Financial Performance - Operating income decreased by 5.6% to $91.2 million in Q2 2020 compared to Q2 2019, and by 3.2% to $176.9 million for the six months ended June 30, 2020[137]. - Net income decreased by 6.6% to $82.0 million in Q2 2020, and by 13.3% to $141.3 million for the six months ended June 30, 2020[137]. - Total investment income increased by 19.7% to $11.6 million in Q2 2020 compared to Q2 2019, but decreased by 87.9% to $2.4 million for the six months ended June 30, 2020[137]. - Net investment income decreased by $0.7 million to $7.373 million in Q2 2020, and by $0.8 million to $15.742 million for the six months ended June 30, 2020, compared to the same periods in 2019[179]. - Total investment income increased by 19.7% to $11.553 million in Q2 2020, but decreased by 87.9% to $2.358 million for the six months ended June 30, 2020, compared to the same periods in 2019[179]. Revenue and Premiums - Management fee revenue for policy issuance and renewal services increased by 0.7% to $483.8 million in Q2 2020, and by 1.8% to $927.5 million for the six months ended June 30, 2020[139]. - Premiums generated from new business decreased by 18.6% to $190 million in Q2 2020, while renewal business premiums increased by 3.0% to $1.8 billion[157]. - Direct and affiliated assumed premiums written by the Exchange increased by 0.5% to $2.0 billion in Q2 2020, and by 1.9% to $3.9 billion for the six months ended June 30, 2020[147]. - Total commercial lines premiums written decreased by 0.1% to $579 million in Q2 2020 compared to Q2 2019, with a 1.2% increase in policies in force and a 3.3% increase in average premium per policy[159]. - Statutory direct written premiums grew by 1.9% to $3.9 billion for the six months ended June 30, 2020, compared to the same period in 2019[187]. Costs and Expenses - Cost of operations for policy issuance and renewal services increased by 2.2% to $413.9 million in Q2 2020, primarily due to higher agent incentives[140]. - Non-commission expenses increased by $3.6 million in Q2 2020, with information technology costs rising by $2.3 million due to remote work support[173]. - Claims handling services expenses increased by 3.3% to $131.474 million in Q2 2020 compared to $127.296 million in Q2 2019[175]. Impact of COVID-19 - The ongoing COVID-19 pandemic has created uncertainty in economic conditions, potentially affecting premium revenue and management fees[143]. - The ongoing COVID-19 pandemic may negatively impact the Exchange's premiums and management fees due to recessionary conditions and changes in consumer activity[161]. - The company incurred additional technology costs to support remote working conditions, which may continue to increase due to the pandemic[135]. Investment and Cash Flow - The carrying value of total investments increased to $963.173 million as of June 30, 2020, from $893.735 million at December 31, 2019[191]. - Net cash provided by operating activities was $127.3 million in the first six months of 2020, an increase of 11.6% compared to $114.4 million in the same period in 2019[201][204]. - Net cash used in investing activities was $115.4 million in the first six months of 2020, compared to net cash provided of $42.2 million in the same period in 2019[202][204]. - Net cash used in financing activities totaled $90.9 million in the first six months of 2020, with dividends paid to shareholders amounting to $89.9 million, a 7.2% increase from $83.8 million in 2019[203][204]. Shareholder Information - The company purchased 26,410 shares of Class A nonvoting common stock at a total cost of $4.6 million during the first six months of 2020[208]. - There were no repurchases of Class A nonvoting common stock under the stock repurchase program in the first six months of 2020[207]. - The company remains in compliance with bank covenants as of June 30, 2020[212].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___to___ Commission file number 0-24000 ERIE INDEMNITY COMPANY (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- | -- ...

Erie Indemnity Company (NASDAQ:ERIE) Q4 2019 Earnings Conference Call February 28, 2020 10:00 AM ET Company Participants Scott Beilharz – Vice President-Investor Relations, Tim NeCastro – President and Chief Executive Officer Greg Gutting – Executive Vice President and Chief Financial Officer Conference Call Participants Operator Good morning and welcome to the Erie Indemnity Company’s Fourth Quarter and Year-End 2019 Earnings Conference Call. This call was prerecorded and there will be no question-and-answ ...

Table of Contents (Title of each class) (Trading Symbol) (Name of each exchange on which registered) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-24000 ERIE INDEMNITY COMPANY (Exact name of registrant as specified in its char ...

Erie Indemnity Co (NASDAQ:ERIE) Q3 2019 Earnings Conference Call October 25, 2019 10:00 AM ET Company Participants Scott Beilharz - VP, Capital Management & IR Timothy NeCastro - President & CEO Gregory Gutting - EVP & CFO Conference Call Participants Operator Good morning, and welcome to the Erie Indemnity Company Third Quarter 2019 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session following the recording. Now I'd like to introduce your host for the call, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___to___ Commission file number 0-24000 ERIE INDEMNITY COMPANY (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- ...

Erie Indemnity Company (NASDAQ:ERIE) Q2 2019 Results Earnings Conference Call July 26, 2019 10:00 AM ET Company Participants Scott Beilharz - VP, Capital Management & IR Timothy NeCastro - President & CEO Gregory Gutting - EVP & CFO Conference Call Participants Operator Good morning, and welcome to the Erie Indemnity Company Second Quarter 2019 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session following the recording. Now I'd like to introduce your host fo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___to___ Commission file number 0-24000 ERIE INDEMNITY COMPANY (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- | --- ...

Erie Indemnity Co (NASDAQ:ERIE) Q1 2019 Earnings Conference Call May 3, 2019 10:00 AM ET Company Participants Scott Beilharz - VP, Capital Management & IR Timothy NeCastro - President & CEO Gregory Gutting - EVP & CFO Conference Call Participants Operator Good morning, and welcome to the Erie Indemnity Company First Quarter 2019 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session following the recording. Now I'd like to introduce your host for the call, Vice ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 Commission file number 0-24000 ERIE INDEMNITY COMPANY | --- | --- | |-----------------------------------------------------------------|----------------------------------| | (Exact name of registrant as specified \nPENNSYLVANIA | in its charter) \n25-0466020 | | (State or other ...