ERIE INDEMNITY COMPANY ERIE Cash Flow

Erie indemnity company (ERIE)

CashFlow / TTM

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	Mar'10
Cash flows from operating activities
Management fee received
1,864,975	1,845,075	1,829,355	1,794,511	1,766,085	1,751,247	1,711,361	1,681,123	1,657,109	1,627,558	1,607,431	1,585,635	1,562,197	1,536,699	1,516,014	1,497,878	1,476,944	1,454,902	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Administrative services reimbursements received
580,247	588,255	567,324	573,032	572,584	574,698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service agreement fee received
27,597	27,627	28,134	28,051	28,224	28,677	28,665	28,871	29,036	29,149	29,225	29,214	29,188	29,200	29,252	29,453	29,670	29,997	30,430	30,962	30,526	30,929	30,930	30,930	31,930	30,930	31,000	31,000	31,000	31,000	31,000	31,000	32,000	33,000	33,000	34,000	34,000	34,000	0	0	0
Premiums collected
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	4,922,000	4,791,000	4,672,000	4,594,000	4,515,000	4,414,000	4,334,000	4,276,000	4,200,000	4,159,000	4,113,000	4,055,000	0	0	0
Net investment income received
34,763	34,511	36,325	37,009	37,650	37,489	34,313	33,538	32,679	31,281	30,746	28,897	28,167	26,796	26,670	25,940	25,807	25,999	-320,182	-199,174	-91,780	22,846	46,517	34,517	36,517	21,517	462,000	460,000	467,000	471,000	464,000	467,000	471,000	458,000	460,000	452,000	443,000	445,000	0	0	0
Limited partnership distributions
960	1,931	2,761	5,428	7,972	7,173	8,143	6,826	4,911	5,128	13,608	13,758	17,353	17,837	9,257	10,170	10,285	14,112	-67,596	-39,313	-4,719	15,327	-2,950	12,050	6,050	27,050	195,000	189,000	185,000	164,000	167,000	153,000	159,000	166,000	127,000	141,000	136,000	122,000	0	0	0
Decrease in reimbursements collected from affiliates
-	-	-	-	-	-	-	-	-	4,720	-4,805	-6,902	10,034	-247	-12,598	-5,902	-7,402	-7,775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions paid to agents
906,929	895,563	883,802	874,477	865,588	853,758	842,501	828,107	810,778	800,627	788,923	779,145	766,740	756,713	751,977	743,696	728,518	725,714	628,381	614,140	609,975	665,154	672,086	658,086	645,086	617,086	668,000	653,000	634,000	617,000	603,000	590,000	585,000	583,000	568,000	555,000	541,000	532,000	0	0	0
Agents bonuses paid
108,191	115,795	115,919	116,260	116,396	134,314	134,538	134,281	134,075	122,743	122,218	121,745	121,201	113,859	113,757	113,674	121,199	96,749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Salaries and wages paid
185,140	186,460	183,948	181,701	178,709	182,537	180,344	178,686	178,773	171,547	169,065	165,938	162,695	160,985	160,168	167,546	158,549	155,303	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee benefits paid
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension contributions and employee benefits paid
41,591	42,728	40,733	38,276	77,201	115,525	133,862	155,578	112,623	89,981	69,746	46,356	46,171	44,250	44,209	44,361	43,573	40,993	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General operating expenses paid
244,180	236,128	243,076	214,570	209,442	208,036	175,858	197,343	197,117	199,084	210,285	197,436	184,809	176,029	180,075	171,497	180,806	190,301	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Administrative services expenses paid
589,148	582,528	577,405	575,839	576,449	580,338	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes recovered
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,807,000	2,910,000	2,865,000	2,818,000	2,782,000	2,811,000	2,974,000	2,953,000	2,811,000	2,591,000	2,374,000	2,398,000	0	0	0
