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01-2199
COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April 1, 2001 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 Assets and Liabilities, and otherwise complied with the requirements of Section 661 of the Act of Assembly of the Commonwealth of Pennsylvania, entitled "An act relating to insurance; amending, revising and consolidating the Law &c.," approved the 17th day of May, A.D. 1921, as well as with the requirements of the laws of this Commonwealth applicable to such company in doing business herein. Now Therefore, 1, M. Diane Koken: Insurance Commissioner of the Commonwealth of Pennsylvania, do hereby certify, in accordance with Section 1, of the Act of Assembly approved June 29, 1923 and known as act No. 373 of the Laws of 1923, that the Erie Insurance Company, of Erie, PA, is duly authorized to become and be accepted as sole surety on all bonds, undertakings and 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 official seal, the day and year first above written. Insurance Commissioner PROPERTY AND CASUALTY COMPANIES- ASSOCIATION EDITION · 0 0 0 0 2 0 2 S 3 2 0 0 0 2 0 I 0 0 1 0 0 ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2000 OF THE CONDITION AND AFFAIRS OF THE ERIE INSURANCE COMPANY NAIC Group Code 213 213 NAIC Company Code ~,6263 (Currant P~'iod) (Prior Pmod) Organized under the Laws of the State of PENNSYLVANIA Incorporated September 11, 1972 Statutory Home Office 100 Erie Insurance Place (Strut and Numhnr) Main Administrative Office 100 Erie Insurance Place (stm.n and Number) Mail Address 100 Erie Insurance Place (str~ ~ Numbs) Employer's ID Number ,using as the port of entry Commenced Business Erie. PA 16530 (City or Town, State and Zip Code) Ede, PA 16530 814-870-2000 (City or Town, State and Zip Coda) (Ama Code) (TeDphonc Number) Erie. PA 16530 (City or Town, State and Zip Cod~) 25-1232960 January 1. 1973 Primary Location of Books and Records 100 Erie Insurance piace Erie. PA 16530 814-870-2000 (8tre~ and Number) (City or Tows, Sta~ and Zip Code) (3xea Code) (Tel~hone Number) Annual Statement Contact GreRorv John Gutting 814-870-2000 x2785 (Name) (area Code) Crelepao~ Number) (Extmsio.) gregorv.m~tting (a-),orieinsurance. corn 814-8704.040 (E-Mail Addr~s) (Area Code) (Telephone Number) OFFICERS Chninnan ofthn Board: S~nior Executive Vice Secrmary & Om~ral Court.ti: Exocutivo Vim Pr~idant: Frank William Hirt Jan Reid Van Oord~r J~ffr~-y Alan Ludvof Pr~id~t & Chid'Ex~utive Officer: Executive Vice Pr~idmt & Chief Finamial Officer: S~nior Vice P~sidmt, Treasurer & Chief Inv~nmnt Offi~'~: Stephen Allen Mithg Philip Alan Garcia Douglas Frank Ziegl~ SENIOR VICE PRESIDENTS Eugene Chnrl~s Cormel! Thomas Brian Morgan# Barry Paul Stil~ Michael Jo~'ph Ya~h~ Timothy C,~ard Michael Stvohm Zavasky Ooorge Raymond Jam~ Raymon Roehm David Brian Miller John Herce Sommerw~rek# REGIONAL VICE PRESIDENTS Douglas N~mnan Fitzg~'ald Terry Lynn Hamnmo Eric Douglas Root# VICE PRESIDENTS James Michael Catlucci John patrick D~an Richard S~at Hulm Charle~ Thomas Long,da Donald Edward Mm:zulski Robot Lawrer~ Oliver Palrick William Safaltom Carol Sue Weirich Rormla ~ Chamberlain Rrna Clark Foatic~lla Robml Thomas Jueh~ Timothy C-marS Maher Alice Rulh Moomy Charles Hartman Pag~ Jr. David Camera Tulino Richard John Wimlavnki Louis Felix Colaizzo Richard Jamea Hinman John David Keys T~vy Lee IVlcConn~ll Robe~ Fredtick Morgan, Jr. Dennis Gale Conley Samoa Gerald Ha'vat Raymond Edward Le*'ds Karen Jean McEne~' Jerrold Vaughn Muq~hy Vine. grit l~nnia Rapp Ro~ali~ Ann Walach DIRECTORS OR TRUSTEES Samuel Patton Black, II1 Frank William Hirt Hm~o, Nalfum Naasau# John Ralph Bornanatt Samuel Point Katz# John Martin peter~n State of Pennsylvania / SS County of Erie / P~ricia Gar~orbin# Claude Clifford Lilly, Ili# Jan Reid Van Gordm' Suaan Hin Hagen# Stephen Allma Miln~ Roberl Chnrlea Withum The officers of this ~mpany, b~/ng duly sworn, each deposes and says that they are fl~e above de~fibed oflleers of the said insurer, and that on the thirty.tim day of December last, all of the h~rein deacribed as~.s were tho absolute property of the said imurer, fi'~ and clear from any lie~ or claims thereon, except as herein stated, and that fltis annual natemeat togeth~ with related exhibits, ~chedul~ and explanations therein ~ontathed, armoxed or .rof~ .m~d. to ar~ a full and tr~e statawent of all the aa~zls and liabilifie~ and o~the c~oditlom and affalr~ of~hn ~aid insurer as of the ~y-fir~ day ~f l~c .~nnb~r last, and of. da mcom~ and d~ducttor~ thzrdrom for the year ~nded on ~at ~ and have b~n ~mpl~d in ~e with the NA/C annual ~atmm~ mnmcuom; and accounting praca~a and proc~ure~ manuals e~cept to the ex'tent tha~: (I) ~at~ law ma)' ~iffer; or, (2) that hate ral~ or regulalions require dilTerencgs in reporting not related to accounting practices and procedures, according to the b~t of their thformati~ knowledge and bollaf, r~o~ctively. J~n R~id Van C~'d~', $~ior Er~-~tive Vi~ Philip ~n O~i~ Ex~utiv~ Vi~ P~sident, Se~etary & Gm~ral Coun~l Pr~id~nt & CFO Subscribed and aworn to hcfbr~ me this 22nd ~ay 9f~Februa~, 2001 NOTARY SEAL KATHLEEN A. EWING, NOTARY PUBLIC ERIE. ERIE COUNT'~ PENNSYLVANIA MY COMMISSION EXPIRES JULY 12, 2004 (a) ls this an original filing? ygs (X) No ( ) (b) If no: (i) stal~ the amendment number (ii) date filed (iii) numl~r of pages attached ^~.~a;~.~0.~.,~,~o~ Erie Insurance Company UNDERWEITING AND INVESTMENT EXHIBIT PART 2B - PREMIUMS WRITTEN 1 ~ ~ 4 a b i a b Net Premiums L~ of B~Ss (a) F~ Affi~s From 1. Fire ............................................................................................................... 110,631 ................ 463,916 .............................................. 110,631 .............................................. 483,916 3. F~ m~ ~ ............................................................................................................ 23,5~ ............................................................................................................ ~,568 9. I~ ~ .......... , ................ ~5,B33 ................ 582,724 .............................................. 305,~3 .............................................. 582,72~ 10. F~g~ ...................................................................................................................................................................................................................................................... 0 11.1 ~.~ ................................................................................................................................................................................................................................ 0 12. Ee~ke .................................................................................................................................... 13. ~a~ ........................................................................................................................................................................................................................................... 0 14. C~ ~(g~) ................................................................................................................................................ ' .......................................................... 0 17.2 ~l~- ~ ......................................................... "- ............ 1,414,~5 .................. 15,~ ............................ 1,414,4~ ................................................ 15,924 21. A~ ph~ ~e ............................................................................. 91,633,635 ........... ~,4S5,4~ ................. 22. N~ (~ ~) ....................................................................................................... ..5~,951 24. S~ ............................ ~ ........................................................................... ~,1~,827 ................ 170,740 ........................................... 3,1~,827 .............................................. 170,T~ ~4~2 26. ~ ~ ~[ ......................................................................................... . ...... 28. C~[ ............................................................................................................. ..,.....0 ~. I~ema~ ............................................................................................................... . ............ 1 ,~,~ ............. 5,101,28~ , 4~ · ' ~ ~d L~ ................................................................ ~, R~~ .............................................................................................. DETA~S ~ ~101 .................................................. .................................................... , ......................... ~102 ...................................................................................................... , .......................... ~10~ ...................................................................................................... 31gg, · ' ~ y~: (1) T~ ~unt of s~ ~t ~ ~ ............... 0, . . (2) ~nt at ~ su~ ~ ~ ~ ~ ~ m~ had ~y 9 Erie Insurance Company ASSETS Schedule D, Part 1) ........................................................................................................... 192,677,516 ............................................... 4D0,992 2. Stock; 2.1 Prefen*c~ stocks (Schedule D, Par[ 2, Sectidn 1) ............................................................ 24,373,995 ................................................ 579,085 ............ 23,794,910 ............ 19,0g0,790 2.2 Common stocWs (Schedule D, Par~ 2, Section 2) ................................................................ 8,353,163 .............. 3,954,086 ............................... 12 307 249 , .11 599,409 3. blo~jage loans on rea) es~te (Schedule Bt: 3.1 Ftmtliens ........................................................................................................................................................................................................................................ 0 ............................... 3.2 Other than fi~t liens ....................................................................................................................................................................................................................... .0 ............................... 4. Rea estate (Schedule At: 4.1 Prope~ea occupied by tha company (tess $.,........0 encumbrances) ............................................................................................................................................................................................................................... 0 I ............................... 4.2 Other propa~es (,~ $..........0 e~umbrancea) ............................................................................................................................................................................ 0 ............................... 5, Cash ($.,...(141,98g) $c. hedule E, Par~ 1) aed shat-tsrrn investments ($.....2,232,465 Schedule DA, Part 1) ............................................................................................ 2,090,476 ............................................................................ 2,090,476 .............. 3,897,157 6. Other invested assets (Schedule I)A) ....................................................................................................................................................................................................... 0 ............................... 7. Receivable for securities .................................................................................................................. 121,367 ............................................................................... 121,367 ................... 31,159 8. Aggregate w~te-ins for invested assets ....................................................................................................... 0 ............................ 0 ............................ 0 ........................... ,0 ............................ 0 9. $ubtota!s, cash and invested assets (Lines I to 8) ................................................................... 227,616,517 .............. 3,954,0~6 ................. 980,077 .......... 230,590,526 .......... 217,143,767 1.0. Agents' he]an(:es or unto)lee(ed premiums (net as to ~ions and dividends): 10.1 pramiums aed agants' ba)ances in coume of co~ (afier deducting ceded rairmuranoc balances payable of $,...2,892,952) ....................................... S31,729 ................................................ t57,739 ................. 673,990 .................. {54,845) 10.2 Premiums, sgents' baancea and )rlsta~ments boeked but dofen'ed and not yet due (a~ar ~uct)ng ceded minsur~mce baeacea payabte of $....18,850,651) ()nc~ud~ $.,..,.....0 earned but unblaed premiums) ............................. 5,622,104 ............................................................................ $,822,104 ................. 783,055 10.3 Acc,'ued ratmsp~:~ve pramiurrm {alter d~uc~ng reded reimumnce batan~ea payab)e of $.......,.0) ....................................................................................................................................................................................................... 0 ............................... 11. F ueds h,~td by ~,- depesited with ra'msumd ocmpan)es ..................................................................... 689,438 ............................................................................... 689,438 ................. 857,162 12. Bills ra~eivabte, texan for preraiurns ........................................................................................................................................................................................................ .0 ............................... 