2019 Q3 Form 10-Q Financial Statement

#000092262119000038 Filed on October 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q4 2018 Q3
Revenue $8.801M $576.5M $7.930M
YoY Change 10.98% 43.61% -98.21%
Cost Of Revenue $532.8M $501.7M $515.4M
YoY Change 3.38% 46.35% 42.65%
Gross Profit $105.9M $74.80M $96.70M
YoY Change 9.51% 27.65% 19.09%
Gross Profit Margin 1203.27% 12.98% 1219.42%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $532.8M $501.7M $515.4M
YoY Change 3.38% 46.37% 42.68%
Operating Profit $105.9M -$426.9M $96.70M
YoY Change 9.53% 50.23% 19.03%
Interest Expense $111.0K $5.300M $709.0K
YoY Change -84.34% 1110.05% 88.06%
% of Operating Profit 0.1% 0.73%
Other Income/Expense, Net $13.61M $3.500M $54.00K
YoY Change 25096.3% -600.0% -113.01%
Pretax Income $119.5M $82.64M $104.5M
YoY Change 14.39% 27.85% 17.56%
Income Tax $25.33M $20.30M $24.03M
% Of Pretax Income 21.2% 24.56% 23.0%
Net Earnings $94.17M $62.31M $80.45M
YoY Change 17.06% 94.41% 37.41%
Net Earnings / Revenue 1069.98% 10.81% 1014.45%
Basic Earnings Per Share
Diluted Earnings Per Share $1.613M $1.067M $1.377M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $377.9M $668.8M $349.7M
YoY Change 8.05% 133.02% 39.89%
Cash & Equivalents $344.9M $266.4M $244.7M
Short-Term Investments $32.98M $402.3M $105.0M
Other Short-Term Assets $48.00M $37.00M $44.00M
YoY Change 9.09% 5.71% 22.22%
Inventory
Prepaid Expenses
Receivables $503.0M $455.0M $470.0M
Other Receivables $6.000M $8.000M $25.00M
Total Short-Term Assets $934.9M $1.169B $888.9M
YoY Change 5.18% 45.78% 23.34%
LONG-TERM ASSETS
Property, Plant & Equipment $218.0M $131.0M $122.0M
YoY Change 78.69% 57.83% 62.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $32.17M $34.82M $37.09M
YoY Change -13.26% -22.83% -25.0%
Other Assets $95.14M $61.59M $62.54M
YoY Change 52.13% 113.91% 112.54%
Total Long-Term Assets $1.040B $609.4M $870.6M
YoY Change 19.42% -29.47% -4.4%
TOTAL ASSETS
Total Short-Term Assets $934.9M $1.169B $888.9M
Total Long-Term Assets $1.040B $609.4M $870.6M
Total Assets $1.975B $1.778B $1.760B
YoY Change 12.22% 6.75% 7.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.0M $111.0M $113.0M
YoY Change 6.19% 5.71% 14.14%
Accrued Expenses $85.00M $103.0M $79.00M
YoY Change 7.59% -16.26% -15.05%
Deferred Revenue $36.32M $33.85M $34.09M
YoY Change 6.55%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.959M $1.870M $1.395M
YoY Change 40.43%
Total Short-Term Liabilities $568.8M $547.1M $544.5M
YoY Change 4.47% 7.29% 12.64%
LONG-TERM LIABILITIES
Long-Term Debt $96.35M $97.86M $98.33M
YoY Change -2.02% 30.95% 97.72%
Other Long-Term Liabilities $22.40M $11.91M $9.828M
YoY Change 127.88% 527.38% 551.29%
Total Long-Term Liabilities $118.7M $109.8M $108.2M
YoY Change 9.78% 43.26% 111.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $568.8M $547.1M $544.5M
Total Long-Term Liabilities $118.7M $109.8M $108.2M
Total Liabilities $855.3M $804.7M $838.5M
YoY Change 2.01% -0.48% 10.87%
SHAREHOLDERS EQUITY
Retained Earnings $2.363B $2.231B $2.211B
YoY Change 6.87% 4.23% 4.22%
Common Stock $16.48M $16.46M $16.46M
YoY Change 0.15% -0.07% -0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.119B $973.7M $921.0M
YoY Change
Total Liabilities & Shareholders Equity $1.975B $1.778B $1.760B
YoY Change 12.22% 6.75% 7.85%

Cashflow Statement

Concept 2019 Q3 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $94.17M $62.31M $80.45M
YoY Change 17.06% 94.41% 37.41%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $123.5M $89.30M $132.7M
YoY Change -6.93% 16.28% 64.23%
INVESTING ACTIVITIES
Capital Expenditures -$34.10M -$7.600M -$30.60M
YoY Change 11.44% -30.28% 282.5%
Acquisitions
YoY Change
Other Investing Activities -$40.40M -$20.80M -$16.80M
YoY Change 140.48% -10.73% -566.67%
Cash From Investing Activities -$74.40M -$28.40M -$47.30M
YoY Change 57.29% -17.2% 951.11%
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 -39.10M -39.20M
YoY Change 8.16% 242.98% 7.4%
NET CHANGE
Cash From Operating Activities 123.5M 89.30M 132.7M
Cash From Investing Activities -74.40M -28.40M -47.30M
Cash From Financing Activities -42.40M -39.10M -39.20M
Net Change In Cash 6.700M 21.80M 46.20M
YoY Change -85.5% -29.9% 16.08%
FREE CASH FLOW
Cash From Operating Activities $123.5M $89.30M $132.7M
Capital Expenditures -$34.10M -$7.600M -$30.60M
Free Cash Flow $157.6M $96.90M $163.3M
YoY Change -3.49% 10.49% 83.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0000922621
CY2018Q3 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
CY2019Q3 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
CY2018Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
22110132 shares
CY2019Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
22110132 shares
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2019-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-24000
dei Entity Registrant Name
EntityRegistrantName
ERIE INDEMNITY COMPANY
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
25-0466020
dei Entity Address Address Line1
EntityAddressAddressLine1
100 Erie Insurance Place,
dei Entity Address City Or Town
EntityAddressCityOrTown
Erie,
dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
16530
dei City Area Code
CityAreaCode
814
dei Local Phone Number
LocalPhoneNumber
870-2000
dei Security12b Title
Security12bTitle
Class A common stock,
dei Trading Symbol
TradingSymbol
ERIE
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
638742000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
612126000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1880558000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1805744000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
532835000 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
515431000 USD
us-gaap Operating Expenses
OperatingExpenses
1591919000 USD
us-gaap Operating Expenses
OperatingExpenses
1536159000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
96695000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
288639000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
105907000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
269585000 USD
CY2019Q3 us-gaap Net Investment Income
NetInvestmentIncome
8652000 USD
CY2018Q3 us-gaap Net Investment Income
NetInvestmentIncome
7659000 USD
us-gaap Net Investment Income
NetInvestmentIncome
25199000 USD
us-gaap Net Investment Income
NetInvestmentIncome
21583000 USD
CY2019Q3 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
1696000 USD
CY2018Q3 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
0 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
5501000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-497000 USD
CY2019Q3 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
31000 USD
CY2018Q3 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
