$ERIE
ERIE INDEMNITY CO Stock $erie

$erie Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000092262116000102 Filed on July 28, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$423.9M	$401.7M
YoY Change	5.53%	7.4%
Cost Of Revenue		$976.0M
YoY Change		-13.32%
Gross Profit		-$574.3M
YoY Change		-23.63%
Gross Profit Margin		-142.99%
Selling, General & Admin	$55.00M	$57.40M
YoY Change	-4.18%	-82.34%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$338.1M	$331.7M
YoY Change	1.94%	8.37%
Operating Profit	$85.76M	$69.98M
YoY Change	22.54%	-106.61%
Interest Expense	$7.400M	$15.70M
YoY Change	-52.87%	-88.62%
% of Operating Profit	8.63%	22.43%
Other Income/Expense, Net
YoY Change
Pretax Income	$93.16M	$85.69M
YoY Change	8.72%	14.57%
Income Tax	$31.85M	$29.54M
% Of Pretax Income	34.19%	34.47%
Net Earnings	$61.31M	$56.15M
YoY Change	9.19%	14.48%
Net Earnings / Revenue	14.46%	13.98%
Basic Earnings Per Share
Diluted Earnings Per Share	$1.170M	$1.068M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$171.0M	$421.0M
YoY Change	-59.38%	40.33%
Cash & Equivalents	$124.1M	$76.58M
Short-Term Investments	$47.00M
Other Short-Term Assets	$34.00M
YoY Change
Inventory
Prepaid Expenses
Receivables	$393.0M
Other Receivables	$0.00
Total Short-Term Assets	$597.7M	$421.0M
YoY Change	41.96%	40.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$59.00M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$70.95M	$943.0M
YoY Change	-92.48%	-12.03%
Other Assets	$18.89M	$1.383B
YoY Change	-98.63%	9.33%
Total Long-Term Assets	$817.2M	$17.65B
YoY Change	-95.37%	2.84%
TOTAL ASSETS
Total Short-Term Assets	$597.7M	$421.0M
Total Long-Term Assets	$817.2M	$17.65B
Total Assets	$1.415B	$18.07B
YoY Change	-92.17%	3.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$91.00M
YoY Change
Accrued Expenses	$58.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$415.5M	$8.807B
YoY Change	-95.28%	3.11%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$140.0K	$687.0M
YoY Change	-99.98%	26.99%
Total Long-Term Liabilities	$140.0K	$687.0M
YoY Change	-99.98%	26.99%
TOTAL LIABILITIES
Total Short-Term Liabilities	$415.5M	$8.807B
Total Long-Term Liabilities	$140.0K	$687.0M
Total Liabilities	$599.6M	$9.907B
YoY Change	-93.95%	2.78%
SHAREHOLDERS EQUITY
Retained Earnings	$2.033B
YoY Change
Common Stock	$16.30M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$815.2M	$732.0M
YoY Change
Total Liabilities & Shareholders Equity	$1.415B	$18.07B
YoY Change	-92.17%	3.49%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$61.31M	$56.15M
YoY Change	9.19%	14.48%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$72.30M	$57.20M
YoY Change	26.4%	-70.05%
INVESTING ACTIVITIES
Capital Expenditures	-$3.800M	-$2.900M
YoY Change	31.03%	-73.64%
Acquisitions
YoY Change
Other Investing Activities	-$15.60M	-$3.600M
YoY Change	333.33%	-98.41%
Cash From Investing Activities	-$19.50M	-$6.400M
YoY Change	204.69%	-97.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-34.00M	-31.70M
YoY Change	7.26%	-3.94%
NET CHANGE
Cash From Operating Activities	72.30M	57.20M
Cash From Investing Activities	-19.50M	-6.400M
Cash From Financing Activities	-34.00M	-31.70M
Net Change In Cash	18.80M	19.10M
YoY Change	-1.57%	-124.18%
FREE CASH FLOW
Cash From Operating Activities	$72.30M	$57.20M
Capital Expenditures	-$3.800M	-$2.900M
Free Cash Flow	$76.10M	$60.10M
YoY Change	26.62%	-70.25%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-689000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000922621
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	ERIE INDEMNITY CO
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
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	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	13065000	USD
CY2016Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2114000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1444000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	29538000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	49674000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	31854000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	56183000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	46018000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	42258000	USD
CY2015Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	11947000	USD
CY2016Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	0	USD
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	10415000	USD
	us-gaap	Increase Decrease In Due From Related Parties Current IncreaseDecreaseInDueFromRelatedPartiesCurrent	12288000	USD
CY2015Q2	us-gaap	Insurance Agency Management Fee InsuranceAgencyManagementFee	394224000	USD
	us-gaap	Insurance Agency Management Fee InsuranceAgencyManagementFee	737458000	USD
CY2016Q2	us-gaap	Insurance Agency Management Fee InsuranceAgencyManagementFee	416665000	USD
	us-gaap	Insurance Agency Management Fee InsuranceAgencyManagementFee	784123000	USD
CY2015Q2	us-gaap	Insurance Commissions InsuranceCommissions	223731000	USD
	us-gaap	Insurance Commissions InsuranceCommissions	417448000	USD
CY2016Q2	us-gaap	Insurance Commissions InsuranceCommissions	235794000	USD
	us-gaap	Insurance Commissions InsuranceCommissions	444508000	USD
CY2015Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	4671000	USD
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	9304000	USD
CY2016Q2	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	5226000	USD
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	10111000	USD
CY2015Q2	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	236000	USD
	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	328000	USD
CY2016Q2	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	335000	USD
	us-gaap	Investment Income Investment Expense InvestmentIncomeInvestmentExpense	558000	USD
CY2015Q2	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	15705000	USD
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	22244000	USD
CY2016Q2	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	7404000	USD
	us-gaap	Investment Income Nonoperating InvestmentIncomeNonoperating	9963000	USD
CY2015Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	57354000	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	112373000	USD
