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=JQPaG o pqq ~~Z ~ U d ' ~ 5 ~e ~O ~ ~t~i s COMMONWEALTH OF PENNSYLVANIA o ~ ~~ ~~~"f4LTHOFiEN~~+ INSURANCE DEPARTMENT Harrisburg, PA April 1, 2008 Whereas, the ERIE INSURANCE COMPANY, located at Erie, PA, has filed in this Department a certified copy of its charter and a detailed statement of its :~.ssets and Liabilities, and otherwise complied with the requirements of Section 661 of the Act of Assembly of the Commonwealth of Pennsylvania, entitl;,d "An act relating to insurance; amending, revising and consolidating the Law &c.," approved the 17`h day of May, A.D. 1921, as well as with the requirements of the laws of this Comr~~nwealth applicable to such company in doing business herein. Now Therefore, I, Joel Ario, Acting Insurance Commissioner of the Commonwealth ~f Pennsylvania, do hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1023 and known as act No. 373 of the Laws of 1923, that the Erie Insurance Company, of Erie, PA, i~ duly authorized to become and be accepted as sole surety on all u~nds, undertakings ~:id obligations required or permitted by law or the ordinances, rules or regulations of any municipality, board, body, organization, or public officer. In Witness Whereof, I have hereunto set my hand and affixed my officia~ seal, the day and year first above written. cting Insurance Commissioner PROPERTY AND CASUALTY COMPANIES • ASSOCIATION EDRION I~ ~~~~I~ IAII ANNUAL STATEMENT z ° ' ° ° ' ° FOR THE YEAR EIv'DED DECEMBER 31, 2007 OF THE CONDITION AND AFFAIItS OF THE . ERIE INSURANCE COMPANY NAIC Group Code 213 213 NAIC Company Code 26263 Employer's ID Number 25-12329h0 (C'unent Period) (Pnor Period) Organized under the Laws of the State of PENNSYLVANIA State of Domicile or Port of Entry PENNSYLVANIA Country of Domicile li_S. Incorporated September 11 1972 Commenced Business lanua_~1 1 q?1 Statutory Home Office 100 Erie Insurance Place (Street and Number) Erie PA 16530 :Hain Administrative Office 100 Erie Instrance Place (CrtY or Town, Stale and Zrp Code) Erie PA 16530 814- 70-2000 Mail Address _100 Erie Instuance Place Number) (City or Town, State and Zip Crxlel (Area Code) (Telephone Number) (Street and Number) Erie PA 165?0 Primary Location of Books and Records 100 Erie Insurance Place (Ct Erien PAS 16530 zrp Cnde) (Street and Numbed (City or Town, State and Zip Code) (Area od~) gTeoep onONumber) Internet Website Address www.erieinstuance.com Statutory Statement Contact Christina Marie Marsh (Name) 814-870-2000 x2785 c11r15tina.Inaish eneinsurance.com (Arcs Code) (Telephone Number) (Extension) (E-Mail Address) 814-870-4040 (Area Code) (Fax Number) OFFICERS Chairman of the Board: Executive Vice President, Thomas Bailey Hagen President & Chief Executive Otfcer' John Joseph Brinling Jr Secretary & General Counsel: James Joseph Tanous Executive Vice President & , . Executive Vice Presidrnt Executive Vice President: - Michael Joseph Krahe ChieCFinancial Officer: Senior Vice President Treasu & Phrhp Alan Garcia Thomas Brian Mo an B , rer Chief Investmrnt Officer: Douglas Frank Ziegler SENIOR VICE PRESIDENTS James Mark Arciere Cheryl Ann Ferric E Eugene Charles Connell John Francis Kearns George David Dufala Lorianne Feltz-U Pperman ric Douglas Root Jeffrey Daniel Stempora Timothy Gerard NeCastro Michael Stephen Zavasky Patricia Anne Rech J ' REGIONA L VICE PRESIDENTS etJ rey William Brinling, Senior R VP Louis Felix Colaiuo Terry Lynn Hamtnan Christopher John Zimmer VICE PRESIDENTS Mark Kevin Banks Marc Cipriani Paul Steven Bates lames Michael Carlucci Sandra Isabel gorse Y Dennis Gale Conley Douglu Norman Fitzgerald Richard Walter Corbin Ronnie Lee Chamberlain John Patnck Dean David Vance Freeman Karen Kraus Phillips Richard James Hinman Charles Michael Fletcher James Cxreld Horvst Ross Clark Fonticella Timothy Gerard Maher D l Linda Davis Kuhl Terry Lee McConnell Raymond Edward Leeds Richard Scott Huber Charles Thomas Lon ue ona d Edward Moczulski Karen Barbara Palmer Robert Fredrick M organ, Jr. B ~n Jean McEnery Matthew Wayne Myers g Eric Alen Miller John Richard Robertson J ruce F~ward Paerson Ann Kamrazon Scott Margaret Ann Porter Lisa Ann NeCastro David Joseph Rioux ames Patrick Stork Carol Sue Weirich James Thomas Timm Karl James Shearer, Jr. Gary David Veshecco William Arnold Stevens Richard John Wisniewski Christy Spencer Yousefnejad James Edgar Weaver D aniel James Zdunski DIRECTORS OR TRUSTEES John Joseph Brinling,lr. Kevin Allrn Marti Philip Alan Garcia ThOrA95 Batley Hagen Douglas Frank Ziegler Thomas Brian Mo ~^ Jeffrey Daniel Stempora Michael Joseph Krehe James Joseph Tanous State of Pertttsvlvania / SS County of Erie / The off ttn of this reporting rntiry being duly sworn, each depose end say that they are the dr:acribed officers of said reporting enriry, and that on the to rain stated above, all ofthe herein described urns were the absoluk progeny of the said reporting entity, bee std clear from any liens or claims IFrereen, stated, and that this statement, together with related exhibits, schedules and ex I Po a Period users and lubilities and ofthe condition and affairs of the said reporting rnti P arntions therein wntaitted, armexed or referred to, is a Cull and true star ceps u herein ty as of the reporti ement ofall the t e period inded, and have ban completed in accordance with the NAIC Annual Smrernenr /nstructiP on~r and ~~oaanrfng Practicer and proems rer~marnnwl aC~cpmto he extent that: (I) state law may difrer; or, (2) that slam rules or re@tlations require differences in rgrortirrg not related b accotrrni to the best of their information, knowledge and bole( respectively. Furthermore, the scope of this tttteststion by the described officers also includes the related corresponding electronic filing with the NAIC, when required, that is an exact c n8 practices and procedures, according statement. The electronic filing may be requested by various oPY (except for formatting differences due to electronic Citing) of the enclosed regulators in lieu of or m addition to the inclosed stuement. oseph Brinling, lr President & CEO Subscribed and sworn to before the thrs b 22 psv of F pruay~~i'1J Wt11U~. a tes Joseph T us, Extcutive Vice sident, Secre & General Counsel WEALTH (7P (e) PEN (tY VANU (b) Nt>tarle13881 ~~~ ~ Pu6AC My Oarrnieeiort E7glif8a Sept 13,100® Msrnbsr, ~"^sYh'anta AaeotlrNbn tN Notaries Philip Alan Garcia, Executive Vice Presidrnt & CFO is this an original filing? Yes (X) No () If na: (i) State the amendment number (ii) Date filed: (iii) Number of pages attached: ~,,.,..-:,ar,~,..,~.,,~. ,~~~:~~~~~,,o<<ne ,brie nnsurance Company ASSETS Current Year Prior Year 1 2 3 4 Net Admitted NonadmRted Assets Net -- Assets Assets Cols. 1- 2 Admitted Assets 1 Bonds (Schedule D) _ _... __..._ ........_. _. __. .............371,550,195 ...... . ..........371,550,195 ............350,400,041 2 Stocks (Schedule D) 2.1 Preferred stodcs_........__ ..._ ..........._...__ ...__ . ........................................ ...............29.003,550 ...............29,003,550 ...............29,579,235 2.2 Common stocks ......._ .......... ........_............__............................. __.............. ..............18,800,405 .................................. . ...............18,800,405 .....,.........16,046,158 3, Mortgage loans on real estate (Schedule B). 3.1 First liens.. ......._ ...__..._ _ . _........ ._ _ _ _.... 0 3.2 Otherthan first liens....... _ ......................................_ .................................. 0 4. Real estate (Schedule Aj: 4. t Properties occupied by Me company (less 5..........0 encumbrances) ....................................... _.......................................................... ................................... ................................... 0 ................................. 4.2 Properties held for the production of income (less 5..........0 enwmbrances)....._ _ ....................................... _.......... _..................................... .................................. ................................... ........................0 ............,.,................... 4.3 Properties held for sale (less 5._.......0 encumbrances) ...................... ................. ................................... .................................. ...............................0 ................................... 5. Cash (5.....(170,630), Sch. E-Part 1), rash equivalents (5.....44,820, Sch. E-Part 2) and short-term investments (5.....10,122,487, Sch. DA) ......................... .................9,996,677 ................................... ..,...,..........9,996.677 .................8,706.749 6 Contract bans (including 5.........0 premium notes) .............................................. ...... ..............0 7 Other invested assets (Schedule BA)............ __ ..........................._.................................. .................................. . .............0 8, Receivables for secudtres...._ ........................................................_............................. ......................16,101 _............. .................... ._...................16,107 .....,..............318,950 9 A99regate wrde-ins for invested asseh> ....... . .... ........................................................... ..............................0 0 .........................__.0 ..._ ..................0 1D. Subtotals, cash and invested assets (L.ines 1 H 9) ......................................................... .............429,366,934 ...............................0 .............429,366,934 .............405A51,133 11. Title planLS less 5..........0 charged otT (for Title insurers onty) ........................................... ..........0 ................................... 12. Investment income due and acaued .........................._................................................ .................4,661,937 ............4,861,937 .................4.479,700 13 Premiums and consdera6ons: 13.1 Uncollected premiums and agents' balances in course of collection ..................... ...............46,774,920 ....................307,336 ...............46,467,585 ...............52,087,570 ', 13.2 Deferred premiums, agents' bakmces and installments booked but deterred and not yet due (inducting $._.......0 earned but unbilled premiums) ...................... ............134.815.071 _............._.................. .............134,615,071 .............133,648,987 13,3 Acduedretrospedivepremiums........_............__ ................................................ .....0 14. Reinsurance: 14.1 Amounts recoverable from reinsurers ..................................................................... ......................43,267 ................................... ..,...................43,267 ......................23,225 14.2 Funds held by ar deposited with reinsured companies ........................................... .................1,545,299 ................................... .................1,545,299 .................1,304,205 14.3 Other amounts receivable under reinsurance contracts ........................................ ................................... ................................... ...............................0 ................................... 