0 USD
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
193000 USD
us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
646000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3289000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
772000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2546000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
361000 USD
CY2019Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
13606000 USD
CY2018Q3 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
8431000 USD
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
33053000 USD
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
20801000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
111000 USD
CY2018Q3 us-gaap Interest Expense
InterestExpense
709000 USD
us-gaap Interest Expense
InterestExpense
832000 USD
us-gaap Interest Expense
InterestExpense
1864000 USD
CY2019Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
100000 USD
CY2018Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
54000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
195000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
156000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
119502000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
104471000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
321055000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
288678000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25333000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24025000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
63821000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62768000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
94169000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
80446000 USD
us-gaap Net Income Loss
NetIncomeLoss
257234000 USD
us-gaap Net Income Loss
NetIncomeLoss
225910000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
94169000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
80446000 USD
us-gaap Net Income Loss
NetIncomeLoss
257234000 USD
us-gaap Net Income Loss
NetIncomeLoss
225910000 USD
CY2019Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
2330000 USD
CY2018Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-492000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
10387000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-6470000 USD
CY2019Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-1231000 USD
CY2018Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-3694000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3561000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-492000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14081000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6470000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
97730000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
79954000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
271315000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
219440000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344872000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
266417000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
32984000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
402339000 USD
CY2019Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
497985000 USD
CY2018Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
449873000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
47712000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
36892000 USD
CY2019Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
6075000 USD
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
8162000 USD
CY2019Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
5267000 USD
CY2018Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
5263000 USD
CY2019Q3 us-gaap Assets Current
AssetsCurrent
934895000 USD
CY2018Q4 us-gaap Assets Current
AssetsCurrent
1168946000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
647649000 USD
CY2018Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
346184000 USD
CY2019Q3 erie Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
55052000 USD
CY2018Q4 erie Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
11853000 USD
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
32171000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
34821000 USD
CY2019Q3 erie Finite Lived Intangible Assets And Property Plant And Equipment Net
FiniteLivedIntangibleAssetsAndPropertyPlantAndEquipmentNet
194170000 USD
CY2018Q4 erie Finite Lived Intangible Assets And Property Plant And Equipment Net
FiniteLivedIntangibleAssetsAndPropertyPlantAndEquipmentNet
130832000 USD
CY2019Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
15505000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24101000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
95138000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
61590000 USD
CY2019Q3 us-gaap Assets
Assets
1974580000 USD
CY2018Q4 us-gaap Assets
Assets
1778327000 USD
CY2019Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
272932000 USD
CY2018Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
241573000 USD
CY2019Q3 erie Agent Bonuses Payable Current
AgentBonusesPayableCurrent
73921000 USD
CY2018Q4 erie Agent Bonuses Payable Current
AgentBonusesPayableCurrent
103462000 USD
CY2019Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
131453000 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
111291000 USD
CY2019Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
41913000 USD
CY2018Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
41910000 USD
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
36318000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33854000 USD
CY2019Q3 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
10328000 USD
CY2018Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
13107000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1959000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1870000 USD
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
568824000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
547067000 USD
CY2019Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
136078000 USD
CY2018Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
116866000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
96346000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
97860000 USD
CY2019Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
18648000 USD
CY2018Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
17873000 USD
CY2019Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
13017000 USD
CY2018Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
13075000 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
