ERIE INDEMNITY CO
For the period ended Mar 31, 2025. Filed Apr 24, 2025.
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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, 2025 · Filed Apr 24, 2025
ERIE$272.09+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(in thousands)
| Three months endedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Management fee received | $760,565 | $664,288 |
| Administrative services reimbursements received | 221,955 | 209,846 |
| Service agreement revenue received | 6,432 | 6,514 |
| Net investment income received | 19,326 | 15,950 |
| Commissions paid to agents | (370,528) | (315,059) |
| Incentive compensation paid to agents | (79,017) | (72,413) |
| Salaries and wages paid | (79,844) | (82,203) |
| Pension contribution and employee benefits paid | (60,501) | (54,376) |
| General operating expenses paid | (81,938) | (80,064) |
| Administrative services expenses paid | (218,352) | (208,432) |
| Income taxes recovered | 20 | 3,142 |
| Net cash provided by operating activities | 118,118 | 87,193 |
| Cash flows from investing activities | ||
| Purchase of investments: | ||
| Available-for-sale securities | (131,330) | (77,530) |
| Equity securities | (6,946) | (7,137) |
| Proceeds from investments: | ||
| Available-for-sale securities sales | 34,721 | 25,922 |
| Available-for-sale securities maturities/calls | 34,278 | 46,926 |
| Equity securities | 11,646 | 6,927 |
| Purchase of fixed assets | (29,674) | (22,446) |
| Loans to agents and others | (12,568) | (2,507) |
| Collections on agent and other loans | 2,113 | 2,846 |
| Net cash used in investing activities | (97,760) | (26,999) |
| Cash flows from financing activities | ||
| Dividends paid to shareholders | (63,569) | (59,377) |
| Net changes in cash collateral for securities lent | 5,193 | — |
| Net cash used in financing activities | (58,376) | (59,377) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (38,018) | 817 |
| Cash, cash equivalents and restricted cash, beginning of period | 298,397 | 144,055 |
| Cash, cash equivalents and restricted cash, end of period | $260,379 | $144,872 |
| Supplemental disclosure of noncash transactions | ||
| Liability incurred to purchase fixed assets | $844 | $16,382 |
| Operating lease assets obtained in exchange for lease liabilities | $1,319 | $2,872 |
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