13. Re~.suranoc reocverables en loss a~nd loss adjustmeat axpa~rtse pa~nents (Sd~ F, Pat 3, C~s. 2 eed 3) ....................................................................................... 522 ...................................................................................... 522 ................... 32,552 14. Federal income tex raocvembte aed interest thenean ...................................................................... 158,680 ............................................................................... 158,680 ................. 561,512 14A. GuarantyfundsraceivabieorcaUepocit .................................................................................................................................................................................................. 0 ............................... 15. Eleatronic date proue~sing equipmenl ...................................................................................................................................................................................................... 0 ............................... 16. Interest, dividenda and raal estate income due aed eac~',md ....................................................................................... 3,009,1~1 ............................................. 3,009,181 .............. 2,639,193 17. Receivable from parant, eapaidiaeds and a ffl~es ................................................................................................................................................................................. 0 ............................... 18. Equilts~ aed dedosits in P(mls and asseaa~rm .................................................................................. 5,175 ................................................................................... 5,175 ..................... 5,176 lg. Amounts raceivabte relaUng to uninsurad acuidea~ and heath plans ...................................................................................................................................................... .0 ............................... 20. Other easets nonedmilted (Exhibit 1) ....................................................................................................................................................................................................... 0 ............................... 21. Aggregate write4ns for ob~er than invested assets ............................................................................. 52,266 ............................ 0 .....................9,261 .........43,007 .................. 46,687 DETAILS OF WRll'E4N$ 0801 ................................................................................................................................................................................................................................................................... 0 ............................. 0802 ................................................................................................................................................................................................................................................................ 0 0898. Summary Of ,'erna)ning write,ns for Line 8 from overflow page ................................................................... ~899, Totets (Lines 0801 t~ru 0803 plus 0898) (Line 8 above) ............................................................................. 0 ............................ 2101. Other Accounts Reaeiveble ................................................................................................................ 43,007 ................................................................................. 43,007 ................... 45,687 2102. Virg)nia Premium Tax Credit ................................................................................................................ 9,261 .................................................... 9.261 ............................. 0 ............................ 2103 .............................................................................................................................................................................................................................. '~ .......ii. .................. 0 .............................. 2198. Summary of remaining write-ins for Line 21 from ovenlow page ................................................................. 0 ............................ 0 ............................ 0 ............................ 0 ............................ 0 2199. Toats (Lines 2101 thru 2103 p~us 2196) (Line 21 above) .................................................................. 52,268 ............................ 0 .................... .9.261 .................. .43,007 ................ 46,667 2 Erie Insurance Company LIABILITIES, SURPLUS AND OTHER FUNDS lA Rei.sura~e payab e on ~i~ )ms and oss adjus men expenses ~Schedu e F 2 tf~ent ~mm~ an o~r sfmi~ar c~es ...................................................................................................................................................... 25,000 ......... 60000 3 4 ~r ex.rises {~cl~i~ ~, ii~ns~ and f~s) ................................................................................................................................................................ 17,745 .............................. 9,115 6, Fedemt and roman in~e ~es {~du~iq defend ~) .......................................................................................................................................................................................................... 7. Bo~ ~y 8. Iflte~t, f~ $ ........... 0 on ~ mon~ ..................................................... : ....................................................................................................................................................................... 10, D~iden~ ~a~ a~ unpaid: 11, Fu~s ~d by ~pany u~er mi~um~ ~a~ (S~e F, Pa~ 3~ Column 14) .................................................................................................................................................................... 12, Amoun~ ~th~d ~ mtai~ ~ ~pany ~r ~u~ of othe~ ...................... ; ........................................................................................................................ 102,7~7 ............................ ~,140 Pm~ f~ ~ (S~e F, Pa~ 7) ................................................................................................................................................................................................................................. 20, Lia~r~ ~r a~ ~d u~r un~u~ ~ent ~ ~ ~a~ ............................................................................................................................................................................................. 2T. Su~ ~ ~a~s ~h~m (U~ 24 ~ ~C,I~ ~D) (~e 4, Li~ 32) .................................................................................................................. 62,51~,I~ ..................... 74,978,~2 28. TOT~S (P~e 2, ~e 22, ~. 4) ....................................................................................................................................................................................... 240~2,623 ................... 2~214,~9 DET~ OF 2203 2~9. To~s(L~2~l~2~3~)(L~e~e~) ......................................................................................................................................................... 7~,368 ..................................... 0 2401 2402 2~03 24~. T~s (Li~ 2~01 ~ 2403 d~ 24~) I~ ~ ~) ..................................................................................................................................................................... 25~1 25C03 ~5~. T~s (~ 25C01 ~ 25C03 d~ 25C98) [~i~ 25C a~) ...................................................................................................................... ..................................... 3 /..!nua~Sla~ementtorII3eye~12DOOoflhe Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT STATEMENT OF INCOME I Curren~ Year Pnor Year UNDERWRITING INCOME ~ I ~ Premiumseamed(Pa~2, Line32, Co,umn4) .......................................................................................... [ ........... 113,1~7,429~, ............... 107,059,638 ~ Deductions .................... 70,609,g12 2 Losses incu~d (Pa~ 3, Line 32, Column 7) .......................................................................................................................................................................... 79,767,~2 ...................... 9,278,730 3, L~ ~es incu~ (Pa~ 4, Line 22, Colum~ 1) ............................................................................................................................................................ 10,~6,563 4 ~her ~de~ ~es ~d (PaA 4, Li~ 22, Column 2) ....................................................................................................................................... 31,991 29,777,387 5. Aggr~ale w~ns for unde~i~ d~o~ .................................................................................................................................................................................... 0 .................................... 0 6. TO~I un~e~ti~ de~mm (Li~s 2 ~mugh 5) ............................................................................................................................................................... 1~,705,~ .................. 7. Net unde~ gain or (J~) (Line 1 min~ Li~ 6) .............................................................................................................................................................. {9,517,9~) ..................... (2,6~,391) iNVESTMENT INCOME 8. Net in~s~nt in~e ea~ (Pa~ 1, Li~ 14) .................................................................................................................................................................... 15,748,823 .................... 14,424,255 9. Net r~l~ ~pi~ gai~ or (l~es) (Pa~ lA, Li~ 10) ............................................................................................................................................................. 480,4~ ......................... 253,342 9A. Net inv~ent gain or (1~) (Li~ 8 * 9) ........................................................................................................................................................................... 16,~,223 .................... 14,677,397 OTHER INCOME 10. Net gain or (1~) ~m ~en~' or premium ~lanc~ ~ed off (amount m~vemd $.,...1,038,031 ~unl ~a~ off $,...,1,289,752) ........................................................................... ~ .............................................................................................................. (251,721) ........................ (215,253) 13. Toal ~r ~ {L~ 10~m~h 12) .................................................................................................................................................................................. (2~,740) ........................ (119,287) 14~. Net in~, after db~ to ~i~hade~ b~ ~m ~demJ and ~m~n i~ ~ (Line 14 min~ Uno 14A} ............................................................ 5,653,749 .................... 11,369,935 16. Net i~ (Li~ 148 min~ Line 15) (to Uno 18) ................................................................................................................................................................... 4,210,537 ...................... 8,176,~23 CAPITAL AND SURPLUS ACCOUNT 17. Su~us ~ ~a~ ~hoMem, ~r 31 p~r ~r (P~e 4, Line 32, C~n 2) ..................................................................................................... 74,978,953 .................... ~INS AND (LOSSES) IN SURPLUS 18. Ne/in~ (~ Li~ f6} ....................................................................................................................................................................................................... 4,210,537 ...................... 8,176,823 20. C~e in non~ ~ (~hib~ 1, Li~ 6, ~ 3) .............................................................................................................................................................. 45 .......................... {51,305) 21. C~e ~ pmV~ ~r mi~u~ (Page 3, Li~ 14, ~n 2 min~ ~n 1) ........................................................................................................................................................................ 22. C~e in ~n ~e adjoin[ ......................................................................................................................................................................................................................................... 23A. C~e in su~ ~t~ a. Paid in (~hibit 2, L~ 6, Cd~n 1) ........................................................................................................................................................................................................................................... b. Tm~ ~ su~ (St~k D~id~d) ................................................................................................................................................................................................................................. b. Tm~fe~ ~ ~p~ {S~ D~) ....................................................................................................................................................................................................................................... 