Erie Indemnity Company(NASDAQ:ERIE)
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. Its sales related se...
Website: http://www.erieinsurance.com
Founded: 1925
Full Time Employees: 5,700
Sector: Financial Services
Industry: Insurance Brokers
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2013-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||
management fee revenue - policy issuance and renewal services | 786,399,000 | 727,629,000 | 825,275,000 | 823,853,000 | 755,049,000 | 698,340,000 | 769,162,000 | 760,886,000 | 665,686,000 | 601,595,000 | 649,049,000 | 633,339,000 | 558,090,000 | 503,633,000 | 551,666,000 | 544,555,000 | 487,992,000 | 450,286,000 | 504,891,000 | 502,271,000 | 455,718,000 | 429,698,000 | 484,551,000 | 483,795,000 | 443,750,000 | 424,534,000 | 474,427,000 | 480,513,000 | 430,983,000 | 407,656,000 | 451,361,000 | 454,572,000 | 405,978,000 | |||||||||||||||||||
management fee revenue - administrative services | 19,475,000 | 19,286,000 | 18,831,000 | 18,296,000 | 17,645,000 | 17,216,000 | 17,154,000 | 17,051,000 | 16,934,000 | 16,693,000 | 16,151,000 | 15,636,000 | 15,189,000 | 14,877,000 | 14,657,000 | 14,476,000 | 14,313,000 | 14,301,000 | 14,471,000 | 14,667,000 | 14,847,000 | 14,969,000 | 14,910,000 | 14,813,000 | 14,771,000 | 14,628,000 | 14,430,000 | 14,195,000 | 13,951,000 | 13,738,000 | 13,521,000 | 13,299,000 | 13,074,000 | |||||||||||||||||||
administrative services reimbursement revenue | 200,096,000 | 198,028,000 | 215,694,000 | 212,644,000 | 210,273,000 | 201,987,000 | 206,754,000 | 206,028,000 | 191,567,000 | 192,728,000 | 187,118,000 | 184,466,000 | 172,827,000 | 175,613,000 | 168,653,000 | 160,675,000 | 163,327,000 | 165,350,000 | 162,410,000 | 157,190,000 | 153,533,000 | 158,206,000 | 147,710,000 | 151,965,000 | 151,554,000 | 150,705,000 | 142,730,000 | 146,095,000 | 142,480,000 | 147,694,000 | 140,172,000 | 146,507,000 | 145,963,000 | |||||||||||||||||||
service agreement revenue | 5,941,000 | 6,080,000 | 6,939,000 | 5,304,000 | 6,432,000 | 6,547,000 | 6,816,000 | 6,473,000 | 6,514,000 | 6,651,000 | 6,620,000 | 6,429,000 | 6,359,000 | 6,512,000 | 6,260,000 | 6,437,000 | 6,478,000 | 5,994,000 | 6,067,000 | 5,902,000 | 6,079,000 | 6,379,000 | 6,310,000 | 6,446,000 | 6,662,000 | 6,873,000 | 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 | |||||||||||
total operating revenue | 1,011,911,000 | 951,023,000 | 1,066,739,000 | 1,060,097,000 | 989,399,000 | 924,090,000 | 999,886,000 | 990,438,000 | 880,701,000 | 817,667,000 | 858,938,000 | 839,870,000 | 752,465,000 | 700,635,000 | 741,236,000 | 726,143,000 | 672,110,000 | 635,931,000 | 687,839,000 | 680,030,000 | 630,177,000 | 609,252,000 | 653,481,000 | 657,019,000 | 616,737,000 | 596,740,000 | 638,742,000 | 647,710,000 | 594,106,000 | 576,468,000 | 612,126,000 | 621,458,000 | 572,160,000 | 401,402,000 | 442,492,000 | 448,564,000 | 399,316,000 | 379,613,000 | 418,406,000 | 423,884,000 | 374,728,000 | |||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of operations - policy issuance and renewal services | 645,028,000 | 595,281,000 | 642,124,000 | 648,280,000 | 627,750,000 | 554,793,000 | 613,007,000 | 594,202,000 | 550,322,000 | 497,855,000 | 523,349,000 | 521,246,000 | 469,095,000 | 443,592,000 | 466,111,000 | 461,468,000 | 424,471,000 | 408,747,000 | 430,326,000 | 437,775,000 | 400,549,000 | 385,994,000 | 409,546,000 | 413,865,000 | 379,492,000 | 377,335,000 | 390,105,000 | 405,005,000 | 365,504,000 | 354,016,000 | 375,259,000 | 379,628,000 | 348,630,000 | |||||||||||||||||||
cost of operations - administrative services | 200,096,000 | 198,028,000 | 215,694,000 | 212,644,000 | 210,273,000 | 201,987,000 | 206,754,000 | 206,028,000 | 191,567,000 | 192,728,000 | 187,118,000 | 184,466,000 | 172,827,000 | 175,613,000 | 168,653,000 | 160,675,000 | 163,327,000 | 165,350,000 | 162,410,000 | 157,190,000 | 153,533,000 | 158,206,000 | 147,710,000 | 151,965,000 | 151,554,000 | 150,705,000 | 142,730,000 | 146,095,000 | 142,480,000 | 147,694,000 | 140,172,000 | 146,507,000 | 145,963,000 | |||||||||||||||||||
total operating expenses | 845,124,000 | 793,309,000 | 857,818,000 | 860,924,000 | 838,023,000 | 756,780,000 | 819,761,000 | 800,230,000 | 741,889,000 | 690,583,000 | 710,467,000 | 705,712,000 | 641,922,000 | 619,205,000 | 634,764,000 | 622,143,000 | 587,798,000 | 574,097,000 | 592,736,000 | 594,965,000 | 554,082,000 | 544,200,000 | 557,256,000 | 565,830,000 | 531,046,000 | 528,040,000 | 532,835,000 | 551,100,000 | 507,984,000 | 501,710,000 | 515,431,000 | 526,135,000 | 494,593,000 | 343,444,000 | 361,656,000 | 365,520,000 | 332,782,000 | 322,928,000 | 336,151,000 | 338,125,000 | 307,063,000 | |||||||||||
operating income | 166,787,000 | 157,714,000 | 208,921,000 | 199,173,000 | 151,376,000 | 167,310,000 | 180,125,000 | 190,208,000 | 138,812,000 | 127,084,000 | 148,471,000 | 134,158,000 | 110,543,000 | 81,430,000 | 106,472,000 | 104,000,000 | 84,312,000 | 61,834,000 | 95,103,000 | 85,065,000 | 76,095,000 | 65,052,000 | 96,225,000 | 91,189,000 | 85,691,000 | 68,700,000 | 105,907,000 | 96,610,000 | 86,122,000 | 74,758,000 | 96,695,000 | 95,323,000 | 77,567,000 | 57,958,000 | 80,836,000 | 83,044,000 | ||||||||||||||||
yoy | 10.18% | -5.74% | 15.99% | 4.71% | 9.05% | 31.65% | 21.32% | 41.78% | 25.57% | 56.07% | 39.45% | 29.00% | 31.11% | 31.69% | 11.95% | 22.26% | 10.80% | -4.95% | -1.17% | -6.72% | -11.20% | -5.31% | -9.14% | -5.61% | -0.50% | -8.10% | 9.53% | 1.35% | 11.03% | 28.99% | 19.62% | 14.79% | ||||||||||||||||||||
qoq | 5.75% | -24.51% | 4.89% | 31.58% | -9.52% | -7.11% | -5.30% | 37.03% | 9.23% | -14.40% | 10.67% | 21.36% | 35.75% | -23.52% | 2.38% | 23.35% | 36.35% | -34.98% | 11.80% | 11.79% | 16.98% | -32.40% | 5.52% | 6.42% | 24.73% | -35.13% | 9.62% | 12.18% | 15.20% | -22.69% | 1.44% | 22.89% | 33.83% | -28.30% | -2.66% | |||||||||||||||||
operating margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
investment income | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net investment income | 23,560,000 | 24,826,000 | 21,033,000 | 20,030,000 | 19,948,000 | 20,920,000 | 17,322,000 | 16,010,000 | 15,903,000 | 14,212,000 | 14,642,000 | 13,535,000 | 2,183,000 | 3,979,000 | 5,834,000 | 8,268,000 | 10,504,000 | 12,572,000 | 18,858,000 | 13,650,000 | 17,097,000 | 6,981,000 | 7,030,000 | 7,373,000 | 8,369,000 | 8,200,000 | 8,652,000 | 8,030,000 | 8,517,000 | 8,626,000 | 7,659,000 | 7,104,000 | 6,820,000 | 6,424,000 | 5,970,000 | 6,236,000 | 5,978,000 | 5,663,000 | 5,331,000 | 4,891,000 | 4,662,000 | -342,209,000 | 120,000,000 | 127,000,000 | 113,000,000 | 111,000,000 | 115,000,000 | 111,000,000 | 109,000,000 | 106,000,000 | 109,000,000 | 104,000,000 |
net realized and unrealized investment gains | -765,000 | 24,000 | 1,331,000 | 479,000 | 502,000 | 246,000 | 2,925,000 | -1,795,000 | 1,853,000 | -3,453,000 | -6,230,000 | -10,324,000 | -7,279,000 | |||||||||||||||||||||||||||||||||||||||
