2024 Q3 Form 10-Q Financial Statement

#000092262124000023 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $999.9M
YoY Change 16.41%
Cost Of Revenue $819.8M
YoY Change 15.38%
Gross Profit $180.1M
YoY Change 21.3%
Gross Profit Margin 18.01%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $819.8M
YoY Change 15.38%
Operating Profit $180.1M
YoY Change 21.32%
Interest Expense $20.25M
YoY Change
% of Operating Profit 11.24%
Other Income/Expense, Net $1.168M
YoY Change -61.08%
Pretax Income $200.8M
YoY Change 22.63%
Income Tax $41.01M
% Of Pretax Income 20.42%
Net Earnings $159.8M
YoY Change 21.97%
Net Earnings / Revenue 15.98%
Basic Earnings Per Share
Diluted Earnings Per Share $2.74
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $269.8M
YoY Change 56.22%
Cash & Equivalents $221.2M
Short-Term Investments $48.58M
Other Short-Term Assets $103.7M
YoY Change 46.04%
Inventory
Prepaid Expenses
Receivables $737.0M
Other Receivables $0.00
Total Short-Term Assets $1.097B
YoY Change 25.58%
LONG-TERM ASSETS
Property, Plant & Equipment $480.7M
YoY Change 10.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.094B
YoY Change 18.24%
Other Assets $48.32M
YoY Change 33.81%
Total Long-Term Assets $1.767B
YoY Change 16.18%
TOTAL ASSETS
Total Short-Term Assets $1.097B
Total Long-Term Assets $1.767B
Total Assets $2.864B
YoY Change 19.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $194.6M
YoY Change 17.26%
Accrued Expenses $60.07M
YoY Change 20.15%
Deferred Revenue $42.75M
YoY Change 4.71%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $806.9M
YoY Change 18.51%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $23.49M
YoY Change -5.11%
Total Long-Term Liabilities $23.49M
YoY Change -5.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $806.9M
Total Long-Term Liabilities $23.49M
Total Liabilities $916.2M
YoY Change 17.06%
SHAREHOLDERS EQUITY
Retained Earnings $3.074B
YoY Change 11.69%
Common Stock $16.47M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.948B
YoY Change
Total Liabilities & Shareholders Equity $2.864B
YoY Change 19.61%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $159.8M
YoY Change 21.97%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $199.2M
YoY Change 277.22%
INVESTING ACTIVITIES
Capital Expenditures $27.71M
YoY Change 2.27%
Acquisitions
YoY Change
Other Investing Activities -$63.06M
YoY Change 512.23%
Cash From Investing Activities -$90.77M
YoY Change 142.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.82M
YoY Change 4.18%
NET CHANGE
Cash From Operating Activities 199.2M
Cash From Investing Activities -90.77M
Cash From Financing Activities -57.82M
Net Change In Cash 50.58M
YoY Change -226.13%
FREE CASH FLOW
Cash From Operating Activities $199.2M
Capital Expenditures $27.71M
Free Cash Flow $171.5M
YoY Change 567.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0000922621
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Security12b Title
Security12bTitle
Class A common stock,
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Registrant Name
EntityRegistrantName
ERIE INDEMNITY COMPANY
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
999886000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
858938000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2871025000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2451273000 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
819761000 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
710467000 usd
us-gaap Operating Expenses
OperatingExpenses
2361880000 usd
us-gaap Operating Expenses
OperatingExpenses
2058101000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
180125000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
148471000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
509145000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
393172000 usd
CY2024Q3 erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
17322000 usd
CY2023Q3 erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
14642000 usd
erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
49235000 usd
erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
30360000 usd
CY2024Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
2925000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-9246000 usd
CY2024Q3 us-gaap Net Investment Income
NetInvestmentIncome
19549000 usd
CY2023Q3 us-gaap Net Investment Income
NetInvestmentIncome
12302000 usd
us-gaap Net Investment Income
NetInvestmentIncome
48455000 usd
us-gaap Net Investment Income
NetInvestmentIncome
19197000 usd
CY2024Q3 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
85346000 usd
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
84253000 usd
CY2024Q3 erie Finite Lived Intangible Assets And Property Plant And Equipment Net
FiniteLivedIntangibleAssetsAndPropertyPlantAndEquipmentNet
480707000 usd
CY2023Q4 erie Finite Lived Intangible Assets And Property Plant And Equipment Net
FiniteLivedIntangibleAssetsAndPropertyPlantAndEquipmentNet
442610000 usd
CY2024Q3 erie Debt Securities Available For Sale Allowance For Credit Loss Recovery Impairment
DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecoveryImpairment
158000 usd
CY2023Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-2227000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
2983000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
58434000 usd
CY2024Q3 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
64172000 usd
CY2023Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
34320000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
48318000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
42934000 usd
CY2024Q3 us-gaap Assets
Assets
2864147000 usd
CY2023Q4 us-gaap Assets
Assets
2471964000 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
353709000 usd
us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
229675000 usd
erie Administrative Services Expenses Paid
AdministrativeServicesExpensesPaid
581527000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
123881000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
232769000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
206616000 usd
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
7000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
126361000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
55772000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
14919000 usd
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
853000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
31500000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3001000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
200842000 usd
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2024Q3 erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-698000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7871000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9643000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