CY2016Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	55025000	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	108314000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	637793000	USD
CY2016Q2	us-gaap	Liabilities Liabilities	599632000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1407296000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1414826000	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	445699000	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	415502000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-15167000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-58778000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-63429000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-67993000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	6384000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-41267000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	41878000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	50482000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	56150000	USD
	us-gaap	Net Income Loss NetIncomeLoss	94983000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	61309000	USD
	us-gaap	Net Income Loss NetIncomeLoss	107204000	USD
CY2015Q2	us-gaap	Net Investment Income NetInvestmentIncome	4435000	USD
	us-gaap	Net Investment Income NetInvestmentIncome	8976000	USD
CY2016Q2	us-gaap	Net Investment Income NetInvestmentIncome	4891000	USD
	us-gaap	Net Investment Income NetInvestmentIncome	9553000	USD
CY2015Q4	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	25000000	USD
CY2016Q2	us-gaap	Notes Receivable Related Parties Noncurrent NotesReceivableRelatedPartiesNoncurrent	25000000	USD
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	331677000	USD
	us-gaap	Operating Expenses OperatingExpenses	630078000	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	338125000	USD
	us-gaap	Operating Expenses OperatingExpenses	645188000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	69983000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	122413000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	85759000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	153424000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	20968000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	18892000	USD
CY2016Q2	us-gaap	Other Commitment OtherCommitment	18900000	USD
	us-gaap	Other Commitments Description OtherCommitmentsDescription	Contractual commitments to invest in limited partnership investments, consisting of private equity securities, mezzanine debt securities, and real estate activities.
CY2015Q2	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	-2583000	USD
	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	-2483000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	3026000	USD
	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	6491000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-2583000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-2483000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	3026000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	6491000	USD
CY2015Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	50592000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	100257000	USD
CY2016Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	47306000	USD
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	92366000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1580000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	140000	USD
CY2015Q4	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	1234000	USD
CY2016Q2	us-gaap	Other Postretirement Defined Benefit Plan Liabilities Noncurrent OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent	910000	USD
CY2015Q2	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	35000	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	155000	USD
CY2016Q2	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities	345000	USD
CY2015Q2	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
CY2016Q2	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities	0	USD
CY2015Q2	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	35000	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	155000	USD
CY2016Q2	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	0	USD
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities	345000	USD
	us-gaap	Payments For Commissions PaymentsForCommissions	345986000	USD
	us-gaap	Payments For Commissions PaymentsForCommissions	363968000	USD
	us-gaap	Payments For Other Operating Activities PaymentsForOtherOperatingActivities	110519000	USD
	us-gaap	Payments For Other Operating Activities PaymentsForOtherOperatingActivities	91715000	USD
	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	184000	USD
	us-gaap	Payments For Proceeds From Loans Receivable PaymentsForProceedsFromLoansReceivable	-1770000	USD
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	5266000	USD
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	7257000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	63429000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	67993000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	111216000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	161835000	USD
	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	597000	USD
	us-gaap	Payments To Acquire Limited Partnership Interests PaymentsToAcquireLimitedPartnershipInterests	367000	USD
	us-gaap	Payments To Employees PaymentsToEmployees	78266000	USD
	us-gaap	Payments To Employees PaymentsToEmployees	90509000	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	24697000	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	33885000	USD
	us-gaap	Proceeds From Fees Received ProceedsFromFeesReceived	15033000	USD
	us-gaap	Proceeds From Fees Received ProceedsFromFeesReceived	14489000	USD
	us-gaap	Proceeds From Interest And Dividends Received ProceedsFromInterestAndDividendsReceived	12980000	USD
	us-gaap	Proceeds From Interest And Dividends Received ProceedsFromInterestAndDividendsReceived	12921000	USD
	us-gaap	Proceeds From Limited Partnership Investments ProceedsFromLimitedPartnershipInvestments	14708000	USD
	us-gaap	Proceeds From Limited Partnership Investments ProceedsFromLimitedPartnershipInvestments	11246000	USD