net impairment losses recognized in earnings | -676,000 | -679,000 | -810,000 | -909,000 | -914,000 | -361,000 | -698,000 | -388,000 | -2,677,000 | -479,250 | -113,000 | -171,000 | -1,633,000 | -86,000 | -122,000 | -17,000 | -3,053,000 | -2,000 | -31,000 | -84,000 | -78,000 | -935,000 | -646,000 | -61,000 | -121,000 | -71,000 | -345,000 | 6,442,000 | -4,000,000 | -2,000,000 | -2,000,000 | -3,000,000 | -1,000,000 | -3,000,000 | -9,000,000 | -1,000,000 | ||||||||||||||||
total investment income | 22,119,000 | 24,171,000 | 21,554,000 | 19,600,000 | 19,536,000 | 20,805,000 | 19,549,000 | 13,827,000 | 15,079,000 | 9,771,000 | 12,302,000 | 11,627,000 | -4,732,000 | 288,000 | -571,000 | -2,094,000 | 3,009,000 | 12,328,000 | 20,598,000 | 16,418,000 | 17,988,000 | 14,071,000 | 16,438,000 | 11,553,000 | -9,195,000 | 6,914,000 | 13,606,000 | 9,652,000 | 9,795,000 | 4,995,000 | 8,431,000 | 6,207,000 | 6,163,000 | 7,121,000 | 8,406,000 | 6,448,000 | 6,586,000 | 13,539,000 | 4,326,000 | 7,404,000 | 2,559,000 | |||||||||||
other income | 1,420,000 | 464,000 | 2,286,000 | 1,974,000 | 3,834,000 | 3,693,000 | 1,168,000 | 3,292,000 | 3,411,000 | 3,069,000 | 3,001,000 | 3,305,000 | 3,337,000 | 243,000 | 562,000 | 337,000 | 473,000 | -190,000 | -964,000 | -258,000 | -366,000 | 60,000 | 100,000 | 48,000 | 47,000 | 3,485,000 | 54,000 | 58,000 | 44,000 | 5,750,000 | 7,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | ||||||||||||
income before income taxes | 190,326,000 | 82,349,000 | 232,761,000 | 220,747,000 | 174,746,000 | 191,808,000 | 200,842,000 | 207,327,000 | 157,302,000 | 139,924,000 | 163,774,000 | 149,090,000 | 109,148,000 | 81,961,000 | 106,348,000 | 101,348,000 | 86,795,000 | 69,827,000 | 114,126,000 | 99,896,000 | 92,555,000 | 78,210,000 | 111,696,000 | 102,482,000 | 76,127,000 | 75,650,000 | 119,502,000 | 106,038,000 | 95,515,000 | 82,642,000 | 104,471,000 | 100,986,000 | 83,221,000 | 64,641,000 | 88,865,000 | 89,235,000 | 72,954,000 | 70,123,000 | 86,581,000 | 93,163,000 | 70,224,000 | |||||||||||
income tax expense | 39,852,000 | 18,969,000 | 49,908,000 | 46,062,000 | 36,329,000 | 39,779,000 | 41,012,000 | 43,424,000 | 32,750,000 | 28,996,000 | 32,734,000 | 31,238,000 | 22,907,000 | 16,471,000 | 22,035,000 | 21,201,000 | 18,176,000 | 14,785,000 | 23,903,000 | 20,867,000 | 18,989,000 | 15,425,000 | 22,480,000 | 20,505,000 | 16,801,000 | 16,063,000 | 25,333,000 | 18,284,000 | 20,204,000 | 20,328,000 | 24,025,000 | 21,280,000 | 17,463,000 | 32,588,000 | 30,322,000 | 30,708,000 | 25,078,000 | 24,337,000 | 29,205,000 | 31,854,000 | 24,329,000 | |||||||||||
net income | 150,474,000 | 63,380,000 | 182,853,000 | 174,685,000 | 138,417,000 | 152,029,000 | 159,830,000 | 163,903,000 | 124,552,000 | 110,928,000 | 131,040,000 | 117,852,000 | 86,241,000 | 65,490,000 | 84,313,000 | 80,147,000 | 68,619,000 | 55,042,000 | 90,223,000 | 79,029,000 | 73,566,000 | 62,785,000 | 89,216,000 | 81,977,000 | 59,326,000 | 59,587,000 | 94,169,000 | 87,754,000 | 75,311,000 | 62,314,000 | 80,446,000 | 79,706,000 | 65,758,000 | 32,053,000 | 58,543,000 | 58,527,000 | 47,876,000 | 45,786,000 | 57,376,000 | 61,309,000 | 45,895,000 | -191,322,000 | 33,000,000 | 197,000,000 | 136,000,000 | 253,000,000 | 108,000,000 | 103,000,000 | 109,000,000 | 314,000,000 | 267,000,000 | 177,000,000 |
yoy | 8.71% | -58.31% | 14.40% | 6.58% | 11.13% | 37.05% | 21.97% | 39.08% | 44.42% | 69.38% | 55.42% | 47.04% | 25.68% | 18.98% | -6.55% | 1.41% | -6.72% | -12.33% | 1.13% | -3.60% | 24.00% | 5.37% | -5.26% | -6.58% | -21.23% | -4.38% | 17.06% | 10.10% | 14.53% | 94.41% | 37.41% | 36.19% | 37.35% | -29.99% | 2.03% | -4.54% | 4.32% | -123.93% | 73.87% | -68.88% | -66.25% | -175.62% | -69.44% | 91.26% | 24.77% | -19.43% | -59.55% | -41.81% | ||||
qoq | 137.42% | -65.34% | 4.68% | 26.20% | -8.95% | -4.88% | -2.49% | 31.59% | 12.28% | -15.35% | 11.19% | 36.65% | 31.69% | -22.33% | 5.20% | 16.80% | 24.67% | -38.99% | 14.16% | 7.43% | 17.17% | -29.63% | 8.83% | 38.18% | -0.44% | -36.72% | 7.31% | 16.52% | 20.86% | -22.54% | 0.93% | 21.21% | 105.15% | -45.25% | 0.03% | 22.25% | 4.56% | -20.20% | -6.42% | 33.59% | -123.99% | -679.76% | -83.25% | 44.85% | -46.25% | 134.26% | 4.85% | -5.50% | -65.29% | 17.60% | 50.85% | |
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -16.70% | 2.45% | 12.07% | 8.47% | 15.92% | 7.57% | 6.45% | 7.21% | 18.50% | 16.93% | 12.41% |
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock – basic | 3.23 | 1.36 | 3.93 | 3.75 | 2.97 | 3.26 | 3.43 | 3.52 | 2.67 | 2.38 | 2.81 | 2.53 | 1.85 | 1.41 | 1.81 | 1.72 | 1.47 | 1.19 | 1.94 | 1.7 | 1.58 | 1.35 | 1.92 | 1.76 | 1.27 | 1.28 | 2.02 | 1.88 | 1.62 | 1.34 | 1.73 | 1.71 | 1.41 | 0.69 | 1.26 | 1.26 | 1.03 | 0.99 | 1.23 | 1.32 | 0.99 | 0.65 | 1.06 | 1.21 | 0.83 | 0.54 | 1.01 | 1.05 | 0.99 | 0.75 | 0.98 | 0.95 |
class a common stock – diluted | 2.88 | 1.21 | 3.5 | 3.34 | 2.65 | 2.91 | 3.06 | 3.13 | 2.38 | 2.12 | 2.51 | 2.25 | 1.65 | 1.25 | 1.61 | 1.53 | 1.31 | 1.05 | 1.72 | 1.51 | 1.41 | 1.2 | 1.71 | 1.57 | 1.13 | 1.14 | 1.8 | 1.68 | 1.44 | 1.19 | 1.54 | 1.52 | 1.26 | 0.61 | 1.12 | 1.12 | 0.91 | 0.87 | 1.09 | 1.17 | 0.87 | 0.58 | 0.94 | 1.07 | 0.74 | 0.47 | 0.9 | 0.94 | 0.88 | 0.67 | 0.87 | 0.84 |
class b common stock – basic and diluted | 485 | 399.25 | 589 | 563 | 446 | 361 | 515 | 528 | 401 | 358 | 422 | 380 | 278 | 211 | 272 | 258 | 221 | 177 | 291 | 255 | 237 | 264 | 191 | 243 | 212 | 154 | 148 | 125 | 158 | 149 | 101.5 | 147 | 142 | |||||||||||||||||||
weighted-average shares outstanding – basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock | 46,188,850 | 12 | 46,189,068 | 46,189,063 | 46,188,903 | 6 | 46,189,059 | 46,189,042 | 46,189,014 | 19 | 46,189,037 | 46,189,026 | 46,188,819 | 38 | 46,189,025 | 46,188,845 | 46,188,761 | 77 | 46,189,035 | 46,188,289 | 46,188,860 | 115 | 46,189,030 | 46,187,808 | 46,188,789 | 69 | 46,189,006 | 46,188,994 | 46,188,337 | 115 | 46,188,941 | 46,188,705 | 46,187,908 | 722 | 46,188,949 | 46,180,852 | 46,188,522 | -19 | 46,188,980 | 46,188,867 | 46,189,068 | -2,397 | 46,189,068 | 46,189,068 | 46,189,068 | -19,818 | 46,189,068 | 46,214,153 | 46,402,270 | -47,320 | 46,656,911 | 46,693,333 |
class b common stock | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | 2,542 | |||||||||||||
weighted-average shares outstanding – diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized and unrealized investment losses | -2,311,500 | -2,227,000 | -1,737,000 | -5,282,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 115,000 | 895,000 | 999,000 | 1,050,000 | 1,034,000 | 1,039,000 | 1,009,000 | 723,000 | 3,000 | 2,000 | 3,000 | 24,000 | 111,000 | 272,000 | 449,000 | 596,000 | 709,000 | 602,000 | 553,000 | 438,000 | 377,000 | 257,000 | 166,000 | |||||||||||||||||||||||||||||
