Every material Form 8-K Erie Indemnity has filed with the SEC since February 26, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Erie Indemnity CEO Timothy G. NeCastro retired on November 2, 2026, earlier than the previously announced December 31, 2026 date, citing personal reasons. Brian W. Bolash, the company's Executive Vice President, was appointed Interim President and CEO effective November 3, 2026, while the board's Nominating and Governance Committee continues its search for a permanent CEO.
Timothy G. NeCastro retired as President and CEO on November 2, 2026, accelerated from December 31, 2026 for personal reasons.
Brian W. Bolash, age 61, named Interim President and CEO effective November 3, 2026.
Bolash has been Executive Vice President since January 2022 and Secretary and General Counsel since October 2019.
No immediate compensation changes were reported; the board is still searching for a next President and CEO.
Erie Indemnity reported third quarter 2026 net income of $182.0 million, or $3.48 per diluted share, compared with $182.9 million, or $3.50 per diluted share, in the third quarter of 2025. For the first nine months of 2026, net income rose to $512.8 million, or $9.80 per diluted share, from $496.0 million, or $9.48 per diluted share, a year earlier.
Q3 2026 total operating revenue was $1,069.9 million, up from $1,066.7 million in Q3 2025.
Q3 2026 income before income taxes was $232.8 million, essentially unchanged from $232.8 million in Q3 2025.
Nine-month 2026 net income was $512.8 million, or $9.80 per diluted share, versus $496.0 million, or $9.48 per diluted share, in the first nine months of 2025.
Class A dividend declared was $1.4625 per share for Q3 2026, up from $1.365 per share in Q3 2025.
Erie Indemnity reported second-quarter 2026 net income of $180.3 million, or $3.45 per diluted share, up from $174.7 million, or $3.34 per diluted share, a year earlier. Operating income before taxes rose $5.0 million, or 2.5 percent, and first-half net income also increased. The board also approved a quarterly Class A dividend of $1.4625 per share, payable October 20, 2026, compared with $1.365 per share declared in the second quarter of 2025.
Q2 2026 net income was $180.3 million, or $3.45 per diluted share, versus $174.7 million, or $3.34, in Q2 2025.
First-half 2026 net income was $330.8 million, or $6.32 per diluted share, versus $313.1 million, or $5.99, in the first half of 2025.
Operating income before taxes rose 2.5 percent in Q2 2026, with management fee revenue for policy issuance and renewal services up $39.0 million, or 4.7 percent.
Dividend No. 385 of $1.4625 per Class A share has a record date of October 5, 2026 and a payable date of October 20, 2026.
Erie Indemnity announced that Executive Vice President and Chief Financial Officer Julie M. Pelkowski will retire at the end of 2026. The filing states there was no disagreement or dispute behind her decision, and it does not name a successor or report any financial results.
Julie M. Pelkowski will retire as EVP and Chief Financial Officer at the end of 2026.
Pelkowski has worked at the company for more than 25 years and has been CFO since 2023.
The filing states no disagreement or dispute led to her retirement decision.
Erie Indemnity reported first-quarter 2026 net income of $150.5 million, or $2.88 per diluted share, up from $138.4 million, or $2.65, a year earlier. Operating income before taxes rose $15.4 million, or 10.2 percent. The board also declared a quarterly Class A dividend of $1.4625 per share and named Jonathan Hirt Hagen Chairman, succeeding Thomas B. Hagen, who had served as Chairman since 2007.
Q1 2026 net income $150.5 million vs. $138.4 million in Q1 2025
Diluted EPS $2.88 vs. $2.65; operating income $166.8 million vs. $151.4 million
Quarterly Class A dividend of $1.4625 per share, record and ex-dividend date July 7, 2026, payable July 21, 2026
Jonathan Hirt Hagen elected Chairman; Thomas B. Hagen named Chairman Emeritus
Erie Indemnity reported fourth-quarter 2025 net income of $63.4 million, or $1.21 per diluted share, down from $152.0 million, or $2.91, a year earlier. Full-year 2025 net income was $559.3 million, or $10.69 per diluted share, versus $600.3 million, or $11.48, in 2024. Total operating revenue rose in both periods, but the company's $100 million charitable contribution to the Erie Insurance Foundation reduced net income by $80.6 million after tax, or $1.54 per diluted share.
