2019 Q2 Form 10-Q Financial Statement

#000092262119000023 Filed on July 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $8.289M $7.431M
YoY Change 11.55% -98.34%
Cost Of Revenue $551.1M $526.1M
YoY Change 4.75% 44.1%
Gross Profit $96.60M $95.30M
YoY Change 1.36% 14.27%
Gross Profit Margin 1165.4% 1282.47%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $551.1M $526.1M
YoY Change 4.74% 44.1%
Operating Profit $96.61M $95.32M
YoY Change 1.35% 14.23%
Interest Expense $272.0K $602.0K
YoY Change -54.82% 134.24%
% of Operating Profit 0.28% 0.63%
Other Income/Expense, Net $9.652M $58.00K
YoY Change 16541.38% -114.25%
Pretax Income $106.0M $101.0M
YoY Change 5.0% 13.17%
Income Tax $18.28M $21.28M
% Of Pretax Income 17.24% 21.07%
Net Earnings $87.75M $79.71M
YoY Change 10.1% 36.19%
Net Earnings / Revenue 1058.68% 1072.61%
Basic Earnings Per Share
Diluted Earnings Per Share $1.503M $1.365M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $399.5M $305.8M
YoY Change 30.64% 40.91%
Cash & Equivalents $338.3M $198.4M
Short-Term Investments $61.21M $107.4M
Other Short-Term Assets $42.00M $45.00M
YoY Change -6.67% 25.0%
Inventory
Prepaid Expenses
Receivables $488.0M $452.0M
Other Receivables $7.000M $25.00M
Total Short-Term Assets $937.2M $828.1M
YoY Change 13.19% 23.39%
LONG-TERM ASSETS
Property, Plant & Equipment $200.0M $95.00M
YoY Change 110.53% 33.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.34M $39.65M
YoY Change -23.47% -25.51%
Other Assets $89.57M $47.83M
YoY Change 87.25% 113.97%
Total Long-Term Assets $952.4M $824.2M
YoY Change 15.55% -8.03%
TOTAL ASSETS
Total Short-Term Assets $937.2M $828.1M
Total Long-Term Assets $952.4M $824.2M
Total Assets $1.890B $1.652B
YoY Change 14.37% 5.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.0M $97.00M
YoY Change 16.49% 11.49%
Accrued Expenses $63.00M $56.00M
YoY Change 12.5% -11.11%
Deferred Revenue $35.37M $33.14M
YoY Change 6.75%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.914M $925.0K
YoY Change 106.92%
Total Short-Term Liabilities $535.4M $497.9M
YoY Change 7.53% 15.51%
LONG-TERM LIABILITIES
Long-Term Debt $96.86M $98.80M
YoY Change -1.96% 98.62%
Other Long-Term Liabilities $32.76M $422.0K
YoY Change 7663.27% -57.97%
Total Long-Term Liabilities $129.6M $99.22M
YoY Change 30.64% 95.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $535.4M $497.9M
Total Long-Term Liabilities $129.6M $99.22M
Total Liabilities $826.2M $772.1M
YoY Change 7.01% 8.13%
SHAREHOLDERS EQUITY
Retained Earnings $2.311B $2.170B
YoY Change 6.5% 3.35%
Common Stock $16.48M $16.46M
YoY Change 0.15% -0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.063B $880.2M
YoY Change
Total Liabilities & Shareholders Equity $1.890B $1.652B
YoY Change 14.37% 5.43%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $87.75M $79.71M
YoY Change 10.1% 36.19%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $90.20M $81.80M
YoY Change 10.27% 9.65%
INVESTING ACTIVITIES
Capital Expenditures -$16.90M -$9.400M
YoY Change 79.79% 46.88%
Acquisitions
YoY Change
Other Investing Activities -$4.700M $20.50M
YoY Change -122.93% -191.11%
Cash From Investing Activities -$21.60M $11.00M
YoY Change -296.36% -138.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.40M -14.10M
YoY Change 200.71% 23.68%
NET CHANGE
Cash From Operating Activities 90.20M 81.80M
Cash From Investing Activities -21.60M 11.00M
Cash From Financing Activities -42.40M -14.10M
Net Change In Cash 26.20M 78.70M
YoY Change -66.71% 128.78%
FREE CASH FLOW
Cash From Operating Activities $90.20M $81.80M
Capital Expenditures -$16.90M -$9.400M
Free Cash Flow $107.1M $91.20M
YoY Change 17.43% 12.59%

