ERIE INDEMNITY CO
For the period ended Sep 30, 2024. Filed Oct 31, 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.
Sep 30, 2024 · Filed Oct 31, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Shareholders' Equity
STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED)
Three and nine months ended September 30, 2024
| Class A common stock · Class B common stock · Additional paid-in-capital · Accumulated other comprehensive (loss) income · 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) | ||||||||||
| Net purchase of treasury stock (1) | 0 | 0 | 0 | |||||||||
| Deferred compensation | (861) | 861 | 0 | |||||||||
| Rabbi trust distribution (2) | 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 | ||||
| Net income | 163,903 | 163,903 | ||||||||||
| Other comprehensive loss | (1,893) | (1,893) | ||||||||||
| Dividends declared: | ||||||||||||
| Class A $1.275 per share | (58,891) | (58,891) | ||||||||||
| Class B $191.25 per share | (486) | (486) | ||||||||||
| Net purchase of treasury stock (1) | 0 | 0 | 0 | |||||||||
| Deferred compensation | (518) | 518 | 0 | |||||||||
| Rabbi trust distribution (2) | 1,538 | (1,538) | 0 | |||||||||
| Balance, June 30, 2024 | $1,992 | $178 | $16,466 | $(17,123) | $2,973,390 | $(1,168,297) | $22,207 | $1,828,813 | ||||
| Net income | 159,830 | 159,830 | ||||||||||
| Other comprehensive income | 18,689 | 18,689 | ||||||||||
| Dividends declared: | ||||||||||||
| Class A $1.275 per share | (58,891) | (58,891) | ||||||||||
| Class B $191.25 per share | (486) | (486) | ||||||||||
| Net purchase of treasury stock (1) | 0 | 0 | 0 | |||||||||
| Deferred compensation | (422) | 422 | 0 | |||||||||
| Balance, September 30, 2024 | $1,992 | $178 | $16,466 | $1,566 | $3,073,843 | $(1,168,719) | $22,629 | $1,947,955 | ||||
(1)Net purchase of treasury stock in 2024 includes the repurchase of our Class A common stock in the open market that were subsequently distributed to satisfy stock-based compensation awards.
(2)Distributions of our Class A shares were made from the rabbi trust tofive incentive compensation deferral plan participants in 2024.
STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED)
Three and nine months ended September 30, 2023
| Class A common stock · Class B common stock · Additional paid-in-capital · Accumulated other comprehensive (loss) income · 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 (1) | (15) | 0 | (15) | |||||||||
| Deferred compensation | (822) | 822 | 0 | |||||||||
| Rabbi trust distribution (2) | 416 | (416) | 0 | |||||||||
| Balance, March 31, 2023 | $1,992 | $178 | $16,466 | $338 | $2,614,083 | $(1,169,355) | $23,265 | $1,486,967 | ||||
| Net income | 117,852 | 117,852 | ||||||||||
| Other comprehensive loss | (4,488) | (4,488) | ||||||||||
| 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 (1) | 0 | 0 | 0 | |||||||||
| Deferred compensation | (621) | 621 | 0 | |||||||||
| Rabbi trust distribution (2) | 1,596 | (1,596) | 0 | |||||||||
| Balance, June 30, 2023 | $1,992 | $178 | $16,466 | $(4,150) | $2,676,516 | $(1,168,380) | $22,290 | $1,544,912 | ||||
| Net income | 131,040 | 131,040 | ||||||||||
| Other comprehensive loss | (8,644) | (8,644) | ||||||||||
| 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 (1) | 0 | 0 | 0 | |||||||||
| Deferred compensation | (381) | 381 | 0 | |||||||||
| Balance, September 30, 2023 | $1,992 | $178 | $16,466 | $(12,794) | $2,752,137 | $(1,168,761) | $22,671 | $1,611,889 | ||||
(1)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.
(2)Distributions of our Class A shares were made from the rabbi trust tofive incentive compensation deferral plan participants in 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.