Q4 2025 net income $63.4 million, or $1.21 per diluted share, versus $152.0 million, or $2.91, in Q4 2024
Full-year 2025 net income $559.3 million, or $10.69 per diluted share, versus $600.3 million, or $11.48, in 2024
Total operating revenue $951.0 million in Q4 2025 versus $924.1 million in Q4 2024
Board approved dividend No. 383 of $1.4625 per Class A share, payable April 21, 2026 to holders of record April 7, 2026
Erie Indemnity said President and CEO Timothy G. NeCastro will retire on December 31, 2026, ending a 30-year career at the company, including his tenure as CEO since 2016. The board will begin a search for a successor immediately, and NeCastro will remain in his role through the end of 2026 to support continuity.
NeCastro retires as president and CEO on December 31, 2026, after serving as CEO since 2016
He has been with the company for 30 years, including roles in internal audit, finance, product and policy services, and regional field operations
The board has begun a search for a new president and CEO
NeCastro will continue as president of the Erie Insurance Foundation after retiring as CEO
Erie Indemnity reported third-quarter 2025 net income of $182.9 million, or $3.50 per diluted share, up from $159.8 million, or $3.06 per diluted share, a year earlier. Operating income before taxes rose 16.0 percent, with management fee revenue for policy issuance and renewal services up $56.1 million, partly offset by higher commissions. The company also disclosed revised codes of conduct and ethics for senior financial officers, approved October 28, 2025 and effective November 2025.
Q3 2025 net income was $182.9 million, or $3.50 per diluted share, versus $159.8 million, or $3.06, in Q3 2024
Nine-month 2025 net income was $496.0 million, or $9.48 per diluted share, versus $448.3 million, or $8.57, in the same period of 2024
Management fee revenue for policy issuance and renewal services rose $56.1 million, or 7.3 percent, in Q3 2025
Board approved revised Code of Conduct and Code of Ethics for CEO and Senior Financial Officers on October 28, 2025; both effective November 2025
Erie Indemnity reported second-quarter 2025 net income of $174.7 million, or $3.34 per diluted share, up from $163.9 million, or $3.13, a year earlier. Total operating revenue rose to $1.06 billion from $990.4 million, and the board declared a quarterly Class A dividend of $1.365 per share, payable October 21, 2025.
Q2 2025 total operating revenue was $1.06 billion, compared with $990.4 million in Q2 2024
Six-month 2025 net income was $313.1 million, or $5.99 per diluted share, compared with $288.5 million, or $5.52, in 2024
Board declared Dividend Number 381 of $1.365 per Class A share, with record and ex-dividend dates of October 6, 2025 and payment on October 21, 2025
Erie Indemnity reported first-quarter 2025 net income of $138.4 million, or $2.65 per diluted share, up from $124.6 million, or $2.38 per diluted share, a year earlier. The board also declared a quarterly Class A dividend of $1.365 per share, compared with $1.275 a year earlier, payable July 22, 2025.
Net income was $138.4 million versus $124.6 million in Q1 2024; diluted EPS was $2.65 versus $2.38.
Management fee revenue from policy issuance and renewal services increased $89.4 million, or 13.4 percent.
Commissions rose $61.1 million and non-commission expense rose $16.3 million, partly offsetting revenue gains.
Dividend of $1.365 per Class A share has a July 8, 2025 record date and a July 22, 2025 payable date.
Erie Indemnity reported fourth-quarter 2024 net income of $152.0 million, or $2.91 per diluted share, up from $110.9 million, or $2.12, a year earlier. Full-year 2024 net income rose to $600.3 million, or $11.48 per diluted share, from $446.1 million, or $8.53, in 2023. The board also declared a quarterly Class A dividend of $1.365 per share, payable April 22, 2025.
Q4 2024 net income $152.0 million, or $2.91 per diluted share, versus $110.9 million, or $2.12, in Q4 2023
Full-year 2024 net income $600.3 million, or $11.48 per diluted share, versus $446.1 million, or $8.53, in 2023
Quarterly Class A dividend of $1.365 per share (Dividend No. 379), record and ex-dividend date April 7, 2025, payable April 22, 2025
Pre-recorded webcast on the results scheduled for 10:00 a.m. ET on February 28, 2025
Erie Indemnity Company said on December 17, 2024 that Cody Cook will become Executive Vice President, Claims, and Sarah Shine will become Executive Vice President, Experience and Customer Service, both effective January 1, 2025. Both are long-time insiders who have held senior roles at the company, and the filing says neither has a new compensation plan tied to the appointments.