22396000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11914000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
855309000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
804655000 USD
CY2019Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
16483000 USD
CY2018Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
16459000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-116203000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-130284000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2362911000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2231417000 USD
CY2019Q3 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
2265361000 USD
CY2018Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
2119762000 USD
CY2019Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1158620000 USD
CY2018Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1157625000 USD
CY2019Q3 erie Common Stock Issued Director Stock Trust
CommonStockIssuedDirectorStockTrust
12530000 USD
CY2018Q4 erie Common Stock Issued Director Stock Trust
CommonStockIssuedDirectorStockTrust
11535000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1119271000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
973672000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1974580000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1778327000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
973672000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
75311000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6710000 USD
CY2019Q1 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
-24000 USD
CY2019Q1 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1013804000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
87754000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3810000 USD
CY2019Q2 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 USD
CY2019Q2 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 USD
CY2019Q2 erie Distributions From Rabbi Trust Plans
DistributionsFromRabbiTrustPlans
0 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
1063454000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
94169000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3561000 USD
CY2019Q3 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 USD
CY2019Q3 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1119271000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
857344000 USD
CY2018Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-38392000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
65758000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5427000 USD
CY2018Q1 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
9000 USD
CY2018Q1 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
840155000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
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
DistributionsFromRabbiTrustPlans
0 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
880188000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
80446000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-492000 USD
CY2018Q3 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 USD
CY2018Q3 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
921023000 USD
erie Proceeds From Insurance Agency Management Fees Received
ProceedsFromInsuranceAgencyManagementFeesReceived
1387877000 USD
erie Proceeds From Insurance Agency Management Fees Received
ProceedsFromInsuranceAgencyManagementFeesReceived
1309769000 USD
erie Administrative Services Reimbursements Received
AdministrativeServicesReimbursementsReceived
420697000 USD
erie Administrative Services Reimbursements Received
AdministrativeServicesReimbursementsReceived
428071000 USD
us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
20754000 USD
us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
21297000 USD
us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
25461000 USD
us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
26625000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1596000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
6008000 USD
us-gaap Payments For Commissions
PaymentsForCommissions
669618000 USD
us-gaap Payments For Commissions
PaymentsForCommissions
639574000 USD
erie Payments For Agent Bonuses
PaymentsForAgentBonuses
112262000 USD
erie Payments For Agent Bonuses
PaymentsForAgentBonuses
130657000 USD
us-gaap Payments To Employees
PaymentsToEmployees
138279000 USD
us-gaap Payments To Employees
PaymentsToEmployees
136868000 USD
erie Pension Contributionsand Paymentsfor Other Labor Related Expenses
PensionContributionsandPaymentsforOtherLaborRelatedExpenses
31926000 USD
erie Pension Contributionsand Paymentsfor Other Labor Related Expenses
PensionContributionsandPaymentsforOtherLaborRelatedExpenses
106718000 USD
us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
179799000 USD
us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
144759000 USD
erie Administrative Services Expenses Paid
AdministrativeServicesExpensesPaid
424919000 USD
erie Administrative Services Expenses Paid
AdministrativeServicesExpensesPaid
427852000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
60863000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
29208000 USD
us-gaap Interest Paid Net
InterestPaidNet
853000 USD
us-gaap Interest Paid Net
InterestPaidNet
1820000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
237866000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
174314000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
852886000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
194773000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
46536000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4087000 USD
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
20000 USD
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
217000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
252000 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
655519000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
125913000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
282846000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
98922000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
4505000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
4159000 USD
us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
3600000 USD
us-gaap Proceeds From Limited Partnership Investments
ProceedsFromLimitedPartnershipInvestments
3046000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
68363000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
48667000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
16458000 USD
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
41767000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
5804000 USD