27. Di~dends ~ s~dem (~h) ..................................................................................................................................................................................................................................................... 28. C~e in ~u~ ~k (P~e 3, Li~ 26D (1) and (2), C~umn 2 min~ C~n 1) .................................................................................................................................................................... 29. E~ina~ am~n~ of ~ f~ p~r yea~ ......................................................................................................................................................................................... ~ ....................................... 31. C~e in su~ ~ ~s ~li~dem ~r ~ year (Li~ 18 ~m~h ~) ..................................................................................................................... 7,537,193 ...................... 6,932,469 32, Su~ ~ ~a~ ~l~e~, ~m~r 31 ~nt year (Li~ 17 ~ Li~ 31} (P~e 3, Line 27) ............................................................................... ~,516,1~ .................... 74,978,953 DETAILS OF 0501 0502 0503 0598, S~ma~ of m~ini~ ~ ~r Li~ 5 from ove~ ~e ............................................................................................................................................................ 0 .................................... 0 0599. To~s ~Li~s 0501 ~ ~03 ~ 0598} (Li~ 5 a~ve) ........................................................................................................................................................................ 0 .................................... 1202 1203 3001 ~3oo~ 3003 ~3098 Summa~ of ~maini~ w~te-i~ ~r Line 30 ~m o~ ~e ........................................................................................................................................................... 0 .................................... 0 ~3099. To~ts(Li~s3~1 ~m3~3 ~us 3098)(Line 30 a~ve) ...................................................................................................................................................................... 0 ..................................... 0 4 Erie Insurance Company , CASH FLOW PnorYear CASH FROM OPERATIONS I Pramiumscoitsctednetofreinsuranco 110,630,798 ............... 104,352,118 2. Loss and loss adjes~ent exper~es paid (net of salvage and subrogation) ................................................................................................................ 83,819,154 ....................... 76,505,069 3, Unde~dttsg expenses paid .............................................................................................................................................................................................. 32,156,913 ........................ 30,032,306 4. Other undeN~rittsg income (expenses) ........................................................................................................................................................................................................................................... 5 Cash from underw~ti~ (Line 1 mines Line 2 mines Line 3 plus Li~ 4) ............................................................................................................................ (5,330,209} ......................... (2,186,057 6. Net tsvestment income ...................................................................................................................................................................................................... 15,465,634 ........................ 14,139,837 7. Other income (expenses): 7.1 Agents' balannes charged o~ ...................................................................................................................................................................................... (251,721} ............................ (215,253) 7.2 Net/unda he~d under miesumc, ce tmetias ................................................................................................................................................................... 167,754 ............................. ;,..7,935 7.3 Net amount withheld or mtetsed for acoc~nt of othen ................................................................................................................................................... 22,647 ............................... 31,423 7.4 Agg regete ~,~"~te-ine fo~r misoe~laneoes items .................................................................................................................................................................. 44,981 ............................... 96,126 7.5 Tofal other irksome (Lines 7.1 to 7,4) ............................................................................................................................................................................ (16,330) .............................. (79,769) 8. Div'~ends to policyhoMem on direct bestsess, teas $....,4,01§,257 c~ividends on ralesursone assumed or ceded (net) ........................................................ 509,403 ............................. 576,429 9. Fedend a~ foreign income texas (paid) recovered ........................................................................................................................................................... (1,040,380} ......................... (2,203,506) 10, Net cash from operetioes (Line 5 pies L.~e 6 pies Line 7,5 mines Line 8 pies Line 0) ........................................................................................................ 8,560,243 .......................... 9,004,076 CASH FROM INVESTMENTS 11. Procasds fi~m im'astments sold, metured or repeEl: 11.1 Bonds ....................................................................................................................................................................................................................... 33,138,163 ........................ 25,920,514 11.2 Sto~ ....................................................................................................................................... ~ ................................................................................ 1,962,267 ......................... .9,9~5,916 11.3 Manage teens 11,4 Real eetato 11,50t~et ir,~eeted ssne{s ........................................................................................................................................................................................................................................................... 11.6 Net gaico or (toesas) on cash and short-ten'n tsvas~ents ................................................................................................................................................................................................... 11.7 Misoallaneo,,~ pfasasds ................................................................................................................................................................................................... 3,414 ............................... 24,747 11.8 Tntal iawel~ent pmneeds (Lines 11.1 to 11,7) ....................................................................................................................................................... 35,103,844 ........................ 35,941,177 12. Cnelof tsvasl~ents acquired (~ng-term oely): 12.1 Bonds ....................................................................................................................................................................................................................... 42,801,753 ........................ 36202,255 12.2 Stocks ........................................................................................................................................................................................................................ 5,293,695 .......................... 6,7?3,200 12.3 Manage Ioaes 12.4 Real estate 12.50~her ts,,~'ted assets ............................................................................................................................................................................................................................................................ 12,6 Miscelteneoes appli~alione .............................................................................................................................................................. : ..................................................................................... 12.7 Toed tsvaslments acquired (Lines 12.1 to 12.6) .................................................................................................................................................... .48,'t~5,448 ....................... .45,475,455 13. Net cash from tsvas~ents (Ltse 11.8 mts~ Line 12.7) ................................................................................................................................................... (13,081,604) ......................... (9,534,278) CASH FROM FINANCING AND MISCELLANEOUS SOURCES 14, Cash provided: 14.1 Surples netas, copitel end su~rples peld ts ............................................................................................................................................................................................................................. 14.2 Capitel nofne ($ .......... 0) lass am~m~ n~paid ($..........0) ...................................................................................................................................................................................................... 14.3 Net ~esfom from tef~ietas ........................................................................................................................................................................................ 2,091,839 .......................... 4,1'91,752 14.4 Bom~,,ned ~unds repeiYed ....................................................................................................................................................................................................................................................... 14.5 Other cesh p~,'tded ..................................................................................................................................................................................................... 713,048 ........................................... 14.6 Total (Lines 14.1 to 14.5) ........................................................................................................................................................................................... 2,804,~,7 ......................... .4,191,752 15. 15,1 I)ividende to ~dem paid .............................................................................................................................................................................................................................................. 15.2 Net trar~le~ to affliatas ........................................................................................................................................................................................................................................................ 15.3 BO~ funds redaid ........................................................................................................................................................................................................................................................... 15.4 Other app~icatious ........................................................................................................................................................................................................... 90,207 ............................... 45,364 15.5 Total (L~es 15.1 fo 15.4) ................................................................................................................................................................. --., ............................ .90,207 .............................. .45,364 16, Net cash fm~ §nanci~g and misoellsoeoes sources (Line 14.6 mines Line 15,5) .................................................................................... . .......................... 2,714,880 .......................... 4,146,388 RECONCILIATION OF CASH AND SHORT.TERM INVESTMENTS 17. Net che~e ts cash and shod-term investments (Line 10 '18. Cash and short*te~m 18.1 Begtsntsg of yasr, ...................................................................................................................................................................................................... 3,807,157 ............................. 280,971 18.2 Bad of yasr (Line 17 pies Line 18.1) ...................................................................................................................................................................... 2,090,470 .......................... 3,897,157 DETAILS OF WR~E-IN$ 7.401 Miscallaneous Income ............................................................................................................................................................................................................. 44,981 -~ .......................................... 7.402 Ftsanco & Seryjco Chsrgas ................................................................................................................................................................................................................................................ 96,1;~6 7.,o3 ........................................................................................................................................................................................................................................................... 