Loss expenses paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	455,000	459,000	464,000	464,000	460,000	457,000	449,000	439,000	429,000	421,000	422,000	419,000	0	0	0
Other underwriting and acquisition costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	590,000	584,000	582,000	557,000	557,000	575,000	550,000	531,000	529,000	513,000	520,000	517,000	0	0	0
Income taxes paid
-	-	-	-	-	58,814	64,954	58,691	106,760	106,250	105,754	110,116	104,115	104,607	101,671	102,587	106,596	106,347	43,518	43,503	81,494	95,485	4,193	35,193	97,193	86,193	189,000	149,000	178,000	227,000	275,000	281,000	98,000	67,000	2,000	-3,000	83,000	69,000	0	0	0
Interest paid
419	853	1,410	2,031	2,275	2,377	2,153	1,778	1,424	1,038	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
360,364	364,527	327,137	336,408	328,055	263,585	251,106	199,228	192,018	197,126	219,119	243,345	240,976	254,336	241,934	225,982	210,867	217,378	-231,992	-17,109	116,762	186,013	78,008	133,008	145,008	218,008	901,000	716,000	632,000	577,000	500,000	351,000	340,000	360,000	481,000	709,000	786,000	721,000	0	0	0
Cash flows from investing activities
Purchase of investments:
Available-for-sale securities
873,449	956,818	1,051,008	893,431	536,443	392,895	293,252	321,226	402,923	391,181	393,276	392,779	367,775	369,811	324,215	278,927	265,140	228,308	-1,400,881	-727,995	-219,486	250,789	-89,324	92,676	192,676	242,676	2,803,000	2,369,000	2,245,000	2,112,000	1,785,000	1,625,000	1,467,000	1,801,000	1,827,000	1,989,000	1,987,000	1,760,000	0	0	0
Equity securities
84,849	66,760	46,536	3,052	3,052	4,087	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	148,000	144,000	144,000	172,000	137,000	130,000	121,000	119,000	133,000	138,000	147,000	179,000	0	0	0
Common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,078,000	1,989,000	2,013,000	1,807,000	1,294,000	1,437,000	1,579,000	1,742,000	1,906,000	1,772,000	1,667,000	1,495,000	0	0	0
Limited partnerships
52	48	46	37	221	243	297	300	330	410	459	536	586	578	684	698	942	928	-80,184	-44,280	-25,788	1,123	18,907	-3,093	6,907	2,907	102,000	110,000	100,000	100,000	165,000	182,000	203,000	209,000	0	0	0	-	-	-	-
Proceeds from investments:
Available-for-sale securities sales
582,754	687,347	764,929	589,532	326,761	235,323	149,812	162,853	185,401	144,317	142,501	104,991	93,260	89,498	0	0	0	-	-	-	-	116,401	-66,476	200,524	196,524	159,524	1,062,000	873,000	840,000	881,000	641,000	571,000	517,000	631,000	601,000	601,000	606,000	562,000	0	0	0
Available-for-sale securities maturities/calls
184,860	303,798	318,320	326,624	260,266	134,396	147,468	164,612	179,993	194,980	195,868	176,655	156,109	146,285	56,291	73,438	108,787	112,705	-412,056	-184,382	-86,767	119,679	0	0	0	-	1,173,000	1,219,000	1,217,000	1,169,000	1,105,000	1,043,000	920,000	950,000	937,000	974,000	941,000	1,009,000	0	0	0
Equity securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities
-	-	-	-	-	4,162	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	132,000	129,000	167,000	154,000	156,000	127,000	101,000	113,000	81,000	122,000	131,000	135,000	0	0	0
Trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	2,057,000	1,884,000	1,939,000	1,733,000	1,278,000	1,416,000	1,499,000	1,652,000	1,743,000	1,577,000	1,525,000	1,376,000	0	0	0
Limited partnerships
1,639	3,722	3,941	3,155	4,888	3,387	5,828	9,106	8,282	10,768	11,695	9,211	17,717	16,113	17,362	23,273	19,370	26,735	-49,610	-26,679	-3,230	28,613	4,054	13,054	17,054	29,054	185,000	175,000	173,000	201,000	222,000	218,000	218,000	163,000	184,000	184,000	138,000	142,000	0	0	0
Purchase of fixed assets