15. Amounts receivable relating to uninsured plans .............................................................. ................................... ................................... ...............................0 16.1 Currant federal and foregn income tax recoverable and interest Hereon ....................... ....................768,377 ................................... ....................788,377 ........,........1,813,058 16.2 Net deferred tax asset ................................................._................................................ .................3,979,361 ................................... .................3,979,361 .................3,713.000 17. Guaranty funds receivable or on deposit ........................................................................... ................................... ................................... 0 18 Electronic data processing equipment and software ......................................................... ................................... . ......................0 19. FumRure and equipment, inducting health care delivery assets (5.........0) .................... ......................... .,,,,.,,,,,,,,.,.,,,,,,,,.,,..,0 20. Net adjustment in assets and liabilities due to faegn exchange retes ............................. ................................... .................................. ...............................0 . ................................. 21. Receivables from parent subsidiaries and afiliates .......................................................... ....................... ,,,.„...p . 22. Neahh care (5..........0) and other amounts receivable ....................................................... ................................... .................................. ...............................0 . .................................. 23. Aggregate write-ins for oMer than invested assets ........................................................... ....................832 837 ...............................0 . ...................832 837 . ................,..814 345 24. Total assets excluding Separate Accounts, Segrega~d Acceunts and Protected Cell Accounts (Lines 10 to 23) ......................................................................................... ............623,1)08,004 . ...................307,336 . ............622,700,668 . ._.........602,935,224 25. From Separate Acwunts. Segregated Accounts and Protected Cell Aixounfs ................ ................................... ................................... ..............................0 . ......... ....................... 26. TOTALS (Lutes 24 and 25) ................................................................................................ ............623,008,004 . ...................307.336 . ............622,700,668 . ............602,935,224 DETAILS OF 1flIRREaNS 0901 .................................................................................................._..................................... ................................... _................................ ...............................0 .......................... ...... 0902 ........................................................................................................................................... ................................... .................................. ...............................0 ................................... 0903 ............................................................................................................................................. ................................... ................................... ...............................0 0998. Summary of remabing write-ins for Lbe 9 from overflow page 0 ........................................ ............................... ......................... 0 ...............................0 ...............................0 0999. Totals Lines 0901 Hru 0903 lus 0998 Lme 9 above 0 ................................................. ............................... ...............................0 ...............................0 ...............................0 2301. Premium Tax Credits_ _ ........................................................................ _.......................... ....................675,068 ................................... .............,......675,066 ....................652,100 2302. Offer Accounts Receivables .............................................................................................. ....................148,954 ................................... ....................148,954 ....................155,389 2303. Equities and Deposits in Pools antl Assaciations .............................................................. ........................8.815 .................................. ...............6,815 ........................6,856 2396. Summary of remaining write-ins for Line 23 from overflow page 0 0 ...................................... ............................... ............................... .............................0 ...............................0 2399. Totals Lines 2301 Hru 2303 us 2398 Line 23 above ................................................ ....................832 837 ...............................0 ....................832837 814 315 AnrIJalS:alemerlfortheyear~p7~Irbe Erie Insurance Company LIABILITIES SURPLUS AND OTHER FUNDS 1 Losses (Part 2A, Line 34, Column 8) .................. ................. .. . Current Vear 2 Prior Year 2. Reinsurance payable on paid losses and loss adjushnentexpenses (Schedule F, Part 1 Column 6) 3 L ................154,181.139 .................160A99,6 i , . .............................._.. oss adjustment expenses (Part 2A, Line 34, Column 9) ............................ .......,_ - ......193,918 76 57 ............... 4 Commissions __ ....................... Payable, contingent commissions and other similar charges ... .....................26,471,898 , 27 920 99 ................................................................. . ..... 5. Other expenses (excluding taxes, licenses and (ees) ........... ............................ . 5,487 • , , ............................................. 6 Taxes. licenses and fees (excluding federal and foreign income taxes) ......... ..............78.926 ~ _.....16,78, . .76 84 . ......................................... _ . 7.1 Current federal and forego income taxes (inducting 8.........0 on realized ppital gains (bsses)) 7 2 .......... ......................1,481,263 , .............1, 919.84 f .,......,.,, . Net deferred tax liabiii - - ...... .... . 8. Borrowed money 8.. .... 0 and interest thereon 8_....D. ,,, ,,. , .................. Uneametl premiums (Part 1A, Lme 37, Column 5) (after deducting unearned premiums for 8 ...2D9,353,902 and inducting warranty reserves of $ ceded reinsurance of ........ .... .................................... "" . , p ,. ), 10. Advance premwms ........ .... _ .... ........ 74 060 450 .......... .. ..................................................... 1. Dividends declared and unpaid , . ... 74 257,88q 11 1 Stockholders ........................................ .... .......................1,618,287 _..,... _.......1.439.611 ..... 11.2 Policyholders ...................................._.. ..................... 12, Ceded reinsurance premiums -°- ° PaYabie (net of ceding commissions) ........... . ..... - 146,177 ' ' ................................. .. 780 811 .......... 13 Fundsheldb coin n .........................._........._........................._.... Y pa y under reinsurance treaties (Schedule F, Part 3 Column 19 ...... ...................134,918,903 ..... , .............139 505 672 , )...__ ................... _.... 14 AmounLS widrheW or retained b coin n " "" "' Pa Y r account of others . , . ............................................. ................................................ 5 Remittances and items not allocated ... .. . .......... ....................................................................................... _................................__......,. _.,. 16 Provision for einsu2nce (Schedule F, Part 7) ....... .. ..........................719.136 ...... ..... ..,................. . ..328 877 ....................825,064 ............................ 1.. ~ 1 m assets and liab~ities due to fore' n excha a rates .... .. .... . ~ . ......... ..........298.984 ....... t8. .................................................................................... Drahs ouLStand g ..................... ....... ............, .. .. 19. Payable to parent, subsidiaries and af8liates..._ ........... .. _ . ............... ....................................... ..... 20 Payable for securities .................._ ........._................ ..................,........................ . ................... . ... .............13,057 416 .................... _ ............. ....................... ....... 1 Liability for amounts heW under uninsured plans .................. . , ........ ........................................ ...............9,032.343 ..................................... 22, Capital notes 8...........0 and interest ...................................................... thereon 8..........0 ......... .. ............................................ ................................... .................................................................... 23. Aggregate write-ins for liabili6es ........................_ ...... .. .............................. .._........................... .............................. 24 Total IiabtlNes exdudmg protected cell liabilities L' roes 1 through 23) ........ ................................... . 0 ........ .................................................................. 25 Protected cell liabilities ........................ .................................................... .. .....407,261.875 .......... ...........................0 .........416 651 090 ........................................................... 26. Total liabilities (Lines 24 and 25) ........................... .. ............................. . ...... , . ~I ................ 27. Aggregate wrfte-ins for s ....................... . Pedal surylus funds .................. .. ............................... ..... ......... _........... _407261 875 ........... ........................... ........416 651090 .................................................. 28. Common capital stock ................................ .... ..... _ .............. ................................................................................................................................................ . 29. Preferred capitalstock .................................... .........................0 .. ...........2 350 000 ......................0 ............................... 30 Aggregate write-ins for other than s .. ....... ....... . .................................................................... Pedal suplus funds .......... . . ... ...........2, 350,000 ......................................... .................................................... 1 Surylus notes .. . . .............. .................... ................................................................................................................................................. 