net impairment (losses) recoveries recognized in earnings | -238,000 | -175,000 | -38,000 | -216,000 | -1,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net realized investment gains | 1,295,750 | 1,610,000 | 2,769,000 | 804,000 | 4,757,000 | 5,915,000 | 6,526,000 | -10,806,000 | 602,000 | 1,696,000 | 1,302,000 | 2,503,000 | -1,513,000 | -32,000 | -465,000 | -205,000 | 899,000 | 124,000 | 516,000 | 643,000 | 718,000 | 399,000 | 243,492,000 | -292,000,000 | -7,000,000 | 56,000,000 | 89,000,000 | -85,000,000 | 133,000,000 | 56,000,000 | 270,000,000 | 191,000,000 | 61,000,000 | |||||||||||||||||||
net impairment recoveries (losses) recognized in earnings | -7,000 | 130,000 | 87,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other expense | 402,000 | 541,000 | 548,000 | 519,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of limited partnerships | -604,750 | 3,615,000 | -2,329,000 | -1,886,000 | 3,289,000 | 404,000 | -1,183,000 | 772,000 | -219,000 | -192,000 | 902,000 | 1,537,000 | 149,000 | 213,000 | 7,304,000 | -1,723,000 | 2,114,000 | -670,000 | -126,017,000 | 43,000,000 | 72,000,000 | 28,000,000 | 2,000,000 | 34,000,000 | 27,000,000 | 50,000,000 | 49,000,000 | 37,000,000 | 39,000,000 | |||||||||||||||||||||||
class b common stock – basic | 185.5 | 287 | 191 | 303 | 283 | 200 | 259 | 257 | 104 | 189 | 189 | 148 | 185 | 197 | 97 | 160 | 181 | 81 | 151 | |||||||||||||||||||||||||||||||||
class b common stock – diluted | 185.5 | 287 | 192 | 303 | 283 | 201 | 259 | 257 | 103 | 189 | 188 | 148 | 185 | 197 | 97 | 159 | 180 | 81 | 151 | |||||||||||||||||||||||||||||||||
equity in losses of limited partnerships | -3,705,000 | -1,147,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
management fee revenue | 394,034,000 | 435,214,000 | 441,319,000 | 392,058,000 | 372,169,000 | 411,139,000 | 416,665,000 | 367,458,000 | ||||||||||||||||||||||||||||||||||||||||||||
commissions | 226,943,000 | 248,677,000 | 251,383,000 | 220,478,000 | 216,837,000 | 232,455,000 | 235,794,000 | 208,714,000 | ||||||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | 59,168,000 | 60,499,000 | 60,774,000 | 59,740,000 | 51,777,000 | 53,265,000 | 55,025,000 | 53,289,000 | ||||||||||||||||||||||||||||||||||||||||||||
all other operating expenses | 57,333,000 | 52,480,000 | 53,363,000 | 52,564,000 | 54,314,000 | 50,431,000 | 47,306,000 | 45,060,000 | ||||||||||||||||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net revenue from operations | 66,534,000 | 56,685,000 | 82,255,000 | 85,759,000 | 67,665,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net realized investment losses | -1,088,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums earned | 1,077,000,000 | 1,472,000,000 | 1,434,000,000 | 1,402,000,000 | 1,382,000,000 | 1,355,000,000 | 1,319,000,000 | 1,288,000,000 | 1,267,000,000 | 1,241,000,000 | 1,215,000,000 | |||||||||||||||||||||||||||||||||||||||||
total revenues | 1,145,750,000 | 1,346,000,000 | 1,632,000,000 | 1,605,000,000 | 1,589,000,000 | 1,426,000,000 | 1,598,000,000 | 1,511,000,000 | 1,697,000,000 | 1,577,000,000 | 1,426,000,000 | |||||||||||||||||||||||||||||||||||||||||
yoy | -27.89% | -5.61% | 2.13% | 6.22% | -6.36% | -9.58% | 12.06% | |||||||||||||||||||||||||||||||||||||||||||||
qoq | -14.88% | -17.52% | 1.68% | 1.01% | 11.43% | -10.76% | 5.76% | -10.96% | 7.61% | 10.59% | ||||||||||||||||||||||||||||||||||||||||||
benefits and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance losses and loss expenses | 743,750,000 | 939,000,000 | 976,000,000 | 1,060,000,000 | 863,000,000 | 935,000,000 | 1,126,000,000 | 1,034,000,000 | 896,000,000 | 868,000,000 | 861,000,000 | |||||||||||||||||||||||||||||||||||||||||
policy acquisition and underwriting expenses | 269,000,000 | 367,000,000 | 361,000,000 | 348,000,000 | 349,000,000 | 341,000,000 | 325,000,000 | 321,000,000 | 331,000,000 | 311,000,000 | 302,000,000 | |||||||||||||||||||||||||||||||||||||||||
total benefits and expenses | 1,012,750,000 | 1,306,000,000 | 1,337,000,000 | 1,408,000,000 | 1,212,000,000 | 1,276,000,000 | 1,451,000,000 | 1,355,000,000 | 1,227,000,000 | 1,179,000,000 | 1,163,000,000 | |||||||||||||||||||||||||||||||||||||||||
income from operations before income taxes and noncontrolling interest | 133,000,000 | 40,000,000 | 295,000,000 | 197,000,000 | 377,000,000 | 150,000,000 | 147,000,000 | 156,000,000 | 470,000,000 | 398,000,000 | 263,000,000 | |||||||||||||||||||||||||||||||||||||||||
provision for income taxes | 41,500,000 | 7,000,000 | 98,000,000 | 61,000,000 | 33,250,000 | 42,000,000 | 47,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interest in consolidated entity – exchange | 55,250,000 | -17,000,000 | 141,000,000 | 97,000,000 | 227,000,000 | 61,000,000 | 54,000,000 | 63,000,000 | 278,000,000 | 221,000,000 | 133,000,000 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to indemnity | 36,250,000 | 50,000,000 | 56,000,000 | 39,000,000 | 26,000,000 | 47,000,000 | 49,000,000 | 46,000,000 | 36,000,000 | 46,000,000 | 44,000,000 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to indemnity per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding attributable to indemnity – basic | ||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding attributable to indemnity – diluted | ||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 44,000,000 | 156,000,000 | 131,000,000 | 86,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2013-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 268,616,000 | 345,874,000 | 568,551,000 | 358,027,000 | 260,379,000 | 298,397,000 | 221,213,000 | 170,634,000 | 144,872,000 | 144,055,000 | 102,873,000 | 142,996,000 | 122,376,000 | 142,090,000 | 97,664,000 | 90,324,000 | 141,305,000 | 183,702,000 | 235,996,000 | 156,038,000 | 135,192,000 | 161,240,000 | 216,355,000 | 257,738,000 | 228,646,000 | 336,739,000 | 344,872,000 | 338,262,000 | 312,045,000 | 266,417,000 | 244,688,000 | 198,412,000 | 119,627,000 | 215,721,000 | 184,628,000 | 144,709,000 | 110,418,000 | 189,072,000 | 139,813,000 | 124,111,000 | 105,282,000 | 182,889,000 | 618,000,000 | 421,000,000 | 420,000,000 | 514,000,000 | 379,000,000 | 300,000,000 | 379,000,000 | 452,000,000 | 535,000,000 | 365,000,000 |
available-for-sale securities | 53,995,000 | 33,902,000 | 59,833,000 | 59,162,000 | 52,976,000 | 44,604,000 | 48,575,000 | 47,734,000 | 76,693,000 | 82,017,000 | 69,822,000 | 63,510,000 | 57,470,000 | 24,267,000 | 25,750,000 | 57,150,000 | 46,155,000 | 38,396,000 | 30,627,000 | 20,856,000 | 16,847,000 | 17,697,000 | 13,429,000 | 27,409,000 | 34,818,000 | 32,810,000 | 32,984,000 | 61,210,000 | 139,994,000 | 402,339,000 | 105,031,000 | 107,369,000 | 96,574,000 | 71,190,000 | 65,318,000 | 72,057,000 | 77,412,000 | 56,138,000 | 52,108,000 | 46,087,000 | 54,285,000 | 62,067,000 | ||||||||||
available-for-sale securities lent | 870,000 | 3,436,000 | 4,318,000 | 7,285,000 | 8,135,000 | 6,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||