	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	108939000	USD
	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	112030000	USD
	us-gaap	Proceeds From Sale Of Trading Securities Heldforinvestment ProceedsFromSaleOfTradingSecuritiesHeldforinvestment	3146000	USD
CY2015Q2	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	598000	USD
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	358000	USD
CY2016Q2	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	399000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1993976000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2033187000	USD
CY2015Q2	us-gaap	Revenues Revenues	401660000	USD
	us-gaap	Revenues Revenues	752491000	USD
CY2016Q2	us-gaap	Revenues Revenues	423884000	USD
	us-gaap	Revenues Revenues	798612000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	769503000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	815194000	USD
CY2015Q4	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	1915593000	USD
CY2016Q2	us-gaap	Stockholders Equity Before Treasury Stock StockholdersEquityBeforeTreasuryStock	1961284000	USD
CY2016Q2	us-gaap	Trading Securities Equity TradingSecuritiesEquity	496000	USD
CY2015Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	22110132	shares
CY2016Q2	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	22110132	shares
CY2015Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	1155108000	USD
CY2016Q2	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	1155301000	USD
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 1.  Nature of Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Erie Indemnity Company ("Indemnity", "we", "us", "our") is a publicly held Pennsylvania business corporation that has since its incorporation in 1925 served as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange ("Exchange").  The Exchange, which also commenced business in 1925, is a Pennsylvania-domiciled reciprocal insurer that writes property and casualty insurance. We function solely as the management company and all insurance operations are performed by the Exchange.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our primary function, as attorney-in-fact, is to perform certain services for the Exchange relating to the sales, underwriting, and issuance of policies on behalf of the Exchange.  This is done in accordance with a subscriber’s agreement (a limited power of attorney) executed individually by each subscriber (policyholder), which appoints us as their common attorney-in-fact to transact certain business on their behalf and to manage the affairs of the Exchange.  Pursuant to the subscriber’s agreement and for its services as attorney-in-fact, we earn a management fee calculated as a percentage of the direct and assumed premiums written by the Exchange.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The services we provide to the Exchange are related to the sales, underwriting and issuance of policies. The sales related services we provide include agent compensation and certain sales and advertising support services. Agent compensation includes scheduled commissions to agents based upon premiums written as well as additional commissions and bonuses to agents, which are earned by achieving targeted measures. The underwriting services we provide include underwriting and policy processing. The remaining services we provide include customer service and administrative support. We also provide information technology services that support all the functions listed above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By virtue of its legal structure as a reciprocal insurer, the Exchange does not have the ability to enter into contractual relationships and therefore Indemnity serves as the attorney-in-fact on behalf of the Exchange for all claims handling services and certain other common overhead and service department functions in accordance with the subscriber’s agreement. The amounts Indemnity incurs on behalf of the Exchange in this capacity are reimbursed to Indemnity from the Exchange at cost. See Note 11, "Related Party" contained within this report. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our results of operations are tied to the growth and financial condition of the Exchange. If any events occurred that impaired the Exchange’s ability to grow or sustain its financial condition, including but not limited to reduced financial strength ratings, disruption in the independent agency relationships, significant catastrophe losses, or products not meeting customer demands, the Exchange could find it more difficult to retain its existing business and attract new business. A decline in the business of the Exchange almost certainly would have as a consequence a decline in the total premiums paid and a correspondingly adverse effect on the amount of the management fees we receive. We also have an exposure to a concentration of credit risk related to the unsecured receivables due from the Exchange for its management fee. See Note 12, "Concentrations of Credit Risk" contained within this report.</font></div></div>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified on the statements of financial position to conform to the current period presentation. These reclassifications had no effect on the previously reported results of operations.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name	View Source	Status
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erie-20160630.xml	Edgar Link	completed
erie-20160630.xsd	Edgar Link	pending
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erie-20160630_pre.xml	Edgar Link	unprocessable
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ex-31106302016.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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$ERIE
ERIE INDEMNITY CO Stock $erie

2016 Q2 Form 10-Q Financial Statement

#000092262116000102 Filed on July 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ERIE ERIE INDEMNITY CO Stock $erie

2016 Q2 Form 10-Q Financial Statement

#000092262116000102 Filed on July 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ERIE
ERIE INDEMNITY CO Stock $erie