ERIE INDEMNITY COMPANY ERIE Balance Sheet

Erie indemnity company (ERIE)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets
Current assets:
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
228	336	344	338	312	266	244	198	119	215	184	144	110	189	139	124	105	182	618	421	420	91	379	300	379	452	535	365	388	400	404	240	199	185	76	109	211	430	312	223	234
Other invested assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	22	22	-	21	21	21	21	21	21	21	21	21	20	20	20	20	20	-	20	-	-	-
Total investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,650	14,881	14,950	-	14,626	14,608	14,140	13,866	13,420	13,102	13,158	12,814	12,791	12,530	12,560	12,074	12,002	12,488	12,277	11,815	11,711	11,157	10,940
Available-for-sale securities
34	32	32	61	139	402	105	107	96	71	65	72	77	56	52	46	54	62	-	-	-	63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable, after Allowance for Credit Loss, Current
482	468	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fixed maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,980	9,933	10,055	-	9,465	9,198	8,881	8,688	8,420	8,163	8,312	8,159	8,170	8,079	7,977	7,840	7,848	7,905	-	7,543	-	-	-
Equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	740	839	862	-	942	940	887	869	897	1,017	992	1,000	653	631	647	589	613	630	-	594	-	-	-
Trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	-	2,981	3,144	3,096	-	3,125	3,377	3,253	3,202	2,945	2,724	2,662	2,417	2,669	2,518	2,625	2,335	2,111	2,543	-	2,334	-	-	-
Receivables from Erie Insurance Exchange and affiliates
-	-	498	483	456	449	463	445	415	418	428	411	392	378	399	387	352	348	-	-	-	335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
58	44	47	42	49	36	44	45	43	34	35	36	39	30	29	33	37	24	-	-	-	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal income taxes recoverable
0	0	6	7	0	8	0	0	14	29	0	0	0	5	0	0	0	11	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note receivable from Erie Family Life Insurance Company
-	-	-	-	-	-	25	25	25	25	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued investment income
5	5	5	4	4	5	6	6	6	6	6	6	6	6	6	5	5	5	-	-	-	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current assets
810	891	934	937	962	1,168	888	828	720	801	720	671	625	665	627	597	557	635	-	-	-	533	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale securities, net
716	697	647	627	534	346	599	598	633	687	683	672	642	657	652	607	560	537	-	-	-	526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities
58	64	55	12	12	11	12	12	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited partnership investments
22	26	32	30	30	34	37	39	44	45	49	53	54	58	65	70	82	88	927	943	915	112	1,073	1,072	1,098	1,086	1,137	1,177	1,171	1,217	1,278	1,282	1,291	1,290	1,410	1,390	-	1,324	-	-	-
Fixed assets, net
238	221	194	173	144	130	121	94	88	83	75	71	68	69	58	58	58	59	-	-	-	62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Agent loans, net
59	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
19	17	15	19	22	24	37	31	29	19	47	51	52	53	36	35	35	40	51	44	40	37	2	1	-	2	42	43	39	37	16	21	18	19	-	-	-	-	11	101	116
Premiums receivable from policyholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,417	1,384	1,304	-	1,323	1,287	1,194	1,167	1,203	1,191	1,113	1,062	1,100	1,073	1,000	976	1,035	1,017	959	942	993	977	906
Reinsurance recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	162	162	-	165	168	175	172	174	174	169	168	165	168	167	166	197	198	199	201	204	201	215
Note receivable from Erie Family Life Insurance Company
-	-	-	-	-	-	-	-	-	-	25	25	25	25	25	25	25	25	-	-	-	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
32	35	95	89	92	61	62	47	45	28	29	22	21	20	19	18	19	20	561	542	528	21	480	517	485	451	436	451	414	456	563	510	406	441	458	427	438	489	454	438	409
Deferred acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	656	635	589	-	603	579	558	566	574	553	510	504	505	500	482	487	495	484	469	467	473	473	467
Total assets
1,957	2,016	1,974	1,889	1,799	1,778	1,759	1,652	1,573	1,665	1,631	1,567	1,490	1,548	1,485	1,414	1,340	1,407	18,115	18,069	17,993	1,319	17,578	17,460	16,931	16,676	16,384	15,879	15,791	15,441	15,544	15,042	14,832	14,348	14,263	14,723	14,553	14,344	14,158	13,570	13,287
Liabilities and shareholders' equity
Current liabilities:
Commissions payable
270	262	272	267	253	241	257	253	240	228	236	232	219	210	218	217	202	195	-	-	-	189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Agent bonuses
29	96	73	51	26	103	79	56	30	122	93	62	32	114	84	58	31	106	-	-	-	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
130	134	131	124	123	111	113	97	95	104	99	86	81	88	94	90	79	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends payable
