| Three months ended March 31, | |||||||||||||||||
| 2026 | 2025 | ||||||||||||||||
| (Unaudited) | |||||||||||||||||
| Operating revenue | |||||||||||||||||
| Management fee revenue - policy issuance and renewal services | $ | 786,399 | $ | 755,049 | |||||||||||||
| Management fee revenue - administrative services | 19,475 | 17,645 | |||||||||||||||
| Administrative services reimbursement revenue | 200,096 | 210,273 | |||||||||||||||
| Service agreement revenue | 5,941 | 6,432 | |||||||||||||||
| Total operating revenue | 1,011,911 | 989,399 | |||||||||||||||
| Operating expenses | |||||||||||||||||
| Cost of operations - policy issuance and renewal services | 645,028 | 627,750 | |||||||||||||||
| Cost of operations - administrative services | 200,096 | 210,273 | |||||||||||||||
| Total operating expenses | 845,124 | 838,023 | |||||||||||||||
| Operating income | 166,787 | 151,376 | |||||||||||||||
| Investment income | |||||||||||||||||
| Net investment income | 23,560 | 19,948 | |||||||||||||||
| Net realized and unrealized investment (losses) gains | (765) | 502 | |||||||||||||||
| Net impairment losses recognized in earnings | (676) | (914) | |||||||||||||||
| Total investment income | 22,119 | 19,536 | |||||||||||||||
| Other income | 1,420 | 3,834 | |||||||||||||||
| Income before income taxes | 190,326 | 174,746 | |||||||||||||||
| Income tax expense | 39,852 | 36,329 | |||||||||||||||
| Net income | $ | 150,474 | $ | 138,417 | |||||||||||||
| Net income per share | |||||||||||||||||
| Class 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 – Basic | |||||||||||||||||
| Class A common stock | 46,188,850 | 46,188,903 | |||||||||||||||
| Class B common stock | 2,542 | 2,542 | |||||||||||||||
| Weighted average shares outstanding – Diluted | |||||||||||||||||
| Class A common stock | 52,300,180 | 52,304,384 | |||||||||||||||
| Class B common stock | 2,542 | 2,542 | |||||||||||||||
| Dividends declared per share | |||||||||||||||||
| Class A common stock | $ | 1.4625 | $ | 1.365 | |||||||||||||
| Class B common stock | $ | 219.375 | $ | 204.75 | |||||||||||||
| March 31, 2026 | December 31, 2025 | |||||||||||||
| (Unaudited) | ||||||||||||||
| Assets | ||||||||||||||
| Current assets: | ||||||||||||||
Cash and cash equivalents (includes restricted cash of $39,549 and $30,189, respectively) | $ | 268,616 | $ | 345,874 | ||||||||||
| Available-for-sale securities | 53,995 | 33,902 | ||||||||||||
| Available-for-sale securities lent | 870 | 3,436 | ||||||||||||
| Receivables from Erie Insurance Exchange and affiliates, net | 743,236 | 735,589 | ||||||||||||
| Prepaid expenses and other current assets, net | 79,713 | 66,061 | ||||||||||||
| Accrued investment income | 14,469 | 14,311 | ||||||||||||
| Total current assets | 1,160,899 | 1,199,173 | ||||||||||||
| Available-for-sale securities, net | 1,296,154 | 1,286,566 | ||||||||||||
| Equity securities | 67,889 | 70,624 | ||||||||||||
| Available-for-sale and equity securities lent | 54,417 | 61,063 | ||||||||||||
| Fixed assets, net | 579,649 | 571,476 | ||||||||||||
| Agent loans, net | 102,436 | 93,953 | ||||||||||||
| Defined benefit pension plan | 66,617 | 24,137 | ||||||||||||
| Other assets, net | 48,617 | 48,489 | ||||||||||||
| Total assets | $ | 3,376,678 | $ | 3,355,481 | ||||||||||
| Liabilities and shareholders' equity | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Commissions payable | $ | 440,465 | $ | 425,320 | ||||||||||
| Agent incentive compensation | 58,393 | 132,560 | ||||||||||||
| Accounts payable and accrued liabilities | 229,421 | 200,701 | ||||||||||||
| Dividends payable | 68,109 | 68,109 | ||||||||||||
| Contract liability | 47,432 | 47,561 | ||||||||||||
| Deferred executive compensation | 6,466 | 9,400 | ||||||||||||
| Securities lending payable | 49,621 | 61,936 | ||||||||||||
| Total current liabilities | 899,907 | 945,587 | ||||||||||||
| Defined benefit pension plan | 34,023 | 33,410 | ||||||||||||
| Contract liability | 22,936 | 23,274 | ||||||||||||
| Deferred executive compensation | 24,023 | 22,050 | ||||||||||||
| Deferred income taxes, net | 19,982 | 24,788 | ||||||||||||
| Other long-term liabilities | 22,286 | 22,998 | ||||||||||||
| Total liabilities | 1,023,157 | 1,072,107 | ||||||||||||
| Shareholders’ equity | 2,353,521 | 2,283,374 | ||||||||||||
| Total liabilities and shareholders’ equity | $ | 3,376,678 | $ | 3,355,481 | ||||||||||