Erie Indemnity Company Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	559.34	600.31	446.06	298.57	297.86
Depreciation & Amortization	76.78	63.91	53.59	51.72	49.1
Loss (Gain) From Sale of Assets	5.74	3.87	1.61	0.17	-0.01
Loss (Gain) From Sale of Investments	0.98	0.9	15.6	27.95	-28.25
Other Operating Activities	12.53	3.15	12.77	22.38	-1.85
Change in Accounts Receivable	-28.53	-81.72	-100.4	-45.81	15.51
Change in Accounts Payable	-7.8	-7.52	7.24	18.99	-4.82
Change in Unearned Revenue	6.9	2.81	6.68	1.82	-3.18
Change in Other Net Operating Assets	60.72	25.54	-61.94	-9.65	78.44
Operating Cash Flow	686.66	611.25	381.21	366.15	402.79
Operating Cash Flow Growth	12.34%	60.35%	4.11%	-9.10%	17.57%
Capital Expenditures	-115.69	-124.85	-92.65	-67.2	-148.8
Sale of Property, Plant & Equipment	-	-	-	0.27	-
Investment in Securities	-301	-75.77	-53.01	-36.88	-39.69
Investing Cash Flow	-439.33	-226.91	-157.57	-106.92	-185.49
Short-Term Debt Issued	-	-	-	55	-
Total Debt Issued	-	-	-	55	-
Short-Term Debt Repaid	-	-	-	-55	-
Long-Term Debt Repaid	-	-	-	-94.07	-2.04
Total Debt Repaid	-	-	-	-149.07	-2.04
Net Debt Issued (Repaid)	-	-	-	-94.07	-2.04
Common Dividends Paid	-254.28	-237.51	-221.68	-206.77	-192.8
Other Financing Activities	54.42	7.51	-	-	-
Financing Cash Flow	-199.85	-230	-221.68	-300.84	-194.84
Net Cash Flow	47.48	154.34	1.97	-41.61	22.46
Free Cash Flow	570.97	486.4	288.56	298.95	253.99
Free Cash Flow Growth	17.39%	68.56%	-3.48%	17.70%	-11.52%
Free Cash Flow Margin	14.04%	12.82%	8.83%	10.53%	9.64%
Free Cash Flow Per Share	10.92	9.30	5.52	5.72	4.86
Cash Interest Paid	-	-	-	2.13	4.14
Cash Income Tax Paid	104	159.87	104.37	80.62	84.49
Levered Free Cash Flow	499.9	369.27	258.35	192.7	112.81
Unlevered Free Cash Flow	499.9	369.27	258.35	193.96	115.39
Change in Working Capital	31.29	-60.89	-148.43	-34.65	85.96

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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