Exhibit 99.2
Erie Indemnity Company
Consolidated Statements of Operations
(dollars in thousands, except per share data)
Three months ended June 30,Six months ended June 30,
2026202520262025
(Unaudited)(Unaudited)
Operating revenue
Management fee revenue - policy issuance and renewal services$862,879 $823,853 $1,649,278 $1,578,902 
Management fee revenue - administrative services19,619 18,296 39,094 35,941 
Administrative services reimbursement revenue201,554 212,644 401,650 422,917 
Service agreement revenue5,744 5,304 11,685 11,736 
Total operating revenue1,089,796 1,060,097 2,101,707 2,049,496 
Operating expenses
Cost of operations - policy issuance and renewal services684,119 648,280 1,329,147 1,276,030 
Cost of operations - administrative services201,554 212,644 401,650 422,917 
Total operating expenses885,673 860,924 1,730,797 1,698,947 
Operating income204,123 199,173 370,910 350,549 
Investment income
Net investment income22,587 20,030 46,147 39,978 
Net realized and unrealized investment gains (losses)557 479 (208)981 
Net impairment losses recognized in earnings(591)(909)(1,267)(1,823)
Total investment income22,553 19,600 44,672 39,136 
Other income1,401 1,974 2,821 5,808 
Income before income taxes228,077 220,747 418,403 395,493 
Income tax expense47,783 46,062 87,635 82,391 
Net income$180,294 $174,685 $330,768 $313,102 
Net income per share
Class A common stock – basic$3.87 $3.75 $7.10 $6.72 
Class A common stock – diluted$3.45 $3.34 $6.32 $5.99 
Class B common stock – basic and diluted$581 $563 $1,065 $1,008 
Weighted average shares outstanding – Basic
Class A common stock46,189,033 46,189,063 46,188,942 46,188,984 
Class B common stock2,542 2,542 2,542 2,542 
Weighted average shares outstanding – Diluted
Class A common stock52,298,697 52,304,407 52,299,440 52,304,397 
Class B common stock2,542 2,542 2,542 2,542 
Dividends declared per share
Class A common stock$1.4625 $1.365 $2.925 $2.73 
Class B common stock$219.375 $204.75 $438.75 $409.50 
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Erie Indemnity Company
Consolidated Statements of Financial Position
(in thousands)
June 30,
2026
December 31, 2025
(Unaudited)
Assets
Current assets:
Cash and cash equivalents (includes restricted cash of $39,608 and $30,189, respectively)
$282,902 $345,874 
Available-for-sale securities61,715 33,902 
Available-for-sale securities lent1,973 3,436 
Receivables from Erie Insurance Exchange and affiliates, net753,245 735,589 
Prepaid expenses and other current assets, net92,533 66,061 
Accrued investment income14,194 14,311 
Total current assets1,206,562 1,199,173 
Available-for-sale securities, net1,327,084 1,286,566 
Equity securities150,516 70,624 
Available-for-sale and equity securities lent67,939 61,063 
Fixed assets, net593,365 571,476 
Agent loans, net100,680 93,953 
Defined benefit pension plan62,096 24,137 
Other assets, net48,774 48,489 
Total assets$3,557,016 $3,355,481 
Liabilities and shareholders' equity
Current liabilities:
Commissions payable$457,211 $425,320 
Agent incentive compensation116,570 132,560 
Accounts payable and accrued liabilities205,760 200,701 
Dividends payable68,109 68,109 
Contract liability48,457 47,561 
Deferred executive compensation9,154 9,400 
Securities lending payable63,157 61,936 
Total current liabilities968,418 945,587 
Defined benefit pension plan34,703 33,410 
Contract liability23,148 23,274 
Deferred executive compensation21,018 22,050 
Deferred income taxes, net19,085 24,788 
Other long-term liabilities23,538 22,998 
Total liabilities1,089,910 1,072,107 
Shareholders’ equity2,467,106 2,283,374 
Total liabilities and shareholders’ equity$3,557,016 $3,355,481 
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