ERIE

Erie Indemnity

Financials

Insurance Brokers

Erie, Pennsylvania

Balance Sheet 34 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets - CashAndCashEquivalents	$298.4M	$144.1M	$142.1M	$183.7M	$161.2M
Assets - AvailableForSaleSecurities,Current	$44.6M	$82.0M	$24.3M	$38.4M	$17.7M
Assets - AccountsReceivable	$707.1M	$625.3M	$524.9M	$479.1M	$494.6M
Assets - AccruedInvestmentIncome	$11.1M	$9.5M	$8.3M	$6.3M	$6.1M
Assets - PrepaidExpenses	$83.9M	$69.3M	$79.2M	$56.2M	$52.6M
Assets - CurrentAssets	$1.1B	$930.2M	$778.8M	$763.7M	$732.3M
Assets - AvailableForSaleSecurities,NonCurrent	$991.7M	$879.2M	$870.4M	$907.7M	$910.5M
Assets - EquitySecurities,FairValueThroughNetIncome	$85.9M	$84.3M	$72.6M	$87.7M	$94.1M
Assets - DebtSecurities,AvailableForSale	$1.0B	$961.2M	$894.7M	$946.1M	$928.2M
Assets - LoansReceivable	$80.6M	$58.4M	$60.5M	$58.7M	$62.4M
Assets - DeferredIncomeTaxAssets	$38.6M	$38.6M	$0	$145.0K	$12.3M
Assets - OtherNonCurrentAssets	$43.3M	$42.9M	$43.3M	$49.3M	$40.1M
Assets - TotalAssets	$2.9B	$2.5B	$2.2B	$2.2B	$2.1B
Liabilities - AccountsPayableAndAccruedLiabilities	$190.0M	$175.6M	$165.9M	$138.3M	$150.7M
Liabilities - DeferredCompensation,Current	$14.9M	$11.0M	$12.0M	$12.6M	$17.3M
Liabilities - AccruedSalesCommissions	$408.3M	$353.7M	$300.0M	$270.7M	$262.3M
Liabilities - ContractLiabilities	$42.8M	$41.2M	$36.5M	$34.9M	$36.9M
Liabilities - DividendsPayable	$63.6M	$59.4M	$55.4M	$51.7M	$48.2M
Liabilities - CurrentLiabilities	$802.5M	$709.0M	$665.1M	$630.9M	$627.7M
Liabilities - DeferredIncomeTaxLiabilities	$45.1M	$50.1M	$56.9M	$47.5M	$42.4M
Liabilities - DefinedBenefitPlanLiabilities	$28.1M	$26.3M	$51.2M	$130.4M	$164.3M
Liabilities - DeferredCompensation,NonCurrent	$34.6M	$31.9M	$25.8M	$27.2M	$32.2M
Liabilities - ContractLiabilities,NonCurrent	$21.2M	$19.9M	$17.9M	$17.7M	$18.9M
Liabilities - OtherNonCurrentLiabilities	$23.5M	$21.6M	$29.0M	$14.3M	$9.4M
Liabilities - TotalLiabilities	$901.4M	$809.1M	$791.0M	$899.6M	$929.1M
Equity - AdditionalPaidInCapital	$16.5M	$16.5M	$16.5M	$16.5M	$16.5M
Equity - RetainedEarnings	$3.2B	$2.8B	$2.6B	$2.5B	$2.4B
Equity - TreasuryStock	$1.2B	$1.2B	$1.2B	$1.2B	$1.2B
Equity - AccumulatedOtherComprehensiveIncome(loss)	$-47.6M	$-13.4M	$-7.4M	$-25.3M	$-78.1M
Equity - TotalStockholdersEquity	$2.0B	$1.7B	$1.4B	$1.3B	$1.2B
Equity - TotalLiabilitiesAndStockholdersEquity	$2.9B	$2.5B	$2.2B	$2.2B	$2.1B
Equity - TotalLiabilitiesandEquity	$2.9B	$2.5B	$2.2B	$2.2B	$2.1B
Validation - L+E Components Sum Difference	$0	$0	$0	$0	$0

