Erie Indemnity(US:ERIE)2025-10-30 20:26Financial Performance - The company reported no material impacts on its portfolio during the nine months ended September 30, 2025, despite ongoing geopolitical risks and potential economic slowdown [170]. - The company has approximately $17.8 million of repurchase authority remaining under its stock repurchase program as of September 30, 2025 [192]. - The company has not made any repurchases of its outstanding Class A nonvoting common stock during the third quarter of 2025 [192]. Legal Matters - A total of 14 putative class action complaints were filed against the company following the information security incident, all of which have been voluntarily dismissed without prejudice [188]. - The company intends to vigorously defend against all allegations and requests for relief in ongoing legal proceedings related to fiduciary duty breaches [186]. - The company filed a Petition for Writ of Certiorari with the Supreme Court of the United States regarding federal jurisdiction, which was denied on February 26, 2024 [183]. Information Security - The company activated its incident response protocols following an information security event identified on June 7, 2025, and reported no evidence of sensitive data breaches [189]. - The company reported that it resumed full business operations after a thorough forensic investigation following the information security incident [189]. Risk Management - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures are effective as of the end of the reporting period [171]. - There have been no material changes to the risk factors previously disclosed in the company's Annual Report for the fiscal year ended December 31, 2024 [191].