163774000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
565471000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
131040000 usd
us-gaap Net Income Loss
NetIncomeLoss
448285000 usd
us-gaap Net Income Loss
NetIncomeLoss
335133000 usd
CY2024Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
20227000 usd
CY2023Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-5902000 usd
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
21014000 usd
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
2846000 usd
CY2024Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
1538000 usd
CY2023Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
2742000 usd
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
6048000 usd
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
8226000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18689000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8644000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14966000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5380000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
178519000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
122396000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
463251000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
329753000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
23547000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
12542000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221213000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
144055000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
48575000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
82017000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
736973000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
625338000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
80141000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
69321000 usd
CY2024Q3 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
10456000 usd
CY2023Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
9458000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
1097358000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
930189000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
1000282000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
879224000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
8135000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
0 usd
CY2024Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
426341000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
20936000 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
12777000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
11481000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23493000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
21565000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
916192000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
809129000 usd
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
16466000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
16466000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1566000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-13400000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3073843000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2803689000 usd
CY2024Q3 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
3094045000 usd
CY2023Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
2808925000 usd
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
22110132 shares
CY2024Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
22110132 shares
CY2024Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1168719000 usd
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1169165000 usd
CY2024Q3 erie Common Stock Issued Stock Trust
CommonStockIssuedStockTrust
22629000 usd
CY2023Q4 erie Common Stock Issued Stock Trust
CommonStockIssuedStockTrust
23075000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
1947955000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1662835000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2864147000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2471964000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1662835000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
124552000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1830000 usd
CY2024Q1 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 usd
CY2024Q1 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 usd
CY2024Q1 erie Distributions From Rabbi Trust Plans
DistributionsFromRabbiTrustPlans
0 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
1726180000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
163903000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1893000 usd
CY2024Q2 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 usd
CY2024Q2 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 usd
CY2024Q2 erie Distributions From Rabbi Trust Plans
DistributionsFromRabbiTrustPlans
0 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
1828813000 usd
dei Amendment Flag
AmendmentFlag
false
us-gaap Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost Statement Of Income Or Comprehensive Income Extensible List
DefinedBenefitPlanNetPeriodicBenefitCostCreditExcludingServiceCostStatementOfIncomeOrComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
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 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
CY2023Q3 erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-113000 usd
erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-3763000 usd
erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-1917000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1168000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
422012000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41012000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32734000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
117186000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
86879000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
159830000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
131040000 usd
us-gaap Net Income Loss
NetIncomeLoss
448285000 usd
us-gaap Net Income Loss
NetIncomeLoss
335133000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
159830000 usd
CY2024Q3 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
79829000 usd
CY2024Q3 erie Agent Incentive Compensation Payable Current
AgentIncentiveCompensationPayableCurrent
60073000 usd
CY2023Q4 erie Agent Incentive Compensation Payable Current
AgentIncentiveCompensationPayableCurrent
68077000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
194649000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
175622000 usd
CY2024Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
59377000 usd
CY2023Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