Cody Cook, 43, joined in 2003 as an actuary and most recently served as Senior Vice President, Claims
Sarah Shine, 46, joined in 2000 as an actuarial analyst and most recently served as Senior Vice President, Experience and Customer Service
Both appointments take effect January 1, 2025
Filing states neither appointee is party to a new plan, contract or arrangement tied to the appointment
Erie Indemnity entered into a First Amendment on November 1, 2024 to its October 2021 credit agreement with PNC Bank, which provides up to $100 million in revolving credit. The amendment extends the facility to November 1, 2029, raises the permitted guarantee limit from $50 million to $100 million, and raises the judgment default threshold from $50 million to $100 million. The filing does not report any drawn amount, and the changes affect the terms under which the company can borrow.
Revolving credit facility of up to $100 million, including up to $25 million for letters of credit, with PNC Bank as administrative agent
Facility term extended to November 1, 2029
Permitted guarantees increased from $50 million to $100 million; judgment default threshold raised from $50 million to $100 million
Based on current leverage, pricing is SOFR plus a 0.5% margin or the Base Rate, with a 0.08% quarterly commitment fee on unused amounts
Erie Indemnity reported third-quarter 2024 net income of $159.8 million, or $3.06 per diluted share, up from $131.0 million, or $2.51, a year earlier. Total operating revenue rose to $999.9 million from $858.9 million, and nine-month net income reached $448.3 million, or $8.57 per diluted share, compared with $335.1 million, or $6.41, in the same period of 2023. The results show higher profit on both a quarterly and year-to-date basis.
Q3 2024 net income was $159.8 million, or $3.06 per diluted share, versus $131.0 million, or $2.51, in Q3 2023.
Q3 2024 operating income before taxes rose $31.7 million, or 21.3 percent, year over year.
Management fee revenue from policy issuance and renewal services increased $120.1 million, or 18.5 percent, in Q3 2024.
The company will hold a pre-recorded audio webcast at 10:00 a.m. ET on November 1, 2024.
Erie Indemnity reported second-quarter 2024 net income of $163.9 million, or $3.13 per diluted share, up from $117.9 million, or $2.25 per share, a year earlier. The board also declared a quarterly dividend of $1.275 per Class A share, payable October 22, 2024, which is higher than the $1.19 declared in the second quarter of 2023.
Q2 2024 net income $163.9 million vs. $117.9 million in Q2 2023; diluted EPS $3.13 vs. $2.25
Q2 2024 operating income $190.2 million, up 41.8% from $134.2 million, driven by policy issuance and renewal management fee revenue up $127.5 million
First-half 2024 net income $288.5 million, or $5.52 per diluted share, vs. $204.1 million, or $3.90, in first half 2023
Dividend No. 377: $1.275 per Class A share; record and ex-dividend date October 7, 2024; payable October 22, 2024
Erie Indemnity reported first quarter 2024 net income of $124.6 million, or $2.38 per diluted share, up from $86.2 million, or $1.65 per diluted share, a year earlier. The board also declared a quarterly Class A dividend of $1.275 per share, up from $1.190 a year earlier, payable July 23, 2024.
Q1 2024 total operating revenue was $880.7 million, up from $752.5 million in Q1 2023.
Operating income before taxes rose $28.3 million, or 25.6 percent, to $138.8 million.
Board declared dividend number 376 of $1.275 per Class A share; record date July 9, 2024 and payable date July 23, 2024.
Shareholders re-elected all 11 directors and approved two compensation plan amendments at the April 23, 2024 annual meeting.
Erie Indemnity reported fourth-quarter 2023 net income of $110.9 million, or $2.12 per diluted share, up from $65.5 million, or $1.25, a year earlier. Full-year 2023 net income was $446.1 million, or $8.53 per diluted share, compared with $298.6 million, or $5.71, in 2022. The board also approved a quarterly Class A dividend of $1.275 per share, up from $1.190 a year earlier.
Q4 2023 total operating revenue was $817.7 million, up from $700.6 million in Q4 2022
Q4 2023 operating income rose 56.1% to $127.1 million, per the filing's highlights
Board approved Class A dividend of $1.275 per share, with a record date of April 9, 2024 and payable date of April 23, 2024
Results will be discussed in a pre-recorded webcast on February 27, 2024 at 10:00 a.m. ET
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