Erie Indemnity Quarterly Cash Flow Statements Chart
Quarterly
|
Annual
Erie Indemnity Quarterly Cash Flow Statements Table
Quarterly
|
Annual
Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||
management fee received | 713,712,000 | 760,565,000 | 736,108,000 | 772,315,000 | 725,656,000 | 664,288,000 | 620,511,000 | 637,106,000 | 604,670,000 | 557,905,000 | 526,295,000 | 555,678,000 | 528,656,000 | 490,360,000 | 485,720,000 | 511,055,000 | 499,277,000 | 486,040,000 | 496,108,000 | 484,327,000 | 453,635,000 | 484,919,000 | 469,223,000 | 433,735,000 | 441,478,000 | 450,075,000 | 440,797,000 | 418,897,000 | 401,592,000 | 419,837,000 | 416,783,000 | 389,346,000 | 381,465,000 | 398,041,000 | 393,345,000 | 363,848,000 | ||||||||||||
administrative services reimbursements received | 278,382,000 | 221,955,000 | 218,789,000 | 183,453,000 | 164,062,000 | 209,846,000 | 182,985,000 | 179,611,000 | 161,700,000 | 197,632,000 | 181,776,000 | 169,262,000 | 123,900,000 | 193,919,000 | 162,905,000 | 169,886,000 | 143,817,000 | 157,692,000 | 152,444,000 | 139,389,000 | 140,300,000 | 124,307,000 | 148,082,000 | 148,308,000 | 146,627,000 | 130,015,000 | 147,634,000 | 150,422,000 | ||||||||||||||||||||
service agreement revenue received | 5,303,000 | 6,432,000 | 6,542,000 | 6,815,000 | 6,475,000 | 6,514,000 | 6,651,000 | 6,579,000 | 6,429,000 | 6,359,000 | ||||||||||||||||||||||||||||||||||||||
net investment income received | 18,469,000 | 19,326,000 | 18,596,000 | 17,457,000 | 15,640,000 | 15,950,000 | 14,869,000 | 15,510,000 | 13,323,000 | 13,746,000 | 11,260,000 | 10,306,000 | 9,085,000 | 9,510,000 | 17,873,000 | 9,222,000 | 8,862,000 | 9,873,000 | 7,849,000 | 8,853,000 | 9,364,000 | 8,662,000 | 7,687,000 | 9,112,000 | 10,864,000 | 9,346,000 | 8,328,000 | 8,951,000 | 7,688,000 | 8,571,000 | 7,469,000 | 7,553,000 | 7,153,000 | 6,722,000 | 6,739,000 | 6,182,000 | -371,001,000 | 135,000,000 | 136,000,000 | 126,000,000 | 122,000,000 | 127,000,000 | 114,000,000 | 121,000,000 | 113,000,000 | 115,000,000 | ||
commissions paid to agents | -412,589,000 | -370,528,000 | -375,303,000 | -386,648,000 | -366,286,000 | -315,059,000 | -310,504,000 | -325,292,000 | -302,406,000 | -261,812,000 | -270,494,000 | -278,606,000 | -262,227,000 | -230,831,000 | -239,874,000 | -261,861,000 | -245,204,000 | -219,346,000 | -247,825,000 | -232,623,000 | -215,999,000 | -235,019,000 | -229,966,000 | -204,633,000 | -214,184,000 | -225,694,000 | -221,077,000 | -192,803,000 | -202,927,000 | -211,300,000 | -203,748,000 | -182,652,000 | -191,223,000 | -201,522,000 | -191,343,000 | -172,625,000 | ||||||||||||
incentive compensation paid to agents | -6,384,000 | -79,017,000 | -6,565,000 | -7,666,000 | -8,220,000 | -72,413,000 | ||||||||||||||||||||||||||||||||||||||||||
salaries and wages paid | -59,277,000 | -79,844,000 | -60,049,000 | -57,862,000 | -49,023,000 | -82,203,000 | -47,860,000 | -54,675,000 | -47,563,000 | -75,938,000 | -43,849,000 | -50,651,000 | -42,847,000 | -71,228,000 | -43,495,000 | -47,332,000 | -45,079,000 | -68,373,000 | -46,060,000 | -50,840,000 | -49,520,000 | -36,514,000 | -50,925,000 | -50,840,000 | -45,669,000 | -34,267,000 | -47,933,000 | -54,668,000 | -43,476,000 | -32,609,000 | -48,020,000 | -47,442,000 | -40,994,000 | -29,482,000 | -44,777,000 | -45,732,000 | ||||||||||||
