Erie Indemnity Company (ERIE)

Erie Indemnity Company Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	235.22	274.84	131.51	142.09	183.7	161.24
Short-Term Investments	52.98	44.6	82.02	24.27	38.4	17.72
Cash & Short-Term Investments	288.19	319.44	213.53	166.36	222.1	178.96
Cash Growth	38.40%	49.60%	28.36%	-25.10%	24.11%	-51.88%
Accounts Receivable	730.75	718.13	634.8	533.24	485.43	500.78
Receivables	743.85	718.13	702.58	602.71	485.43	500.78
Prepaid Expenses	65.29	83.9	1.53	9.73	56.21	52.56
Restricted Cash	25.16	23.56	12.54	-	-	-
Total Current Assets	1,122	1,145	930.19	778.8	763.73	732.3
Property, Plant & Equipment	513.09	513.49	442.61	413.87	374.8	265.34
Long-Term Investments	1,146	1,090	963.48	942.95	995.43	1,005
Long-Term Deferred Tax Assets	-	-	-	-	0.15	12.34
Other Long-Term Assets	100.45	51.76	69.95	43.3	49.27	40.08
Total Assets	2,968	2,889	2,472	2,239	2,242	2,117
Accounts Payable	210.71	185.07	170.89	163.19	136.29	149.95
Accrued Expenses	481.21	503.6	437.5	409.95	405.85	390.57
Short-Term Debt	12.71	7.51	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	2.1	2.03
Current Unearned Revenue	44.1	42.76	41.21	36.55	34.94	36.92
Other Current Liabilities	63.57	63.57	59.38	55.42	51.69	48.2
Total Current Liabilities	812.29	802.51	708.98	665.11	630.86	627.67
Long-Term Debt	-	-	-	-	91.73	93.83
Long-Term Unearned Revenue	21.7	21.17	19.91	17.9	17.69	18.88
Long-Term Deferred Tax Liabilities	3.7	6.42	11.48	14.08	-	-
Other Long-Term Liabilities	36.98	43.19	42.5	42.74	28.91	24.35
Total Liabilities	900.88	901.36	809.13	791.05	899.58	929.07
Common Stock	2.17	2.17	2.17	2.17	2.17	2.17
Additional Paid-In Capital	16.49	16.47	16.47	16.48	16.5	16.49
Retained Earnings	3,237	3,162	2,804	2,583	2,495	2,394
Treasury Stock	-1,170	-1,169	-1,169	-1,169	-1,168	-1,164
Comprehensive Income & Other	-18.93	-24.61	9.68	15.45	-3.55	-60.56
Total Common Equity	2,067	1,987	1,663	1,448	1,342	1,188
Shareholders' Equity	2,067	1,987	1,663	1,448	1,342	1,188
Total Liabilities & Equity	2,968	2,889	2,472	2,239	2,242	2,117
Total Debt	12.71	7.51	-	-	93.83	95.86
Net Cash (Debt)	275.49	311.93	213.53	166.36	128.27	83.09
Net Cash Growth	32.30%	46.08%	28.36%	29.70%	54.37%	-67.05%
Net Cash Per Share	5.27	5.96	4.08	3.18	2.45	1.59
Filing Date Shares Outstanding	52.29	52.29	52.29	52.29	52.29	52.29
Total Common Shares Outstanding	52.29	52.29	52.29	52.29	52.29	52.29
Working Capital	310.2	342.52	221.21	113.69	132.87	104.63
Book Value Per Share	39.54	38.00	31.80	27.70	25.67	22.72
Tangible Book Value	2,067	1,987	1,663	1,448	1,342	1,188
Tangible Book Value Per Share	39.54	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 Apr 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q