32. Gross paid in and contributed surplus .................... ............................0 ...................................... ............0 3 Unassgned funds (suplus) .......................... ........................................................... . ...................81.462 000 ... 34. Less treasury stock, at cost ....... ........ , 606 793 ...................131 81.482,000 34.1 .,........0.000 shares common (value inducted i Li , , .............. .....102,452,134 n ne 28 8..........0) ............................................................................._........ 34.2 ..........0.000 shares preferred (value induct d n .. e Line 29 5..........0) ......................................................... 35 Surplus as regards po8cyholders (Lines 27 to 33, less 34 P ...... .. ) ( a e 4 Li _ ........... . ....._.__ ................ g , ne 39) .................... ................................................................. 36. TOTALS (Page 2, Line 26. Col. 3) ............... . ... .................215 438 793 ............ . ...... .......................... . ................ ...186 284134 2301. DETAILS l>F WRITi:a11S ........................... ............622.700,668 ................ ...602, 935,224 .................... .................................................................................. ,................................................. . 2302. ....._ ............................................ . .. ......... ...................................................................... 303 . ........................................... ............... .............................. ......... ............... ....... 2398. Summary of remaining wdgrns for Line 23 Gan ................................. ... ... . ........................................................................ ovarfbw page ........ ..................................... ................ ... ........................... 2399. Totals Lines 2301 tlrN 2303 Ius 2398 Lino 23 above ..... ............... . ........................0 ................... ....................... 701 . ........... .............. .................. ................... G ..... .................. 2702 ....................................................................................................................................... .................. . .................................................................................................... 2703 . .................................................. ................... ..... ..................... ................................... ................................................................................................................................. 2798. Summary of remaining write.ins for Line 27 from overflow Page ...... ......................... ......................... ................................ . ..................... ..................... . ................................... 2799. Totals Lines 2701 thru 2703 us 2798 Line 27 above .. .. ........ .... ........... ...............................0 .................. I ................................ 3001. _ ........................................... ....... ..................... .................D ......................... ...................................................................................................................................................... 2 . ................................................ .......p , ..................................................................................... .......................................................... 3 . ............ ............. ......................... . ...................................... .............. . .... . ........ ............ . .... . 3098. Summa of ............................................................................................................................................ ry remaining write-ins for Line 30 horn overflow peg ., e ..... ................................. ...................... ................................ ................. ................ .. ................................................. 3099. Totals Uses 3001 fhru 3003 us 3098 Line 30 above ........... .... ............................. 0 .................. ..................................................................... ............ _ ....... ...............0 ............................................ ........................D ..,,................ .. ..............0 3 a-~~•~%~:~d~e~~~~-~~hr:~~~„~r:~~,,ocne.Er'fe Insurance Company __ STATEMENT OF INCOME UNDERWRITING INCOME 1 2 1 Premiums earned (Part 1, Line i4 ;olumn 41 _ . Current Year Prior Year _.__._....__. . . _ ........................................................ DEDUCTIONS ..... .......................189,004, 700 ..... ...............,194,481, 746 2 Losses incurred (Part 2, Line 34. Cclumr 71_........ 3. . .... _ . Loss expenses incurred (Part 3. Line 25, Column 1) 97,880,893 4. Other underwriting expenses incurred (Part 3, une ~5 Column 2) 16,591,086 ..17,884,346 5 ., ...... .... ... Aggregate write-ins for underwriting deductions ....................... .. ..............50,992,899 ... ..................53,283,884 o _.....,.......,,............................................ Total underwriting deductions (Lines 2 through 5)_...._ ... ............ ..... . ........................ 4 518 ..... ........... _.........273 080 7 ....... ...................... ....__ .......................................... Net income of t t ll d ..... .. ....................165 460 360 ...... ...............180 586180 . pm ec s... e ce B, Net underwriting gain (bss) (Line 1 minus Line 6 plus Line 7) ........... .......... INVESTMENT INCOME ...23,544,341 ........13,893,566 9. Net investment income earned (Exhibit of Net Investment Income, Line 17) . .. G . ............................................................ ..... Net realized cepiml gains (basest less capital gains tax of $.....71,186 (ExhibA of Capital Gains (Losses)i ..... .......................23,025,759 .... .................20, 707.722 11 ........................ Net investment gain (loss) (Lines 9 + 1D) ................. _...... ..... ........................ 2 368 660 ...... .....................166 450 .... ..................................................................................... OTHER INCOME ..... .......................20,657,079 ....... ................20.874.172 12. Net gain (loss) from agents' or premium balances charged off (amount recovered $.....2,597,642 amount charged off $.....3,229,198).........._ ............... 13 ....................._................................................................................ Finance and service charges not included in premiums ............................................................... . ..... ...........................631,556 ( I ....... ....................(648,081) . . ................................... A99regate wrAe-ins for misrx'Aaneous incrome.._ ............. ... ....................................... 15. .......__............,...................................................... _...................... Total other income (Lines 12 through 14)_.._........._ ..................... .... ............................119 850 ...... .....................147 479 ....... ............................................................... .................... Net income befor di id d .... .......................... 511 705 ...... .................. SOD 6D2 e v en s to policyholders, after capital gains tax and before all other federal and forego income taxes (Lines 8 + 11 + 15)...... _ ................... ......... . ...................................................................................... ividends to policyholders ........................................ .... . ._............,......43,689,714 34,267,137 ._............ .............................................................................................. Net income after di id d li .... .,...324 550 881981 , v en s ro po cyholders, after capital gains tax and before all other federal and forego income taxes (Gne 16 minus Line 17) ................................. 19. ..........................................................................................._.... Federal and forego income taxes mcuned ............... . .... .......................43,365,165 ....... ..............33,385,157 . ............................................................. ........................................... Net income (tine 16 minus Line 19) (to Lme 221 ............. .. ... ......................15 272 421 ........ ............... 11 683 976 .._................. .... .. . ....................................... CAPITAL AND SURPLUS ACCOUNT .... .................... ..28,092,744 21701161 21. Suplus as regards poliyhoders, December 31 prior year (Page 4, Line 39 Column 2) 22 , ..................................................... Net income (from Line 20) .............. _..................... . ... ........... .........186,284,134 ....... .............161,665.379 23. .. ..................... ............................................................................... Net transfers (to) from Protected Cell accounts .................................................................... . ... .....................28092,744 ... ...............21,701,161 .. ................................................. hange in net unrealized capital gains or (bases) less capital gains tax of $.....261 193 . .. .......................................... ......... ........................... ... .. 25. , ....................................................... Change in net unrealized forego exchange capital pain (bss) ................................................................................ ... ............................485,074 ........ .................1,168.609 26 .............. Change in net defened income tax ................... ... . ......... ............................................................................................................ hange in nonadmifled assets {Exhibit of Nonadmilted Assets, Lme 26 Coumn 3) ... .......................... .527,556 (85,535) 28. ..........................................................._ Change in provisbn for reinsurance (Page 3, Line 16, Column 2 minus Column 1) .. ................. . .........,..49.285 ......_. ...............,1,814,501 29. ............................................................... Change in surplus notes...._......_ .................................................................................... ... 0. Suplus (contributed to) withdrawn from protected cells ............................ 1 Cumulative effect of changes in accounting principles ......................................................................................._.... . 32. Capital changes: 32.1 Paid in ................................_................................................................................................,.... ............ 2.2 Transferred horn surplus (Stock Dnklend) ...................................................................................................................... .. . .......... ................................ 32.3 Trensterted to surylus.......__ ............ .._.............................................................................................. 33 .......................... Surplus adjustments: ... .......................... 