ERIE INDEMNITY CO
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
ERIE$272.09+0.6%Stored close · as of Nov 10, 2026
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Statements of Financial Position – March and December 31,
STATEMENTS OF FINANCIAL POSITION
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets · (Unaudited) | ||
| Current assets: | ||
| Cash and cash equivalents (includes restricted cash of $13,331 and $12,542, respectively) | $144,872 | $144,055 |
| Available-for-sale securities | 76,693 | 82,017 |
| Receivables from Erie Insurance Exchange and affiliates, net | 641,691 | 625,338 |
| Prepaid expenses and other current assets | 69,050 | 69,321 |
| Accrued investment income | 9,465 | 9,458 |
| Total current assets | 941,771 | 930,189 |
| Available-for-sale securities, net | 892,952 | 879,224 |
| Equity securities | 86,578 | 84,253 |
| Fixed assets, net | 461,914 | 442,610 |
| Agent loans, net | 57,470 | 58,434 |
| Defined benefit pension plan | 66,270 | 34,320 |
| Other assets, net | 48,839 | 42,934 |
| Total assets | $2,555,794 | $2,471,964 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Commissions payable | $384,613 | $353,709 |
| Agent incentive compensation | 26,968 | 68,077 |
| Accounts payable and accrued liabilities | 213,062 | 175,622 |
| Dividends payable | 59,377 | 59,377 |
| Contract liability | 40,555 | 41,210 |
| Deferred executive compensation | 2,941 | 10,982 |
| Total current liabilities | 727,516 | 708,977 |
| Defined benefit pension plan | 23,792 | 26,260 |
| Contract liability | 20,000 | 19,910 |
| Deferred executive compensation | 23,216 | 20,936 |
| Deferred income taxes, net | 6,593 | 11,481 |
| Other long-term liabilities | 28,497 | 21,565 |
| Total liabilities | 829,614 | 809,129 |
| Shareholders’ equity | ||
| Class A common stock, stated value $0.0292 per share; 74,996,930 shares authorized; 68,299,200 shares issued; 46,189,068 shares outstanding | 1,992 | 1,992 |
| Class B common stock, convertible at a rate of 2,400 Class A shares for one Class B share, stated value $70 per share; 3,070 shares authorized; 2,542 shares issued and outstanding | 178 | 178 |
| Additional paid-in-capital | 16,466 | 16,466 |
| Accumulated other comprehensive loss | (15,230) | (13,400) |
| Retained earnings | 2,868,864 | 2,803,689 |
| Total contributed capital and retained earnings | 2,872,270 | 2,808,925 |
| Treasury stock, at cost; 22,110,132 shares held | (1,169,317) | (1,169,165) |
| Deferred compensation | 23,227 | 23,075 |
| Total shareholders’ equity | 1,726,180 | 1,662,835 |
| Total liabilities and shareholders’ equity | $2,555,794 | $2,471,964 |
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