59377000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42754000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
41210000 usd
CY2024Q3 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
15836000 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
10982000 usd
CY2024Q3 us-gaap Deposits Received For Securities Loaned At Carrying Value
DepositsReceivedForSecuritiesLoanedAtCarryingValue
7905000 usd
CY2023Q4 us-gaap Deposits Received For Securities Loaned At Carrying Value
DepositsReceivedForSecuritiesLoanedAtCarryingValue
0 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
806935000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
708977000 usd
CY2024Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
27757000 usd
CY2023Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
26260000 usd
CY2024Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
21220000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
19910000 usd
CY2024Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
24010000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
159830000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18689000 usd
CY2024Q3 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 usd
CY2024Q3 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
1947955000 usd
CY2023Q3 erie Number Of Incentive Compensation Deferral Plan Participants
NumberOfIncentiveCompensationDeferralPlanParticipants
5 participant
CY2024Q3 erie Number Of Incentive Compensation Deferral Plan Participants
NumberOfIncentiveCompensationDeferralPlanParticipants
5 participant
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1448408000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
86241000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
7752000 usd
CY2023Q1 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
15000 usd
CY2023Q1 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 usd
CY2023Q1 erie Distributions From Rabbi Trust Plans
DistributionsFromRabbiTrustPlans
0 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
1486967000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
117852000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4488000 usd
CY2023Q2 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 usd
CY2023Q2 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 usd
CY2023Q2 erie Distributions From Rabbi Trust Plans
DistributionsFromRabbiTrustPlans
0 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
1544912000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
131040000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8644000 usd
CY2023Q3 erie Net Treasury Stock Value Acquired Held And Reissued
NetTreasuryStockValueAcquiredHeldAndReissued
0 usd
CY2023Q3 erie Deferred Compensation Under Rabbi Trust Plans
DeferredCompensationUnderRabbiTrustPlans
0 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
1611889000 usd
CY2023Q3 erie Number Of Incentive Compensation Deferral Plan Participants
NumberOfIncentiveCompensationDeferralPlanParticipants
5 participant
CY2024Q3 erie Number Of Incentive Compensation Deferral Plan Participants
NumberOfIncentiveCompensationDeferralPlanParticipants
5 participant
erie Proceeds From Insurance Agency Management Fees Received
ProceedsFromInsuranceAgencyManagementFeesReceived
2162259000 usd
erie Proceeds From Insurance Agency Management Fees Received
ProceedsFromInsuranceAgencyManagementFeesReceived
1799681000 usd
erie Administrative Services Reimbursements Received
AdministrativeServicesReimbursementsReceived
557361000 usd
erie Administrative Services Reimbursements Received
AdministrativeServicesReimbursementsReceived
538943000 usd
us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
19804000 usd
us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
19367000 usd
erie Proceeds From Interest And Dividends Received And Equity Method Investment Dividends Or Distributions
ProceedsFromInterestAndDividendsReceivedAndEquityMethodInvestmentDividendsOrDistributions
49047000 usd
erie Proceeds From Interest And Dividends Received And Equity Method Investment Dividends Or Distributions
ProceedsFromInterestAndDividendsReceivedAndEquityMethodInvestmentDividendsOrDistributions
42579000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
1067993000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
889510000 usd
erie Payment For Agent Incentive Compensation
PaymentForAgentIncentiveCompensation
88299000 usd
erie Payment For Agent Incentive Compensation
PaymentForAgentIncentiveCompensation
112968000 usd
us-gaap Payments To Employees
PaymentsToEmployees
189088000 usd
us-gaap Payments To Employees
PaymentsToEmployees
178176000 usd
erie Pension Contributions And Payments For Other Labor Related Expenses
PensionContributionsAndPaymentsForOtherLaborRelatedExpenses
90217000 usd
erie Pension Contributions And Payments For Other Labor Related Expenses
PensionContributionsAndPaymentsForOtherLaborRelatedExpenses
150992000 usd
us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
226949000 usd
erie Administrative Services Expenses Paid
AdministrativeServicesExpensesPaid
540834000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
68372000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
417791000 usd
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
373381000 usd
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
25665000 usd
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
26195000 usd
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
7000000 usd
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
156357000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
152174000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
29953000 usd
us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
0 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
78202000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
72101000 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
32317000 usd
us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
5473000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
7675000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
6757000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-170406000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-105730000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
178132000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
166256000 usd
us-gaap Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
7905000 usd
us-gaap Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-170227000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-166256000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
77158000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-39217000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
144055000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
142090000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221213000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