33,1 PaWin ................_..........................................................................................,........................ . . .............................._....... 33.2 Trensfenedto capital (Stock Dividend) ............................................................................................................................ .. . . .............. .........._...._ . ... ....... .............................. 33.3. Transferred horn capifal ................................................................................................................................................... . . ........ 34. Net remittances horn or (to) Home OH~ce ................................................................................................................................... .. . . ......................................... . ......... ................................ 35. Dividends to stodcholders ............................................................................................................................................ . .. 36. . . .......... Change in treasury stock (Page 3, Lines 34.1 and 34.2, Column 2 minus Colwm 1) ............................................................. ... .. ......................................... . ......................................... . ......... .... ................................ 37. Aggregate write-ins for gains and bases in surplus ............................................................................................. 0 ..... ................................ 38. ..................... Change in surplus as regards policyholders for the year (Lines 22 through 37) ....................................................................... . . .. ...................................... . ......................29154 659 . ......... ....... .............................0 .............24 598 755 39. Surplus as aMs policyholders, Deoember 31 cunant r Line 21 Line 381 P e 3, Line 35) .................................. . . ....................215,438,793 166,264,134 0501. LAD Program - (Credd) Expense .............................................................................................................. .................................. ...............................(4,518) ............ ................273 080 0502. _ ..........................................__.................,................ . 503 ........................................................................................................................................................ ... ............. ............................. . ........ 0598. Summary of remaining write-ins for Line 5 tram overflow page ............................................................... .................................. ............. .. ......................................... 0 ............. ....................... .. 0599. Totals Lines 0501 thru 0503 us 0598 Line 5 above ........................................................................... . .................. .. . .. ....................................... 4 518 ............ ...........................0 1401. Miscellaneous Income ................................................................................................................................ .. . .......................... ................................. ............................... ..............................47,754 ............. ...............273 060 26 106 1402. Mscellaneous Rebsurence Income ........................................................................................................... ................................ ..............................72,096 ............. , ..... ..........121,373 1403 ..................................................................................................................................................... . .. ........... 1498. Summary of remaining write-krs for Line 14 from overtbw page .............................................................. ................................. ....... .. ........................................ . D 1499. Totals lines 1401 thN 1403 us 1498 Line 14 above ........................................................................ . ....................... ................................ ............................... . ....... .....119 650 ............. ..........................0 147 479 3701 ................................................................................................................................................... . . .. ............. 3702 ........................................................................................................................................................ ................................. .......... ................................ .............. ............................ ........... 3703 ........................................................................................................................................... ................................. . ......................................... .............. ............................ ............................ 3798. Surnrnary of remaining write-ins for Line 37 from overflow page ................................ .......................................... .............. ............................ ............................................................... ................................. ................ . ..........................0 4 /~nnuai~~taiemen~tor~nevear2oo7otine EI'1@ ~nSV~ahC~ ~'OI11(~8n~/ CASH FLOW CASH FROM OPERATIONS Current year Pnor Year 1 Premiums colleged net of reinsurance ................ ........_...,....,....................._..... 2. Net investment income. _.. ......188,902 361 _. ... 3. Miscellaneous income... ., ......, ~ ~~~~~~ -' , ..... ......22 690 739 192,415,214 ...... _.... 4. Total (Lines 1 through 3) __ _ . , .20,546.47D Banefn and loss related payments....... . ._._..511705 .211 081 394 _.._ 500 602 ... Net vansfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts . , 104,343, 222 ... ......212,461,083 ........ _........100 430 675 .........._ .................. ...... _...._. ~ Commissions, expenses paid and a 99re9ate write-ins fordeduc8ons , , ..................................... . Dvidends paid to poticynolders.... ..... ...69 399 524 ............... 5. Federal and forego income taxes paid (recovered) net of $ ...134,852 tax on capdal gams (lo 10 T . , _. .......959,183 71 906,519 .....1,208 989 sses) ... otal (Lines 5 through 9) . _. 14 318 926 , 11. Netrasnfrom _ _ _......__.___ operations (Line 4 minus Line 10 "" ' ..................... _. 189.020,855 .......... 12 675 692 186,221.875 CASH FROM INVESTMENTS 12. Proceeds from investments s ld - ...- z2,osDS3s ..... ......._.......zs,23s,207 o , matured or repaid: 12.1 Bonds ....................................... ....................... .. 122 Stocks ... ... • 12.3 Mortgage loans °- . .... 73,227,984 .....93.9 14.967 .. 4 Real estate .................................... 11,132,660 13,439,859 _..........,.................... 12.5 Other invested assets ............................ ...... .. ........... ......... 12.6 Net gains or (bases) on cash cash equvalents and short-term i ....... . ............. ...... nvesments . 12.7 Miscellaneous Proceeds .. . .. 12.8 Total investment ro " "' p Deeds (Lines 12.1 to 12.7) ... .... . - 302 843 "' ... .... 3. Cost ofinvestments acquired (long-term only). ..........84 663 488 ....793 096 13.1 Bonds .................... . . 108,147,922 2 Stocks ......... ............................. ............................................. ...........,................................._......................... 13.3 Mortgage loans . 95,821,918 .... ...........114,838,165 . ............. ................................................... 13.4 Real estate .................................... ..... _............13,563,960 ......... .. . .............20,442,890 ................... 13.5 Other invested assets ............................... . ........... ............................................... .............................,,........... 13.6 Miscellaneous appliptwns ........................ . ............ ............................. ................................ .. 3.7 Total investrnents acgwred (Lines 13.1 to 13.6) .... .............. ___ . ...................... ............. Net inaease (tlecrease) in contract loans and premium notes .............. • . .....................109 365 878 ........... 73 642 ........ 135 354 697 ......................................................... . 15, Net cash tram investrnents (Line 12.8 minus Lines 13.7 and 14) ............... . .................. . .............. CASH FROM FINANCING AND MISCELLANEOUS SOURCES 16 .._...............,..(24.722,390) ............ .........(21.206,7751 . Cash provided (applied): 16 1 Surplus notes, capital notes ...................... .... 16.2 Capital and paid in surylus, ass treasury stock ................ .................................._......._.. ............................................. 16.3 Borrowed funds .......................... .,......................... 16.4 Net deposits on de it- ""' .... .......... Pos type contracts and other insurance liabilities .... .............. ............... ... . ......... .................... 16.5 Dividends to sttlckftoWers .......................... ......................................................... . .. ................................ .................. 16.6 Other cash provided (applied) .......................... ..................... ....... . 17. Net cash from finandng antl miscellaneous sources (Lines 16.1 b 16.4 minus Line 16.5 .. .... .. ....... RECONCILIATION OF CASH CASH EQU I ....... 951 779 ............ 3951 779 ...... 1510 250 , IVALENTS AND SHORT-TERM INVESTMENTS 16. Net change in cash, cash equivalent ............. ..... 15102 250 s and shoR-term investments (Line 11 plus Line 15 plus Line 17) ................................ 19. Cash, cash equivalents andshort-t n i ... e s nvestments: • 19.1 Beginning of year ................................................... •• - - •.......1,289,928 .............. .....(16,069,818) ....................... ............................ .... 19.2 End of veer (Line 18 plus Line 1911 ~' •~... • ~• ~•~~ ~ • .....................8.706,749 ................. ......24.77s Say 5 ~ t ~~•, ~ ,. ~~~~~~-sP.,~~.~-z--or~.,r. Er€e Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1 • PREMIUMS EARN ____.__ Lme ofBus~~ess 1 2 Unearned Premiums Net December 3l Premums Prior Year- Written pe per rCol.3, Column 6 P t 16 ' i 3 4 Unearned Premiums December 3l Premiums ~ Current Year- Earned per Col. S, Duri Year I __ _ I ar I Last Year s PaA 1 Part 1A ~ (Cols ~~ 2 - 3 1. Fire,,,.. ___ _ _. _. I ............. ...1,755,65 5' 39 ..... ..738. 5 .. ...846,70 1 i ,349 ~ 1 647 I 2 Allied lines __ I .....40669 4 151,511 ..........170,87 1 387 333 ! 3 Famrownersmul6pleperil..._..... __... ... , . .__ .._..... ... ........... 213 _ _ .... ,,,...213 4. Homeowners muluple pen ...... .. 5 C i 36,546,468 ......14,533,413 I ...... 6614 1 3643 3 . 5 ,7 9 ommerc al multiple pent .. _. I I ....23 934 459 I . ... ........... 8923290 g 92y g9 ...... .... 2 ~ 23 6 Mortgage guaranty... .. L i ..... 927,757 Ocean manne __,._ ... ~ . .. .. ............. I .. .. ....... _ i _.......0 _ . ...., . .. ....... 