2024 Q3 Form 10-Q Financial Statement
#000092262124000023 Filed on October 31, 2024
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
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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 |