102873000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
10792000 usd
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7106000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7674000 usd
us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 subscribers at 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 the Exchange's insurance subsidiaries, collectively referred to as "administrative services". Acting as attorney-in-fact in these two capacities is done in accordance with a subscriber's agreement (a limited power of attorney) executed individually by each subscriber (policyholder), which appoints Indemnity as each subscriber's attorney-in-fact to transact certain business on their behalf.  In accordance with the subscriber's agreement for acting as attorney-in-fact in these two capacities, we retain a management fee calculated as a percentage of the direct and affiliated assumed premiums written by the Exchange.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The policy issuance and renewal services we provide on behalf of the subscribers at 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 incentive compensation, which is 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><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consistent with 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 the subscribers' attorney-in-fact. Indemnity serves as the attorney-in-fact on behalf of the subscribers at the Exchange with respect to its administrative services as enumerated in the subscriber's agreement. 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 subscriber's agreement and service agreements provide for reimbursement of amounts incurred for these services to Indemnity. Reimbursements are settled at cost. State insurance regulations require that intercompany service agreements and any material amendments be approved in advance by the state insurance department. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 could 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 net management fee and other reimbursements. See Note 12, "Concentrations of Credit Risk".</span></div>
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 capacity
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 capacity
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
erie Securities Lending Agreements Requiring Percentage Collateral
SecuritiesLendingAgreementsRequiringPercentageCollateral
1.02
erie Securities Lending Agreements Requiring Collateral Percentage Minimum
SecuritiesLendingAgreementsRequiringCollateralPercentageMinimum
1
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 capacity
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P4Y
CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8700000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
35600000 usd
CY2023Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7700000 usd
erie Revenue Performance Obligation Numberof Performance Obligations
RevenuePerformanceObligationNumberofPerformanceObligations
2 capacity
CY2024Q3 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
8100000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale And Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
1066538000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Gain
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedGain
16397000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedLoss
21110000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
1061825000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
8100000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
49077000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
48447000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
453677000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
456863000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
186695000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
188732000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
372256000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
362950000 usd
CY2024Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
1061705000 usd
CY2024Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
1056992000 usd
CY2024Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
4833000 usd
CY2024Q3 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
4833000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale And Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
1066538000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
1061825000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
8100000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
503000 usd
CY2024Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
2167000 usd
CY2024Q3 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
0 usd
CY2024Q3 erie Debt Securities Available For Sale Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSalesCollectionsAndWriteOffs
231000 usd
CY2024Q3 erie Debt Securities Held To Maturity Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesHeldToMaturityAllowanceForCreditLossSalesCollectionsAndWriteOffs
0 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
430000 usd
CY2024Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
2167000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
597000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
erie Debt Securities Available For Sale Allowance For Credit Loss Recovery Impairment
DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecoveryImpairment
401000 usd
us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
2167000 usd
erie Debt Securities Available For Sale Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSalesCollectionsAndWriteOffs
568000 usd
erie Debt Securities Held To Maturity Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesHeldToMaturityAllowanceForCreditLossSalesCollectionsAndWriteOffs
0 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
430000 usd
CY2024Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
2167000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
370000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
CY2023Q3 erie Debt Securities Available For Sale Allowance For Credit Loss Recovery Impairment
DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecoveryImpairment
55000 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
0 usd
CY2023Q3 erie Debt Securities Available For Sale Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSalesCollectionsAndWriteOffs
72000 usd
CY2023Q3 erie Debt Securities Held To Maturity Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesHeldToMaturityAllowanceForCreditLossSalesCollectionsAndWriteOffs
0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
353000 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
249000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