pension contribution and employee benefits paid | -17,726,000 | -60,501,000 | -20,547,000 | -19,629,000 | -16,212,000 | -54,376,000 | -18,770,000 | -11,211,000 | -7,384,000 | -50,135,000 | -49,199,000 | -27,144,000 | -29,100,000 | -7,180,000 | -26,557,000 | -6,909,000 | -5,710,000 | -6,995,000 | -24,636,000 | |||||||||||||||||||||||||||||
general operating expenses paid | -72,672,000 | -81,938,000 | -78,598,000 | -68,573,000 | -81,038,000 | -80,064,000 | -66,908,000 | -74,974,000 | -71,196,000 | -80,779,000 | -76,372,000 | -54,855,000 | -74,820,000 | -57,477,000 | -55,266,000 | -53,655,000 | -69,917,000 | -56,456,000 | -60,191,000 | -64,931,000 | -68,491,000 | -61,884,000 | -57,476,000 | -60,439,000 | -63,277,000 | -33,378,000 | -52,348,000 | -59,033,000 | -31,099,000 | -54,863,000 | -52,122,000 | -61,000,000 | -42,300,000 | -42,014,000 | -39,495,000 | -52,220,000 | ||||||||||||
administrative services expenses paid | -196,191,000 | -218,352,000 | -209,523,000 | -196,491,000 | -176,604,000 | -208,432,000 | -189,295,000 | -178,606,000 | -172,489,000 | -189,739,000 | -170,517,000 | -163,475,000 | -151,095,000 | -182,437,000 | -161,007,000 | -160,906,000 | -148,886,000 | -161,731,000 | -142,485,000 | -148,380,000 | -149,666,000 | -133,783,000 | -148,090,000 | -143,046,000 | -152,486,000 | -132,217,000 | -148,700,000 | -146,935,000 | ||||||||||||||||||||
income taxes paid | -35,992,000 | -44,000,000 | -36,000,000 | -32,000,000 | -20,630,000 | -21,000,000 | -20,990,000 | -23,001,000 | -46,951,000 | -21,000,000 | -29,606,000 | -29,000,000 | -35,746,000 | -22,737,000 | -35,250,000 | -27,099,000 | -42,000,000 | -258,000 | 239,653,000 | -98,000,000 | -176,000,000 | -72,000,000 | -64,000,000 | -28,000,000 | -84,000,000 | -14,000,000 | -76,000,000 | -59,000,000 | ||||||||||||||||||||
net cash from operating activities | 177,576,000 | 118,118,000 | 193,458,000 | 199,171,000 | 131,427,000 | 87,193,000 | 148,436,000 | 52,762,000 | 131,976,000 | 48,031,000 | 128,044,000 | 131,834,000 | 82,721,000 | 23,553,000 | 138,756,000 | 136,318,000 | 94,238,000 | 33,482,000 | 107,196,000 | 107,205,000 | 20,077,000 | 123,450,000 | 90,176,000 | 24,240,000 | 89,271,000 | 132,721,000 | 81,823,000 | -40,230,000 | 76,792,000 | 80,843,000 | 74,613,000 | -35,122,000 | 98,785,000 | 105,069,000 | 72,244,000 | -21,762,000 | -445,622,000 | 352,000,000 | 221,000,000 | 90,000,000 | 230,000,000 | 304,000,000 | 191,000,000 | 54,000,000 | 214,000,000 | 359,000,000 | ||
capex | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19,000,000 | -14,000,000 | -12,000,000 | -23,000,000 | -12,000,000 | -11,000,000 | -6,000,000 | -18,000,000 | -5,000,000 | ||
free cash flows | 177,576,000 | 118,118,000 | 193,458,000 | 199,171,000 | 131,427,000 | 87,193,000 | 148,436,000 | 52,762,000 | 131,976,000 | 48,031,000 | 128,044,000 | 131,834,000 | 82,721,000 | 23,553,000 | 138,756,000 | 136,318,000 | 94,238,000 | 33,482,000 | 107,196,000 | 107,205,000 | 20,077,000 | 123,450,000 | 90,176,000 | 24,240,000 | 89,271,000 | 132,721,000 | 81,823,000 | -40,230,000 | 76,792,000 | 80,843,000 | 74,613,000 | -35,122,000 | 98,785,000 | 105,069,000 | 72,244,000 | -21,762,000 | -445,622,000 | 333,000,000 | 207,000,000 | 78,000,000 | 207,000,000 | 292,000,000 | 180,000,000 | 48,000,000 | 196,000,000 | 354,000,000 | ||
