Erie Indemnity Co

Common Name

Erie Indemnity

Country

United States

Sector

Financial Services

Industry

Insurance - Brokers

Employees

6,715

Ticker

ERIE

Exchange

NASDAQ/NGS

Website

www.erieinsurance.com

Description

Erie Indemnity Company is a prominent name in the insurance sector, primarily known for its role as a management company for the Erie Insurance Exchange. Founded in 1925 and headquartered in Erie, Pen... Show more

Financial Statements of Erie Indemnity

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.

Income Statement (as reported) Balance Sheet (as reported)

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

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Verified Sources Behind Erie Indemnity’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Erie Indemnity’s data sources below and access millions more through our Disclosure Search.

a. Erie Indemnity's Annual Report 2024

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Erie Indemnity Co

Financial Statements of Erie Indemnity

Verified Sources Behind Erie Indemnity’s Financial Fundamentals Data

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