1. Key Financial Highlights

• Common Stock and Share Structure:
  
  As of February 17, 2026, Erie Indemnity has 46,189,068 shares of Class A common stock and 2,542 shares of Class B common stock outstanding. The Class A common stock trades under the symbol ERIE on NASDAQ. The stated value per share is \$0.0292.
• Market Position:
  
  The company is a well-known seasoned issuer, affirming its established presence in the market. Erie Indemnity is not a shell company and is classified as a large accelerated filer.
• Regulatory Compliance:
  
  Erie Indemnity has filed all required reports with the SEC in the past 12 months and has also submitted all required Interactive Data Files as per Regulation S-T.
• Internal Controls:
  
  The company’s management assessment of the effectiveness of its internal control over financial reporting has been attested by a registered public accounting firm under Section 404(b) of the Sarbanes-Oxley Act. This showcases strong governance and financial reporting integrity.
• Restatements and Error Correction:
  
  No corrections to previously issued financial statements or related executive compensation recovery analyses were reported in this filing.

2. Shareholder and Market-Sensitive Information

• Dividends:
  
  The minimum common stock dividend percentage multiplier is 0.67, indicating the company’s ongoing commitment to shareholder returns.
• Share Repurchase Program:
  
  The company maintains an active share repurchase program (notably the 1999 program), which may impact the available float and support the stock price.
• Schedule 14C Reference:
  
  Part III of the Form 10-K (covering items such as Directors, Executive Compensation, and Corporate Governance) will be incorporated by reference from the company’s upcoming Schedule 14C filing, to be submitted no later than 120 days after December 31, 2025. Investors should monitor for this filing, as it may provide further governance and compensation insights.
• Financial Instruments and Fair Value Disclosure:
  
  The report provides extensive fair value disclosures on debt and equity securities, including their classification by fair value hierarchy and industry sector. This indicates transparency in investment holdings and risk management.

3. Governance, Compliance, and Risk Factors

• Internal Control Assurance:
  
  The company’s auditor has provided an attestation regarding the effectiveness of internal controls, which reduces the risk of financial misstatements and increases investor confidence.
• Risk Factors and Management Discussion:
  
  The report includes detailed sections on risk factors and management’s discussion and analysis of financial condition and results of operations. While the text above doesn’t include the full narrative, investors are encouraged to review these sections in the full filing for any emerging risks or strategic shifts.

4. Additional Details for Investors

• Trading and Exchange Information:
  
  Erie Indemnity’s Class A common stock is traded on the NASDAQ Stock Market, LLC under the ticker ERIE.
• Legal and Regulatory Disclosures:
  
  The company is compliant with all SEC and Sarbanes-Oxley requirements for the period, and no legal or regulatory matters have been highlighted that would impact share value.
• Pending Disclosures:
  
  The company will provide further disclosures related to directors, corporate governance, executive compensation, and related party transactions in the forthcoming Schedule 14C. These details can be material to governance and compensation trends.

Conclusion and Potential Share Price Impact

Erie Indemnity’s 2025 Form 10-K signals a stable and compliant organization with a large public float, active share repurchase program, ongoing dividend payments, and strong internal control systems. No material weaknesses, restatements, or adverse regulatory findings have been disclosed. The company’s continued focus on governance, financial strength, and shareholder returns may be viewed positively by the market.

Investors should monitor the upcoming Schedule 14C for director and executive compensation details, as well as any further updates to the share repurchase program, which could influence future share price movements.

Disclaimer: This summary is provided for informational purposes only and does not constitute investment advice. Investors should read the full SEC filing and consult with a financial advisor before making investment decisions. The information herein is based on the company’s 2025 Form 10-K as filed with the SEC.

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