2 I .. .... ... ,.. .... . 2 9 Inland manne ........ _..... 975 241 ~ I I i ..... . ..... 341205 .... ........ .356,388 , _....960,05, 10. Finanpal guaranty ............... ..................................... ................. . I i 11 1 Medical malpractice -occurrence.. . . .......................... ...................._..................... ............................................ i ... _ ................ . ..0 11.2 Medical malpractice -claims matle I .... 0 i i 12 Earthquake_ ......_ ........ .... _... .. 13 ........ (6) ..... ... (6) . Group accident and health .... 14 . - i - 0 . Credit accident and hea8h (group and individual) i 15 Other accident and health ............. ...................... .... .......................................... .............. . ... _.........,....0 16. Workers' compensation _ _.. 15,771 916 ....... 8771 5,65. ...... ... 5 402 994 1 1 6 71 Other liability•oaurrence .... ... .... ... ......... ....................... 2,512,271 .... 1 033 215 , ......... 0 7 , 2 694 ...................... , , .......,...................1,107,515 . .... , 2 437,971 i 1Z2 Otherliabiliry-claims-made ............................................................. ......._.......................16.582 .. 13 160 ............... , ............................. 874 .............................. 15,868 18.1 Products liability -occurrence......... _ _.......... ............. ........................119,604 ................................40,920 .............. 43 838 1 18.2 Products liabilhy -claims-made .......................................................... . .................. , ..........116,687 I 19.1,19.2 Private passenger auto 8abiliry_..__....._ ............................................ ...... .... .. ........................ .55,118,114 .......,............. 22,170,630 22 204 242 0 19.3, 19.4 Commercal auto liabiliry.,,_ ...............................__....................... ........................11,777,726 ...................... 4,509,286 ... , , ........ . 4 512 347 i .................. 55,084,502 l ~ ~ 21 Auto physical damage .................. _.....................,.......................... .........................39.551.467 .........................15,950,932 .................. , . .........................15,683,969' .,....................... tt.nasss .........................39,818.430 22, AirrraR (all palls) ........................................... . 23. Fideliry ...................._....................................,................................... . ............................ ...27,672 ......... ~ ................. 13,3.... . 2 ..........,............................. .................. 13 660 ...._ .................................0 24 Sure ry .........................._............................_....................................... .............................279,639 ..............................157,010 ........ , .........................151.403 ............................. 27,524 ..............................285.247 I i 26. Burglary andthefl............__ ........................__................................... ....................................715 . 470 I .................................... . ....................................424 ....................................76D 27 Boiler and machine ry........... _ ......................................................... . ................... ' 28 Credlt ..................................................................__ ............. ....................... ............................................. ........................................... .......................................0 I _ i .......................................... ........................................... . .......................................... ........................................0 29 IntemaOOnaL...._ ............................................................. .. . ............. . .......................... .......................................0 30. Reinsurance-rgnproportbnalassurrredproperry .......................... 12 856 22 154 . .... . ................................ , .. ...............................(3,911) . ...............38,921 31. Reinsurance-nonproportionalassumed liabiliry .................__............ ...................................(14) . ................. ....................... .. .......................................... ......................................(14) 32. Reinsurance - nonprooortional assumed finandal lines ....................... ............ . ... ......................... .....................0 I 33 Aggregate write-ins for other lines of business........ _ ............... _............._0 .........................................0 34. TOTALS .............................................. ............................188.807,266 ....................__74.257.884 3301 . .................................................................._................~ 3302 . ............................................................ I .............................................. 3303 . ...................................................................................................... L........ 3398. Summary of remaining write-ins for Lme 33 from overflow page ................ ..............0 I .........................................D I ..,.......,....... s 700 .... 0 ................... ... . I ................. ......................0 ................. 0 ...................0 ; .. ............... ......................0 • A°~~a Siaiea,enlforl~eyearz~o7ortne Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIB IT ----------_ i PART 1A - RECAPITULATION OF ALL PREMIUMS 1 j ~ y I -~ 3 I -_-__4 ___--, - 5 Amount Unearned Amount Uneamed I I Reserve for (Running One Year ; (Running more than Rate Credits I Total Reserve Lane of Businecc I 1 or Less from Date i One Year from I ! Eamed But I I of Pol a Date of P l and Retrospective Adjustments Based for Uneamed . Fire.._._... .. ., o i al Unbitli3dPremi ... 646 695 on Ex rience Cols. 1 +2.3+~ 2. Allied lines. , I ... . 6 3 Famxlwners multiple peril ... . _ ... .. _ j 4 I .. I 6 7C , .._ 4. Homeowners multi le P Peal I .... I ~ .... __ . _... 1 70,87 ... . 5. Commercial multiple peril .. . 14626,142 ~ .. _ 6. Mortgage guaranty . ._ I i. 4 431 j 5 561 ...... ... 14,626,14. 8 Ocean marine. _ 1 I .... _ . ......... 8.9 9, , 9 Inland madne . I I -_ i 1G Finanaalguaranty_.. .355 967 _ 421 1 .... ~ ... .. .... ... I 11.1 Medicalmal rocpce- P occurrence ..... i .. .3 6, 5388 . 11.2 Medical malpractice - Gaims made.. ... .... ... ... ..... ......... 12 Earthquake......... ..... . ; i ... ... ....... I 13. Grou acadentandhealth P I . ~ .. ..... . .. Credit accident and health (group and indivWual) . ..... . I er accdent and hea8h. .. ' "' ' ""' ' ' ' - 0 16. Workers' compensation........... .. I . ; j ............ 17.1 Other liabil i dy -occurrence.... . .5,392,278 ... 10,7161 ~ "' .... 1 .. ~ ... ........ ... " "' 17.2 Other liabili ry •claims-made ....1,101,601 . ., 5,915 ..... 5402994 .................................. 18.1 Products liabil .. 4y - ocarrence .... ..........................................13,874 .............................. ... _ ........................... i .. ................. ........ I ...........1.107.515 .................................. 18.2 Products liability-claims-made ... ................. ........................ 43,819 _..........19 .,............ ........... . ............................ ... ............... 13,874 ..........__ ....................... 19.1, 19.2 Pdvate passen .... ... ~ ............................................... .............................. j ......... .. ......... ............... 43,838 ger auto liabdiry ......................... .. ................................... ........ .............. ............. 119.3, 19.4 Commertcalautoliabili ................ .................22,204,242 L.................................. I . ............. ....... ........................0 ry__ ................ ........................... 21. Auto physical damage .................... ............. ...................................4,512,347. ................................. ...................... .......... .......22,204,242 1 ............................... I 22. Aircraft (all perils) ....................... 1 ......................... ........15,683,969 _............................. ............................._ .... I . ........4,512.347 .................................... 23. Fidelity.. ......... ...... ....... .... _................... . .......... ......15,683,969 ...... 24. Surety ........... .. 13,076 _ I .... .0 .................. ....... 26 Burglary and theft .............. . ......122,721 ...... 28,682 ..... .13,6601 . ............................................. 27. Boiler and machine ry .......................... j .............. ...........................424 ........... ........................ .. 151,403 ............................. 28. Credit ................................. ............................................... .............. . ....................... ........... .............,...424 I ............... .............................. 29. Intemational ................. . ............ ............ .................................. L.............................. ........................ . 0 1 30 Reinsurance - nonproportional assumed I ...,....... I ........ .................................. . .........,......................... ........................ ............. ..... . .............. DroPertY ........... 31. Reinsurance -non Proportpnal assumed li bili ......................................(3,911) ....... .. ......................... ~ ..... ........................ ............. ..................0 i a ty i ............ 32. Reinsurance-non P+oportional ................................................ ................ I ....................... °-°•°~° ~• ) ........... (3,911 assumed financial tines... ............. ..... ... __ .............. 0 .......................................... 33. Aggregate write-ins for otherlines of business...... . .......................................................0 ........ 34. TOTALS °-- ..................................................................................J4.008.542 , ................ 35. Accrued retrosperdive premiums based on experience ..................................... .................................... Eamed but unbilled premiums .............................__ ,908 I ............. ......0 ..~ • wM1U yr eru l t•WS ' - --.._- 1 . ...................................................................................................... ................................. 3302. ... .................................... ..................... ................................................................................................................................... ............ .................................... .................................0 3303. I .................... ....................... 0 ...................... 3398. Summa oi .................................. ry remaining write-ms for Line 33 hom overfbw .... .... . Page ...................................0 i .................................0 ............................... .................0 3399. Totals Lines 3301 thm 3303 us 3398 Lme 33 above ........... 