Erie Indemnity(US:ERIE)2022-10-26 16:00Market Risk and Financial Reporting - The company reported no material changes in its market risk exposure related to price and interest rate fluctuations during the nine months ended September 30, 2022[169]. - There have been no changes in the internal control over financial reporting that materially affected the company during the nine months ended September 30, 2022[171]. - 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[170]. - There have been no material changes from the risk factors previously disclosed in the Annual Report for the fiscal year ended December 31, 2021[188]. Stock Repurchase Program - The company has authorized stock repurchases totaling $150 million with no time limitation, continuing from prior authorizations[189]. - During the quarter ending September 30, 2022, the company purchased a total of 1,995 shares at an average price of $207.43 per share[190]. - The total dollar value of shares that may yet be purchased under the stock repurchase program is 17,754 shares[190]. Legal Proceedings - The company intends to vigorously defend against allegations in a legal complaint regarding breaches of fiduciary duty related to management fees[182]. - The company has filed a complaint in Federal Court to protect prior judgments related to compensation practices[183]. - The company is currently facing legal proceedings regarding alleged breaches of fiduciary duty, with potential damages to be determined at trial[175].