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments: | ||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities | -77,356,000 | -131,330,000 | -100,266,000 | -137,381,000 | -158,470,000 | -77,530,000 | -73,383,000 | -82,849,000 | -76,173,000 | -47,594,000 | -89,605,000 | -163,974,000 | -120,437,000 | -91,055,000 | -112,950,000 | -98,396,000 | -93,488,000 | -75,183,000 | -139,901,000 | -60,750,000 | -137,442,000 | -237,502,000 | -394,573,000 | -220,811,000 | -198,122,000 | -79,925,000 | -37,585,000 | -77,263,000 | -98,479,000 | -107,899,000 | -119,282,000 | -65,521,000 | -100,574,000 | -107,402,000 | -94,278,000 | -67,557,000 | ||||||||||||
equity securities | -7,571,000 | -6,946,000 | -7,134,000 | -12,523,000 | -6,005,000 | -7,137,000 | -9,285,000 | -7,505,000 | -8,983,000 | -9,707,000 | -5,973,000 | -5,799,000 | -2,538,000 | -4,619,000 | -12,537,000 | -17,246,000 | -9,589,000 | -18,819,000 | -22,440,000 | -26,318,000 | -18,089,000 | -46,536,000 | 0 | 0 | 0 | -3,052,000 | 0 | -1,035,000 | ||||||||||||||||||||
other investments | -75,000 | 0 | -7,000,000 | 0 | -81,000 | 0 | -4,000 | -3,000 | 0 | 0 | -1,041,000 | 0 | -256,000 | -349,000 | -165,000 | -128,000 | ||||||||||||||||||||||||||||||||
proceeds from investments: | ||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities sales | 28,982,000 | 34,721,000 | 48,802,000 | 51,185,000 | 79,250,000 | 25,922,000 | 34,253,000 | 47,553,000 | 36,093,000 | 42,715,000 | 57,264,000 | 114,974,000 | 75,467,000 | 48,291,000 | 41,284,000 | 49,666,000 | 27,965,000 | 31,238,000 | 20,287,000 | 24,415,000 | 44,562,000 | 224,923,000 | 281,441,000 | 149,155,000 | 109,410,000 | 49,526,000 | 18,670,000 | 57,717,000 | 23,899,000 | 62,567,000 | 41,218,000 | 16,633,000 | ||||||||||||||||
available-for-sale securities maturities/calls | 33,137,000 | 34,278,000 | 44,467,000 | 51,519,000 | 53,729,000 | 46,926,000 | 20,845,000 | 26,800,000 | 14,570,000 | 14,402,000 | 18,982,000 | 36,791,000 | 31,929,000 | 42,699,000 | 42,206,000 | 42,826,000 | 54,643,000 | 45,145,000 | 34,009,000 | 23,317,000 | 35,405,000 | 20,944,000 | 107,559,000 | 154,343,000 | 35,474,000 | 29,248,000 | 41,201,000 | 28,473,000 | 48,546,000 | 46,392,000 | 56,582,000 | 43,460,000 | ||||||||||||||||
purchase of fixed assets | -20,257,000 | -29,674,000 | -46,643,000 | -27,714,000 | -28,042,000 | -22,446,000 | -20,546,000 | -27,098,000 | -25,861,000 | -19,142,000 | -16,319,000 | -22,864,000 | -12,563,000 | -15,458,000 | -110,703,000 | -9,900,000 | -17,051,000 | -11,146,000 | -14,863,000 | -16,340,000 | -21,086,000 | -34,103,000 | -16,849,000 | -17,411,000 | ||||||||||||||||||||||||
loans to agents and others | -5,598,000 | -12,568,000 | -4,045,000 | |||||||||||||||||||||||||||||||||||||||||||||
collections on agent and other loans | 4,728,000 | 2,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -38,812,000 | -97,760,000 | -56,506,000 | -90,774,000 | -52,633,000 | -26,999,000 | -51,835,000 | -37,466,000 | -55,938,000 | -12,326,000 | -31,925,000 | -32,801,000 | -28,464,000 | -13,732,000 | -142,332,000 | -7,647,000 | -24,683,000 | -10,828,000 | -103,148,000 | -32,674,000 | -82,749,000 | -74,456,000 | -21,543,000 | 63,758,000 | -28,423,000 | -47,322,000 | 11,086,000 | -16,739,000 | -34,248,000 | -4,469,000 | -28,865,000 | -7,081,000 | -40,306,000 | -55,371,000 | -19,418,000 | -21,849,000 | 475,622,000 | -125,000,000 | -195,000,000 | -155,000,000 | -63,000,000 | -201,000,000 | -237,000,000 | -95,000,000 | -261,000,000 | -163,000,000 | ||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid to shareholders | -63,569,000 | -63,569,000 | -59,376,000 | -59,378,000 | -59,377,000 | -59,377,000 | -55,419,000 | -55,419,000 | -55,418,000 | -55,419,000 | -51,693,000 | -51,693,000 | -51,693,000 | -51,693,000 | -48,201,000 | -48,200,000 | -48,200,000 | -48,200,000 | -44,940,000 | -44,941,000 | -44,940,000 | -41,913,000 | -41,914,000 | -41,910,000 | -39,119,000 | -39,120,000 | -39,119,000 | -39,116,000 | -36,441,000 | -36,441,000 | -36,442,000 | -36,441,000 | -33,996,000 | -33,996,000 | -33,997,000 | -33,996,000 | -31,858,000 | -32,000,000 | -31,000,000 | -32,000,000 | -30,000,000 | -30,000,000 | -29,000,000 | -30,000,000 | -28,000,000 | -28,000,000 | ||
net changes in cash collateral for securities lent | 22,453,000 | 5,193,000 | -392,000 | 1,560,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -41,116,000 | -58,376,000 | -59,768,000 | -57,818,000 | -53,032,000 | -59,377,000 | -55,419,000 | -55,419,000 | -55,418,000 | -55,419,000 | -51,693,000 | -91,693,000 | -105,238,000 | -52,218,000 | -48,718,000 | -48,713,000 | -48,709,000 | -48,702,000 | -45,431,000 | -45,439,000 | -45,421,000 | -42,384,000 | -42,416,000 | -42,370,000 | -39,119,000 | -39,123,000 | -14,124,000 | -39,125,000 | -11,451,000 | -36,455,000 | -11,457,000 | -36,451,000 | -9,220,000 | -33,996,000 | -33,997,000 | -33,996,000 | -42,858,000 | -30,000,000 | -25,000,000 | -29,000,000 | -32,000,000 | -24,000,000 | -33,000,000 | -32,000,000 | -36,000,000 | -26,000,000 | ||
net increase in cash, cash equivalents and restricted cash | 97,648,000 | -38,018,000 | 77,184,000 | 50,579,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 298,397,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 97,648,000 | 260,379,000 | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash transactions | ||||||||||||||||||||||||||||||||||||||||||||||||
liability incurred to purchase fixed assets | 0 | 844,000 | 4,462,000 | -371,000 | -5,219,000 | 16,382,000 | 0 | 1,553,000 | 7,160,000 | 17,673,000 | -300,000 | 78,000 | -4,074,000 | 17,098,000 | -318,000 | 47,000 | 767,000 | -6,694,000 | ||||||||||||||||||||||||||||||
operating lease assets obtained in exchange for lease liabilities | 1,204,000 | 1,319,000 | 765,000 | 2,443,000 | 1,791,000 | 2,872,000 | -1,808,000 | 3,917,000 | 3,087,000 | 670,000 | ||||||||||||||||||||||||||||||||||||||
receipt of donated equipment | ||||||||||||||||||||||||||||||||||||||||||||||||
income taxes recovered | 20,000 | 3,142,000 | 17,000 | 375,000 | 138,000 | 234,000 | ||||||||||||||||||||||||||||||||||||||||||
interest paid | 0 | -197,000 | -916,000 | -1,021,000 | -1,027,000 | -1,032,000 | -1,038,000 | -1,044,000 | -1,000 | 10,000 | -14,000 | -134,000 | -271,000 | -448,000 | -557,000 | -755,000 | -515,000 | -550,000 | -333,000 | -380,000 | -161,000 | -164,000 | ||||||||||||||||||||||||||
proceeds from disposal of fixed assets | 0 | 109,000 | 126,000 | 30,000 | ||||||||||||||||||||||||||||||||||||||||||||