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
4496000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-32241000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-52975000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
125737000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
117355000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
-1433000 USD
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
24983000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-127170000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-92372000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
78455000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28967000 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
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
344872000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
244688000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
33678000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
8286000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 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
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
32875000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
32842000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
307299000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
308682000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
128109000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
129071000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
208053000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
210038000 USD
CY2019Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
676336000 USD
CY2019Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
680633000 USD
CY2019Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
8801000 USD
CY2018Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
7930000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
25857000 USD
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
1038000 USD
CY2019Q3 us-gaap Net Investment Income
NetInvestmentIncome
8652000 USD
CY2018Q3 us-gaap Net Investment Income
NetInvestmentIncome
7659000 USD
CY2019Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
149000 USD
CY2018Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
271000 USD
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
658000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
22621000 USD
us-gaap Net Investment Income
NetInvestmentIncome
25199000 USD
us-gaap Net Investment Income
NetInvestmentIncome
21583000 USD
CY2019Q3 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
1696000 USD
CY2018Q3 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
0 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
5501000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-497000 USD
CY2019Q3 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
31000 USD
CY2018Q3 us-gaap Other Than Temporary Impairment Loss Debt Securities Available For Sale Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesAvailableForSaleRecognizedInEarnings
0 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
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3289000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
772000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2546000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
361000 USD
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
32171000 USD
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
34821000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23841000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11366000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12129000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
23495000 USD
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
0 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3500000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
10700000 USD
CY2019Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
8463000 USD
CY2018Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
9513000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
25390000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
28539000 USD
CY2019Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
9827000 USD
CY2018Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
8845000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
29480000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
26536000 USD
CY2019Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
11872000 USD
CY2018Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12815000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
35614000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
38444000 USD
CY2019Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
349000 USD
CY2018Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
339000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1046000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1015000 USD
CY2019Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1279000 USD
CY2018Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-3202000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-3835000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-9606000 USD
CY2019Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
8046000 USD
CY2018Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
9084000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
24137000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
27252000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.212
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.230
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
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
us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.013
CY2019Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
498000000.0 USD
CY2018Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
449900000 USD
CY2019Q3 us-gaap Other Commitment
OtherCommitment
9800000 USD

Files In Submission

Name View Source Status
0000922621-19-000038-index-headers.html Edgar Link pending
0000922621-19-000038-index.html Edgar Link pending
0000922621-19-000038.txt Edgar Link pending
0000922621-19-000038-xbrl.zip Edgar Link pending
erie-20190930.xsd Edgar Link pending
erie-20190930_cal.xml Edgar Link unprocessable
erie-20190930_def.xml Edgar Link unprocessable
erie-20190930_lab.xml Edgar Link unprocessable
erie-20190930_pre.xml Edgar Link unprocessable
erie10-q09302019.htm Edgar Link pending
erie10-q09302019_htm.xml Edgar Link completed
ex-10109302019.htm Edgar Link pending
ex-31109302019.htm Edgar Link pending
ex-31209302019.htm Edgar Link pending
ex-3209302019.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending