ERIE INDEMNITY CO
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
View on SEC.govAbout this filing
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
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Shareholders' Equity
STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED)
Three months ended March 31, 2024 and 2023
| Class A common stock · Class B common stock · Additional paid-in-capital · Accumulated other comprehensive loss · Retained earnings · Treasury stock · Deferred compensation · Total shareholders' equity | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2023 | $1,992 | $178 | $16,466 | $(13,400) | $2,803,689 | $(1,169,165) | $23,075 | $1,662,835 | ||||
| Net income | 124,552 | 124,552 | ||||||||||
| Other comprehensive loss | (1,830) | (1,830) | ||||||||||
| Dividends declared: | ||||||||||||
| Class A $1.275 per share | (58,891) | (58,891) | ||||||||||
| Class B $191.25 per share | (486) | (486) | ||||||||||
| Deferred compensation | (861) | 861 | 0 | |||||||||
| Rabbi trust distribution (1) | 709 | (709) | 0 | |||||||||
| Balance, March 31, 2024 | $1,992 | $178 | $16,466 | $(15,230) | $2,868,864 | $(1,169,317) | $23,227 | $1,726,180 | ||||
| Class A common stock · Class B common stock · Additional paid-in-capital · Accumulated other comprehensive income (loss) · Retained earnings · Treasury stock · Deferred compensation · Total shareholders' equity | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2022 | $1,992 | $178 | $16,481 | $(7,414) | $2,583,261 | $(1,168,949) | $22,859 | $1,448,408 | ||||
| Net income | 86,241 | 86,241 | ||||||||||
| Other comprehensive income | 7,752 | 7,752 | ||||||||||
| Dividends declared: | ||||||||||||
| Class A $1.19 per share | (54,965) | (54,965) | ||||||||||
| Class B $178.50 per share | (454) | (454) | ||||||||||
| Net purchase of treasury stock (2) | (15) | 0 | (15) | |||||||||
| Deferred compensation | (822) | 822 | 0 | |||||||||
| Rabbi trust distribution (1) | 416 | (416) | 0 | |||||||||
| Balance, March 31, 2023 | $1,992 | $178 | $16,466 | $338 | $2,614,083 | $(1,169,355) | $23,265 | $1,486,967 | ||||
(1)Distributions of our Class A shares were made from the rabbi trust tothree incentive compensation deferral plan participants in 2024 andtwo in 2023.
(2)Net purchase of treasury stock in 2023 includes the repurchase of our Class A common stock in the open market that were subsequently distributed to satisfy stock-based compensation awards.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.