collections on agent loans | 2,393,000 | 2,093,000 | 2,736,000 | 2,846,000 | 2,034,000 | 2,398,000 | 2,325,000 | 2,010,000 | 2,215,000 | 2,078,000 | 2,220,000 | 2,155,000 | 3,640,000 | 1,446,000 | 2,138,000 | 2,058,000 | 1,634,000 | 1,943,000 | 1,678,000 | 2,313,000 | ||||||||||||||||||||||||||||
proceeds from short-term borrowings | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
payments on short-term borrowings | 0 | -40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
payments on long-term borrowings | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash beginning of period | 0 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash end of period | 50,579,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans to agents and other | ||||||||||||||||||||||||||||||||||||||||||||||||
loans to agents | -2,507,000 | -1,323,000 | -3,247,000 | -903,000 | -2,061,000 | -801,000 | -3,574,000 | -5,195,000 | -734,000 | -2,718,000 | -1,933,000 | -997,000 | -1,460,000 | -510,000 | -1,803,000 | |||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 817,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash beginning of period | 144,055,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash end of period | 144,872,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||
agents bonuses paid | -6,965,000 | -7,078,000 | -98,925,000 | -4,704,000 | -4,797,000 | -4,809,000 | -122,093,000 | -3,805,000 | -4,100,000 | -4,579,000 | -111,099,000 | -4,116,000 | -3,100,000 | -97,085,000 | -3,722,000 | -3,851,000 | -104,689,000 | -3,657,000 | -4,063,000 | -3,987,000 | -122,607,000 | -3,881,000 | -3,806,000 | -3,781,000 | -111,275,000 | -3,356,000 | -3,333,000 | -3,237,000 | -103,933,000 | |||||||||||||||||||
net decrease in cash and cash equivalents | -19,714,000 | -50,981,000 | -42,397,000 | 20,846,000 | -26,048,000 | 78,785,000 | -96,094,000 | 39,919,000 | 34,291,000 | -78,654,000 | 18,829,000 | -77,607,000 | 1,000,000 | -94,000,000 | -79,000,000 | -73,000,000 | ||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 142,090,000 | 0 | 0 | 183,702,000 | 0 | 0 | 161,240,000 | 0 | 0 | 336,739,000 | 0 | 0 | 266,417,000 | 0 | 0 | 215,721,000 | 0 | 0 | 189,072,000 | 0 | 0 | 182,889,000 | ||||||||||||||||||||||||
cash and cash equivalents, end of period | -40,123,000 | 20,620,000 | 122,376,000 | 7,340,000 | -50,981,000 | 141,305,000 | 79,958,000 | 20,846,000 | 135,192,000 | -41,383,000 | 29,092,000 | 228,646,000 | 6,610,000 | 26,217,000 | 312,045,000 | 46,276,000 | 78,785,000 | 119,627,000 | 39,919,000 | 34,291,000 | 110,418,000 | 15,702,000 | 18,829,000 | 105,282,000 | ||||||||||||||||||||||||
employee benefits paid | -17,412,000 | -20,048,000 | -9,638,000 | -11,470,000 | -8,244,000 | -8,025,000 | -8,415,000 | -8,152,000 | -8,105,000 | -6,224,000 | -9,738,000 | |||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 44,426,000 | -52,294,000 | -41,383,000 | 29,092,000 | -108,093,000 | 6,610,000 | 26,217,000 | 45,628,000 | 21,729,000 | 49,259,000 | -12,858,000 | 135,000,000 | -83,000,000 | 170,000,000 | ||||||||||||||||||||||||||||||||||
income taxes (paid) recovered | -370,000 | -1,000 | -276,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||
transfer of investments from other investments to equity securities | ||||||||||||||||||||||||||||||||||||||||||||||||