44	44	41	41	41	41	39	39	39	39	36	36	36	36	33	33	33	33	-	-	-	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract liability
35	35	36	35	34	33	34	33	31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred executive compensation
10	10	10	12	10	13	11	8	9	15	12	9	14	19	16	13	15	20	-	-	-	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal income taxes payable
18	0	-	-	11	-	9	8	-	-	5	2	19	-	4	1	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of long-term borrowings
2	1	1	1	1	1	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
541	587	568	535	502	547	544	497	447	509	483	431	404	469	453	415	371	445	-	-	-	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Defined benefit pension plans
153	145	136	129	123	116	154	145	176	207	208	219	211	221	178	170	162	172	-	-	-	188	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term borrowings
95	95	96	96	97	97	98	98	74	74	49	49	24	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee benefit obligations
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	1	1	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract liability
18	18	18	18	17	17	17	17	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred executive compensation
11	13	13	13	16	13	13	11	16	14	12	11	16	13	12	12	18	16	-	-	-	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
19	21	22	32	27	11	9	0	1	1	1	1	2	1	1	0	1	1	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses and loss expense reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,923	3,963	3,966	-	3,933	3,964	3,838	3,747	3,712	3,668	3,628	3,598	3,598	3,613	3,451	3,499	3,686	3,791	-	3,584	-	-	-
Life policy and deposit contract reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,848	1,837	1,827	-	1,801	1,789	1,775	1,758	1,754	1,739	1,726	1,708	1,721	1,706	1,689	1,671	1,659	1,637	-	1,603	-	-	-
Unearned premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,109	3,007	2,845	-	2,896	2,788	2,625	2,598	2,654	2,553	2,399	2,365	2,420	2,331	2,196	2,178	2,249	2,196	-	2,082	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283	413	494	-	465	557	492	450	368	312	410	365	367	235	279	147	103	251	-	283	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	466	-	-	-	-	-
Total liabilities
840	882	855	826	785	804	838	772	733	808	756	714	660	732	646	599	555	637	9,990	9,907	9,856	616	9,742	9,639	9,241	9,126	9,185	8,911	8,774	8,650	8,701	8,445	8,156	8,055	8,165	8,341	8,002	8,010	7,932	7,701	7,562
Shareholders’ equity
Additional paid-in-capital
16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	16	-	-	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income (Loss), Net of Tax
-146	-116	-116	-119	-123	-130	-162	-162	-161	-156	-118	-118	-119	-121	-90	-90	-93	-96	-	-	-	-117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
2,390	2,377	2,362	2,310	2,264	2,231	2,211	2,169	2,129	2,140	2,121	2,099	2,077	2,065	2,056	2,033	2,005	1,993	-	-	-	1,948	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total contributed capital and retained earnings
2,263	2,279	2,265	2,209	2,159	2,119	2,067	2,026	1,986	2,003	2,021	1,999	1,975	1,963	1,985	1,961	1,930	1,915	-	-	-	1,849	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock, at cost; 22,110,132 shares held
1,159	1,158	1,158	1,158	1,158	1,157	1,157	1,156	1,157	1,155	1,155	1,155	1,156	1,155	1,155	1,155	1,155	1,155	-	-	-	1,146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation
13	12	12	12	12	11	11	10	11	9	9	9	10	9	9	9	9	9	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stockholders' Equity Attributable to Parent
1,116	1,133	1,119	1,063	1,013	973	921	880	840	857	875	853	829	816	838	815	784	769	750	732	710	703	771	755	742	734	657	647	636	642	782	766	776	781	845	866	-	912	-	-	-
Noncontrolling interest in consolidated entity - Exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,375	7,430	7,427	-	7,065	7,066	6,948	6,816	6,542	6,321	6,381	6,149	6,061	5,831	5,900	5,512	-	5,516	-	-	-	-	-
Total equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,125	8,162	8,137	-	7,836	7,821	7,690	7,550	7,199	6,968	7,017	6,791	6,843	6,597	6,676	6,293	6,098	6,382	6,551	6,334	6,226	5,869	5,725
Total liabilities and shareholders’ equity
1,957	2,016	1,974	1,889	1,799	1,778	1,759	1,652	1,573	1,665	1,631	1,567	1,490	1,548	1,485	1,414	1,340	1,407	18,115	18,069	17,993	1,319	17,578	17,460	16,931	16,676	16,384	15,879	15,791	15,441	15,544	15,042	14,832	14,348	14,263	14,723	14,553	14,344	14,158	13,570	13,287
Class A common stock
Common stock
1	1	1	1	1	1	1	1	1	1	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B common stock
Common stock
0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-