--- schema_version: "secwatch.filing_event.v1" accession: "0000922621-23-000010" form_type: "8-K" ticker: "ERIE" cik: "0000922621" company_name: "ERIE INDEMNITY CO" filed_at: "2023-04-27T23:59:59+00:00" generated_at: "2026-06-16T10:57:15.959476+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Erie Indemnity Q1 net income up 26% to $86.2M; dividend raised to $1.19 ## Summary - Net income $86.2M ($1.65 diluted EPS) vs $68.6M ($1.31) in Q1 2022. - Operating income before tax rose 31.1% to $110.5M; management fee revenue up 14.4%. - Quarterly dividend on Class A common stock increased to $1.19 per share (from $1.11), payable July 20. - Shareholders re-elected all 11 directors; advisory vote favored 'every three years' for executive compensation. ## SEC filing metadata - accession: 0000922621-23-000010 - form_type: 8-K - ticker: ERIE - cik: 0000922621 - company_name: ERIE INDEMNITY CO - filed_at: 2023-04-27T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 2.02, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/922621/000092262123000010/0000922621-23-000010-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/922621/000092262123000010/erie-20230425.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000922621-23-000010 - JSON: https://secwatch.observer/filing/0000922621-23-000010.json - Plain text: https://secwatch.observer/filing/0000922621-23-000010.txt ## Key facts - Earnings Releases ERIE INDEMNITY CO reported the quarter ended March 31, 2023 results: net income $86.2 million, EPS $1.65 per diluted share. - Period: the quarter ended March 31, 2023 - Net income: $86.2 million - EPS: $1.65 per diluted share - Result: reported results source text: On April 27, 2023, Erie Indemnity Company (the “Company”) issued a press release announcing financial results for the quarter ended March 31, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/922621/000092262123000010/0000922621-23-000010-index.htm - Shareholder Votes ERIE INDEMNITY CO shareholders approved Select preferred frequency of future advisory votes on executive compensation at the 2023-04-25 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-04-25 source text: a majority (2,509) of the voted shares selected “every three years” as the preferred frequency of future advisory votes on executive compensation, with 20 votes selecting “every year,” 10 votes selecting “every two years” and no abstentions. evidence_url: https://www.sec.gov/Archives/edgar/data/922621/000092262123000010/0000922621-23-000010-index.htm - Shareholder Votes ERIE INDEMNITY CO shareholders approved Approve, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s 2023 Information Statement at the 2023-04-25 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-04-25 source text: In accordance with the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, shareholders were asked to (i) approve, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s 2023 Information Statement, and (ii) select “every year,” “every two years,” “every three years” or “abstain” as the preferred frequency of future advisory votes on executive compensation. The compensation of the named executive officers was unanimously approved by the 2,539 votes cast evidence_url: https://www.sec.gov/Archives/edgar/data/922621/000092262123000010/0000922621-23-000010-index.htm - Shareholder Votes ERIE INDEMNITY CO shareholders approved Adopt the Company’s Deferred Stock Plan for Outside Directors, as Amended and Restated at the 2023-04-25 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-04-25 source text: Shareholders were also asked to approve the adoption of the Company’s Deferred Stock Plan for Outside Directors, as Amended and Restated (the “Plan”). The adoption of the Plan was approved by a majority (2,529) of the votes cast, with 10 abstentions. evidence_url: https://www.sec.gov/Archives/edgar/data/922621/000092262123000010/0000922621-23-000010-index.htm - Shareholder Votes ERIE INDEMNITY CO shareholders approved Re-election of 11 incumbent directors at the 2023-04-25 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-04-25 source text: At the Annual Meeting, shareholders of the Company re-elected all 11 incumbent directors to serve on the Company's Board of Directors for a one-year term. The names of the elected directors and voting results appear below. None of the shareholders who voted for the election of Directors withheld authority or abstained. For J. Ralph Borneman, Jr. 2,539 Eugene C. Connell 2,539 Salvatore Correnti 2,539 LuAnn Datesh 2,539 Jonathan Hirt Hagen 2,539 Thomas B. Hagen 2,539 C. Scott Hartz 2,539 Brian A. Hudson, Sr. 2,539 George R. Lucore 2,539 Thomas W. Palmer 2,539 Elizabeth Hirt Vorsheck 2,539 evidence_url: https://www.sec.gov/Archives/edgar/data/922621/000092262123000010/0000922621-23-000010-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.