erie Debt Securities Available For Sale Allowance For Credit Loss Recovery Impairment
DebtSecuritiesAvailableForSaleAllowanceForCreditLossRecoveryImpairment
278000 usd
us-gaap Debt Securities Held To Maturity Credit Loss Expense Reversal
DebtSecuritiesHeldToMaturityCreditLossExpenseReversal
0 usd
erie Debt Securities Available For Sale Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSalesCollectionsAndWriteOffs
174000 usd
erie Debt Securities Held To Maturity Allowance For Credit Loss Sales Collections And Write Offs
DebtSecuritiesHeldToMaturityAllowanceForCreditLossSalesCollectionsAndWriteOffs
0 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
353000 usd
CY2023Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
0 usd
CY2024Q3 erie Interest And Dividend Income Operating And Income Loss From Equity Method Investments
InterestAndDividendIncomeOperatingAndIncomeLossFromEquityMethodInvestments
17893000 usd
CY2023Q3 erie Interest And Dividend Income Operating And Income Loss From Equity Method Investments
InterestAndDividendIncomeOperatingAndIncomeLossFromEquityMethodInvestments
14872000 usd
erie Interest And Dividend Income Operating And Income Loss From Equity Method Investments
InterestAndDividendIncomeOperatingAndIncomeLossFromEquityMethodInvestments
50628000 usd
erie Interest And Dividend Income Operating And Income Loss From Equity Method Investments
InterestAndDividendIncomeOperatingAndIncomeLossFromEquityMethodInvestments
30653000 usd
CY2024Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
571000 usd
CY2023Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
230000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
1393000 usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
293000 usd
CY2024Q3 erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
17322000 usd
CY2023Q3 erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
14642000 usd
erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
49235000 usd
erie Net Investment Income And Income Loss From Equity Method Investments
NetInvestmentIncomeAndIncomeLossFromEquityMethodInvestments
30360000 usd
CY2024Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
2925000 usd
CY2023Q3 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-2227000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
2983000 usd
us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
-9246000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
2782000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
244000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
5477000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-3060000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
146000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
91000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
883000 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-2636000 usd
CY2024Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
2636000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
153000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
4594000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-424000 usd
CY2024Q3 erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-698000 usd
CY2023Q3 erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-113000 usd
erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-3763000 usd
erie Debt Securities And Financing Receivables Impairment Loss Recoveries
DebtSecuritiesAndFinancingReceivablesImpairmentLossRecoveries
-1917000 usd
CY2024Q3 us-gaap Debt Securities Available For Sale Restricted
DebtSecuritiesAvailableForSaleRestricted
8100000 usd
CY2024Q3 erie Cash And Securities Received As Collateral
CashAndSecuritiesReceivedAsCollateral
8400000 usd
CY2024Q3 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
7900000 usd
CY2024Q3 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
500000 usd
CY2024Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
8628000 usd
CY2023Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
7190000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
25920000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
21572000 usd
CY2024Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
13195000 usd
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
12548000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
39503000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
37644000 usd
CY2024Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
20199000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
17217000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
60595000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
51652000 usd
CY2024Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
413000 usd
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
362000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1199000 usd
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1085000 usd
CY2024Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
1695000 usd
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
3833000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
5180000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
11498000 usd
CY2024Q3 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
59000 usd
CY2023Q3 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
0 usd
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
1338000 usd
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
0 usd
CY2024Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
283000 usd
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-950000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-491000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-2849000 usd
CY2024Q3 erie Number Of Serp Participants Settlement Accounting
NumberOfSERPParticipantsSettlementAccounting
4 participant
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.204
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.200
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.207
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.206
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd

Files In Submission

Name View Source Status
0000922621-24-000023-index-headers.html Edgar Link pending
0000922621-24-000023-index.html Edgar Link pending
0000922621-24-000023.txt Edgar Link pending
0000922621-24-000023-xbrl.zip Edgar Link pending
erie-20240930.htm Edgar Link pending
erie-20240930.xsd Edgar Link pending
ex-31109302024.htm Edgar Link pending
ex-31209302024.htm Edgar Link pending
ex-3209302024.htm Edgar Link pending
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
erie-20240930_lab.xml Edgar Link unprocessable
erie-20240930_pre.xml Edgar Link unprocessable
erie-20240930_htm.xml Edgar Link completed
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
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
erie-20240930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
erie-20240930_cal.xml Edgar Link unprocessable