AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Erie Indemnity's Q2 2026 total revenue rose 2.8% YoY to $1.09B as policy issuance management fee revenue grew 4.7% on higher premiums written by the Exchange, even as policies in force fell 2.0% YoY.
Biggest Revenue Drivers
Management fee revenue - policy issuance and renewal services$862.9M+4.7% YoY
Driven by a 3.3% increase in direct and affiliated assumed premiums written by the Exchange
Recognized over a four-year period as services are provided; tied to premium growth at the Exchange
Service agreement revenue$5.7M+8.3% YoY
Service charges for payment plans, late payment/reinstatement fees, and shared office space fees
Largest Expense Items
Cost of operations - policy issuance and renewal services$684.1M+5.5% YoY
Increased agent incentive compensation from improved profitability and higher scheduled commissions from premium growth, partly offset by lower professional fees
Cost of operations - administrative services$201.6M-5.2% YoY
Settled at cost with the Exchange; decrease driven by lower claims handling services costs
Income tax expense$47.8M+3.7% YoY
Effective tax rate of 21.0% versus 20.9% in the prior-year quarter
Margins: Operating income rose 2.5% YoY to $204.1M as commission expense grew 9.6% on higher agent incentive compensation tied to improved loss ratios and premium growth, while non-commission expense fell 4.8% on lower professional fees and underwriting support costs.
Watch Items from the Filing
Erie Indemnity's revenue is entirely dependent on management fees from Erie Insurance Exchange, its sole customer, whose premium growth and financial condition drive results.
An amended complaint filed June 11, 2026 in the Stephenson litigation now challenges the management fee for calendar years 2020 to present, with damages undetermined.
Year-over-year policies in force declined 2.0% in Q2 2026 even as average premium per policy rose 6.8%, indicating growth is being driven by rate rather than unit volume.
Company made a $47 million pension contribution in January 2026 and plans an additional discretionary $30 million contribution in Q3 2026 to improve funded status.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Officers, directors and 10% owners with a Form 4 filed in the last 24 months, most recent first. From SEC EDGAR.
Dugan SeanExecutive Vice PresidentOther acquisition or disposition · Oct 20, 2026
Necastro Timothy GPresident & CEOOther acquisition or disposition · Oct 20, 2026
Novacek Jorie LSVP, ControllerOther acquisition or disposition · Oct 20, 2026
Pelkowski Julie MarieEVP & CFOOther acquisition or disposition · Oct 20, 2026
Shine SarahExecutive Vice PresidentOther acquisition or disposition · Oct 20, 2026
Srinivasa ParthasarathyEVP, Chief Information OfficerOther acquisition or disposition · Oct 20, 2026
Bolash Brian W.EVP,Secretary,General CounselOther acquisition or disposition · Oct 20, 2026
Cipriani MarcSenior Vice PresidentOther acquisition or disposition · Oct 20, 2026
Cook CodyExecutive Vice PresidentOther acquisition or disposition · Oct 20, 2026
Palmer Thomas WDirectorOther acquisition or disposition · Oct 20, 2026
Congress trading in ERIE
4 transactions in ERIE reported by 2 members of Congress under the STOCK Act, most recent trade Mar 30, 2026. Reported transactions, not recommendations.
About ERIE INDEMNITY CO (ERIE): stock profile, AI score and financials
ERIE INDEMNITY CO (ERIE) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores ERIE at 69.7/100 on a composite quality score built from its SEC filings, placing it at rank #238 of 2,925 stocks — the top 10% of the AI-ranked universe. ERIE scores in the top quartile across balance sheet strength (94.6), revenue scale (75.1). Based on the latest XBRL financial filings (Q2 2026), ERIE INDEMNITY CO reports quarterly revenue of $1.1B, net income of $180.3M, an operating margin of 18.7%. Top institutional holders of ERIE by reported 13-F value include PNC FINANCIAL SERVICES GROUP, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. ERIE trades on the Nasdaq exchange and files with the SEC under CIK 922621. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ERIE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ERIE INDEMNITY CO directly from SEC EDGAR.