receivables from erie insurance exchange and affiliates | 743,236,000 | 735,589,000 | 780,473,000 | 769,148,000 | 719,898,000 | 707,060,000 | 736,973,000 | 708,171,000 | 641,691,000 | 625,338,000 | 620,683,000 | 591,008,000 | 533,306,000 | 524,937,000 | 544,353,000 | 538,283,000 | 478,754,000 | 479,123,000 | 503,413,000 | 504,013,000 | 481,481,000 | 494,637,000 | 501,192,000 | 506,690,000 | 482,238,000 | 468,636,000 | 497,985,000 | 483,319,000 | 456,135,000 | 449,873,000 | 463,620,000 | 445,211,000 | 415,343,000 | 418,328,000 | 428,500,000 | 411,422,000 | 392,319,000 | 378,540,000 | 399,975,000 | 387,273,000 | 352,451,000 | 348,055,000 | ||||||||||
prepaid expenses and other current assets | 79,713,000 | 66,061,000 | 73,779,000 | 71,133,000 | 78,387,000 | 83,902,000 | 80,141,000 | 83,529,000 | 69,050,000 | 69,321,000 | 71,480,000 | 66,399,000 | 62,738,000 | 79,201,000 | 49,360,000 | 50,508,000 | 78,877,000 | 56,206,000 | 55,003,000 | 59,574,000 | 62,401,000 | 49,897,000 | 52,008,000 | 60,668,000 | 58,715,000 | 44,943,000 | 47,712,000 | 42,300,000 | 49,997,000 | 36,892,000 | 44,014,000 | 45,426,000 | 43,061,000 | 34,890,000 | 35,797,000 | 36,023,000 | 39,065,000 | 30,169,000 | 29,593,000 | 33,885,000 | 37,164,000 | 24,697,000 | ||||||||||
accrued investment income | 14,469,000 | 14,311,000 | 10,937,000 | 11,998,000 | 10,849,000 | 11,069,000 | 10,456,000 | 10,204,000 | 9,465,000 | 9,458,000 | 8,968,000 | 8,890,000 | 8,191,000 | 8,301,000 | 7,352,000 | 6,839,000 | 6,255,000 | 6,303,000 | 6,104,000 | 6,121,000 | 5,860,000 | 6,146,000 | 5,973,000 | 5,317,000 | 5,657,000 | 5,433,000 | 5,267,000 | 4,365,000 | 4,220,000 | 5,263,000 | 6,504,000 | 6,647,000 | 6,425,000 | 6,853,000 | 6,435,000 | 6,874,000 | 6,504,000 | 6,337,000 | 6,261,000 | 5,816,000 | 5,832,000 | 5,491,000 | ||||||||||
total current assets | 1,160,899,000 | 1,199,173,000 | 1,497,891,000 | 1,269,468,000 | 1,122,489,000 | 1,145,032,000 | 1,097,358,000 | 1,020,272,000 | 941,771,000 | 930,189,000 | 873,826,000 | 872,803,000 | 784,081,000 | 778,796,000 | 724,479,000 | 743,104,000 | 751,346,000 | 763,730,000 | 831,153,000 | 746,809,000 | 701,927,000 | 732,300,000 | 792,922,000 | 859,238,000 | 810,074,000 | 891,404,000 | 934,895,000 | 937,247,000 | 962,391,000 | 1,168,946,000 | 888,857,000 | 828,065,000 | 720,746,000 | 801,882,000 | 720,678,000 | 671,085,000 | 625,718,000 | 665,516,000 | 627,750,000 | 597,668,000 | 557,969,000 | 635,146,000 | ||||||||||
equity securities | 67,889,000 | 70,624,000 | 54,378,000 | 68,095,000 | 81,814,000 | 85,891,000 | 85,346,000 | 80,128,000 | 86,578,000 | 84,253,000 | 79,516,000 | 77,220,000 | 72,963,000 | 72,560,000 | 68,969,000 | 71,448,000 | 78,069,000 | 87,743,000 | 10,000 | 207,000 | 146,000 | 19,000 | 94,435,000 | 1,416,000 | 58,014,000 | 2,381,000 | 55,052,000 | 12,445,000 | 12,410,000 | 11,853,000 | 12,511,000 | 12,488,000 | 12,583,000 | 20,000,000 | 22,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 26,000,000 | 35,000,000 | 50,000,000 | 48,000,000 | 48,000,000 | |||||||||
available-for-sale and equity securities lent | 54,417,000 | 61,063,000 | 51,836,000 | 35,535,000 | 12,289,000 | |||||||||||||||||||||||||||||||||||||||||||||||
fixed assets | 579,649,000 | 571,476,000 | 557,607,000 | 519,834,000 | 513,088,000 | 513,494,000 | 480,707,000 | 469,145,000 | 461,914,000 | 442,610,000 | 434,975,000 | 422,903,000 | 417,339,000 | 413,874,000 | 408,750,000 | 402,475,000 | 396,072,000 | 374,802,000 | 277,939,000 | 280,402,000 | 282,268,000 | 265,341,000 | 254,908,000 | 246,572,000 | 238,296,000 | 221,379,000 | 194,170,000 | 173,055,000 | 144,652,000 | 130,832,000 | 121,684,000 | 94,651,000 | 88,448,000 | 83,149,000 | 75,370,000 | 71,119,000 | 68,685,000 | 69,142,000 | 58,311,000 | 58,986,000 | 58,918,000 | 59,087,000 | ||||||||||
agent loans | 102,436,000 | 93,953,000 | 94,740,000 | 85,027,000 | 85,723,000 | 80,597,000 | 79,829,000 | 56,813,000 | 57,470,000 | 58,434,000 | 59,544,000 | 60,367,000 | 59,315,000 | 60,537,000 | 60,673,000 | 61,865,000 | 61,579,000 | 58,683,000 | 59,462,000 | 60,070,000 | 59,916,000 | 62,449,000 | 58,339,000 | 58,602,000 | 59,877,000 | |||||||||||||||||||||||||||
defined benefit pension plan | 66,617,000 | 24,137,000 | 51,819,000 | 54,650,000 | 57,480,000 | 21,311,000 | 64,172,000 | 65,221,000 | 66,270,000 | 34,320,000 | 65,163,000 | |||||||||||||||||||||||||||||||||||||||||
other assets | 48,617,000 | 48,489,000 | 45,897,000 | 47,021,000 | 47,805,000 | 43,278,000 | 48,318,000 | 47,731,000 | 48,839,000 | 42,934,000 | 36,110,000 | 34,776,000 | 32,075,000 | 43,295,000 | 45,085,000 | 48,262,000 | 49,804,000 | 49,265,000 | 57,704,000 | 48,652,000 | 44,273,000 | 40,081,000 | 32,489,000 | 32,702,000 | 32,624,000 | 96,853,000 | 95,138,000 | 89,568,000 | 92,860,000 | 61,590,000 | 62,539,000 | 47,834,000 | 45,300,000 | 28,793,000 | 29,424,000 | 22,355,000 | 21,224,000 | 20,096,000 | 19,577,000 | 18,892,000 | 19,647,000 | 20,968,000 | 561,000,000 | 542,000,000 | 528,000,000 | 501,000,000 | 480,000,000 | 517,000,000 | 485,000,000 | 451,000,000 | 436,000,000 | 451,000,000 |
total assets | 3,376,678,000 | 3,355,481,000 | 3,324,328,000 | 3,128,214,000 | 2,968,228,000 | 2,888,614,000 | 2,864,147,000 | 2,691,960,000 | 2,555,794,000 | 2,471,964,000 | 2,394,549,000 | 2,325,511,000 | 2,223,969,000 | 2,239,456,000 | 2,177,752,000 | 2,180,222,000 | 2,223,853,000 | 2,242,057,000 | 2,236,558,000 | 2,163,644,000 | 2,099,098,000 | 2,117,122,000 | 2,159,342,000 | 2,082,861,000 | 1,957,493,000 | 2,016,240,000 | 1,974,580,000 | 1,889,647,000 | 1,799,456,000 | 1,778,327,000 | 1,759,503,000 | 1,652,275,000 | 1,573,476,000 | 1,665,859,000 | 1,631,429,000 | 1,567,225,000 | 1,490,036,000 | 1,548,955,000 | 1,485,015,000 | 1,414,826,000 | 1,340,624,000 | 1,407,296,000 | 18,115,000,000 | 18,069,000,000 | 17,993,000,000 | 17,758,000,000 | 17,578,000,000 | 17,460,000,000 | 16,931,000,000 | 16,676,000,000 | 16,384,000,000 | 15,879,000,000 |
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions payable | 440,465,000 | 425,320,000 | 425,310,000 | 446,424,000 | 429,380,000 | 408,309,000 | 426,341,000 | 413,205,000 | 384,613,000 | 353,709,000 | 357,614,000 | 347,795,000 | 322,910,000 | 300,028,000 | 310,225,000 | 305,984,000 | 287,989,000 | 270,746,000 | 280,540,000 | 284,234,000 | 272,670,000 | 262,338,000 | 275,594,000 | 282,436,000 | 270,328,000 | 262,963,000 | 272,932,000 | 267,403,000 | 253,002,000 | 241,573,000 | 257,015,000 | 253,328,000 | 240,848,000 | 228,124,000 | 236,056,000 | 232,905,000 | 219,256,000 | 210,559,000 | 218,267,000 | 217,203,000 | 202,816,000 | 195,542,000 | ||||||||||
agent incentive compensation | 58,393,000 | 132,560,000 | 99,717,000 | 70,101,000 | 42,190,000 | 75,458,000 | 60,073,000 | 44,870,000 | 26,968,000 | 68,077,000 | ||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 229,421,000 | 200,701,000 | 199,995,000 | 193,032,000 | 210,708,000 | 190,028,000 | 194,649,000 | 198,689,000 | 213,062,000 | 175,622,000 | 165,797,000 | 164,718,000 | 168,142,000 | 165,915,000 | 149,020,000 | 141,861,000 | 186,386,000 | 138,317,000 | 148,282,000 | 150,346,000 | 168,127,000 | 150,706,000 | 148,075,000 | 137,745,000 | 130,035,000 | 134,957,000 | 131,453,000 | 124,794,000 | 123,179,000 | 111,291,000 | 113,204,000 | 97,139,000 | 95,789,000 | 104,533,000 | 99,331,000 | 86,844,000 | 81,551,000 | 88,153,000 | 94,504,000 | 90,856,000 | 79,333,000 | |||||||||||
