Erie Indemnity Q1 net income $150.5M ($2.88 EPS); dividend raised to $1.4625

Erie Indemnity Company Consolidated Statements of Operations (dollars in thousands, except per share data) Three months ended March 31, 2026 2025 (Unaudited) Operating revenue Management fee revenue - policy issuance and renewal services $ 786,399 $ 755,049 Management fee revenue - administrative services 19,475 17,645 Administrative services reimbursement revenue 200,096 210,273 Service agreement revenue 5,941 6,432 Total operating revenue 1,011,911 989,399 Operating expenses Cost of operations - policy issuance and renewal services 645,028 627,750 Cost of operations - administrative services 200,096 210,273 Total operating expenses 845,124 838,023 Operating income 166,787 151,376 Investment income Net investment income 23,560 19,948 Net realized and unrealized investment (losses) gains (765) 502 Net impairment losses recognized in earnings (676) (914) Total investment income 22,119 19,536 Other income 1,420 3,834 Income before income taxes 190,326 174,746 Income tax expense 39,852 36