7,408 Summe~ of mmalni~ ~r~ for Li~ 7.4 from o~o~ I~e .............................................................................................................................................................................................. / 7.4~ Total (Lines 7.~01 to 7.40~ ~es 7,4~8} (line 7.4 a~o~) ........................................................................................................................................................ ~4,~1 ............................... ~,12~ Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1 - INTEREST, DIVIDENDS AND REAL ESTATE INCOME 2 ; 3 1. U.S. government ~ncia ........................................... 1~1 Bonds exempt from U.S. tax .................................... 1.2 Other ~onds (unaffiliated) ........................................ 1.3 Bonds of affiliates ................................................... 2 1 Pretermd stocks (un~ieted) .................................. 2.11 Preferred stesks ot af~iates .................................... 2.2 Common stock (unaffiteted) .................................... 2.21 Common stock of affiliatos ....................................... 3. Ivlortgage toans ........................................................ 4. Rent es~e ............................................................... 5.1 Cash on hand and ~ depeait~ ................................. D A E 5.2 Shart-torm investments ............................................ DA (e) 6. Other invested assets .............................................. SA Paid In Advance i Due And Accrued (h) 5 Earned 4 5 . 6 I 7 Dufi~ Year [ Year ] Year Year 3 + 5 * 6 - 4 - 7) D(a) ................. 551166 .......................................................... ) ........ 40,924 ~ ..........141,46t ................. 551,23, D (a) .............. 2,79 ,432 ............................................................................... 466,732 ................. 624,0~ ) .............. 2,6~,~ D(a) .............. 9,901,113 ............................................................................ 2,265,721 .............. 1,989,471 ............ 10,177,3~ D ................... 95,5~ ............................................................................................................................................... 95,~ ....................................................................................................................................................................................... 0 ....................................................................................................................................................................................... 0 ....................................................................................................................................................................................... 0 ................. 287,821 ............................................................................................................................................. 267,8~ ....................................................................................................................................................................................... 0 ?. Derivativeinetrumenls ............................................. D~,DC (f) ...................................................................................................................................................................................... .0 8. Aggregate wrtte-ina for investment income ............................... 364,731 ............................ 0 ............................ 0 ............................ 0 ............................ 0 ................. 364,731 g. TOTALS ................................................................... (g)........15,~83,563 ............................ 0 .. ........................... 0 .............. 3,009,181 .............. 2,839,103 (g)....,,..15,853,~51 DEDUCTIONS 10. TotaJ investment expenses incurred (Part 4, Line 22, Column 3) ........................................................................................................................................................ 104,728 1OA. Interest expanse ................................................................................................................................................................................................................. i(D ............................ 11, Depreciatian on rea/estete (for esmpaniaa which depreciate annuatl¥ on a fon'nuJa hasis) ............................................................................................................................. 12. Aggragete write-ina fer deducSons from inveslneet income ...................................................................................................... 0 13. Teta/deductions (Unes 10 to 12) ........................................................................................................................................................................................................................................... 104,728 14. Net investment income earned (Line g minm Une 13) (to Page 4, Line 8) ...................................................................................................................................................................... 15,748,823 DETAILS OF WRITE-iNS 0801. MisceJJaneous Interest ............................................. I ................. 364,731 ............................................................................................................................................. 364,731 0~02 ......................................................................................................................................................................................................................................................................... 0803 .......................................................................................................................................................................................................... 0 0808, Summary of remaintng w/fte-/ns for Line 8 from ore,ow page ............................ 0 ............................ 0 ............................ 0899. Teta/e (Lines 0801 tr~u 0803 plus 0888} CPart 1, Line 8) ............................. 364,731 ............................ 0 ............................ 0 ............................ 0 ............................ D ................. 364,731 DEDUCTIONS 1201 ......................................................................................... ~ ................................................................................................................................................................................ 1202 1203 1298, Summary of temaintng write-ins for IJna 12 horn ovenlow pege .................................................................................................................................................................... 0 1299, Totals (Lines 1201 li~m 1203 plus 1298) (Part 1, Une 12) .............................................................................................................................................................................. (a) Includes $...,205,888 acomal of diseaunt leas $..,..92,542 amo~zafion of pron~um, (f) todudes $ ............... 0 acc~ of discount leas $ ............... 0 emo.~zation of Femium. (b) Inc~udex $ ............... 0 acomaJ of d~count less $ ............... 0 an~ of premium. (g) Includus eseat ffa~fers v/~h put opUom accounted for as fiean~fog (c) tocl~ea $ ............... 0 acc~ of disesunl less $ ............... 0 amortiz~ of premium, ana.~emonts: $ ............... 0 Column 3, $ ............... 0 Column 8. (d) Inoludes $ ............... 0 for company's occupancy of its own buildings. {h) Adnf~:ed ~ o~¥. State basis of exclusions. (e) Indudea $.....12,648 accrual of discount less $ ............... 0 emort~ation of premium. {i) IncJudes $ ............... 0 interest on eurplus notes and $ ............... 0 interest on capital notes. PART lA - CAPITAL GAINS AND (LOSSES) ON INVESTMENTS 2 3 4 5 6 7 Net Gain or (L~S) from Change Total Increases b~ Decm~ea by in ETnl~'e r, ce (Net of C~s. Pm~ on Sales Loss on Sa~es Adjustment in Adjustmont ~n ~etwe~ ~ 2 to 6 ind.) or Metud~ or Motur~ I~k Value I~x~ Va~ue a~d ~ Valuss (2-3','-4-5+6) 1. U.S. government bomla .................................................................. I'. ........................................................... I ........................................................................................................................ 1.1 Sonds exempt from U.S. tax ........................................................................... 530,837 ......................... 18 ............................................................................................................. 530,819 1.2 OUler boeds (una~iated) ................................................................................. 75,903 ................ 123,432 ................................................................................... 1,046 ................. (46,482) 1.3 ~onds of afflliatea ................................................................................................................................................................................................................................................................ 0 2.1 Pi*~4~'ed stoc~ (unaffiliat~i) ........................................................................................................... 3,033 ............................................................................... 775,725 ................ 772,692 2.11 Pre~ffed etocks of afflietes ................................................................................................................................................................................................................................................ 0 2.2 Common stock (uneffiFmted) ....................................................................................................................................................................................................... 54,000 .................. 2.21 Common etock of affiliates ......................................................................................................................................................................................................... 853,840 ................ 653,840 3. Mortgageloans ................................................................................................................................................................................................................................................................... 0 4. R~ esate ................................................................................................................................................................................ (a) ..................................................................................... .0 5.1 Cash on hand and on deposit. ........................................................................................................................................................................................................................................... 5.2 Stmrt.*term iovestments ....................................................................................................................................................................................................................................................... 6. O~har inveet~W easels ......................................................................................................................................................................................................................................................... 0 7. Derivative nstremenls .......................................................... 8. Aggregate w~te-ina for capital gains a~ (tosses) ................................................. 142 ........................... 0 ........................... 0 ........................... 0 .............................. 0 ....................... 142 g. TOTALS ...................................................................................................... 606,883 ................ 126 4B3 ............ 0 ..... 0 .... 1484,611 ............. 1,965,011 (Distribution of Line 9, Co[. 7) I0. Net realized napitel gains or (losses) (Page 4, Line 9) (COL 2- 3, Line g) ............................................................................................................................................................................ 480,400 11. Net unmntJzed ca,hal gains or (tosses) (Page 4, Line 19) (CoL 4 - 5 .~ 6, Line 9) ............................................................................................................................................................. 1,484,611 DETAILS OF WRITE-INS [0801. ~,e~us ........................................... : ..................................... ] ....................... "2 I ................................................................................................................................................. 142 I o8o2 ............................................................................................................................................................................................................................................................................................ o 108o3 ............................................................................................................................................................................................................................................................................................. o 108~8. Summa~/of mrneinin~ v~qns tot Line 8 fi'om o~n~o~ i~o ................................. 