Erie Indemnity Company (ERIE)

Erie Indemnity Company Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	274.84	131.51	142.09	183.7	161.24
Short-Term Investments	44.6	82.02	24.27	38.4	17.72
Cash & Short-Term Investments	319.44	213.53	166.36	222.1	178.96
Cash Growth	49.60%	28.36%	-25.10%	24.11%	-51.88%
Accounts Receivable	718.13	634.8	533.24	485.43	500.78
Receivables	810.86	702.58	602.71	485.43	500.78
Prepaid Expenses	-8.83	1.53	9.73	56.21	52.56
Restricted Cash	23.56	12.54	-	-	-
Total Current Assets	1,145	930.19	778.8	763.73	732.3
Property, Plant & Equipment	513.49	442.61	413.87	374.8	265.34
Long-Term Investments	1,090	963.48	942.95	995.43	1,005
Long-Term Deferred Tax Assets	-	-	-	0.15	12.34
Other Long-Term Assets	51.76	69.95	43.3	49.27	40.08
Total Assets	2,889	2,472	2,239	2,242	2,117
Accounts Payable	185.07	170.89	163.19	136.29	149.95
Accrued Expenses	503.6	437.5	409.95	405.85	390.57
Short-Term Debt	7.51	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	2.1	2.03
Current Unearned Revenue	42.76	41.21	36.55	34.94	36.92
Other Current Liabilities	63.57	59.38	55.42	51.69	48.2
Total Current Liabilities	802.51	708.98	665.11	630.86	627.67
Long-Term Debt	-	-	-	91.73	93.83
Long-Term Unearned Revenue	21.17	19.91	17.9	17.69	18.88
Long-Term Deferred Tax Liabilities	6.42	11.48	14.08	-	-
Other Long-Term Liabilities	43.19	42.5	42.74	28.91	24.35
Total Liabilities	901.36	809.13	791.05	899.58	929.07
Common Stock	2.17	2.17	2.17	2.17	2.17
Additional Paid-In Capital	16.47	16.47	16.48	16.5	16.49
Retained Earnings	3,162	2,804	2,583	2,495	2,394
Treasury Stock	-1,169	-1,169	-1,169	-1,168	-1,164
Comprehensive Income & Other	-24.61	9.68	15.45	-3.55	-60.56
Total Common Equity	1,987	1,663	1,448	1,342	1,188
Shareholders' Equity	1,987	1,663	1,448	1,342	1,188
Total Liabilities & Equity	2,889	2,472	2,239	2,242	2,117
Total Debt	7.51	-	-	93.83	95.86
Net Cash (Debt)	311.93	213.53	166.36	128.27	83.09
Net Cash Growth	46.08%	28.36%	29.70%	54.37%	-67.05%
Net Cash Per Share	5.96	4.08	3.18	2.45	1.59
Filing Date Shares Outstanding	52.29	52.29	52.29	52.29	52.29
Total Common Shares Outstanding	52.29	52.29	52.29	52.29	52.29
Working Capital	342.52	221.21	113.69	132.87	104.63
Book Value Per Share	38.00	31.80	27.70	25.67	22.72
Tangible Book Value	1,987	1,663	1,448	1,342	1,188
Tangible Book Value Per Share	38.00	31.80	27.70	25.67	22.72
Land	233.65	216.58	213.26	211.62	121.33
Machinery	75.07	68.39	65.22	63.99	58.42
Construction In Progress	127.92	87.27	63.32	34.57	47.28
Leasehold Improvements	1.38	1.38	1.39	1.34	1.31

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q