| Three months ended June 30, | Six months ended June 30, | |||||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||||||
| (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 services | 19,619 | 18,296 | 39,094 | 35,941 | ||||||||||||||||||||||
| Administrative services reimbursement revenue | 201,554 | 212,644 | 401,650 | 422,917 | ||||||||||||||||||||||
| Service agreement revenue | 5,744 | 5,304 | 11,685 | 11,736 | ||||||||||||||||||||||
| Total operating revenue | 1,089,796 | 1,060,097 | 2,101,707 | 2,049,496 | ||||||||||||||||||||||
| Operating expenses | ||||||||||||||||||||||||||
| Cost of operations - policy issuance and renewal services | 684,119 | 648,280 | 1,329,147 | 1,276,030 | ||||||||||||||||||||||
| Cost of operations - administrative services | 201,554 | 212,644 | 401,650 | 422,917 | ||||||||||||||||||||||
| Total operating expenses | 885,673 | 860,924 | 1,730,797 | 1,698,947 | ||||||||||||||||||||||
| Operating income | 204,123 | 199,173 | 370,910 | 350,549 | ||||||||||||||||||||||
| Investment income | ||||||||||||||||||||||||||
| Net investment income | 22,587 | 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 income | 22,553 | 19,600 | 44,672 | 39,136 | ||||||||||||||||||||||
| Other income | 1,401 | 1,974 | 2,821 | 5,808 | ||||||||||||||||||||||
| Income before income taxes | 228,077 | 220,747 | 418,403 | 395,493 | ||||||||||||||||||||||
| Income tax expense | 47,783 | 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 stock | 46,189,033 | 46,189,063 | 46,188,942 | 46,188,984 | ||||||||||||||||||||||
| Class B common stock | 2,542 | 2,542 | 2,542 | 2,542 | ||||||||||||||||||||||
| Weighted average shares outstanding – Diluted | ||||||||||||||||||||||||||
| Class A common stock | 52,298,697 | 52,304,407 | 52,299,440 | 52,304,397 | ||||||||||||||||||||||
| Class B common stock | 2,542 | 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 | ||||||||||||||||||
| 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 securities | 61,715 | 33,902 | ||||||||||||
| Available-for-sale securities lent | 1,973 | 3,436 | ||||||||||||
| Receivables from Erie Insurance Exchange and affiliates, net | 753,245 | 735,589 | ||||||||||||
| Prepaid expenses and other current assets, net | 92,533 | 66,061 | ||||||||||||
| Accrued investment income | 14,194 | 14,311 | ||||||||||||
| Total current assets | 1,206,562 | 1,199,173 | ||||||||||||
| Available-for-sale securities, net | 1,327,084 | 1,286,566 | ||||||||||||
| Equity securities | 150,516 | 70,624 | ||||||||||||
| Available-for-sale and equity securities lent | 67,939 | 61,063 | ||||||||||||
| Fixed assets, net | 593,365 | 571,476 | ||||||||||||
| Agent loans, net | 100,680 | 93,953 | ||||||||||||
| Defined benefit pension plan | 62,096 | 24,137 | ||||||||||||
| Other assets, net | 48,774 | 48,489 | ||||||||||||
| Total assets | $ | 3,557,016 | $ | 3,355,481 | ||||||||||
| Liabilities and shareholders' equity | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Commissions payable | $ | 457,211 | $ | 425,320 | ||||||||||
| Agent incentive compensation | 116,570 | 132,560 | ||||||||||||
| Accounts payable and accrued liabilities | 205,760 | 200,701 | ||||||||||||
| Dividends payable | 68,109 | 68,109 | ||||||||||||
| Contract liability | 48,457 | 47,561 | ||||||||||||
| Deferred executive compensation | 9,154 | 9,400 | ||||||||||||
| Securities lending payable | 63,157 | 61,936 | ||||||||||||
| Total current liabilities | 968,418 | 945,587 | ||||||||||||
| Defined benefit pension plan | 34,703 | 33,410 | ||||||||||||
| Contract liability | 23,148 | 23,274 | ||||||||||||
| Deferred executive compensation | 21,018 | 22,050 | ||||||||||||
| Deferred income taxes, net | 19,085 | 24,788 | ||||||||||||
| Other long-term liabilities | 23,538 | 22,998 | ||||||||||||
| Total liabilities | 1,089,910 | 1,072,107 | ||||||||||||
| Shareholders’ equity | 2,467,106 | 2,283,374 | ||||||||||||
| Total liabilities and shareholders’ equity | $ | 3,557,016 | $ | 3,355,481 | ||||||||||