Erie Indemnity Company

Good morning and welcome to the Erie Indemnity Company fourth quarter and year-end 2025 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 Relation, Scott Beilharz.

Thank you and welcome everyone. We appreciate you joining us for this recorded discussion about our fourth quarter 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. 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 10k filing with the sec filed yesterday and in the related press release this pre-recorded 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'll move on to Tim Jamarks. Tim?

Thanks, Scott, and good morning, everyone. Now that 2025, our 100th year in business, is behind us, I wanted to take a minute to reflect on that full year before we walk through our fourth quarter and year in financial results. When we entered 2025, we were celebrating a remarkable milestone, a century of service. At the same time, we were navigating one of the more challenging underwriting environments in our history, shaped by the elevated weather activity, higher claim severity, and competitive market dynamics. Throughout the year, our focus remained consistent, restoring sustainable profitability to the exchange, maintaining our financial strength, and positioning the company for long-term growth without compromising the service that defines Erie. The first half of the year brought continued weather volatility and economic pressure. including the costliest weather event in our history. As the year progressed, we saw clear evidence that the rate actions implemented over the past several years were taking hold and that our disciplined focus on profitability and financial strength was making a measurable difference. So while we still have a challenging landscape in front of us, I'm confident that our consistent long-term strategy, one that has sustained us for 100 years, positions us well for a strong year ahead. With that, I'll turn it over to our Chief Financial Officer and my good friend, Julie Pelkowski, to share more details on our fourth quarter and the full year results.