| Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||||||
| (Unaudited) | (Unaudited) | |||||||||||||||||||||||||
| Operating revenue | ||||||||||||||||||||||||||
| Management fee revenue - policy issuance and renewal services | $ | 825,275 | $ | 769,162 | $ | 2,404,177 | $ | 2,195,734 | ||||||||||||||||||
| Management fee revenue - administrative services | 18,831 | 17,154 | 54,772 | 51,139 | ||||||||||||||||||||||
| Administrative services reimbursement revenue | 215,694 | 206,754 | 638,611 | 604,349 | ||||||||||||||||||||||
| Service agreement revenue | 6,939 | 6,816 | 18,675 | 19,803 | ||||||||||||||||||||||
| Total operating revenue | 1,066,739 | 999,886 | 3,116,235 | 2,871,025 | ||||||||||||||||||||||
| Operating expenses | ||||||||||||||||||||||||||
| Cost of operations - policy issuance and renewal services | 642,124 | 613,007 | 1,918,154 | 1,757,531 | ||||||||||||||||||||||
| Cost of operations - administrative services | 215,694 | 206,754 | 638,611 | 604,349 | ||||||||||||||||||||||
| Total operating expenses | 857,818 | 819,761 | 2,556,765 | 2,361,880 | ||||||||||||||||||||||
| Operating income | 208,921 | 180,125 | 559,470 | 509,145 | ||||||||||||||||||||||
| Investment income | ||||||||||||||||||||||||||
| Net investment income | 21,033 | 17,322 | 61,011 | 49,235 | ||||||||||||||||||||||
| Net realized and unrealized investment gains | 1,331 | 2,925 | 2,312 | 2,983 | ||||||||||||||||||||||
| Net impairment losses recognized in earnings | (810) | (698) | (2,633) | (3,763) | ||||||||||||||||||||||
| Total investment income | 21,554 | 19,549 | 60,690 | 48,455 | ||||||||||||||||||||||
| Other income | 2,286 | 1,168 | 8,094 | 7,871 | ||||||||||||||||||||||
| Income before income taxes | 232,761 | 200,842 | 628,254 | 565,471 | ||||||||||||||||||||||
| Income tax expense | 49,908 | 41,012 | 132,299 | 117,186 | ||||||||||||||||||||||
| Net income | $ | 182,853 | $ | 159,830 | $ | 495,955 | $ | 448,285 | ||||||||||||||||||
| Net income per share | ||||||||||||||||||||||||||
| Class A common stock – basic | $ | 3.93 | $ | 3.43 | $ | 10.65 | $ | 9.63 | ||||||||||||||||||
| Class A common stock – diluted | $ | 3.50 | $ | 3.06 | $ | 9.48 | $ | 8.57 | ||||||||||||||||||
| Class B common stock – basic and diluted | $ | 589 | $ | 515 | $ | 1,597 | $ | 1,444 | ||||||||||||||||||
| Weighted average shares outstanding – Basic | ||||||||||||||||||||||||||
| Class A common stock | 46,189,068 | 46,189,059 | 46,189,012 | 46,189,038 | ||||||||||||||||||||||
| Class B common stock | 2,542 | 2,542 | 2,542 | 2,542 | ||||||||||||||||||||||
| Weighted average shares outstanding – Diluted | ||||||||||||||||||||||||||
| Class A common stock | 52,305,599 | 52,306,514 | 52,304,797 | 52,301,001 | ||||||||||||||||||||||
| Class B common stock | 2,542 | 2,542 | 2,542 | 2,542 | ||||||||||||||||||||||
| Dividends declared per share | ||||||||||||||||||||||||||
| Class A common stock | $ | 1.365 | $ | 1.275 | $ | 4.095 | $ | 3.825 | ||||||||||||||||||
| Class B common stock | $ | 204.75 | $ | 191.25 | $ | 614.25 | $ | 573.75 | ||||||||||||||||||
| September 30, 2025 | December 31, 2024 | |||||||||||||
| (Unaudited) | ||||||||||||||
| Assets | ||||||||||||||
| Current assets: | ||||||||||||||
Cash and cash equivalents (includes restricted cash of $28,000 and $23,559, respectively) | $ | 568,551 | $ | 298,397 | ||||||||||
| Available-for-sale securities | 59,833 | 44,604 | ||||||||||||
| Available-for-sale securities lent | 4,318 | 0 | ||||||||||||
| Receivables from Erie Insurance Exchange and affiliates, net | 780,473 | 707,060 | ||||||||||||
| Prepaid expenses and other current assets, net | 73,779 | 83,902 | ||||||||||||
| Accrued investment income | 10,937 | 11,069 | ||||||||||||
| Total current assets | 1,497,891 | 1,145,032 | ||||||||||||
| Available-for-sale securities, net | 970,160 | 991,726 | ||||||||||||
| Equity securities | 54,378 | 85,891 | ||||||||||||
| Available-for-sale and equity securities lent | 51,836 | 7,285 | ||||||||||||
| Fixed assets, net | 557,607 | 513,494 | ||||||||||||
| Agent loans, net | 94,740 | 80,597 | ||||||||||||
| Defined benefit pension plan | 51,819 | 21,311 | ||||||||||||
| Other assets, net | 45,897 | 43,278 | ||||||||||||
| Total assets | $ | 3,324,328 | $ | 2,888,614 | ||||||||||
| Liabilities and shareholders' equity | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Commissions payable | $ | 425,310 | $ | 408,309 | ||||||||||
| Agent incentive compensation | 99,717 | 75,458 | ||||||||||||
| Accounts payable and accrued liabilities | 199,995 | 190,028 | ||||||||||||
| Dividends payable | 63,569 | 63,569 | ||||||||||||
| Contract liability | 47,949 | 42,761 | ||||||||||||
| Deferred executive compensation | 6,700 | 14,874 | ||||||||||||
| Securities lending payable | 54,325 | 7,513 | ||||||||||||
| Total current liabilities | 897,565 | 802,512 | ||||||||||||
| Defined benefit pension plan | 31,065 | 28,070 | ||||||||||||
| Contract liability | 23,361 | 21,170 | ||||||||||||
| Deferred executive compensation | 20,798 | 19,721 | ||||||||||||
| Deferred income taxes, net | 19,776 | 6,418 | ||||||||||||
| Other long-term liabilities | 22,885 | 23,465 | ||||||||||||
| Total liabilities | 1,015,450 | 901,356 | ||||||||||||
| Shareholders’ equity | 2,308,878 | 1,987,258 | ||||||||||||
| Total liabilities and shareholders’ equity | $ | 3,324,328 | $ | 2,888,614 | ||||||||||