Erie indemnity company (ERIE)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Operating revenue
Revenue from Contract with Customer, Excluding Assessed Tax

2,499

2,477

2,457

2,430

2,404

2,382

2,207

2,037

1,864

1,691

1,669

1,645

1,621

1,596

1,573

1,551

1,529

1,505

2,738

3,767

4,963

6,124

6,232

6,383

6,211

6,271

5,946

5,829

5,563

5,512

5,558

4,894

4,979

4,824

4,807

5,368

5,039

4,890

4,775

4,567

0

0

0

Operating expenses
Commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

883

874

862

847

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Salaries and employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

217

222

224

226

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

All other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

194

190

193

198

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

2,143

2,119

2,093

2,076

2,051

2,037

1,878

1,724

1,563

1,401

1,380

1,355

1,328

1,303

1,295

1,288

1,281

1,272

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income

356

357

363

354

352

344

328

312

300

290

289

290

292

293

277

263

247

232

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment income
Premiums earned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,344

5,229

5,115

5,011

4,898

4,791

4,687

4,581

4,493

4,409

4,333

4,271

4,214

4,153

4,097

4,039

3,987

3,949

3,908

0

0

0

Net investment income

33

33

33

32

31

30

28

26

25

24

23

23

21

20

19

18

17

17

124

234

341

446

441

435

428

422

428

424

433

438

433

436

436

433

437

439

434

433

424

419

0

0

0

Net realized investment (losses) gains

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net impairment losses recognized in earnings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized investment gains (losses)

-

-

3

2

-

-

-0

0

0

-

2

2

2

0

0

-0

-0

0

88

4

136

193

374

650

578

771

561

539

371

418

588

-3

143

-4

-38

589

337

313

368

371

0

0

0

Net impairment losses recognized in earnings

-

-

1

1

-

1

0

0

0

0

0

0

0

0

1

1

1

1

3

4

4

4

4

12

13

13

10

1

0

0

2

2

2

2

0

0

4

6

22

34

0

0

0

Equity in losses of limited partnerships

-1

0

1

-1

-1

-0

1

2

2

2

9

5

7

7

-0

5

13

16

18

49

65

113

160

163

175

161

144

148

146

131

98

97

98

149

220

208

197

128

21

-133

0

0

0

Total investment (loss) income

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investment income

-

-

38

32

-

25

27

27

28

28

35

30

31

27

18

21

29

33

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

0

0

1

2

2

2

2

1

1

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

3

3

-

3

-0

-0

-1

-1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Insurance losses and loss expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,958

3,991

3,924

3,659

3,467

3,480

3,524

3,606

3,480

3,291

3,227

3,454

3,444

3,416

3,278

2,845

2,900

2,839

2,789

0

0

0

Policy acquisition and underwriting expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,336

1,318

1,288

1,265

1,237

1,204

1,171

1,156

1,133

1,108

1,083

1,045

1,022

1,019

1,008

989

969

998

987

0

0

0

Total benefits and expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,294

5,309

5,212

4,924

4,704

4,684

4,695

4,762

4,613

4,399

4,310

4,499

4,466

4,457

4,308

3,856

3,891

3,837

3,776

0

0

0

Income before income taxes

377

396

403

388

383

371

353

337

325

315

321

318

322

320

296

284

277

266

597

671

732

830

923

1,171

1,287

1,567

1,262

1,134

801

899

1,159

584

480

358

350

1,060

1,183

999

938

791

0

0

0

Income tax expense

76

79

84

82

85

83

95

101

111

118

110

109

110

109

101

98

95

91

199

215

230

257

289

378

420

519

409

364

246

280

378

167

132

90

109

364

411

339

280

137

0

0

0

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

573

634

793

867

1,048

853

770

555

619

781

417

348

268

241

696

772

660

658

654

0

0

0

Less: Net (loss) income attributable to noncontrolling interest in consolidated entity  Exchange

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

405

456

616

695

885

696

608

394

459

625

265

187

99

86

534

613

498

468

485

0

0

0

Net Income (Loss) Attributable to Parent

300

316

319

305

297

288

257

236

214

196

210

209

212

210

194

186

181

174

170

167

160

168

178

177

172

163

157

162

161

160

156

152

161

169

155

162

159

162

190

169

0

0

0

Management fee revenue - policy issuance and renewal services, net
Revenue from Contract with Customer, Excluding Assessed Tax

1,823

1,810

1,793

1,770

1,744

1,719

1,705

1,689

1,676

1,662

1,640

1,616

1,592

1,567

1,544

1,522

1,499

1,475

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

1,551

1,537

1,514

1,499

1,474

1,457

1,446

1,432

1,417

1,401

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Management fee revenue - administrative services, net
Revenue from Contract with Customer, Excluding Assessed Tax

58

57

56

55

54

53

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Administrative services reimbursement revenue
Revenue from Contract with Customer, Excluding Assessed Tax

591

582

578

576

576

580

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

591

582

578

576

576

580

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service agreement revenue
Revenue from Contract with Customer, Excluding Assessed Tax

27

27

28

28

28

28

28

28

29

29

29

29

29

29

29

29

29

29

30

31

31

32

32

32

32

32

32

32

32

32

32

33

33

34

35

35

0

-

0

0

-

-

-

Class A common stock
Earnings Per Share, Basic

1.27

1.28

2.02

1.88

1.62

1.34

1.73

1.71

1.41

0.68

1.26

1.26

1.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

1.13

1.14

1.80

1.68

1.44

1.19

1.54

1.52

1.26

0.61

1.12

1.12

0.91

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

46

46

46

46

46

46

46

46

46

46

46

46

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

52

52

52

52

52

52

52

52

52

52

52

52

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Dividends, Per Share, Declared

0.96

-

0.90

0.90

0.90

-

0.84

0.84

0.84

-

0.78

0.78

0.78

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B Common Stock
Earnings Per Share, Basic

-

-

303.00

283.00

-

200.00

259.00

257.00

212.00

103.00

189.00

189.00

154.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

-

-

303.00

283.00

-

200.00

259.00

257.00

212.00

103.00

189.00

188.00

154.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B common stock
Earnings Per Share, Basic and Diluted

191.00

-

-

-

243.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Diluted

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Dividends, Per Share, Declared

144.75

-

135.00

135.00

135.00

-

126.00

126.00

126.00

-

117.37

117.37

117.37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-