ERIE — what changed in the latest 10-Q
A section-by-section comparison of ERIE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-30 vs the prior 10-Q · 2026-04-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −21 | ~25 | 53 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | Text added/removed | +2 | −2 | ~2 | 11 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-30
Total investment income increased $3.0 million in the second quarter of 2026 and $5.5 million for the six months ended June 30, 2026, compared to the same periods in 2025. The results from both periods were primarily due to an increase in net investment income. The increase for the six months ended …
(1)A constraining estimate of variable consideration exists related to the potential for management fees to be returned if a policy were to be cancelled mid-term. See Part I, Item 1. "Financial Statements - Note 3, Revenue, of Notes to Consolidated Financial Statements" contained within this report.
Premiums generated from new business increased 9.8% to $395 million in the second quarter of 2026 compared to the same period in 2025, primarily driven by increased premiums written in the personal auto and homeowners lines. Contributing to this change was a 13.9% increase in new business policies w…
The management fee revenue allocated for providing policy issuance and renewal services was 24.41% of the direct and affiliated assumed premiums written by the Exchange for the three and six month periods ended June 30, 2026 and 24.37% for the same periods in 2025. This portion of the management fee…
(1)2025 amounts have been recast to conform to the current presentation. See Part I, Item 1. "Financial Statements - Note 4, Segment Information, of Notes to Consolidated Financial Statements" contained within this report for additional information on the revised expense categories.
Text removed vs the prior filing · source: 10-Q · 2026-04-23
Total investment income increased $2.6 million in the first quarter of 2026 compared to the same period in 2025, primarily due to an increase in net investment income, partially offset by an increase in realized and unrealized investment losses.
Management fee revenue - policy issuance and renewal services$786,399 $755,049 4.2 %
Management fee revenue - administrative services19,475 17,645 10.4
(1)A constraining estimate of variable consideration exists related to the potential for management fees to be returned if a policy were to be cancelled mid-term. Management fees are returned to the Exchange when policies are cancelled mid-term and unearned premiums are refunded.
Premiums generated from new business decreased 9.5% to $345 million in the first quarter of 2026 compared to the same period in 2025, primarily driven by decreased premiums written in the commercial multi-peril and personal auto lines. Contributing to this change was a 10.4% decrease in new business…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-07-30
A Notice of Removal to the United States District Court for the Western District of Pennsylvania was filed on January 27, 2022. By Memorandum Opinion and Order dated September 28, 2022, the Court granted the Motion for Remand and directed the case be remanded to the Court of Common Pleas of Alleghen…
On June 11, 2026, an Amended Complaint was filed in the Court of Common Pleas of Allegheny County. The Amended Complaint added two additional plaintiffs, Rosemarie Perrotta and Rachel Stewart. In addition, the Amended Complaint seeks to challenge the amount of the management fee for additional years…
Text removed vs the prior filing · source: 10-Q · 2026-04-23
A Notice of Removal to the United States District Court for the Western District of Pennsylvania was filed on January 27, 2022. Indemnity intends to vigorously defend against all of the allegations and requests for relief in the complaint.
By Memorandum Opinion and Order dated September 28, 2022, the Court granted the Motion for Remand and directed the case be remanded to the Court of Common Pleas of Allegheny County, Pennsylvania. On September 30, 2022, Indemnity filed a Motion to Stay the Remand Order pending an appeal to the United…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice