Erie Indemnity Company

Good morning and welcome to the Erie Indemnity Company fourth quarter and year-end 2024 earnings conference call. This call was pre-recorded 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 Beilhars.

Thank you and welcome everyone. We appreciate you joining us for this recorded discussion about our fourth quarter and year-end results. This recording will include remarks from Tim DeCastro, President and Chief Executive Officer, and Julie Palkowski, 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, ErieInsurance.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-K filing with the SEC filed yesterday and in the related press release. This pre-recorded call is the property of the Erie 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 move on to Tim Marks. Tim?

Thanks, Scott. And thanks to all of you for your interest in Erie's fourth quarter and year-end results for 2024. 2025 is an exciting year at Erie Insurance as we celebrate our centennial. H.O. Hertz and O.G. Crawford opened the doors of Erie Insurance Exchange on April 20, 1925. after selling $31,000 of stock in Erie Indemnity Company as the managing attorney in fact. Within the first year, HO and OG brought in just under $50,000 in premiums from nearly 1,400 policyholders and established a surplus of almost $37,000. It's amazing to think that today, Erie Insurance Exchange has amassed close to $12 billion in premium, more than 7 million policies in force, and just over $9 billion in policyholder surplus, and Erie Indemnity just experienced net income of $600 million in 2024. This growth and success are no doubt testaments to the value proposition we offer delivered by our dedicated employees and our agents. Today, we face challenges and changes that are quite different from those of our founders, but we are adapting and responding in a way that aligns with our founding principles, which guide us to put people in service above all else. I'll share some examples of recent strides we've made to adapt to some of those changes in a few minutes. But first, I'd like to introduce Chief Financial Officer Julie Pelkowski, who will provide an overview of our financial results. Julie?