Income Statement 17 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
IncomeStatement - Revenues - TotalRevenues	$3.8B	$3.3B	$2.8B	$2.6B	$2.5B
IncomeStatement - Revenues - CommissionAndFeeRevenue	$3.8B	$3.3B	$2.8B	$2.6B	$2.5B
IncomeStatement - Revenues - InvestmentIncome	$1.6M	$355.0K	$1.3M	$67.3M	$32.9M
IncomeStatement - Revenues - RealizedGainOnInvestments	$1.2M	$-2.3M	$-1.9M	$-76.0K	$-469.0K
IncomeStatement - Revenues - UnrealizedGainOnInvestments	$3.6M	$3.2M	$-11.4M	$-110.0K	$5.5M
IncomeStatement - Expenses - TotalOperatingExpenses	$3.1B	$2.7B	$2.5B	$2.3B	$2.2B
IncomeStatement - Expenses - CommissionsExpense	$1.4B	$1.2B	$1.0B	$966.3M	$928.9M
IncomeStatement - Expenses - EmployeeCompensationAndBenefits	$249.1M	$226.0M	$208.6M	$204.3M	$188.1M
IncomeStatement - Expenses - DepreciationAndAmortization	$56.5M	$47.4M	$45.9M	$37.2M	$21.2M
IncomeStatement - OperatingIncome - OperatingIncome	$676.5M	$520.3M	$376.2M	$318.1M	$338.2M
IncomeStatement - NonOperatingItems - NonOperatingIncome(expense)	$11.6M	$12.7M	$1.6M	$-4.9M	$-1.8M
IncomeStatement - IncomeBeforeTax - IncomeBeforeIncomeTaxes	$757.3M	$561.9M	$376.5M	$376.4M	$368.5M
IncomeStatement - IncomeTax - IncomeTaxExpense(benefit)	$157.0M	$115.9M	$77.9M	$78.5M	$75.2M
IncomeStatement - NetIncome - NetIncome	$600.3M	$446.1M	$298.6M	$297.9M	$293.3M
IncomeStatement - ComprehensiveIncome - OtherComprehensiveIncome(loss),NetOfTax	$-34.2M	$-6.0M	$17.9M	$52.9M	$38.7M
IncomeStatement - ComprehensiveIncome - ComprehensiveIncome,NetOfTax	$566.1M	$440.1M	$316.4M	$350.7M	$332.0M