dividends payable | 68,109,000 | 68,109,000 | 63,569,000 | 63,569,000 | 63,569,000 | 63,569,000 | 59,377,000 | 59,377,000 | 59,377,000 | 59,377,000 | 55,419,000 | 55,419,000 | 55,419,000 | 55,419,000 | 51,693,000 | 51,693,000 | 51,693,000 | 51,693,000 | 48,200,000 | 48,200,000 | 48,200,000 | 48,200,000 | 44,940,000 | 44,940,000 | 44,940,000 | 44,940,000 | 41,913,000 | 41,913,000 | 41,913,000 | 41,910,000 | 39,119,000 | 39,119,000 | 39,119,000 | 39,116,000 | 36,441,000 | 36,441,000 | 36,441,000 | 36,441,000 | 33,996,000 | 33,996,000 | 33,996,000 | 33,996,000 | ||||||||||
contract liability | 47,432,000 | 47,561,000 | 47,949,000 | 46,213,000 | 44,102,000 | 42,761,000 | 42,754,000 | 41,570,000 | 40,555,000 | 41,210,000 | 40,831,000 | 39,046,000 | 37,187,000 | 36,547,000 | 36,786,000 | 35,836,000 | 34,872,000 | 34,935,000 | 35,853,000 | 35,742,000 | 35,799,000 | 36,917,000 | 37,420,000 | 36,625,000 | 35,810,000 | 35,938,000 | 36,318,000 | 35,374,000 | 34,116,000 | 33,854,000 | 34,086,000 | 33,137,000 | 31,951,000 | |||||||||||||||||||
deferred executive compensation | 6,466,000 | 9,400,000 | 6,700,000 | 7,181,000 | 9,636,000 | 14,874,000 | 15,836,000 | 8,216,000 | 2,941,000 | 10,982,000 | 11,000,000 | 7,672,000 | 7,345,000 | 12,036,000 | 8,859,000 | 6,045,000 | 6,752,000 | 12,637,000 | 10,757,000 | 8,581,000 | 13,825,000 | 17,319,000 | 12,701,000 | 9,674,000 | 10,910,000 | 10,882,000 | 10,328,000 | 12,605,000 | 10,346,000 | 13,107,000 | 11,071,000 | 8,801,000 | 9,710,000 | 15,605,000 | 12,794,000 | 9,898,000 | 14,613,000 | 19,675,000 | 16,873,000 | 13,252,000 | 15,132,000 | 20,877,000 | ||||||||||
securities lending payable | 49,621,000 | 61,936,000 | 54,325,000 | 35,159,000 | 12,706,000 | 7,513,000 | 7,905,000 | 6,345,000 | ||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 899,907,000 | 945,587,000 | 897,565,000 | 861,679,000 | 812,291,000 | 802,512,000 | 806,935,000 | 772,272,000 | 727,516,000 | 708,977,000 | 680,913,000 | 652,093,000 | 611,568,000 | 665,111,000 | 634,192,000 | 636,565,000 | 601,331,000 | 630,863,000 | 614,263,000 | 591,861,000 | 571,440,000 | 627,669,000 | 606,460,000 | 589,123,000 | 541,724,000 | 587,712,000 | 568,824,000 | 535,360,000 | 502,522,000 | 547,067,000 | 544,508,000 | 497,864,000 | 447,649,000 | 509,906,000 | 483,401,000 | 431,021,000 | 404,221,000 | 469,600,000 | 453,258,000 | 415,502,000 | 371,758,000 | 445,699,000 | ||||||||||
deferred income taxes | 19,982,000 | 24,788,000 | 19,776,000 | 476,000 | 3,704,000 | 6,418,000 | 12,777,000 | 5,192,000 | 6,593,000 | 11,481,000 | 11,045,000 | 15,647,000 | 16,081,000 | 14,075,000 | 20,859,000 | 20,491,000 | 9,818,000 | 145,000 | 17,153,000 | 17,971,000 | 16,454,000 | 12,341,000 | 21,618,000 | 18,895,000 | 19,281,000 | 17,186,000 | 15,505,000 | 19,090,000 | 22,180,000 | 24,101,000 | 37,660,000 | 31,527,000 | 29,055,000 | 19,390,000 | 47,558,000 | 51,811,000 | 52,495,000 | 53,889,000 | 36,161,000 | 35,780,000 | 35,250,000 | 40,686,000 | 283,000,000 | 413,000,000 | 494,000,000 | 490,000,000 | 465,000,000 | 557,000,000 | 492,000,000 | 450,000,000 | 368,000,000 | 312,000,000 |
other long-term liabilities | 22,286,000 | 22,998,000 | 22,885,000 | 13,629,000 | 14,038,000 | 23,465,000 | 23,493,000 | 22,106,000 | 28,497,000 | 21,565,000 | 24,758,000 | 25,353,000 | 25,055,000 | 29,019,000 | 26,294,000 | 27,234,000 | 26,600,000 | 14,342,000 | 17,783,000 | 17,867,000 | 17,062,000 | 9,444,000 | 11,495,000 | 14,895,000 | 19,433,000 | 21,605,000 | 22,396,000 | 32,761,000 | 27,754,000 | 11,914,000 | 9,828,000 | 422,000 | 1,029,000 | 1,476,000 | 1,509,000 | 1,004,000 | 2,972,000 | 1,863,000 | 1,763,000 | 140,000 | 1,500,000 | 1,580,000 | ||||||||||
total liabilities | 1,023,157,000 | 1,072,107,000 | 1,015,450,000 | 943,669,000 | 900,877,000 | 901,356,000 | 916,192,000 | 863,147,000 | 829,614,000 | 809,129,000 | 782,660,000 | 780,599,000 | 737,002,000 | 791,048,000 | 821,173,000 | 840,816,000 | 889,653,000 | 899,579,000 | 949,702,000 | 918,542,000 | 890,965,000 | 929,074,000 | 912,125,000 | 888,722,000 | 840,501,000 | 882,987,000 | 855,309,000 | 826,193,000 | 785,652,000 | 804,655,000 | 838,480,000 | 772,087,000 | 733,321,000 | 808,515,000 | 756,279,000 | 714,011,000 | 660,178,000 | 732,045,000 | 646,086,000 | 599,632,000 | 555,757,000 | 637,793,000 | 9,990,000,000 | 9,907,000,000 | 9,856,000,000 | 9,775,000,000 | 9,742,000,000 | 9,639,000,000 | 9,241,000,000 | 9,126,000,000 | 9,185,000,000 | 8,911,000,000 |
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 1,992,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 |
class b common stock | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | 178,000 | ||||||||||
additional paid-in-capital | 16,500,000 | 16,492,000 | 16,494,000 | 16,494,000 | 16,494,000 | 16,466,000 | 16,466,000 | 16,466,000 | 16,466,000 | 16,466,000 | 16,466,000 | 16,466,000 | 16,466,000 | 16,481,000 | 16,481,000 | 16,481,000 | 16,481,000 | 16,496,000 | 16,496,000 | 16,496,000 | 16,496,000 | 16,487,000 | 16,487,000 | 16,487,000 | 16,487,000 | 16,483,000 | 16,483,000 | 16,483,000 | 16,483,000 | 16,459,000 | 16,459,000 | 16,459,000 | 16,461,000 | 16,470,000 | 16,470,000 | 16,470,000 | 16,292,000 | 16,300,000 | 16,300,000 | 16,300,000 | 16,311,000 | 16,311,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 | 16,000,000 |
accumulated other comprehensive loss | -64,247,000 | -52,021,000 | -31,247,000 | -36,296,000 | -42,374,000 | -47,591,000 | -17,123,000 | -15,230,000 | -13,400,000 | -12,794,000 | -4,150,000 | -7,414,000 | -89,172,000 | -73,725,000 | -50,477,000 | -25,288,000 | -77,562,000 | -77,293,000 | -83,432,000 | -78,143,000 | -97,531,000 | -106,333,000 | -146,444,000 | -116,868,000 | -116,203,000 | -119,764,000 | -123,574,000 | -130,284,000 | -162,529,000 | -162,037,000 | -161,486,000 | -156,059,000 | -118,935,000 | -118,768,000 | -119,860,000 | -121,381,000 | -90,018,000 | -90,373,000 | -93,399,000 | -96,864,000 | -121,000,000 | -120,000,000 | -118,000,000 | -118,000,000 | -56,000,000 | -55,000,000 | -56,000,000 | -59,000,000 | -140,000,000 | -138,000,000 | ||
retained earnings | 3,545,188,000 | 3,462,823,000 | 3,467,551,000 | 3,348,267,000 | 3,237,151,000 | 3,162,303,000 | 3,073,843,000 | 2,973,390,000 | 2,868,864,000 | 2,803,689,000 | 2,752,137,000 | 2,676,516,000 | 2,614,083,000 | 2,583,261,000 | 2,573,190,000 | 2,540,570,000 | 2,512,116,000 | 2,495,190,000 | 2,491,842,000 | 2,449,819,000 | 2,418,989,000 | 2,393,624,000 | 2,472,181,000 | 2,427,905,000 | 2,390,869,000 | 2,377,558,000 | 2,362,911,000 | 2,310,655,000 | 2,264,815,000 | 2,231,417,000 | 2,211,013,000 | 2,169,686,000 | 2,129,100,000 | 2,140,853,000 | 2,121,535,000 | 2,099,432,000 | 2,077,346,000 | 2,065,911,000 | 2,056,567,000 | 2,033,187,000 | 2,005,875,000 | 1,993,976,000 | 1,999,000,000 | 1,980,000,000 | 1,956,000,000 | 1,949,000,000 | 1,955,000,000 | 1,938,000,000 | 1,918,000,000 | 1,902,000,000 | 1,896,000,000 | 1,878,000,000 |