Facts In Submission

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CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-5427000 USD
CY2018Q1 erie Net Treasury Stock Value Acquired Held And Reissued
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9000 USD
CY2018Q1 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 USD
CY2018Q1 us-gaap Stockholders Equity
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840155000 USD
CY2018Q2 us-gaap Net Income Loss
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79706000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-551000 USD
CY2018Q2 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
2000 USD
CY2018Q2 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 USD
CY2018Q2 erie Distributions From Rabbi Trust Plans
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CY2018Q2 us-gaap Stockholders Equity
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880188000 USD
erie Proceeds From Insurance Agency Management Fees Received
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902958000 USD
erie Proceeds From Insurance Agency Management Fees Received
ProceedsFromInsuranceAgencyManagementFeesReceived
859694000 USD
erie Administrative Services Reimbursements Received
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296390000 USD
erie Administrative Services Reimbursements Received
AdministrativeServicesReimbursementsReceived
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ProceedsFromFeesReceived
13599000 USD
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ProceedsFromFeesReceived
14225000 USD
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ProceedsFromInterestAndDividendsReceived
16799000 USD
us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
17279000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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1292000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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erie Pension Contributionsand Paymentsfor Other Labor Related Expenses
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us-gaap Payments To Employees
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us-gaap Payments To Employees
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erie Pension Contributionsand Paymentsfor Other Labor Related Expenses
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erie Payments For Agent Bonuses
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108540000 USD
erie Payments For Agent Bonuses
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erie Administrative Services Expenses Paid
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us-gaap Net Cash Provided By Used In Operating Activities
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0 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1035000 USD
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9000 USD
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215000 USD
us-gaap Payments To Acquire Other Investments
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124000 USD
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0 USD
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0 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1157000 USD
us-gaap Proceeds From Limited Partnership Investments
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2450000 USD
us-gaap Proceeds From Limited Partnership Investments
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2682000 USD
us-gaap Payments To Acquire Productive Assets
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34260000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
18121000 USD
us-gaap Payments To Acquire Loans Receivable
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6947000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
24440000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
3991000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
3106000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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42215000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
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us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
71845000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-17309000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
266417000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
215721000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
338262000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
198412000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
33136000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
14980000 USD
us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span 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. </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Our primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. We also act as attorney-in-fact on behalf of the Exchange with respect to all claims handling and investment management services, as well as the service provider for all claims handling, life insurance, and investment management services for its insurance subsidiaries, collectively referred to as "administrative services". Acting as attorney-in-fact in these </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> capacities 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.  Pursuant to the subscriber's agreement for acting as attorney-in-fact in these </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> capacities, we earn a management fee calculated as a percentage of the direct and affiliated assumed premiums written by the Exchange.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The policy issuance and renewal 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. Included in these expenses are allocations of costs for departments that support these policy issuance and renewal functions.</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">By virtue of its legal structure as a reciprocal insurer, the Exchange does not have any employees or officers. Therefore, it enters into contractual relationships by and through an attorney-in-fact. Indemnity serves as the attorney-in-fact on behalf of the Exchange with respect to its administrative services. The Exchange's insurance subsidiaries also utilize Indemnity for these services in accordance with the service agreements between each of the subsidiaries and Indemnity. Claims handling services include costs incurred in the claims process, including the adjustment, investigation, defense, recording and payment functions. Life insurance management services include costs incurred in the management and processing of life insurance business. Investment management services are related to investment trading activity, accounting and all other functions attributable to the investment of funds. Included in these expenses are allocations of costs for departments that support these administrative functions. The amounts incurred for these services are reimbursed to Indemnity at cost in accordance with the subscriber's agreement and the service agreements. State insurance regulations require that intercompany service agreements and any material amendments be approved in advance by the state insurance department. </span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>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 and cost reimbursements. See Note 13, "Concentrations of Credit Risk".
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 Obligations
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 Obligations
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of estimates</span></div><div style="line-height:120%;font-size:10pt;"><span 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.</span></div>
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32700000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
32100000 USD
erie Insurance Agency Management Fee Percent
InsuranceAgencyManagementFeePercent
0.25
erie Insurance Agency Management Fee Percent
InsuranceAgencyManagementFeePercent
0.25
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 Obligations
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 Obligations
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 Obligations
CY2018Q2 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-32000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
62962000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
63031000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
358056000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
358508000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
127215000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
127364000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
139547000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
140205000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
687780000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
689108000 USD
CY2019Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8289000 USD
CY2018Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7431000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
17056000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
14691000 USD
CY2019Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
259000 USD
CY2018Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
327000 USD
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
509000 USD
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
767000 USD
CY2019Q2 us-gaap Net Investment Income
NetInvestmentIncome
8030000 USD
CY2018Q2 us-gaap Net Investment Income
NetInvestmentIncome
7104000 USD
us-gaap Net Investment Income
NetInvestmentIncome
16547000 USD
us-gaap Net Investment Income
NetInvestmentIncome
13924000 USD
CY2019Q2 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
1302000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
3805000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-497000 USD
CY2019Q2 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
100000 USD
CY2018Q2 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
600000 USD
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
200000 USD
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
600000 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
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
404000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-219000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-743000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-411000 USD
CY2019Q2 us-gaap Equity Method Investments
EquityMethodInvestments
30344000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
34821000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26587000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11736000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
14539000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
26275000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3600000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
7200000 USD
CY2019Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
8464000 USD
CY2018Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
9513000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
16927000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
19026000 USD
CY2019Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
9826000 USD
CY2018Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
8845000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
19653000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
17691000 USD
CY2019Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
11871000 USD
CY2018Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12814000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
23742000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
25629000 USD
CY2019Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
348000 USD
CY2018Q2 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
338000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
697000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
676000 USD
CY2019Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1278000 USD
CY2018Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-3202000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2556000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-6404000 USD
CY2019Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
8045000 USD
CY2018Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
9084000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
16091000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
18168000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.172
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.211
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.191
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.210
CY2019Q2 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
-4100000 USD
CY2019Q2 erie Income Tax Expense Benefit Uncertain Tax Position Related Interest
IncomeTaxExpenseBenefitUncertainTaxPositionRelatedInterest
1000000.0 USD
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.038
us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.020
CY2019Q2 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
483300000 USD
CY2018Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
449900000 USD
CY2019Q2 us-gaap Other Commitment
OtherCommitment
9900000 USD

Files In Submission

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