0 ........................... 0 ........................... 0 ........................... 0 .............................. 0 ........................... 0 }08gg. To~$ {Lines 0801 ~ru0803~lus~8){Part~A,[n~8) .... / ...... 1421 ....... 01 ....... 0 ......... 0 ........ 0 · . 142 (a) E. xc~uding $ ............... D depresialion on real eslate included in Part I, Line 11. 6 A~,u.s,.~,..=~.,~o,~. Erie insurance Company UNDERWRITINO AND INVESTMENT EXHIBIT PART 2 - PREMIUMS EARNED 1 2 3 4 ! Unearned Premiums Unusmed Premiums I Net I December 31 Decemper 31 premiums Premiums ! Pr~or Year- Current Year- Earned Wdtten per [ per Col. 3 Last per Co~. 5 During Year Line of Business Column 4~ Part 2B Years Part 2 Part 2A (Cols. 1 + 2 ~ 31 1. Fire ................................................................................................................................... 483,916 .............................. 186,364 ............................. 186,444 .............................. 483,836 2. Aitlsd ~ines ......................................................................................................................... 168,717 ................................ 61,540 ................................ 62,987 .............................. 167,270 3. Fare',owners multiple pedl ................................................................................................... 23,568 .................................. 4,207 .................................. 3,875 ................................ 23,899 4. Hemeownem muitJpla peril ........................................................................................... 17,942,989 ........................... 8,894,108 ........................... 7,183,556 ......................... 17,353,521 5. Commercial mu;tiple pen] ............................................................................................ 10,038,135 ........................... 3,144,548 .......................... 3,829,439 ........................... 9,550,242 6. Mortgage guarani7 ........................................................................................................................................................................................................................................................... 0 8. Ousan madne ........................................................................................................................... (20) ..................................... 215 ......................................... 4 ..................................... 191 9. Inland ma~ine .................................................................................................................... 582,724 .............................. 193,750 .............................. 212,493 .............................. 563,981 10. Financia 9~aranty ........................................................................................................................................................................................................................................................... 0 11.1 Medical mel;)racfice - occurranne ........................................................................................................................................ 576 .................................... (130) ..................................... 706 11,2 Medical rnelprac~;e, dab,s-made .................................................................................................................................................................................................................................. 0 12. Ea~lhquake ....................................................... ; .................................................................... 7,838 ..................................... 308 ..................................... 126 .................................. 8,021 13. Group anc~dent and health .............................................................................................................................................................................................................................................. 0 14. Credit an~dant and health (group and individual) ............................................................................................................................................................................................................ 0 15. Other accident and heath ................................................................................................................................................................................................................................................ 0 16. Wo~ers' ;ompaneation .................................................................................................. 8,065,112 ........................... 2,354,255 ........................... 2,9~9,981 ........................... 7,509,386 17.1 Olher liabiitty, necurrance ............................................................................................. 1,833,098 .............................. 572,648 .............................. 566,697 ........................... 1,639,045 17.2 Other itabitSy - dakns-made ............................................................................................... 15,924 .................................. 8,510 .................................. 6,601 ................................ 17,742 18.1 Products liabaity - occurrence ............................................................................................. 68,189 ................................ 23,231 ................................ 23,796 ................................ 67,624 18.2 Products lability - claims-made ....................................................................................................................................................................................................................................... 0 19.1, 19.2 Private pan~engerautol[abWi~ .................................................................................... 35,964,836 ......................... 14,558,259 ......................... 14,598,204 ......................... 35,924,891 19.3, 19.4 Commemi~ autoliabit~ ................................................................................................ 6,188,717 ........................... 2,074,272 ........................... 2,324,080 ........................... 5,938,909 21. Auto physical damage .................................................................................................. 29,485,496 ......................... 10,823,041 ......................... 11,778,898 ......................... 28,529,838 22. AJ~raff (all perils) .................................................................................................................................................................... (4) .................................................................................... (4) 23. Fidelity ................................................................................................................................. 28,185 ................................ 13,522 ................................ 14,077 ................................ 27,631 24. Surety .............. .. ................................................................................................................ 170,740 ................................ 77,668 ................................ 98,591 .............................. 151,818 26. Bu~gla~ and their ................................................................................................................. .4,506 ..................................... 544 ..................................... 532 .................................. 4,519 27. Boiler and machine~7 .............................................................................................................. (297) ..................................... 385 ....................................... 56 ....................................... 32 28. Credit. ...................................................................................................................................... 315 ............................................................................................................................. 315 29. International ............................................................................................................................................................................ (1) ........................................ (1) ........................................ (0) 30A, Reinsurance-Nofllxop~ A~sumed Proper ty ......................................................... 5,101,281 .............................. 450,120 .............................. 547,775 ........................... 5,012,626 30B. Reinsurance. N onproporSonef Aeaa~ed Liabiitty ............................................................. 433,089 ................................ 16,848 .............................. 238,348 .............................. 211,589 30C. Reimumnne~Nonpmbontonel Assumed Financial Lines ................................................................................................................................................................................................. 0 31. Agg~agafo wfite-~s for o{her lines of bosfneas ............................................................................ 0 ......................................... 0 ......................................... 0 ......................................... 0 32. TOTALS ..................................................................................................................... 116,404,037 ......................... 41,167,gOg ......................... 44,384,517 ....................... 113,187,429 DETAILS OF WRITE.INS 3101 .......................................................................................................................................................................................................................................................................................... 0 3102 .......................................................................................................................................................................................................................................................................................... 0 3103 ......................................................................................................................................................................................................................................................................................... 0 3198. Seminary of remaining w~eqns for Line 31 from ovento~ pga ................................................. 0 ......................................... 0 ......................................... 0 ......................................... 0 3199. Tola~ (Lines 3101 ~hru 3103 plus 3198) (Line 31 above) ........................................................... 0 ................... ~ ..................... 0 ......................................... 0 I ......................................... 0 7 Erie Insurance Company UNDERWRITiNG AND INVESTMENT EXHIBIT PART 2A- RECAPITULATION OF ALL PREMIUMS 9. 11.1 17.2 18,2 22, 23. 24. 26. 27. 29. 30A. 30C. 32. 33. 34. vi; Amount (Jneamed (Running One Year or Less from Date of Policy) Line of Business Fim .................................................................................................................... 186.320 Ait~d lines .............................................................................................................. 62,960 Amoun: Unesmed {Running mom than One Year from Date of Poticy) Premiums Ad)uslments Based Premiums I100%} on Expedenee (Cols, 1 .*2 + 3 Farmowners multiple peri .............................................................. i .......................... 3,875 .................................. i .................................................................................................. 3, Homeowners multiple per~ ............................................................................... I 7,179,527 .......................... 4,028 i ................................... I ....................................................... 7,183, Inlam:i marne ....................................................................................................... 212,431 ............................... 62 .............................................................................................. 212,4 Financial guarani'/ .......................................................................................................................................................................................................................................................... M~l m,~p~e - ecc',menee .............................................................................. (1~) ........................................................................................................................................ (1~ Medical malpractice - daimsm'iade .................................................................................... I ............................................................................................................................................. Ea~q~ke .................................................................................................................. 126 ......................................................................................................................................... 