ERIE INDEMNITY CO
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
ERIE$272.09+0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Financial Position - December 31, 202 and
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
At December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents (includes restricted cash of $23,559 and $12,542, respectively) | $298,397 | $144,055 |
| Available-for-sale securities | 44,604 | 82,017 |
| Receivables from Erie Insurance Exchange and affiliates, net | 707,060 | 625,338 |
| Prepaid expenses and other current assets, net | 83,902 | 69,321 |
| Accrued investment income | 11,069 | 9,458 |
| Total current assets | 1,145,032 | 930,189 |
| Available-for-sale securities, net | 991,726 | 879,224 |
| Available-for-sale securities lent | 7,285 | — |
| Equity securities | 85,891 | 84,253 |
| Fixed assets, net | 513,494 | 442,610 |
| Agent loans, net | 80,597 | 58,434 |
| Defined benefit pension plan | 21,311 | 34,320 |
| Other assets, net | 43,278 | 42,934 |
| Total assets | $2,888,614 | $2,471,964 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Commissions payable | $408,309 | $353,709 |
| Agent incentive compensation | 75,458 | 68,077 |
| Accounts payable and accrued liabilities | 190,028 | 175,622 |
| Dividends payable | 63,569 | 59,377 |
| Contract liability | 42,761 | 41,210 |
| Deferred executive compensation | 14,874 | 10,982 |
| Securities lending payable | 7,513 | — |
| Total current liabilities | 802,512 | 708,977 |
| Defined benefit pension plan | 28,070 | 26,260 |
| Contract liability | 21,170 | 19,910 |
| Deferred executive compensation | 19,721 | 20,936 |
| Deferred income taxes, net | 6,418 | 11,481 |
| Other long-term liabilities | 23,465 | 21,565 |
| Total liabilities | 901,356 | 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 | (47,591) | (13,400) |
| Retained earnings | 3,162,303 | 2,803,689 |
| Total contributed capital and retained earnings | 3,133,348 | 2,808,925 |
| Treasury stock, at cost; 22,110,132 shares held | (1,169,074) | (1,169,165) |
| Deferred compensation | 22,984 | 23,075 |
| Total shareholders' equity | 1,987,258 | 1,662,835 |
| Total liabilities and shareholders' equity | $2,888,614 | $2,471,964 |
See accompanying notes to Consolidated Financial Statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.