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 | 2023 | 2022 |
|---|---|---|---|
| Operating revenue | — | — | — |
| Management fee revenue - policy issuance and renewal services | 2,894.07a | 2,442.07a | 2,087.85a |
| Management fee revenue - administrative services | 68.36a | 63.67a | 58.32a |
| Administrative services reimbursement revenue | 806.34a | 737.14a | 668.27a |
| Service agreement revenue | 26.35a | 26.06a | 25.69a |
| Total operating revenue | 3,795.12a | 3,268.94a | 2,840.12a |
| Operating expenses | — | — | — |
| Cost of operations - policy issuance and renewal services | -2,312.32a | -2,011.55a | -1,795.64a |
| Cost of operations - administrative services | -806.34a | -737.14a | -668.27a |
| Total operating expenses | -3,118.66a | -2,748.68a | -2,463.91a |
| Operating income | 676.46a | 520.26a | 376.21a |
| Investment income | — | — | — |
| Net investment income | 70.16a | 44.57a | 28.59a |
| Net realized and unrealized investment gains (losses) | 3.23a | -5.84a | -27.29a |
| Net impairment losses recognized in earnings | -4.12a | -9.77a | -0.67a |
| Total investment income | 69.26a | 28.97a | 0.63a |
| Interest expense, net | 0a | 0a | -2.01a |
| Other income | 11.56a | 12.71a | 1.62a |
| Income before income taxes | 757.28a | 561.94a | 376.45a |
| Income tax expense | -156.97a | -115.88a | -77.88a |
| Net income | 600.31a | 446.06a | 298.57a |
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