12 Group accident and hea~th ......................................................................................................................................................................... Credit accider~ and he~ (group and ir~Vidua) .......................................................................................................................................................................................................... Other ac~dent and hearth .......................................................................................................................................................................... Workem' ~ompensabon .................................................................................... 2,g06,042 .......................... 3,939 ........................................................................................... 2,909,981 Other liab~ity, occurrence .................................................................................. 565,626 .......................... 1,071 .............................................................................................. 566,697 Ot~er liability, cla~s-mede ..................................................................................... 6,691 ...................................................................................................................................... 6,691 Producls liab~ - occurrence ................................................................................ 23,787 ................................. g ................................................................................................ 23,79~ Praduc~ liability - da!ms-made ...................................................................................................................................................................................................................................... 0 PAyee pa~r auto ita~ity ...................................................................... 14,59B,204 ................................................................................. '. ........................................... 14,598,204 Commemia~ aut~ liab~ity ................................................................................... 2,324,080 ............................................................................................................................... 2,324,080 Auto physic~ damage ..................................................................................... 11,775,S98 ............................................................................................................................. 11,T/8,895 Aircraft (all ~rls) ............................................................................................................................................................................................................................................................ 0 Fideli~ .................................................................................................................... t2,452 .......................... I ,S94 ................................................................................................ 14,077 Surer'/ ..................................................................................................................... 77,276 ........................ 19,314 ................................................................................................ 96,S91 Burgmry a~d thelt ........................................................................................................ 532 ......................................................................................................................................... 532 Bo~r ami ~ .................................................................................................... 56 ........................................................................................................................................... 56 Cradit ............................................................................................................................................................................................................................................................................. I~rr,~ ................................................................................................................... (t) ............................................................................................................................................ (1) Reinsurance4donFobor tional Assumed Prope~y ............................................... 547,775 .................................................................................................................................. 547,775 RemSl.~o~pmp~ Assumed Llabili~ ................................................. 238,348 .................................................................................................................................. 238,~8 Reineuranee-Non!mopotbonaJ Assumed Financial Lines ................................................................................................................................................................................................ A90mgate wflte-ine for ~ner itnas of boniness ............................................................... 0 ................................. 0 ................................. D ................................. 0 ................................ .0 TOTALS .......................................................................................................... 44,351,176 ........................ 33,341 ................................. 0 ................................. 0 ................. 44,384,517 Accrued retn~pecitve premiums based on experience ................................................................................................................................................................................................................. Balance (Line 32 plus Line 33) ................................................................................................................................................................................................................................... 44,384,517 DETAILS OF WRITE-INS 3101 ......................................................................................................................................................................................................................................................................................... 3102 ......................................................................................................................................................................................................................................................................................... 0 3103 ......................................................................................................................................................................................................................................................................................... 0 3198, Summary of rammning wn'te-ine for Line 31 from overlfow page ............................ 0 .................... 3190. TOTALS (Lines 3101 th~J 3103 plus 3195) (Line 31 above) .......................................... 0 ................................. 0 ................................. 0 ................................. 0 ................................. 0 (a) Bygr~sspremjumsismea~t~eag0regafo~fa~thepramiumswritteninthep~ciee~rrenewa~sinf~rce. Amfoeysoretumedinthisstafome~?Yes[X] No[ (b) State here basis of computation used in each case: ..................... M~onthl¥ PmRata (c) ~ne~i~g $ ............... .0 rose. ed lot Referred ma~ a, nd ofher ~m'~' benefifo. UNDERWRITING AND INVESTMENT EXHIBIT PART 2B - PREMIUMS WRITTEN ~ Reinsurance Assumed Reinsurance Ceded ~e of B~i~ (a) From A~liates -3a~b} 1. Fire ............................................................................................................... 110,631 ............... 483,916 .............................................. 110,631 .............................................. 463.916 4. Hombre mula~ ~ ........................................................................ 8,413,148 ........... 17,~2,~g .......................................... 8,413,148 ......................................... 17,~2,969 5. C~ m~pe ~ ......................................................................... 8,226,8~ ........... 10,035,135 I , ............................. ~ ............. 8,226,8~ ......................................... 10,035,135 8. ~n mad~ ................................................................................................................................... (20) .................................................. ; .............................................................. (20) 9. Inta~ ~ ............................................................................................... 305,833 ................ 5S2,724 .............................................. 3~,833 .............................................. 5~2,72~ 12. E~e ..................................................................................................................................... 7,B~ .............................................................................................................. 7,8~ 13. Group ~m a~ ~ ............................................................................................................................................................................................................................................ O 17.2 ~r I~- daY.de ...................................................................... t,414,465 .................. 15,924 ........................................... 1,414,~5 ................................................ 15,924 1g.3, lg.4 ~a~ol~b~ ......................................................................... 12,593,3~ ............. 6,188,717 ............. 4,313,~6 ........... 16,655,512 ................ 251,660 ............. 6,188,7~7 21. ~ p~ ~e ............................................................................. gi,833,835 ........... 29,485,4~ .................. 58,80t ........... 91,692,436 ......................................... ~,485,4~ 22. N~ (~l ~) .......................................................................................................................................................................................................................................................... 0 23. F~ .......................................................................................................... ~,95t .................. 2~,185 .............................................. 538,951 ................................................ 28,185 24. Sum~ ............................ ~ .......................................................................... 3,1~,827 ................ 170,740 ........................................... 3,160,~27 .............................................. 17~,740 26. Bu~ a~ ~ ........................................................................................... ~,432 .................... 4,~ ................................................ ~,432 .................................................. 4,5~ 27. ~er ~ ~ ...................................................................................................................... (297} ............................................................................................................... (297) 28. ~ ............................................................................................................................................... 315 ................................................................................................................. 315 30B. Re~um~onpm~m~ ~d ~ ..................................... ~ ........................... 33,~g ................ 433,08g ~C. Rei~umn~onpm~ ~m~ Fi~ndal Li~ ..................... ~ .............................................................................................................................................................. 0 31. Agg~ate ~ ~r ~r li~ of b~i~ .................................................... 0 ........................... 0 ........................... 0 ........................... 0 ........................... 0 ........................... 0 32. TOTALS ............................................................................................. 27~,781,~3 ......... 117,493,~3 ............. 4,~2,7~ ......... 2~1,3~,861 ................ 763,07B ......... 116,4~,037 D~TA~LS OF ~-~S 3101 ...................................................................................................... } ................................................................................................................................................................................. 0 3102 ........................................................................................................................................................................................................ , .......................... 0 3103 ....................................................................................................................................................................................................................................................................................... 0 3198. S~ of ~ini~ ~m ~r Li~ 31 from ove~ ~e ........................... 0 ........................... 0 ........................... 0 ........................... 0 ........................... 0 ........................... 0 31~. TOT~$ (L~ 3101 ~ 3103 ~ 3~) (U~ 31 a~ve) .................................. 0 ........................... 0 ........................... 