0 ................................. ........ (al State here basis of W y .................._ _A 0 (.................................0 mputafion used M each rase: Monthl Pro-Rata _ 0 0 ' n I 7 ~, , ,~~'~.,~F,,,;r,r~e,,.~~: .~~,~-,~,; Erle Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT _ __ _._ PART 1B • PREMIUMS WRITTEN I - --_-- i -~ Reinsurai ---- ~ 2 Direct ~ Business ~__._________ Line of Business a --- I FromAffdiates 1 Fire.. _..... . 844,06 6 ...._1,755,655 2. Allied lines ............. _ _ _._. _... 294432 .... 406,694 3. Farmowners muPople pent j i 4 Homeowners mullple pent ._... _. 20 817 318 ....36 546,468 5 Commercial mullple pent 33,336.379 I ........23,934,459 6 Mortgage guaranty... _.__ ... .... . ., 8. Ocean marine .......... .. . __. , I _, ' 9 Inland marine ........... ............ _.. . _ ...628,778 ..... .975,241 10 Financial guaranty _. .... 11.1 Medical malpraclce occurrence... _ _ ... I ~ 11.2 Medical mat dice - ctaims•made. Pre I .. i 12. Earthquake. ... __.... ... .. ... 13. Group accdent and health 14. Credit accident and health (group and individuaq .. .............................. ..... .............................. 15, Other aciident and health....... _ ......._ ................................. . . ........................... . ........................ ~ 16. Workers'compensation...._ ......................_...,............,....,..,....., ...........33.295.988 ..... ...........15,771,916 ' 17.1 Otherliabildy-occurrence ................................_.................. i L............3,827,329 .............2,512,271 17.2 Other liability - claims-made ...................... ..... ...................3,055 I ..................16,582 181 Products liability-occurrence. __.. ...........47,298 .......__.....119,604 18.2 Products liability - claims-made ................................ _............... .................. . . .......... ....... . ..................... 19.1,19.2 Private passenger auto liability ........................................._......... .........162,066,263 .... .... ..55,118,114 . 19.3, 19.4 Commercial auto liability ................._..... ___......._.........,.......,.. ...........33,321,550 ........ ,.11,777,726 . 21 Auto physical damage ..................... .........119,132,988 ...........39,551,467 . 22 Aircrafl (all pertlsl ....................................................................._ 1 .............. ,.......,...... .............................. . i ~ 23 Fidelity..........__...........,_ ..............__.. ............ ...............535,751 ............,.....27,872 . 24, Surety ................................ ............5,273,805 ................279,639 .. 26. Burglary and theft .............. _..._ .......,...................................... ..................12.778 . ......................715 . I 27. Boiler and machinery ..............._..........................................._.... . 28 Credri ...................... ..................................................................... ............................... ...................... . 29. Intemational ............................................................ .................. .............................. ..... . . ....................... . 1 30. Reinsurance - nonproportbnal assumed Droperty-,,.,..- ............. ...........XXX............. .................12,856 .. 31 Reinsurance - nonproportbnal assumed kab8ity ......................... ...........XXX............. ......................(14) ... 32 Reinsurence - rronproportional assumed finandal Nnes ............... ..........XXX.............. ............, ........ . 33. A99regate wrRe-ins for other lines M business ............................. ..........................0 .. .........................0 ... ' 34. TOTALS ....................................................................................... I . ....... d13 d39 77A tan am ~ 3 Net Premiums ; Written ! (Cols.i+2+3 .. _8440661 ~ I . ..,.....1,755,655 _ ,........294432 i ......... 406,694 _ .... ........ .. .... L i ... .0 .20,817 316 36.546 468 ............33,176,404 .......,159 975 .. .... .23,934,459 ......... i .......0 ...... i 0 .... ....628.778 I ._ ,...... .975.241 i _.... _. ;, ... .... 0 .. .. i . .... ... I .... ............ 0 .. ..... . ...... . 0 ........ .............................. ...... ....................... . _. .......................0 ...................... ............................. ...... ....................... . ' .,. .......................0 .......................85 ..,........33296,073 ...... I ......................,. ..... ..,...15.771,916 ........................ .............3.793,329 ....... ...........34,000 I ..... ........2,512,271 ... .3,055 I I ... ...........16,582 ~ .... ..., ....... ..47,298 . ..........119.604 .. ......................0 .......................... .........160,615,963 ....... ......1,452,300 ..... ......55,118,114 ........,.12,706,910 ........ _.45.268,094 ....... .........760,366 ...... .....11,777,726 ' ...............102,631 .........119,235,619 ,..... ....,39,551,4671 ............. . ......... ...... ....................0 ............................ ................535,751 .......27.872 ............. .............5,273,805 ........ .................,.... ...... ..........279,639 .................... ..................12.778 ........ ...................... ....... ..,.............715 ............................. ............................. ........ ...................... . 0 ............................ ............... ..................0 ...... .................... ....... ...................0 .,. ................ ............................. ......... ..................... . ...... ...........12,856 ........................... ............................. ........ ..................... ....... ................ (14)1 ........................ L, ............................. ........ ....... ....0 I ..,......423,642763 3301 . ......................................... _ 3302 ...................0 .............................. . .................................................................................................................... ..................................................................................................... ...0 3303 ............. ...................................................................................................... _.................................................................................................................,.,..........................,..............D 3398. Summary of remaining write-ins for Line 331rom overflow P&Je . ..........................0 0 .........................0 ..........................0 ........................... ...........................0 j. .........,............D 3399. Totals Lines 3301 tlrN 3303 us 3398 Line 33 above ...,...... ~ ..........................0 0 ................. _ . ....................... _........0 ... _.....................D~.__ n~ (a) Does the company's dked premiums written include premiums receded on an installment basis? Yes [ ] No [ X ] Ii yes: 1. The amount of such installment premiums 5..........0. 2. Amount at which such installment premiums would have been repor~d had they been recorded on an annua8zed basis S .........0. 8 'n Of o ~ {~npp ~ O~ ~ ~ aOp .~- Q~ ~ ~. ~ O~ ~ O ' ~ O O aOD m~ ry ~~ 0 0 p n Oi ~ A !~ ~ AFy C ~"~ ~ O? cV O I n9 W ~a i o 0 O O O o O F- O O I I : I I O OI I O O O O Oi NI C Y ~~ D yl 0 0 W! Oi i 0 0 0 0 i i i ~ ~ ;I 'I i ,~~l~ '~ ~~~o ~~ ;~~ 21 ..~ £~ ~p ~ o N r~~~ ~~~ I ~~~ ~~j= I •p~ N O Obi OI'~ O ~ ~ ~ ~~ • "`'°°d'"3'emenllorlneyeer.co7nnr,e Erie Insurance Com pany UNDERWRITING AND INVESTMENT EXHIBIT ------ ----- PART 3 • EXPENSES --~----- - 1 --- ----- I r Z --- ---__ 3 __ I-------__ __ 1 Clam adjustment services: -- I Loss Adjustment ----- Excenses Omer ! i UntlerwrNng I Expenses Investmont I 1.1 Direct... I I ----)- ~ - Excenses ~ ~ Total - 1.2 Reinsurance assumed 8 938 833 i 1.3 Reinsurance ceded„_,. 1 6,579 992 ~~ i ` i ........ I 1.4 Net claim adjustment services (1.1 + 1 ~ 1.3) 10 551 147 I _, , I . 6,579,992 2. Commission and brokerage: I I . . 4.967,677 i .•..., .., . _...0 1 ....10,551,147 2.1 Direct, excluding contingent ............ ~ i i I I - 4.967,677 22 Reinsurance assumed, excluding contingent. ( ....,.. ~ i 46.061.465 ~ . 1 . i ... .. Reinsurance ceded, exduding cen6rgenl .. ~ i ...........22,036.306 ~. ~ .........46,061,465 ...... i 2.4 Contingent • direct ............. .. _....45,560,877 1 i 2.5 Contingent -reinsurance assumed .. I I ~ ~ .. .... 45,560,877 2.6 Contingent - reinsurance ceded ,....,,., „ ~ 2 7 I ... 4 792,722 ; . ~ .. ...... ....0 ' ..... 4 792 722 . . Policy and membership fees .. .. . ' , ' 2.8 Net commission and brokerage (21 +2 T 2 3 + 24 25 2 _ _. ~I 6+27) i i .. - I 3. A~owances to managers and agents 1 •° 0 •......27,329 616 ... 2 4 Adverusmg . .... I , ~ 0 7,329,616 .. 5 Boards, bureaus and essddations .... 1 1,353 I `°" 1 ~ 466,321 ~ 0 6. Surveys and underwnting reports .................................... 55,287 ~ .. _411,795 ~. ~ 1 .467,674 i ...... ' 7. Audd of assureds' records .......... I 15,151 I __....1,167 836 ....467,081 ' 8. Sacary and related items, •• , .......370,800 ... - ..1,182,967 ' 8.1 Salanes.. _... . __ ,_ ......370,600 . ~ 8.2 Payroll taxes. i 9 ~ 7,082,159 """ .. ..8 932 221 ....... . ..150 287 6 16 Employee relations and welfare. 1 ...... 467,806 ~ 609 595 ~ ~ ... . , 4,666 1 "' " 10. Insurance.. ........ ............. .1808,296 , ..... 2 029 969 1 ....... 56 . I ..... . 4 i 11 Dcrectors tees ... _ .. 89,966 ... .. 51 9 1 ..... 3.85 ,196 _ ...... .... 12. Travel and travel items ...................................... .... ................._.......................... ................... i ........ ....... . . .......... ...............223,499 ...... .................... I ' 21 ....... ...., ....... ...141,605 ................................. j 13. Rent and rent items ............................... ................................. 319,723 ..,. 333 957 ................... ....... ................ 223,499 .......... 14. Equipment ............................................................ .. .... .. .......... ..........317.026 , ....... 772,447 .......... ................. 7,602 ........ 2 947 ............... 661,262 ......... .__............. 15 Cost or depreciation of EDP equipment and software .............. i ..............,....................,...... - ...88,434 ,..., , . 1.208,106 ......_... ................ , ......._.... 13 541 1092,411 _............. 116. Panting and stationery .......................... .,..............................................,..669,656 i ......... ........... . . .. , Postage, telephone and telegraph, excha age and express ....... 70,883 i ... _ .... ............313,606 .......... 13 499 669 651 ............... 18. Legal and auditi ng ........................... ....................................................277,062 .......... .......... , 1282 487 , .... 397,988 """""" ............................................................ 19. Totals (Lines 3 to 18 I ) ........................ ........................................... ...,....100 659 .......... , ............ ..........1.117 524 ..............2.471 •••• 1,562,039 •""""" . ....... ............................... 20. Taxes, licenses and fees: . . 