total contributed capital and retained earnings | 3,499,611,000 | 3,429,464,000 | 3,454,968,000 | 3,330,635,000 | 3,213,441,000 | 3,133,348,000 | 3,094,045,000 | 2,974,903,000 | 2,872,270,000 | 2,808,925,000 | 2,757,979,000 | 2,691,002,000 | 2,633,057,000 | 2,594,498,000 | 2,502,669,000 | 2,485,496,000 | 2,480,290,000 | 2,488,568,000 | 2,432,946,000 | 2,391,192,000 | 2,354,223,000 | 2,334,138,000 | 2,393,307,000 | 2,340,229,000 | 2,263,082,000 | 2,279,343,000 | 2,265,361,000 | 2,209,544,000 | 2,159,894,000 | 2,119,762,000 | 2,067,113,000 | 2,026,278,000 | 1,986,245,000 | 2,003,434,000 | 2,021,240,000 | 1,999,304,000 | 1,975,948,000 | 1,963,000,000 | 1,985,019,000 | 1,961,284,000 | 1,930,957,000 | 1,915,593,000 | 1,896,000,000 | 1,878,000,000 | 1,856,000,000 | 1,849,000,000 | 1,917,000,000 | 1,901,000,000 | 1,880,000,000 | 1,861,000,000 | 1,774,000,000 | 1,758,000,000 |
treasury stock | -1,171,160,000 | -1,171,014,000 | -1,170,699,000 | -1,170,332,000 | -1,169,536,000 | -1,169,074,000 | -1,168,719,000 | -1,168,297,000 | -1,169,317,000 | -1,169,165,000 | -1,168,761,000 | -1,168,380,000 | -1,169,355,000 | -1,168,949,000 | -1,168,482,000 | -1,169,140,000 | -1,168,332,000 | -1,167,828,000 | -1,167,490,000 | -1,167,211,000 | -1,163,640,000 | -1,163,670,000 | -1,162,917,000 | -1,162,546,000 | -1,159,682,000 | -1,158,910,000 | -1,158,620,000 | -1,158,300,000 | -1,158,779,000 | -1,157,625,000 | -1,157,310,000 | -1,156,999,000 | -1,157,331,000 | -1,155,668,000 | -1,155,396,000 | -1,155,114,000 | -1,156,162,000 | -1,155,846,000 | -1,155,571,000 | -1,155,301,000 | -1,155,108,000 | -1,155,108,000 | -1,146,000,000 | -1,146,000,000 | -1,146,000,000 | -1,146,000,000 | -1,146,000,000 | -1,146,000,000 | -1,138,000,000 | -1,127,000,000 | -1,117,000,000 | -1,111,000,000 |
deferred compensation | 25,070,000 | 24,924,000 | 24,609,000 | 24,242,000 | 23,446,000 | 22,984,000 | 22,629,000 | 22,207,000 | 23,227,000 | 23,075,000 | 22,671,000 | 22,290,000 | 23,265,000 | 22,859,000 | 22,392,000 | 23,050,000 | 22,242,000 | 21,738,000 | 21,400,000 | 21,121,000 | 17,550,000 | 17,580,000 | 16,827,000 | 16,456,000 | 13,592,000 | 12,820,000 | 12,530,000 | 12,210,000 | 12,689,000 | 11,535,000 | 11,220,000 | 10,909,000 | 11,241,000 | 9,578,000 | 9,306,000 | 9,024,000 | 10,072,000 | 9,756,000 | 9,481,000 | 9,211,000 | 9,018,000 | 9,018,000 | ||||||||||
total shareholders’ equity | 2,353,521,000 | 2,308,878,000 | 2,184,545,000 | 2,067,351,000 | 1,947,955,000 | 1,828,813,000 | 1,726,180,000 | 1,611,889,000 | 1,544,912,000 | 1,486,967,000 | 1,356,579,000 | 1,339,406,000 | 1,334,200,000 | 1,286,856,000 | 1,245,102,000 | 1,208,133,000 | 1,247,217,000 | 1,194,139,000 | 1,116,992,000 | 1,119,271,000 | 1,063,454,000 | 1,013,804,000 | 921,023,000 | 880,188,000 | 840,155,000 | 875,150,000 | 853,214,000 | 829,858,000 | 816,910,000 | 838,929,000 | 815,194,000 | 784,867,000 | 769,503,000 | |||||||||||||||||||
total liabilities and shareholders’ equity | 3,376,678,000 | 3,324,328,000 | 3,128,214,000 | 2,968,228,000 | 2,864,147,000 | 2,691,960,000 | 2,555,794,000 | 2,394,549,000 | 2,325,511,000 | 2,223,969,000 | 2,177,752,000 | 2,180,222,000 | 2,223,853,000 | 2,236,558,000 | 2,163,644,000 | 2,099,098,000 | 2,159,342,000 | 2,082,861,000 | 1,957,493,000 | 1,974,580,000 | 1,889,647,000 | 1,799,456,000 | 1,759,503,000 | 1,652,275,000 | 1,573,476,000 | 1,631,429,000 | 1,567,225,000 | 1,490,036,000 | 1,548,955,000 | 1,485,015,000 | 1,414,826,000 | 1,340,624,000 | 1,407,296,000 | |||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 2,283,374,000 | 1,987,258,000 | 1,662,835,000 | 1,448,408,000 | 1,342,478,000 | 1,188,048,000 | 1,133,253,000 | 973,672,000 | 857,344,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 3,355,481,000 | 2,888,614,000 | 2,471,964,000 | 2,239,456,000 | 2,242,057,000 | 2,117,122,000 | 2,016,240,000 | 1,778,327,000 | 1,665,859,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 1,566,000 | 338,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit pension plans | 26,260,000 | 27,744,000 | 55,075,000 | 53,522,000 | 51,224,000 | 131,222,000 | 148,078,000 | 139,231,000 | 130,383,000 | 192,808,000 | 184,111,000 | 174,228,000 | 164,346,000 | 169,358,000 | 161,458,000 | 153,558,000 | 145,659,000 | 136,078,000 | 129,674,000 | 123,270,000 | 116,866,000 | 154,736,000 | 145,667,000 | 176,598,000 | 207,530,000 | 208,528,000 | 219,972,000 | 211,415,000 | 221,827,000 | 178,257,000 | 170,619,000 | 162,981,000 | 172,700,000 | |||||||||||||||||||
agent bonuses | 50,252,000 | 37,443,000 | 20,565,000 | 95,166,000 | 77,609,000 | 55,146,000 | 31,507,000 | 120,437,000 | 88,556,000 | 62,694,000 | 30,766,000 | 110,158,000 | 85,709,000 | 60,264,000 | 29,661,000 | 96,053,000 | 73,921,000 | 51,357,000 | 26,129,000 | 103,462,000 | 79,308,000 | 56,482,000 | 30,232,000 | 122,528,000 | 93,448,000 | 62,845,000 | 32,882,000 | 114,772,000 | 84,805,000 | 58,235,000 | 31,940,000 | 106,752,000 | ||||||||||||||||||||
current portion of long-term borrowings | 2,132,000 | 2,098,000 | 2,075,000 | 2,064,000 | 2,053,000 | 2,031,000 | 2,021,000 | 1,998,000 | 2,000,000 | 1,979,000 | 1,959,000 | 1,914,000 | 1,891,000 | 1,870,000 | 1,395,000 | 925,000 | ||||||||||||||||||||||||||||||||||||
long-term borrowings | 91,177,000 | 91,734,000 | 92,273,000 | 92,795,000 | 93,311,000 | 93,833,000 | 94,337,000 | 94,849,000 | 95,342,000 | 95,842,000 | 96,346,000 | 96,860,000 | 97,382,000 | 97,860,000 | 98,332,000 | 98,800,000 | 74,726,000 | 74,728,000 | 49,734,000 | 49,742,000 | 24,753,000 | 24,766,000 | ||||||||||||||||||||||||||||||
short-term borrowings | 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
federal income taxes recoverable | 2,664,000 | 3,965,000 | 462,000 | 6,075,000 | 7,791,000 | 8,162,000 | 14,716,000 | 29,900,000 | 5,260,000 | 11,947,000 | ||||||||||||||||||||||||||||||||||||||||||
limited partnership investments | 10,006,000 | 15,463,000 | 22,492,000 | 26,775,000 | 32,171,000 | 30,344,000 | 30,038,000 | 34,821,000 | 37,088,000 | 39,651,000 | 44,114,000 | 45,122,000 | 49,451,000 | 53,230,000 | 54,457,000 | 58,159,000 | 65,949,000 | 70,952,000 | 82,912,000 | 88,535,000 | ||||||||||||||||||||||||||||||||
federal income taxes payable | 15,441,000 | 18,040,000 | 11,946,000 | 9,310,000 | 8,933,000 | 5,331,000 | 2,088,000 | 19,478,000 | 4,813,000 | 1,960,000 | 8,541,000 | |||||||||||||||||||||||||||||||||||||||||
note receivable from erie family life insurance company | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||||||||||||