0 ........................... 0 ........................... 0 ........................... 0 If yes: (I) T~e ~t of s~ i~nt p~i~ $ ............... 0. (2) A~u~ ~ ~h s~ i~ime~ p~miu~ ~uld ~e ~en ~ ~d ~ey ~n m~ on an annual~ b~is $ ............... 0. 10 Erie Insurance Company UNDERWEITING AND INVESTMENT EXHIBIT PART4-EXPENSES 1 , Loss Adiustment 'i Expenses a, Direct ................................................................................................................................ I ................... 9,482,705 b. Reinsurence aesumed ........................................................................................................................ 4,577,498 c. Reinsurance ceded ............................................................................................................................... 9,954,143 d, Netdaimadjustmentssrvices(a*b-c) .............................................................................................. 4,106,060 2. Commission and brokerage: a. Direct excluding contingent ..................................................................................................................................... b. Re nsurenns assumed excluding contingen .......................................................................................................... c. Reinsurance ceded excludiag condagent ............................................................................................................... 2 O~her Underwnting Expenses 3 4 /nves[ment Expenses To~l .................................... I ......................................................... 9,4~ .............................................................................................. 9,95 .................................. 0 .................................. 0 .................... 4,10 .................. 29,121,261 .............. ,; ........................................ 29,12' .................. 16,049,839 ....................................................... 16,04~ .................. 29,765,854 ....................................................... 29,795 d. Contingent-direst .......................................................................................................................................................................................................................................................... e. Contingent - minsuranse assumed ................................................................................................................................................. (18,575} ............................................................. (16 f. Contingent ~ reinsurenns ceded .......................................................................................... I ............................................................................................................................................. g, Policy and memhership fees .......................................................................................................................................................................................................................................... h. Nel commission and ~rokerage (a +t~ - c + d ~- a - f +g) .................................................................................... 0 .................. 15,356,671 .................................. 0 .................. 15,356,, 3. Ntawances th mansgem and agents ..................................................................................................................................................................................................................................... 4. Adverting .......................................................................................................................................................... 2,052 ....................... 303,769 ............................................................ 305,1 5. 8oants, bureaus and sssoclallans .................................................................................................................... 95,114 ....................... 270,953 ............................................................ 356,£ 6. Surveys and underwriting re~orts .................................................................................................................... ~0,951 ....................... 766,588 ............................................................ 787,5 7. Audi~ of essureds' recaps ................................................................................................................................................................... 153,913 ............................................................ 153,9 8. Sala~ and related items: a. Salar~s ................................................................................................................................................. 4,147,421 .................... 6,498,942 } ......................... 59,093 .................. 19,705,4,~ b, Payroll taxes ............................................................................................................................................. 324,612 ....................... 487,662 ........................... 3,369 ....................... 615,0~ 9. Employee rela~ns and welfare ...................................................................................................................... 636,547 .................... 1,147,226 ........................... 5,734 .................... 1,789,50 19. Insurance .......................................................................................................................................................... 27,889 ......................... 2D,845 ................................ 71 ......................... 48,80 11. Dke~tore' fees ........................................................................................................................................................................................ 62,585 .............................................................. 62,69! 12. Trava and tmvei itams .................................................................................................................................... 367,123 ....................... 422,141 ........................... 2,971 ....................... 792,23', 13. Rant and m~ itarns ......................................................................................................................................... 243,496 ....................... 784,757 ........................... 3,9~9 .................... 1,032,13~ 14. Equipment ....................................................................................................................................................... 523,704 .................... 1,036,230 ........................... 6,765 .................... 1,5~,725 15. p~nting and stat~nery ...................................................................................................................................... 67,4~ ....................... 329,486 ........................... 4,490 ....................... 401,442 10. Pothage, te~edhone an~ ~agrapti, exchange and espress ............................................................................ 284,651 .................... 1,164,677 ........................... 1,001 .................... 1,450,229 17. Lega and a~r~ ............................................................................................................................................. 44,010 ....................... 349,142 ......................... 15,323 ....................... 408,475 17A. To~,s (L~es 3 to 17) ................................................................................................................................... 6,774,926 .................. 13,796,342 ....................... 104,725 .................. 20,677,995 a, State ar~ taca insurence taxes deductthg 9uaranP/aesectati~n cred~ of $.....,.,,0 ................................................................................................................................................................................. 2,343,377 ......................................................... 2,343,377 ~ b. Insureace depar~meat licessea and taes ....................................................................................................................................... 234,316 ............................................................ 234,316 c. Grnss guarenly associntthn ~sesements ........................................................................................................................................ 41,474 .............................................................. 41,474 d. Nlother(exdudingfndereland~om~gnincm'neandrealestale) ................................................................ 16,729 ......................... 29,794 .................................. 3 ......................... 46,526 e. Total taxes, licenses and feas (a + b ,~- a + d) ............................................................................................. 16,729 .................... 2,648,961 .................................. 3 .................... 2,665,693 19. Real estale expenses ............................................................................................................................................................................................................................................................... 0 i 20. Real estate taxes ...................................................................................................................................................................................................................................................................... 0 ~ 20A. R~imbumements by uninsured a~"ident and health plans ...................................................................................................................................................................................................... 0 21, Aggregate writaqns ~or mtscegansous espenses .............................................................................................. 46,845 ....................... 187,630 .................................. 0 ....................... 236,675 22, Ta~ expenses incurred ............................................................................................................................. 10,946,562 .................. 31,991,804 ....................... 104.728 (a) ............. 43,043,094 23. Less unpeid exhenses, cement year ........................................................................................................ 13,123,303 .................... 1,087,126 ......................... 16, f45 .................. 14,226,574 24. Add unpeid expenses, pndr year .............................................................................................................. 12,026,323 .................... 1,259,265 ........................... 9,115 .................. 13,294,703 25. Amounts receivable relatthg to uni~ured accident and health plans, pper year ...................................................................................................................................................................... 0 o 26. Amounts receivabta re~agng to uninsured a(;cihent and health plans, current year .................................................................................................................................................................. 27. TOTAL EXPENSES PAD (Lines 22- 23 + 24 - 25 + 26) ............................................................................ 9,849,582 .................. 32,163,943 ......................... 97,698 .................. 42,111,223 DETNL$ OF WRITE.INS 2101. Miscellaneous Expense .................................................................................................................................... 47,886 ....................... 1~7,825 ............................................................ 235,711 2102. Cont~butions .......................................................................................................................................................... 959 .................................. 5 ................................................................... 964 2103 ................................................................................................................................................................................................................................................................................................... 0 2196. Summaryofremainingwdte-las ratLine21 fmmovanlowpage ............................................................................... 0 .................................. 0 .................................. 0 I .................................. 0 2 99. TotsJs (Lthes 2101 thru 2103 plus 2198) (Line 21 abeve) ............................................................................... 48,845 ....................... 187,830 .................................. 0I ....................... 236,675 la) includes management fees oi5.........,0 to affillales and $.,.....,..01o ~n.af~tstas, '12 ~.~.~s.,.~...~r~.,.~2~o,~. Erie Insurance Company EXHIBIT 1 - ANALYSIS OF NON-ADMITTED ASSETS AND RELATED ITEMS End of jl End of I Changes for Year Decrease Summary of items Page 2, Lines 10 to 15 and 17 to 19. Cotumn 3 r 157.739 1 .......................... 166.796 9r057 2.1 Bills receivable, nat taken for premium ................................................................................................................................................................................................................................ 