11.563,479 ........... ............. .......19,291, 781 ............24 563 _.. ._.... . 1 242 746 2D.1 Sfate and local irrsurance taxes deducti n9 guarenty assoda6o I ............. ..........236, 918 ... _..... ....... .31,092,179 1 n cre of 5.....248,211 .................................... dits I ....... ........................................ 20.2 Insurance department licenses and fees.... ............................................................................ ........ 3,801,378 ......... _ ..................................... ~ 20.3 Gross guaran ty association assessments ........ ............................................._................. ........... 1 .... ........... 370,518 ........... ...................... .......... ...... 3,801, 378 .................................. 20.4 Allother(exdudingfederalandfo ~ real estate) .... ........................................................ ......... .... ...........(71,647)~.............. .................................. ..................... ....... ........... 370,518 71 ... i 20.5 Total farces, licenses and fees (20.~ 20.2 20 20.4) . ........................................ . 3 054 ........... ................. . 1 I.........__ ..... _ _............ ~ 24 I ............( ,647) ................ 21 Realesta[eexpenses ........................_......... .................................................. 3,054 I ( ) ....,........ .......4,100251 ............ ............ 3 029 .................................................. 22. Real estate taxes ..................... ............. ......................... ..................... ............... ........ ...................... ................24 4.097,221 ........................................................ 23. Reimbursements by uninsured plans .................... ............................................................ . .............. . _............. ...................... ............. .................... ............. .....................0 i ............................ i 24. A99regate wdte-ins for mutcellaneous expensas ........................................... 2 . ..... ................. .................. . ........ ................... ........... .................... . 5. Total expenses incurred... i ............... ......................... ......................62984 .271251 .. ..................0 . .............................................................. ~ 26. Less unpaid expenses -arrant yeas .............. ................................... ....................... ..............16.591,066 ............... _............... ... 50,992,899 .......... ................ 0 .............. .....236,943 (a) ....... 334 235 67 ............. 27 Add unpaid expenses - error year .... ......................................... 26,471,898 ................ ....1 486 750 .......... ... ,620,928 ........................ 28 Amounts receivable reWting to uninsured ........... 27 920,995 ................ , , ....1,936,634............... 78.926 • • •••..• ,. . 76 841 ..26,037.5741 .... 29. Amounts receivable reW6ng to uninsured pla s curren~ear : ...... .......................... , ,.. . ................ ..29,934,470 , ................... 30. TOTAL EXPENSES PAID (Lines 25-26+17-28+ ...... 29) .. .......................................................... .............° 0 ..................... 2401. Miscellane E ... ....................18,040.183 ................. DETAILS OF WttREdNS . 51,442,789 .................. _..234.859 L............._ •• •• .................0 i 69,717,625 i ous xpense .............................. ........................................................ 2402. Contnbu8ons b Chanties ............... .... ..............................................61,749 •••••• • •.... .....271 237 ................................................................. 2403. ..................... ........................... ...... ..........................................1,135 ................ , ................ ..............14 .. ..............0 .................. .....332.966 2498. Summary of remaining wrik-ins for Line 24 from oveAbw•...••.•.• ....................•.. 9 ....•......•........... ... .. ... . ................... ................ ................ .................... ................ I .................. ..... ......... 1,249 8 2499. Totals Lines 2401 drru 2403 lus 2498 Line 24 above Pe . ....0 ................... ~" ~ •~ ..............0 ........... I ................... ............... 0 .., ... ... (a) Indudes management fees of 5.....47,311,132 to affiliates and _ 62 984 _ ......... .... 5 ... 271251 0 ................... 0 .... "°'°'°•0 ..........0 m rion af8liefes. .334 235 a ~. k ¢~ S" ~ 11 ' ~~._ . ~'-,•'"~ -~~,, Erae Insurance Company .,~__ - ______________________EXHIBIT OF NET INVESTMENT INCOME i -~--- 1- ---,- 2 i CoNected i )- - - - - ----- Eamed --- --- - --- ~ Dunn L 5 government bonds _ _ . (a). 1 1 B d ""' - Year 436 13 During Year I ...., .. .. on i exempt from U S tax .....,.. , fi ..411,316 (a) .... 1 2 Other bonds (unaffiliated) 901.637 . _.. (a) .. 1 3 Bonds of affiliates. 19 013 501 ~ 19 4 4 4 41 9 2.1 Preferredsto ksfunaffihatedl _ I(a) ... '.. Ib) 2.11 Preferred stocks of affiliates 2110 552. . 819 5 .. .... (b) ., ~ 2 2 Common stocks (unaffiliated) .... . _. . 1 , 2.21 Common stocks of affiliates 3 _. Mortgage bans _ _. i 4 Real estate _.,, . (c) ... _. 5. Conhad loans ....... .. (d) .... _ _ ....... 6 Cash. cash equivalents and short-tens investments I . - - - I .. _ Derivative instruments ... __ (e) ... . ..333.3131 _.. 334.D00 _ ................. Other invested assets.... ... (n..... ...... , ... . ...... 9 A99regate write-ins for irnestment income .. .. _ . . ..... X10 Total cross investment income .. 25 ,145 ! . ...25,145 _... ' 11 Investment expenses...... I -- ,680 464 I .. 23.262,702 i 12. Investment taxes, licenses and fees, excluding federal income taxes •• • .......... i (91 _ .............236,919 ....... . ~ 13 Interest expense _. ....... _.... . ~ ~ ~ ~ ~ ~~ ~ •• • ~ •~~ ~ ~ . ... i (hl .. 24 i 14. Depredation on real estate and oNer invested assets ~ ~ ""' ~' °°~ ~~ - . .... ..... .... ......... .. ggregate wnte ins for deductions from investment income ..._ .. (i) ..... 0 I . 16 Total deductions (Lines 11 through 151.. ................ .. _ A .. 17 Net investment income Lme 10 minus Line 16).. _ ............................. ... ?36.943 ~I ............................................................... - DETAILS OF YYRIT i ...............~ ..... ...... ...........,,.._23,025,759 - E•N!S 0901 Miscellaneous Interest........... 0902.. ...... ................ . _... . . .... 5,145 ..... . . j .......... .... ................... 0903. . i ry rig 0998. Summa of 2maini write-ins for Gne 9 from overffow page... " " I ......................................................... 0999. Totals Lines 0901 thru 0903 plus 09981 (Line 9 above . _.. _ .... ............................... ..............0 .......... . 0 .... 1501. .. ...... .. ..... _... .., 25,145 ..... _............25145 1 ... 1502. 1503.. ...... 1598. Summary M remaining write-ins for Line 15 from overlow page """"' """"' ~ ~ 1599_ Totals (Ernes 15011hru 1503 plus 159811Line 15 above).. ~ ••~ 0 (a) Indudes S 408 378 accrual of drscount Less S 532 631 amorlaahon of premium and less S ..352,454 paq (or accrued interest on purchases (b) Ind d $ l l 0 i , u es .....195 accrual of discount less $ .........0 amortizafbn of premium and less $._.......0 paid fa accrued dividends on purchases . (c) Indutles $.........0 accrual of discount less 5..........0 amortization of premium and less E..........0 paq for accrued interest on purchases. (d) I d d $ n u es ..........0 for trompanys ocwpancy of its own buildings; and exdudes 5..........0 interest on erxarmbrances . (e) Indudes $...,.40,839 accrual of discount less 5.....2,250 artartizatbn of premium and less $.....19,887 paid for accrued interest on purchases , (n Includes $..........0 accrual of discount less 5..........0 amortization d premium. (g) Indudes $..........0 investrrrent expenses and 5..........0 investment taxes, Acenses and fees, excluding federal irxbme fazes, atbibutable to Segregated and Separate Accounts (h) Indudes 5..........0 interest on surplus notes and $ 0 i .......... nterest on capital notes, . (i) Indudes E..........0 depreciation on real estate and E.........0 rleprecietion on other invested assets. EXHIBIT OF CAPITAL GAINS (LOSSES 1 Realzed 2 3 q 5 i Gain Loss ) S Other Total Realized Change m Cha m ^~ Unrealized ~ ales or MaW ' Realized ' Capdal Gain (Loss) UnreaNzed i Forego Exchange 1. U.S.govemmentbonds .............................................................. ........................(24 159) A strnents x Columns 1 +y Ca itat Gain Loss Ca dal Gam Loss 1.1 Bonds ex empt U.S. tax........._ ....................:. , . ....................... ........................(24,159) . .................................... ..................................... ........................ 1.2 Olherborgs(urialf4iated) ........................._......... ........ 1.3 Borqs of affilia0es ..........................._............. ..................................... ..........................12,479 ..................................... ......................(609,412) ............................. ..... 0 ......................(596,933) ..................................... ......................(696,434) ............................. .................................... ................................ 21 Preferred stocks (unaff4iated) ........................_......................... 2.11 Preferred stocks ofaRrNates ................................. . ................................... .......................166,766 ............................ . ..... ...................(1.864,400) ..................................0 ...................(1.697,634) ..................................... . . ...........(1,3D9,547) ..................................... .............. _............._... . ...................... 2.2 Comnan strxH;IcS (unaffiliated) ...................... L.......................... ........ ..................................... ..................................0 .... ............................... .................................... 2.21 Common stacks of affiliates ........................... _ . ..............................0 ............................. . .... .. ................................ . ........................... Morgage bans ......................................................... .. . ................................... ..................................... ................... . ............0 ....................2,754,247 .................................... . ................ 4. Real estate ........................ ............. ..................................... ........................... .................................0 _. ...................._............... .................................... 5. Contract bans ............................. . .................................... ..................................... ............................ ..0 ................................ .............................._. ................._.............................. 