Below are the financial statements of Erie Indemnity, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 298.4a | 144.06a |
| Available-for-sale securities | 44.6a | 82.02a |
| Receivables from Erie Insurance Exchange and affiliates, net | 707.06a | 625.34a |
| Prepaid expenses and other current assets, net | 83.9a | 69.32a |
| Accrued investment income | 11.07a | 9.46a |
| Total current assets | 1,145.03a | 930.19a |
| Available-for-sale securities, net | 991.73a | 879.22a |
| Available-for-sale securities lent | 7.29a | 0a |
| Equity securities | 85.89a | 84.25a |
| Fixed assets, net | 513.49a | 442.61a |
| Agent loans, net | 80.6a | 58.43a |
| Defined benefit pension plan | 21.31a | 34.32a |
| Other assets, net | 43.28a | 42.93a |
| Total assets | 2,888.61a | 2,471.96a |
| Liabilities and shareholders' equity | — | — |
| Current liabilities | — | — |
| Commissions payable | 408.31a | 353.71a |
| Agent incentive compensation | 75.46a | 68.08a |
| Accounts payable and accrued liabilities | 190.03a | 175.62a |
| Dividends payable | 63.57a | 59.38a |
| Contract liability | 42.76a | 41.21a |
| Deferred executive compensation | 14.87a | 10.98a |
| Securities lending payable | 7.51a | 0a |
| Total current liabilities | 802.51a | 708.98a |
| Defined benefit pension plan | 28.07a | 26.26a |
| Contract liability | 21.17a | 19.91a |
| Deferred executive compensation | 19.72a | 20.94a |
| Deferred income taxes, net | 6.42a | 11.48a |
| Other long-term liabilities | 23.47a | 21.57a |
| Total liabilities | 901.36a | 809.13a |
| Shareholders' equity | — | — |
| Class A common stock | 1.99a | 1.99a |
| Class B common stock | 0.18a | 0.18a |
| Additional paid-in-capital | 16.47a | 16.47a |
| Accumulated other comprehensive loss | -47.59a | -13.4a |
| Retained earnings | 3,162.3a | 2,803.69a |
| Total contributed capital and retained earnings | 3,133.35a | 2,808.93a |
| Treasury stock, at cost | -1,169.07a | -1,169.17a |
| Deferred compensation | 22.98a | 23.08a |
| Total shareholders' equity | 1,987.26a | 1,662.84a |
| Total liabilities and shareholders' equity | 2,888.61a | 2,471.96a |
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