Cash Flow Statement 37 Accounts • 5 Years

Account	2024	2023	2022	2021	2020
end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
CashFlow - OperatingActivities - NetIncome	$600.3M	$446.1M	$298.6M	$297.9M	$293.3M
CashFlow - OperatingActivities - DepreciationAndAmortization	$56.5M	$47.4M	$45.9M	$37.2M	$21.2M
CashFlow - OperatingActivities - DeferredIncomeTaxes	$4.0M	$-1.0M	$9.5M	$-1.9M	$-5.2M
CashFlow - OperatingActivities - Realized/unrealizedInvestmentGains/losses	$4.8M	$871.0K	$-13.2M	$-186.0K	$5.1M
CashFlow - OperatingActivities - PensionExpense	$-137.0K	$-3.8M	$44.2M	$57.1M	$45.1M
CashFlow - OperatingActivities - ChangeInAccountsReceivableFromRelatedParties	$81.7M	$100.4M	$45.8M	$-15.5M	$26.5M
CashFlow - OperatingActivities - ChangeInAccruedInvestmentIncome	$1.6M	$1.2M	$2.0M	$157.0K	$713.0K
CashFlow - OperatingActivities - ChangeInAccountsPayableAndAccruedLiabilities	$-7.5M	$7.2M	$19.0M	$-4.8M	$-14.3M
CashFlow - OperatingActivities - ChangeInContractLiabilities	$2.8M	$6.7M	$1.8M	$-3.2M	$1.4M
CashFlow - OperatingActivities - ChangeInDeferredCompensation	$2.7M	$6.1M	$-1.5M	$-5.0M	$7.6M
CashFlow - OperatingActivities - ChangeInPensionAndPostretirementObligations	$0	$0	$15.6M	$52.8M	$41.2M
CashFlow - OperatingActivities - ChangeInOtherOperatingAssetsAndLiabilities	$3.0M	$-7.7M	$25.8M	$-12.2M	$4.8M
CashFlow - OperatingActivities - NetCashProvidedByOperatingActivities	$611.2M	$381.2M	$366.2M	$402.8M	$342.6M
CashFlow - InvestingActivities - PurchasesOfAvailableForSaleSecurities	$473.6M	$280.0M	$465.1M	$380.0M	$396.0M
CashFlow - InvestingActivities - ProceedsFromSalesOfAvailableForSaleSecurities	$205.2M	$160.6M	$296.0M	$150.2M	$101.7M
CashFlow - InvestingActivities - ProceedsFromMaturitiesOfAvailableForSaleSecurities	$196.6M	$76.6M	$130.4M	$184.8M	$118.9M
CashFlow - InvestingActivities - PurchasesOfEquitySecurities	$32.8M	$35.5M	$18.9M	$58.2M	$79.5M
CashFlow - InvestingActivities - ProceedsFromSalesOfEquitySecurities	$35.9M	$24.5M	$20.5M	$64.1M	$70.4M
CashFlow - InvestingActivities - PurchasesOfOtherInvestments	$7.1M	$88.0K	$157.0K	$1.6M	$1.1M
CashFlow - InvestingActivities - ProceedsFromSaleOfOtherInvestments	$54.0K	$871.0K	$429.0K	$1.1M	$613.0K
CashFlow - InvestingActivities - PurchasesOfPropertyAndEquipment	$124.8M	$92.6M	$67.2M	$148.8M	$55.5M
CashFlow - InvestingActivities - ProceedsFromSaleOfPropertyAndEquipment	$0	$0	$265.0K	$0	$15.0K
CashFlow - InvestingActivities - LoansMadeToCustomers	$36.4M	$20.5M	$11.6M	$6.4M	$10.1M
CashFlow - InvestingActivities - CollectionsOfLoans	$10.1M	$8.6M	$8.5M	$9.4M	$7.5M
CashFlow - InvestingActivities - NetCashUsedInInvestingActivities	$-226.9M	$-157.6M	$-106.9M	$-185.5M	$-243.2M
CashFlow - FinancingActivities - ProceedsFromShortTermDebt	$0	$0	$55.0M	$0	$0
CashFlow - FinancingActivities - RepaymentsOfShortTermDebt	$0	$0	$55.0M	$0	$0
CashFlow - FinancingActivities - DividendsPaid	$237.5M	$221.7M	$206.8M	$192.8M	$272.9M
CashFlow - FinancingActivities - ProceedsFromFeesReceived	$26.3M	$26.0M	$25.5M	$24.0M	$25.8M
CashFlow - FinancingActivities - NetCashUsedInFinancingActivities	$-230.0M	$-221.7M	$-300.8M	$-194.8M	$-274.9M
CashFlow - ExchangeRateAndCashReconciliation - NetIncrease(decrease)InCash,CashEquivalents,AndRestrictedCash	$154.3M	$2.0M	$-41.6M	$22.5M	$-175.5M
CashFlow - ExchangeRateAndCashReconciliation - Cash,CashEquivalents,AndRestrictedCashAtBeginningOfPeriod	$298.4M	$144.1M	$142.1M	$183.7M	$161.2M
CashFlow - ExchangeRateAndCashReconciliation - Cash,CashEquivalents,AndRestrictedCashAtEndOfPeriod	$298.4M	$144.1M	$142.1M	$183.7M	$161.2M
CashFlow - SupplementalDisclosures - InterestPaid	$0	$0	$2.1M	$4.1M	$693.0K
CashFlow - SupplementalDisclosures - IncomeTaxesPaid	$159.9M	$104.4M	$80.6M	$84.5M	$82.6M
CashFlow - SupplementalDisclosures - NonCashCapitalExpenditures	$15.3M	$0	$26.4M	$12.8M	$14.2M

Erie Indemnity

Balance Sheet 34 Accounts • 5 Years

Income Statement 17 Accounts • 5 Years

Cash Flow Statement 37 Accounts • 5 Years

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