service agreement fee received | 6,283,000 | 6,438,000 | 6,304,000 | 6,067,000 | 5,902,000 | 6,079,000 | 6,310,000 | 6,446,000 | 6,662,000 | 7,155,000 | 6,907,000 | 6,692,000 | 7,380,000 | 7,072,000 | 7,080,000 | 7,145,000 | 7,368,000 | 7,278,000 | 7,245,000 | 7,258,000 | 7,444,000 | 7,267,000 | 7,219,000 | 7,270,000 | 6,997,000 | 8,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 7,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | ||||||||||||||
operating lease assets obtained in exchange for new operating lease liabilities | 1,689,000 | 479,000 | 1,008,000 | 1,068,000 | 1,402,000 | 909,000 | 68,000 | 667,000 | 2,107,000 | 1,333,000 | 542,000 | 621,000 | 32,515,000 | |||||||||||||||||||||||||||||||||||
net payments on long-term borrowings | -525,000 | -517,000 | -513,000 | -509,000 | -502,000 | -491,000 | -498,000 | -481,000 | -460,000 | |||||||||||||||||||||||||||||||||||||||
transfer of investments from limited partnerships to equity securities | 0 | 8,853,000 | ||||||||||||||||||||||||||||||||||||||||||||||
how we addressed the matter in our audit | ||||||||||||||||||||||||||||||||||||||||||||||||
operating revenue | ||||||||||||||||||||||||||||||||||||||||||||||||
management fee revenue - policy issuance and renewal services | ||||||||||||||||||||||||||||||||||||||||||||||||
management fee revenue - administrative services | ||||||||||||||||||||||||||||||||||||||||||||||||
administrative services reimbursement revenue | ||||||||||||||||||||||||||||||||||||||||||||||||
service agreement revenue | ||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenue | ||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||
cost of operations - policy issuance and renewal services | ||||||||||||||||||||||||||||||||||||||||||||||||
cost of operations - administrative services | ||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||
operating income | ||||||||||||||||||||||||||||||||||||||||||||||||
investment income | ||||||||||||||||||||||||||||||||||||||||||||||||
net investment income | ||||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains | ||||||||||||||||||||||||||||||||||||||||||||||||
net impairment losses recognized in earnings | ||||||||||||||||||||||||||||||||||||||||||||||||
total investment income | ||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||
other income | ||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | ||||||||||||||||||||||||||||||||||||||||||||||||
net income | ||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock – basic | ||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock – diluted | ||||||||||||||||||||||||||||||||||||||||||||||||
class b common stock – basic and diluted | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding – basic | ||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock | ||||||||||||||||||||||||||||||||||||||||||||||||
class b common stock | ||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding – diluted | ||||||||||||||||||||||||||||||||||||||||||||||||
limited partnership distributions | 219,000 | 278,000 | 254,000 | 304,000 | 67,000 | 1,225,000 | 1,165,000 | 2,971,000 | 2,611,000 | 426,000 | 2,135,000 | 1,654,000 | 696,000 | 643,000 | 10,615,000 | 1,804,000 | 4,291,000 | 1,127,000 | -100,888,000 | 41,000,000 | 42,000,000 | 32,000,000 | 36,000,000 | 31,000,000 | 39,000,000 | 25,000,000 | 51,000,000 | 46,000,000 | ||||||||||||||||||||