105,714	102,039	75,993	72,436	65,017	56,297	59,558	37,076	34,067	28,927	32,829	27,923	25,263	25,208	15,795	14,547	13,624	12,556	-2,351	7,739	15,901	19,473	15,750	8,750	10,750	10,750	30,000	32,000	32,000	33,000	33,000	34,000	25,000	11,000	11,000	9,000	17,000	33,000	0	0	0
Loans to agents
13,181	17,611	17,285	25,101	29,517	42,594	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections on agent loans
7,551	7,921	7,744	7,321	7,313	6,436	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of and returns on limited partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net distributions on agent loans
-	-	-	-	-	-	-	-	-	-	0	0	809	-	-1,614	-2,642	-2,340	-688	-291	-411	-951	-1,595	-3,523	-2,523	-1,523	-2,523	-2,000	-1,000	-2,000	-1,000	0	1,000	2,000	1,000	0	-3,000	-4,000	-3,000	0	0	0
Net cash (used in) provided by investing activities
-271,141	-124,634	-60,664	-33,530	-901	-81,398	-87,223	-44,370	-84,321	-74,663	-80,721	-131,623	-122,176	-136,944	-90,555	-47,029	-34,052	622	522,442	333,287	102,728	-5,097	-100,232	-62,232	-27,232	-65,232	-549,000	-363,000	-196,000	-85,000	-14,000	-35,000	-143,000	-375,000	-499,000	-622,000	-610,000	-405,000	0	0	0
Cash flows from financing activities
Annuity deposits and interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	88,000	90,000	91,000	92,000	93,000	93,000	98,000	95,000	98,000	101,000	100,000	111,000	0	0	0
Annuity surrenders and withdrawals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	82,000	85,000	83,000	83,000	80,000	78,000	78,000	81,000	80,000	80,000	82,000	79,000	0	0	0
Universal life deposits and interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	26,000	24,000	23,000	23,000	22,000	22,000	22,000	29,000	32,000	35,000	39,000	38,000	0	0	0
Universal life surrenders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	11,000	10,000	9,000	10,000	10,000	10,000	11,000	16,000	22,000	27,000	35,000	35,000	0	0	0
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,692	29,721	34,721	26,721	31,721	37,000	43,000	67,000	70,000	78,000	109,000	137,000	155,000	145,000	130,000	90,000	57,000	0	0	0
Dividends paid to shareholders
170,681	167,651	164,856	162,063	159,268	156,474	153,796	151,117	148,440	145,765	143,320	140,875	138,430	135,985	133,704	131,422	129,140	126,858	124,669	122,955	120,240	118,526	116,618	114,618	113,618	83,618	205,000	204,000	202,000	229,000	105,000	103,000	103,000	102,000	101,000	100,000	99,000	98,000	0	0	0
Net payments on long-term borrowings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (payments) proceeds from long-term borrowings
-	-	-	-	-	24,983	49,973	49,962	49,970	49,951	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-172,622	-169,571	-166,289	-163,028	-134,736	-131,491	-103,823	-101,155	-98,488	-95,814	-93,583	-91,124	-113,664	-111,209	-133,704	-131,422	-129,140	-126,858	-144,361	-136,647	-137,932	-138,218	-148,339	-150,339	-141,339	-115,339	-221,000	-228,000	-247,000	-277,000	-158,000	-185,000	-209,000	-230,000	-218,000	-201,000	-167,000	-120,000	0	0	0
Net (decrease) increase in cash and cash equivalents
-83,399	70,322	100,184	139,850	192,418	50,696	60,060	53,703	9,209	26,649	44,815	20,598	5,136	6,183	17,675	47,531	47,675	91,142	146,089	179,531	81,558	42,698	-170,563	-79,563	-23,563	37,437	131,000	125,000	189,000	215,000	328,000	131,000	-12,000	-245,000	-236,000	-114,000	9,000	196,000	0	0	0
Supplemental disclosure of noncash transactions
Operating lease assets obtained in exchange for new operating lease liabilities
4,301	35,483	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of noncash transactions
Liability incurred to purchase fixed assets
7,567	6,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-