employee benefit obligations | 69,000 | 194,000 | 313,000 | 423,000 | 330,000 | 462,000 | 605,000 | 756,000 | 751,000 | 910,000 | 1,072,000 | 1,234,000 | ||||||||||||||||||||||||||||||||||||||||
trading securities | 496,000 | 2,955,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and other current liabilities | 42,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 46,526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investments – indemnity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities, at fair value: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
fixed maturities | 588,000,000 | 561,000,000 | 556,000,000 | 564,000,000 | 563,000,000 | 497,000,000 | 502,000,000 | 526,000,000 | 499,000,000 | 438,000,000 | ||||||||||||||||||||||||||||||||||||||||||
limited partnerships | 95,000,000 | 101,000,000 | 100,000,000 | 113,000,000 | 134,000,000 | 141,000,000 | 145,000,000 | 146,000,000 | 158,000,000 | 166,000,000 | ||||||||||||||||||||||||||||||||||||||||||
other invested assets | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||
investments – exchange | ||||||||||||||||||||||||||||||||||||||||||||||||||||
trading securities, at fair value | 2,981,000,000 | 3,144,000,000 | 3,096,000,000 | 3,223,000,000 | 3,125,000,000 | 3,377,000,000 | 3,253,000,000 | 3,202,000,000 | 2,945,000,000 | 2,724,000,000 | ||||||||||||||||||||||||||||||||||||||||||
total investments | 14,650,000,000 | 14,881,000,000 | 14,950,000,000 | 14,669,000,000 | 14,626,000,000 | 14,608,000,000 | 14,140,000,000 | 13,866,000,000 | 13,420,000,000 | 13,102,000,000 | ||||||||||||||||||||||||||||||||||||||||||
premiums receivable from policyholders – exchange | 1,417,000,000 | 1,384,000,000 | 1,304,000,000 | 1,281,000,000 | 1,323,000,000 | 1,287,000,000 | 1,194,000,000 | 1,167,000,000 | 1,203,000,000 | 1,191,000,000 | ||||||||||||||||||||||||||||||||||||||||||
reinsurance recoverable – exchange | 162,000,000 | 162,000,000 | 162,000,000 | 161,000,000 | 165,000,000 | 168,000,000 | 175,000,000 | 172,000,000 | 174,000,000 | 174,000,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred income taxes – indemnity | 51,000,000 | 44,000,000 | 40,000,000 | 37,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 42,000,000 | 43,000,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred acquisition costs – exchange | 656,000,000 | 635,000,000 | 589,000,000 | 595,000,000 | 603,000,000 | 579,000,000 | 558,000,000 | 566,000,000 | 574,000,000 | 553,000,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||
indemnity liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 644,000,000 | 589,000,000 | 552,000,000 | 611,000,000 | 482,000,000 | 451,000,000 | 422,000,000 | 476,000,000 | 574,000,000 | 535,000,000 | ||||||||||||||||||||||||||||||||||||||||||
exchange liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||
losses and loss expense reserves | 3,923,000,000 | 3,963,000,000 | 3,966,000,000 | 3,853,000,000 | 3,933,000,000 | 3,964,000,000 | 3,838,000,000 | 3,747,000,000 | 3,712,000,000 | 3,668,000,000 | ||||||||||||||||||||||||||||||||||||||||||
life policy and deposit contract reserves | 1,848,000,000 | 1,837,000,000 | 1,827,000,000 | 1,812,000,000 | 1,801,000,000 | 1,789,000,000 | 1,775,000,000 | 1,758,000,000 | 1,754,000,000 | 1,739,000,000 | ||||||||||||||||||||||||||||||||||||||||||
unearned premiums | 3,109,000,000 | 3,007,000,000 | 2,845,000,000 | 2,834,000,000 | 2,896,000,000 | 2,788,000,000 | 2,625,000,000 | 2,598,000,000 | 2,654,000,000 | 2,553,000,000 | ||||||||||||||||||||||||||||||||||||||||||
indemnity shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total indemnity shareholders’ equity | 750,000,000 | 732,000,000 | 710,000,000 | 703,000,000 | 771,000,000 | 755,000,000 | 742,000,000 | 734,000,000 | 657,000,000 | 647,000,000 | ||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest in consolidated entity – exchange | 7,375,000,000 | 7,430,000,000 | 7,427,000,000 | 7,280,000,000 | 7,065,000,000 | 7,066,000,000 | 6,948,000,000 | 6,816,000,000 | 6,542,000,000 | 6,321,000,000 | ||||||||||||||||||||||||||||||||||||||||||
total equity | 8,125,000,000 | 8,162,000,000 | 8,137,000,000 | 7,983,000,000 | 7,836,000,000 | 7,821,000,000 | 7,690,000,000 | 7,550,000,000 | 7,199,000,000 | 6,968,000,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities, shareholders’ equity, and noncontrolling interest | 18,115,000,000 | 18,069,000,000 | 17,993,000,000 | 17,758,000,000 | 17,578,000,000 | 17,460,000,000 | 16,931,000,000 | 16,676,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
indemnity’s shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, shareholders’ equity and noncontrolling interest | 16,384,000,000 | 15,879,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 802,892,000 | 791,468,000 | 943,766,000 | 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 | 453,467,000 | 496,108,000 | 484,327,000 | 453,635,000 | 457,198,000 | 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 | 199,831,000 | 204,644,000 | 109,125,000 | 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 | 155,214,000 | 152,444,000 | 139,389,000 | 140,300,000 | 167,558,000 | 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 | 5,941,000 | 6,080,000 | 6,936,000 | 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 | 22,837,000 | 19,446,000 | 21,458,000 | 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 | 9,674,000 | 7,849,000 | 8,853,000 | 9,364,000 | 9,050,000 | 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 | -389,960,000 | -377,672,000 | -447,816,000 | -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 | -232,417,000 | -247,825,000 | -232,623,000 | -215,999,000 | -225,945,000 | -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 | -134,249,000 | -4,868,000 | -4,525,000 | -6,384,000 | -79,017,000 | -6,565,000 | -7,666,000 | -8,220,000 | -72,413,000 | ||||||||||||||||||||||||||||||||||||||||||
salaries and wages paid | -76,066,000 | -63,945,000 | -61,340,000 | -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 | -41,650,000 | -46,060,000 | -50,840,000 | -49,520,000 | -48,181,000 | -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 | -65,201,000 | -18,703,000 | -18,330,000 | -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 | -69,161,000 | -80,105,000 | -81,928,000 | -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 | -59,932,000 | -60,191,000 | -64,931,000 | -68,491,000 | -56,329,000 | -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 | -204,965,000 | -204,789,000 | -217,370,000 | -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 | -158,222,000 | -142,485,000 | -148,380,000 | -149,666,000 | -157,609,000 | -133,783,000 | -148,090,000 | -143,046,000 | -152,486,000 | -132,217,000 | -148,700,000 | -146,935,000 | ||||||||||||||||||
