Erie Indemnity Company

Good morning and welcome to the Area Indemnity Company Third Quarter 2024 Earnings Conference Call. This call was prerecorded and there will be no question and answer session following the recording. Now I'd like to introduce your host for the call, Vice President of Investor Relations, Scott Bajars.

Thank you and welcome everyone. We appreciate you joining us for this recorded discussion about our third quarter results. This recording will include remarks from Tim DeCastro, President and Chief Executive Officer, and Julie Kokowski, Executive Vice President and Chief Financial Officer. Our earnings release and financial supplement were issued yesterday afternoon after the market closed and are available within the Investor Relations section of our website, yourinsurance.com. Before we begin, I would like to remind everyone that today's discussion may contain forward-looking remarks that reflect the company's current views about future events. These remarks are based on assumptions subject to known and unexpected risks and uncertainties. These risks and uncertainties may cause results to differ materially from those described in these remarks. For information on important factors that may cause such differences, please see the Safe Harbor Statements in our Form 10 key filing with the SEC, filed yesterday, and in a related press release. This prerecorded call is the property of your indemnity company. It may not be reproduced or rebroadcast by any other party without the prior written consent of your indemnity company. With that, we will move on to Tim's remarks. Tim?

Thanks, Scott. And thanks to all of you for listening in to learn more about Erie's performance in the third quarter of 2024. The storms have been ravaging parts of our country, and all those impacted by these disasters have certainly been on our minds in recent weeks. The aftermath of Hurricane Helene, in particular, has been devastating in areas of our footprint. Our claims teams and agents in the impacted areas and additional employees deployed to assist have been facing incredibly difficult circumstances. Many of them are experiencing losses themselves while providing much needed service to our policyholders. The lives lost, the homes and businesses destroyed, and the devastation in those communities is hard to comprehend. Let's please keep them in our thoughts and prayers as they navigate this challenging and heartbreaking situation, and please support the relief efforts in any way you can. Our generous Erie employees have been donating to hurricane relief causes bolstered by Erie's Matching Gifts program. A typical 100% match on charitable giving was doubled for donations to the Lean Relief Funds for the American Red Cross, World Kitchen, and Team Rubicon. I'm pleased to share that so far, more than $60,000 has been donated by Erie employees and matched by Erie. Early in September, Erie made a $250,000 charitable contribution to the American Red Cross Disaster Responder Program, and we're working on additional donations to other local rescue causes in affected portions of our territory. We believe it's always important to do the right thing and give how you can, but especially when our people and our communities need it the most. Turning to our financials now, Helene and other weather-related activity over the past quarter have had a negative impact on the combined ratio for Erie Insurance Exchange. But Erie Indemnity Company continues its strong performance thanks to continued growth in new business and solid retention. This growth was represented recently with Erie's addition to the S&P 500 Index for the first time in September. Here to provide some additional context around our third quarter results is Chief Financial Officer Julie Pelkowski. Julie?