6. Cash, cash equivabrfts and short-tens investrnents ....... . ..................................... .................................. ................................0 .................................... ................................,... .. .......... 7. Derivative inEtrumenis ........ . ..................................... 0 ..................................... ................................. . ......................................................... 6. Other invested asseb .................................. ..................................... .................................. ..................................0 ..................................... .................................... ................................ 9. Aggregate write-irn to gpital gabs (bases) ............................... ..................................... ......................_ 21739 ..................................... n ..............................0 I .....,.. ..................................... ..................................... epee) Gains ............................................................................... 01. MisoellaneousC......._ ............._.....,.................................... 21.232 21,232 0902 ............................ .................................... ..................... .........................0 ... 0903 ........................... .............................. ..................................... ............................... ..................................... ..................................0 0998. Summery rN remaining write-ins br L'ne 9 from overflow .. ......... page... .................................0 0 ..................................0 0999 Totals (Lines 0901 )tiro 09D3 plus 099811Line 9 above) 21232 ~ .. ."""""""" """""'"0 I '"'""""'--- -° 0 0 ~ 21,232 .......................... _ n ~ 12 ' ~°"~~'`~'a'~^~^'hrr~eyearsoo~onne Erie Insurance Company EXHIBIT OF NONADMITTED ASSETS CunentVear Total 2 PnorYear 3 Change in ToWI 1. Bonds ;Schedule D) ......._.....,,... Total Nonadmitted Assets Nonadmttled Assets Nonadmitted Assets .. _..._ _ ............. Col. 2 -Col. 1 Stocks (Schedule D) . .................................... 2 1 Preferred stocks......... _ ...................... . .......... ..... 2.2 Common stocks ...................._...__....... __...... ...... 3 Mortgage bans on real estate (Schedule B) "' ""° " "' ............. . . 31 First liens.._.....__ .............................. ...................... _..................C 3.2 Other Nan first liens__ ............ ........................................ ................ .............. .................. ................................. . 4. Real estate (Schedule A): ....................... ....... __................ . ................. ............. . ...................... .. ... _ .........................0 4.1 Properties occupied by the company ....................... . .......... ......... .................................0 ............................................ ........ 4.2 Properties heW for the protluctbn of income .......................................... _ _ . ........................................... 3 Properties held for sale.......... . _ .......................0 ... ... 5. Cash (Schedule E-Part 1), cash egwvalents (Schedule E-Pan 2) ... .. .............. .., an sort-term investments (Schedule DA) ................................ 0 . ................................ ........... ......... 6 Conbadloans ......................... ..............__..................... ................... . .......................... _ ....................._.............. 7. Other invested assets (Schedue BA) ........... _ ........................... . ............................ ....... 0 ...... ...................................................... . .......... 8. Receivables for securiifies .................... ...................... .......... .. . ......... .........................................0 ................................................ A99regate wnte.ins for invested assets .......... __ ................... ....0 ...... ..................................... Subtotals, rash and invested assets (Lines 1 to 9) ........... .. p ........................ .................... . 11 Title plants (for Title insurers onl _' Y) ............................... ..,....,.......... . ' "'°"° °° ° - - -0 .. ..... .0 _......... ............ _....................... _..0 ............................................................ ', 12. Investrnent urcome due and accrued ....... _ ..................... .. ............. ...... _ .....................0 ................_............. 13. Premwms and consitleralions: . .................. ....................... ......._.. __....._... _...0 13.1 Uncollecay premiums and agents' balances b the course of collettion ....__........ ....... ........................................0 ....................... 13.2 Deterred premiums, ents' bale ...... a9 aces and installments bodred but deterred and not yet due ..................................... .......................301.336 ........ ..... ..............356,621 .............................49,265 ........................................................... 13.3 Aceruedrebospective '"""""" premiums ............... ""' ._............ ...................................................... 14. Reinsurance: ..' . . ........................ ..................... ................................0 14.1 Amounts recoverable from reinsurers ................ ... .......................... ...... ............................ ......0 ~ 14.2 Funds held by or deposited with reinsured CD _ . mpanres ' ....... .... ................................................................. 14.3 Other amounts receivable under reinsurance contracts .................. . ... ....................................0 .................................................. 15. Amounts receivable relating to uninsured .. . ns ............ ......................... .. ' .. .... ......................... ...................................0 ......... ...................................................... 16.1 Current federal and fore n income fax ~ recoverable and interest thereon ....................... ......' ... ... . ........................ ......,.... .................................0 .. .................................... 16.2 Net deferretl tax ......... asset ......................... ......................._...... ............... . ..................................0 ................. 17. Guaranty funds receivable or on daposd ................ ................................. .......................... ....................... ........ ... ..................... ....................................0 ................................................................. 18. EleGronk: data ............. processing equipment and software .. ................................. ........................... .. ........... ....................... .............. ...................0 .............................................. 19. Fumtture and equipment, including health care delivery assets ........................... ............... . .. ....................... ........ ...................................0 .............................................. 20. Net adjustment in assets and liabilities due to forego exchange rates ... .. ........................... . ..... .. .... ....................... ............. ..................................0 ..... ................................. 21. Receivable from parent, subsidiaries and affiliates ..... .... .. . ....... ....................D ......................... 2. Health care and other amounts receivable ...... ........................... .. ..... . ............. ................. ..................................0 ....................................................... 23.. A ................................... 99regate write-ins for other than invested asseLS ... .. ............................. .... . ..... .............. .................... ........ . .............0 ................................................................ 24 Total assets exUuding Separate Accounts. S .... egregaled Accounts and P 0 ............... ............ ......... 0 .................................0 ro>eped Cell Accounts (Lines 10 through 23) ..... ..U ......................... ............................................................................. 25. From Separate Accounts, Segregated Accounts and P rotected Cell A ................307,336 .. .................. ......356,621 wounLS...... ..................................... 26. TOTALS (Lines 24 and 25) ....................... .................. ........... .............................. ........ . .......49,285 .............................................. .................... ..... ........ .307, 336 ............. ............................ . .......... ................ .....356 621 ...............................0 DETAILB OF WRRE•IN 0901..._ ................................................. , ................ ...................... 49,285 ................... ........................................................................... . D902 ................. .................. ..... ............................ ......... .................................................................................................................................... 0903. .... ......... . .... ....................... .. ........................ .......... .................. ............... ..............................0 ............... ................................................................ ...................... 0998. Summary M remaining write-ins for Line 9 from overflow ...................... ... .. ............ .................. .................. ......... . . .............................0 e ............................................... 0999. Totals Lines 0901 thru 903 lus 0998 Line 9 above .. .. ................................ .......... . ... .................. ............... 0 . .... .............0 ................................................... ..... 2301 ........................................................ ................ .......0 ... ............. ................. .............................0 ............. .............................................................................. . 2902 ...................... ....................... ........ .......................... ....... .............. ................... ...........................0 ................................ ...................................... . 303 .......................... ...................... ... . ........................ ....... .................. ............................0 ............................................................................ 2398. Summary of remaining write-ins for Line 23 hom overflow .. page ........................... .................................. .... . . ................ ................. ............... .............. ...........................0 ............... hovel ....................... 2399. Totals (Lines 23011hru 230'+ olus 2398) (Line 7a a ~ ~ ~. ......................0 ................................... ...... ........... 0 ..........................0 . ..................... ..........................0 13 --, r-~ ~~ :-> ~a o ~ ~,4 ~ .a -~ ~ t ; ; V-, ... 43 ~ ~., . _ -, ..J .q ; r ~^ °`~' ..; c± - . rti;, ~ ..~. .. r,:,