is up 2.4% since reporting and currently trades at $134.60.

Is now the time to buy American Financial Group? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Root

Pioneering a data-driven approach that rewards good driving habits, Root is a technology-driven auto insurance company that uses mobile apps to acquire customers and data science to price policies based on individual driving behavior.

Root reported revenues of $387.8 million, up 26.9% year on year, outperforming analysts’ expectations by 4.5%. The business had an incredible quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ net premiums earned estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 10.1% since reporting. It currently trades at $80.45.

Is now the time to buy Root? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Selective Insurance Group

Founded in 1926 during the early days of automobile insurance, Selective Insurance Group is a property and casualty insurance company that sells commercial, personal, and excess and surplus lines insurance products through independent agents.

Selective Insurance Group reported revenues of $1.36 billion, up 9.3% year on year, exceeding analysts’ expectations by 364%. Still, it was a softer quarter as it posted a significant miss of analysts’ EPS estimates and a significant miss of analysts’ book value per share estimates.

As expected, the stock is down 5.5% since the results and currently trades at $76.71.

Read our full analysis of Selective Insurance Group’s results here.

Erie Indemnity

Operating under a unique business model dating back to 1925, Erie Indemnity serves as the attorney-in-fact for Erie Insurance Exchange, managing policy issuance, claims handling, and investment services for this reciprocal insurer.

Erie Indemnity reported revenues of $1.07 billion, up 6.7% year on year. This print missed analysts’ expectations by 1.6%. Overall, it was a slower quarter as it also recorded a miss of analysts’ revenue estimates and a narrow beat of analysts’ EPS estimates.

The stock is down 9.3% since reporting and currently trades at $280.97.

Read our full, actionable report on Erie Indemnity here, it’s free for active Edge members.

Skyward Specialty Insurance

Founded in 2006 to serve markets where standard insurance coverage falls short, Skyward Specialty Insurance provides customized commercial property, casualty, and health insurance solutions for underserved or specialized market niches.

Skyward Specialty Insurance reported revenues of $382.5 million, up 27.1% year on year. This result surpassed analysts’ expectations by 14.3%. Overall, it was a stunning quarter as it also produced an impressive beat of analysts’ net premiums earned estimates and a solid beat of analysts’ revenue estimates.

The stock is flat since reporting and currently trades at $46.74.

Read our full, actionable report on Skyward Specialty Insurance here, it’s free for active Edge members.

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Dj Erie Indemnity Corporate Cl A Stock Falls 5.3%, Underperforms Peers

Reuters

Old Republic International

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Dj Erie Indemnity Company Class A, Inst Holders, 3Q 2025 (Erie)

Reuters

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Dj Erie Indemnity Corporate Cl A Stock Underperforms Friday When Compared To Competitors Despite Daily Gains

Reuters

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Property & Casualty Insurance Stocks Q3 Highlights: HCI Group (NYSE:HCI)

Stock Story

Selective Insurance Group, Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B

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HCI Group

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The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how HCI Group and the rest of the property & casualty insurance stocks fared in Q3.

The 33 property & casualty insurance stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 3.8%.

In light of this news, share prices of the companies have held steady as they are up 3.5% on average since the latest earnings results.

HCI Group

Starting as a Florida "take-out" insurer that assumed policies from the state-backed Citizens Property Insurance Corporation, HCI Group provides property and casualty insurance, primarily homeowners coverage, while leveraging proprietary technology to improve underwriting and claims processing.

HCI Group reported revenues of $216.4 million, up 23.4% year on year. This print fell short of analysts’ expectations by 3.7%, but it was still a strong quarter for the company with a solid beat of analysts’ book value per share estimates and a beat of analysts’ EPS estimates.

Management Commentary“This was another strong quarter, marked by solid profitability, industry-leading net combined ratios, and meaningful growth in book value per share,” said HCI Group Chairman and Chief Executive Officer Paresh Patel.

Unsurprisingly, the stock is down 4.1% since reporting and currently trades at $187.35.

Read why we think that HCI Group is one of the best property & casualty insurance stocks, our full report is free.

Best Q3: Root

Root reported revenues of $387.8 million, up 26.9% year on year, outperforming analysts’ expectations by 4.5%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ net premiums earned estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 3.5% since reporting. It currently trades at $85.90.

Is now the time to buy Root? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Selective Insurance Group

Selective Insurance Group reported revenues of $138.7 million, down 88.9% year on year, falling short of analysts’ expectations by 52.7%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.

Selective Insurance Group delivered the weakest performance against analyst estimates and slowest revenue growth in the group. As expected, the stock is down 2.9% since the results and currently trades at $79.02.

Read our full analysis of Selective Insurance Group’s results here.

Radian Group

Founded during the housing boom of 1977 and weathering multiple real estate cycles since, Radian Group provides mortgage insurance and real estate services, helping lenders manage risk and homebuyers achieve affordable homeownership.

Radian Group reported revenues of $303.2 million, down 3.3% year on year. This result missed analysts’ expectations by 4.5%. It was a slower quarter as it also produced a significant miss of analysts’ revenue estimates.

The stock is up 3.4% since reporting and currently trades at $35.49.

Read our full, actionable report on Radian Group here, it’s free for active Edge members.

Erie Indemnity

Erie Indemnity reported revenues of $1.07 billion, up 6.7% year on year. This print came in 1.6% below analysts' expectations. Overall, it was a slower quarter as it also recorded a miss of analysts’ revenue estimates and a narrow beat of analysts’ EPS estimates.

The stock is down 9.6% since reporting and currently trades at $279.01.

Read our full, actionable report on Erie Indemnity here, it’s free for active Edge members.

Market Update

Thanks to the Fed’s rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn’t send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump’s November win lit a fire under major indices and sent them to all-time highs. However, there’s still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy.

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