0 2.2 Furniture, equipment aedsupp~ies .......................................................................................................................................................................................................................................... 0 2.3 Loaes on personal secu~y, endorsed or not ......................................................................................................................................................................................................................... 0 TotaJ (Lines 2.1 to 2.3) (Page 2, Line 20, Column 3) ........................................................................................................................ 0 ............................................ 0 ............................................ Aggregate write-ins for other than invested assets (Page 2, Line 21, Column 3) ..................................................................... 9,261 ........................................ 250 .................................... (9,011) Aggregate write,ns for ~ated items ............................................................................................................................................... 0 ............................................ 0 ............................................ Tatal (Line 1 plus Lines 3 to 5) .............................................................................................................................................. 167,000 ................................. 167,046 .......................................... DETAILS OF WRrTEolNS 0401, Virgin~ Premium Tax C~edit ................................................................................ : .................................................................... g,26'~ ........................................ 250 .................................... (9,011) 0403 ........................................................................................................................................................................................................................................................................................................ 0 0498. Summary of remaining wrfte-to.s for Une ,I from overflow page ....................................................................................................... 0 ............................................ 0 ............................................ 0 0499. Tatals (Unes 0401 thru 0403 plus 04~8) (Line 4 above) .......................................................................................................... 9,261 ........................................ 250 .................................... (9,011 ) 0501. Leans en cem~any'a stock ............................................................................................................................................................................................................................................................. 0 13 Erie Insurance Compan. y EXHIBIT 2 - RECONCILIATION OF LEDGER ASSETS Current Year Pnor Year INCREASES IN LEDGER ASSETS ~. Net premiums written (Part 2, Line 32. Column 1) 116,4~4,037 ~ ......................... 107,660,0 2. interest, dividends and real estate income received (Par: 1, Line 9, Column 3) ...................................................................................................... 15,683,563 .............................. 14,331,3 3. From sale or matunty of Ipager asse~s (Part lA, Line 9, Column 2) ............................................................................................................................... 606,883 ................................... 362,3 4. Other income items or i~reases, viz: a. Agents' Patannes previously chan3ed off .................................................................................................................................................................. 1,038,031 ................................... 835,8. b. Remittances from home office to U.S. bra~h (gross) ........................................................................................................................................................................................................... c. Funds heid under reinsurance treatias (ael) ........................................................................................................................................................................................................................... d. Borrowed money (gross) ......................................................................................................................................................................................................................................................... e. Amounts withheld or retained tar account of ofhem (uet) .............................................................................................................................................. 22,647 ..................................... 31,4; f. Aggr~gam write.ine for increaues in ledger ussets .................................................................................................................................................... 2,849,602 ................................ 4,003,41 5. Adjustment in book value of ledger assets (Part lA, Line g, Column 4) ....................................................................................................................................................................................... 6. Capr~al paid in {Page 4, Line 24a) ................................................................................................................................................................................................................................................. 7. Su~lus paid in (Page 4, Line 25a) ................................................................................................................................................................................................................................................ 7A. Surplus notes (Page 4, Uae 23A) ................................................................................................................................................................................................................................................ 8. Tofal (Lines 1 to 7A) .................................................................................................................................................................................................... 136,604,763 ............................ 127,314,4.( DECREASES IN LEDGER ASSETS 9. Net ~3~ues paid (Part 3, L~e 32, Column 4) ................................................................................................................................................................. 74,001,602 .............................. 67,256,8.~ 10, Expa~ues paid (Pa~t 4, Liue 27, Column 4) .................................................................................................................................................................. 42,111,223 .............................. 39,398,7C 10A. Interest expanee (Par[ 1, Line 10A) ............................................................................................................................................................................................................................................... 11. From sale or maturity of ledger assets ( Part tA, Line 9, CoL 3) ....................................................................................................................................... 126,483 ................................... 109,17 1 lA.Su~us notes (Page 4, Line 23A) .................................................................................................................................................................................................................................................. 12. Other didbumeme~t items or decreeaes, viz: a. Agents' balancea o.harged off .................................................................................................................................................................................... 1,289,752 ................................ 1,051,09 h. Remittances to home ofr~e from U.S. brench (gruss) ............................................................................................................................................................................................................ ¢. Funds held under reiusurance treaties (net) ............................................................................................................................................................................................................................ d. Borrowed money (gross) .......................................................................................................................................................................................................................................................... e, Amounts v~tt~pald or rofainpa for account of nthe~ (net) ......................................................................................................................................................................................................... f. Aggregate e~ltequs for ~'mases in tsdgar assets ................................................................................................................................................................. 0 .............................................. ~ 13. Adju$1ment in book value of ledger assets (Part lA, Line 9, Column 5) and dedreda§on (Part 1, Lir~ 11) .................................................................................................................................. 14 Federal and foreign income taxea paid ........................................................................................................................................................................... 1,443,212 ................................ 3,193,11; 15. Dividends paid stockholdem ........................................................................................................................................................................................................................................................... 16. Divipands to policyholders on direct business, less $.....4,016,257 dividends on reinsurance assumed or ceded (net) ................................................... 509,403 ................................... 578,421 17. Tofal (Lines 9 to 16) .................................................................................................................................................................................................... 119,481,075 ............................ 111,585,10~ RECONCILIATION BETWEEN YEARS 18. Amount of ledger assets as per ~ala~e December 31 of pdor year .......................................................................................................................... 218,053,345 ............................ 202,324,01.( 19. Increaea or (decrease) in ledger assets dudng the year ([Jne 8 minus Lius 17) .......................................................................................................... 17,123,088 .............................. 15,729,32( 20. Balance = ledger assets Deusmbor 31 of currant year ............................................................................................................................................... 235,176,433 ............................ 218,053,34.~ DETAILS OF wRrrE.IN$ 04f01, Payable to Parents, Subeidiadas & Aff~iatas .................................................................................................................................................................. 2,091,839 ................................ 3,997,51( 04f02. Premiums Received Before Rese~aJ ................................................................................................................................................................................ 709,368 ................................................ 04f03. Miscellaneous Income ......................................................................................................................................................................................................... 48,395 ....................................... 4,814 04f98, Summary of remaining ~te4us for !Jne 4f from ovedlow page ................................................................................................................................................... 0 ..................................... g1,151 04199, Tofals (Lines 04f01 thru 04f03 ~us 04f98) (Line 4f above) ............................................................................................................................................ 2,849,602 ................................ 4,093,481 13Ol ......................................................................................................................................................................................................................................................................................................... 13o2 .......................................................................................................................................................................................................................................................................................................... I12~0. Totals (kir~ 12f01 th~ 12~03 mm 12ffi8) (Liue 1~ abo~e} ........................................................................................................................................................ 0 .............................................. 0 14