limited partnerships | -1,000 | -6,000 | -13,000 | -11,000 | 0 | -9,000 | -26,000 | -2,000 | -184,000 | -31,000 | -80,000 | -5,000 | -214,000 | -111,000 | -129,000 | -82,000 | -264,000 | -103,000 | 100,072,000 | -38,000,000 | -38,000,000 | -25,000,000 | -38,000,000 | -36,000,000 | -19,000,000 | -27,000,000 | -22,000,000 | -14,000,000 | ||||||||||||||||||||
equity in earnings (losses) of limited partnerships | ||||||||||||||||||||||||||||||||||||||||||||||||
class b common stock – basic | ||||||||||||||||||||||||||||||||||||||||||||||||
class b common stock – diluted | ||||||||||||||||||||||||||||||||||||||||||||||||
pension contributions and employee benefits paid | -9,841,000 | -11,210,000 | -10,875,000 | |||||||||||||||||||||||||||||||||||||||||||||
agent loan distributions | ||||||||||||||||||||||||||||||||||||||||||||||||
agent loan repayments | ||||||||||||||||||||||||||||||||||||||||||||||||
net (payments) proceeds from long-term borrowings | -471,000 | |||||||||||||||||||||||||||||||||||||||||||||||
distributions on agent loans | -714,000 | -6,233,000 | ||||||||||||||||||||||||||||||||||||||||||||||
increase in reimbursements collected from affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||
trading securities | 0 | 2,025,000 | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of note receivable from erie family life insurance | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from long-term borrowings | 0 | -3,000 | 24,990,000 | -14,000 | ||||||||||||||||||||||||||||||||||||||||||||
transfer of investments from limited partnerships to trading securities | ||||||||||||||||||||||||||||||||||||||||||||||||
decrease in reimbursements collected from affiliates | -1,702,000 | 5,433,000 | -11,066,000 | 395,000 | -11,503,000 | -785,000 | ||||||||||||||||||||||||||||||||||||||||||
net purchase of fixed assets | -30,546,000 | -9,430,000 | -8,691,000 | -10,891,000 | -8,064,000 | -6,421,000 | -3,551,000 | -14,793,000 | -3,158,000 | -3,761,000 | -3,496,000 | |||||||||||||||||||||||||||||||||||||
net distributions on agent loans | -15,937,000 | -3,460,000 | -17,874,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net costs from long-term borrowings | -9,000 | -10,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net (distributions) collections on agent loans | -25,000 | -1,102,000 | -1,696,000 | -1,387,000 | ||||||||||||||||||||||||||||||||||||||||||||
net collections on agent loans | -36,000 | -312,000 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | 0 | 0 | 0 | 0 | 0 | 0 | -10,000,000 | -10,000,000 | -10,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||
net collections (distributions) on agent loans | 762,000 | 1,008,000 | ||||||||||||||||||||||||||||||||||||||||||||||
premiums collected | 1,540,000,000 | 1,517,000,000 | 1,389,000,000 | 1,360,000,000 | 1,427,000,000 | 1,390,000,000 | 1,289,000,000 | 1,246,000,000 | 1,330,000,000 | |||||||||||||||||||||||||||||||||||||||
commissions and bonuses paid to agents | -197,000,000 | -187,000,000 | -249,000,000 | -173,000,000 | -179,000,000 | -172,000,000 | -225,000,000 | -160,000,000 | -165,000,000 | |||||||||||||||||||||||||||||||||||||||