income taxes (paid) recovered | -7,000 | -370,000 | -1,000 | -276,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 91,892,000 | 171,557,000 | 219,406,000 | 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 | 108,117,000 | 107,196,000 | 107,205,000 | 20,077,000 | 126,661,000 | 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 |
capital expenditures | 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 | 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 | 91,892,000 | 171,557,000 | 219,406,000 | 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 | 108,117,000 | 107,196,000 | 107,205,000 | 20,077,000 | 126,661,000 | 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 | -187,180,000 | -471,450,000 | -12,930,000 | -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 | -57,921,000 | -139,901,000 | -60,750,000 | -137,442,000 | -103,932,000 | -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 | -3,168,000 | -21,159,000 | -1,250,000 | -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 | -12,671,000 | -22,440,000 | -26,318,000 | -18,089,000 | -20,224,000 | 0 | -3,052,000 | 0 | -1,035,000 | |||||||||||||||||||||
proceeds from investments: | |||||||||||||||||||||||||||||||||||||||||||||||||||
available-for-sale securities sales | 106,790,000 | 127,944,000 | 14,318,000 | 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 | 12,454,000 | 20,287,000 | 24,415,000 | 44,562,000 | 31,828,000 | 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 | 39,998,000 | 53,234,000 | 67,920,000 | 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 | 26,121,000 | 34,009,000 | 23,317,000 | 35,405,000 | 20,952,000 | 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 | -37,414,000 | -30,767,000 | -34,994,000 | -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 | -3,239,000 | -14,863,000 | -16,340,000 | -21,086,000 | -33,676,000 | -34,103,000 | -16,849,000 | -17,411,000 | ||||||||||||||||||||||
loans to agents and others | -14,811,000 | -4,759,000 | -12,580,000 | -5,598,000 | -12,568,000 | -4,045,000 | |||||||||||||||||||||||||||||||||||||||||||||
collections on agent and other loans | 2,820,000 | 3,517,000 | 2,513,000 | 4,728,000 | 2,113,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -88,726,000 | -338,276,000 | 35,520,000 | -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 | -24,654,000 | -103,148,000 | -32,674,000 | -82,749,000 | -92,393,000 | -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 | -68,109,000 | -63,569,000 | -63,568,000 | -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 | -138,081,000 | -44,940,000 | -44,941,000 | -44,940,000 | -41,914,000 | -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 | -12,315,000 | 7,611,000 | 19,166,000 | 22,453,000 | 5,193,000 | -392,000 | 1,560,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -80,424,000 | -55,958,000 | -44,402,000 | -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 | -138,578,000 | -45,431,000 | -45,439,000 | -45,421,000 | -42,401,000 | -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 decrease in cash, cash equivalents and restricted cash | -77,258,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 345,874,000 | 0 | 0 | 298,397,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 268,616,000 | 210,524,000 | 97,648,000 | 260,379,000 | |||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of noncash transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||
liability incurred to purchase fixed assets | 1,549,000 | 2,102,000 | 23,415,000 | 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 | 13,718,000 | -318,000 | 47,000 | 767,000 | -1,486,000 | -6,694,000 | ||||||||||||||||||||||||||||
operating lease assets obtained in exchange for lease liabilities | 738,000 | 1,038,000 | 439,000 | 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 | ||||||||||||||||||||||||||||||||||||||
contribution to charitable foundation | |||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 1,000 | -30,570,000 | -35,992,000 | -44,000,000 | -36,000,000 | -32,000,000 | -20,630,000 | -21,000,000 | -20,990,000 | -23,001,000 | -10,000,000 | -46,951,000 | -11,954,000 | -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 | |||||||||||||||||||
other investments | -75,000 | 0 | -81,000 | 0 | -4,000 | -3,000 | 0 | 0 | -1,041,000 | 0 | -256,000 | -349,000 | -374,000 | -165,000 | -780,000 | -128,000 | |||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -222,677,000 | 210,524,000 | 97,648,000 | -38,018,000 | 77,184,000 | 50,579,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||
receipt of donated equipment | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 | -688,000 | -1,000 | 10,000 | -14,000 | 0 | -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 | 1,837,000 | 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 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 | -6,325,000 | -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 | -3,926,000 | -4,116,000 | -3,100,000 | -97,085,000 | -3,533,000 | -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 | -55,115,000 | -41,383,000 | 29,092,000 | -108,093,000 | -8,133,000 | 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 | |||||||||||||||||||||||||||||||||||
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 | 6,379,000 | 6,310,000 | 6,446,000 | 6,662,000 | 6,873,000 | 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 | 836,000 | 667,000 | 2,107,000 | 1,333,000 | 1,805,000 | 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 | 8,853,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
pension contributions and employee benefits paid | -10,802,000 | -9,841,000 | -11,210,000 | -10,875,000 | |||||||||||||||||||||||||||||||||||||||||||||||
repayment of note receivable from erie family life insurance | |||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from long-term borrowings | -487,000 | -471,000 | 0 | -3,000 | 24,990,000 | -14,000 | |||||||||||||||||||||||||||||||||||||||||||||
limited partnership distributions | 219,000 | 278,000 | 254,000 | 335,000 | 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 | -28,000 | -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 | ||||||||||||||||||||||
decrease in reimbursements collected from affiliates | -1,702,000 | 5,433,000 | -11,066,000 | 395,000 | -11,503,000 | -785,000 | |||||||||||||||||||||||||||||||||||||||||||||
agent loan distributions | |||||||||||||||||||||||||||||||||||||||||||||||||||
agent loan repayments | |||||||||||||||||||||||||||||||||||||||||||||||||||
distributions on agent loans | -714,000 | -6,233,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
increase in reimbursements collected from affiliates | |||||||||||||||||||||||||||||||||||||||||||||||||||
trading securities | 0 | 2,025,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
transfer of investments from limited partnerships to trading securities | |||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 0 | 1,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||
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 |