losses paid | -815,000,000 | -820,000,000 | -793,000,000 | -779,000,000 | -808,000,000 | -845,000,000 | -785,000,000 | -703,000,000 | -680,000,000 | |||||||||||||||||||||||||||||||||||||||
loss expenses paid | -136,000,000 | -132,000,000 | -125,000,000 | -138,000,000 | -127,000,000 | -121,000,000 | -130,000,000 | -127,000,000 | -116,000,000 | |||||||||||||||||||||||||||||||||||||||
other underwriting and acquisition costs paid | -126,000,000 | -166,000,000 | -226,000,000 | -142,000,000 | -147,000,000 | -137,000,000 | -235,000,000 | -138,000,000 | -120,000,000 | |||||||||||||||||||||||||||||||||||||||
fixed maturities | -594,000,000 | -725,000,000 | -882,000,000 | -473,000,000 | -735,000,000 | -589,000,000 | -501,000,000 | -722,000,000 | -917,000,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock | -45,000,000 | -71,000,000 | -54,000,000 | -63,000,000 | -214,000,000 | -92,000,000 | -76,000,000 | -42,000,000 | -40,000,000 | |||||||||||||||||||||||||||||||||||||||
common stock | -332,000,000 | -267,000,000 | -298,000,000 | -496,000,000 | -216,000,000 | -290,000,000 | -260,000,000 | -318,000,000 | -321,000,000 | |||||||||||||||||||||||||||||||||||||||
sales/maturities of investments: | ||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturity sales | 234,000,000 | 354,000,000 | 271,000,000 | 155,000,000 | 119,000,000 | 212,000,000 | 159,000,000 | 133,000,000 | 386,000,000 | |||||||||||||||||||||||||||||||||||||||
fixed maturity calls/maturities | 273,000,000 | 260,000,000 | 209,000,000 | 169,000,000 | 272,000,000 | 169,000,000 | 244,000,000 | 254,000,000 | 264,000,000 | |||||||||||||||||||||||||||||||||||||||
sale of and returns on limited partnerships | 58,000,000 | 42,000,000 | 76,000,000 | 97,000,000 | 30,000,000 | 29,000,000 | 41,000,000 | 73,000,000 | 39,000,000 | |||||||||||||||||||||||||||||||||||||||
net purchase of property and equipment | -19,000,000 | -14,000,000 | -12,000,000 | -23,000,000 | -12,000,000 | -11,000,000 | -6,000,000 | -18,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||
net distributions on life policy loans | 0 | 0 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
annuity deposits and interest | 18,000,000 | 20,000,000 | 20,000,000 | 19,000,000 | 21,000,000 | 23,000,000 | 22,000,000 | 21,000,000 | 21,000,000 | |||||||||||||||||||||||||||||||||||||||
annuity surrenders and withdrawals | -22,000,000 | -22,000,000 | -20,000,000 | -26,000,000 | -23,000,000 | -21,000,000 | -18,000,000 | -24,000,000 | -19,000,000 | |||||||||||||||||||||||||||||||||||||||
universal life deposits and interest | 10,000,000 | 11,000,000 | 6,000,000 | 9,000,000 | 11,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||
universal life surrenders | -4,000,000 | -3,000,000 | -3,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -2,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 514,000,000 | 0 | 0 | 452,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 197,000,000 | 1,000,000 | 420,000,000 | 79,000,000 | -79,000,000 | 379,000,000 | 170,000,000 | |||||||||||||||||||||||||||||||||||||||||
We provide you with 20 years of cash flow statements for Erie Indemnity stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Erie Indemnity stock. Explore the full financial landscape of Erie Indemnity stock with our expertly curated income statements.
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