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Pp?` O Pqq E4LTH Oi 4 Civil ' 'COMMMWALTH OF PENNSYLVANIA tL,12 r I -,30 NINW&ANCE DEPARTMENT 1. r .,, F )'E RLA"?D QUr4 i F~ l 4'?4, v Y t-V a'l IA Harrisburg, PA April 1, 2012 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 171h 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, I, Michael Consedine, 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 !;[?.Mpg GC?G? 1 ?* 974/40 PROPERTY AND CASUALTY COMPANIES • ASSOCIATION EDMON 111111110111,11,1111 • 2 e 2 e a 2 a 1 1 2 0 1 0 0 1 0 0 ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2011 OF THE CONDITION AND AFFAIRS OF THE ERIE INSURANCE COMPANY NAIC Group Code 213 213 NAIC Company Code 26263 Employer's ID Number 25-1232960 (Current Period) (Prior Period) Organized under the Laws of the State of PENNSYLVANIA State of Domicile or Port of Entry PENNSYLVANIA Country of Domicile U.S. Incorporated September 11, 1972 Commenced Business January 1. 1973 Statutory Home Office 100 Erie Insurance Place Erie. PA 16530 (Street and Number) (City or Town, State and Zip Code) Main Administrative Office 100 Erie Insurance Place Erie. PA 16530 814-870-2000 (Stmt and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Mail Address 100 Erie Insurance Place Erie. PA 16530 (Street and Number) (City or Town. State and Zip Code) Primary Location of Books and Records 100 Fri e Insurance Place Erie. PA 16530 814-870-2000 ( Street and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) Internet Website Address www.cncmumnce.com Statutory Statement Contact Dtvalme A. Gantz 814-870-2000 x2785 (Name) (Ara Code) (Telephone Number) (Extension) Dwayne.Gantz(a?erieinsurance.com 814-870-4040 (E-Mail Address) (Ara Code) (Fax Number) OFFICERS EXECUTIVE OFFICERS President & Chief Executive Office: Terrence William Cavanaugh Executive Vim President & Executive Vice President, Chief Financial Officer: Marcia Ann Dell Secretary & General Counsel: limes Joseph Tanous Senior Vice President, Treasurer & Executive Vice President: George David Dufala Chief Investment Officer. Douglas Franc Ziegler Executive Vice President John Francis Kearns Executive Vice Resident Michael Stephen Zavasky SENIOR VI CE PRESIDENTS Jeffrey William Brin ding Richard Francis Burt, Jr. Louis Felix Colaizro Lorianne Fehz-Uppamun Cheryl Am Feme Gregory John Gutting Jayeshree Ishwar Christina Marie Marsh Eric Alan Miller Matthew Wayne Myers Timothy Gerard NeCastro Randall Thomas Petemtan Eric Douglas Root Shem Anne Silver Douglas Edward Smith Gary David Veshecco Ann Hercheeroder Zapramy Christopher John Zimmer DIRECTORS OR TRUSTEES Brian William Bolash Terence William Cavanaugh Marcie Ann Dell Thomas Bailey Hagen, Chairman, James Joseph Tanous Michael Stephen Zavasky Douglas Fronk Ziegler State of Pen=lvania / SS County of Erie The officers of this reporting entity being duly sworn, each depose and say that they arc the described officers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and claw from any lieas or claims thereon, except u herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and habifities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the penod ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ, or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also include the related corresponding electronic filing with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic filing) of the enclosed statement. The electronic filing may be requested by various regulators in lieu of or in addition to the enclosed statement :tr .4 ? 1.1 ?t? /C?ill,Qtf?s/ goer sti rN Of PlNN6111.vll" 1 'ri01an1 seal l+ ,.se.,Gate.ao.N,.,AAW CAV106Mae.cel.a ors M Ca...... tup ea sera ? Annul Stxhrrerq lyr tho rear 2011 or me Erie Insurance Company Net Admitted Nonadmreed Assets Net j....__... Bonds (Schedule 0 428,147,035 428,147035 411226902 O 2. Stocks (Schedule 2.1 Preferred s0odcs....._ .__.,. .. _.. 9 _..._. 15,622,190 15,622,190 _ 6.698,51'7',. 22 Common stocks. 20,229,382 . 20,229,382 19805,405 3. Mortgage loans on real estate (Schedule B) 3.1 First liens . ._....... __. __.. I ( .. . _.0 3.2 Other Mra first Bens.. _ _.. _ I _. _. .... D 4. Real estate (Schedule A): 4.1 Properties occupied by the company (Mss f... 0 i encumbranceg...__. ..... _ ... _ p 4.2 Pros held for" production of Income (lees S-- .. _.0 encumtxanussl....... 0 41 ProperYss hold for sale (less f........ -0 encumbrances) 0 j 5. Cash (3 .(232,381). Sdr. E-PaA 1), cash equivalsrs (5........0, Stu. EFart 2) and shotimr imaslnetq (S-.-6,951,419, Sch. DA).... 6,719,038 .. 6,719,038 i6 218.040 6. Contract kes (including f..........0 premium notes) ..._ _ 0 7. Derivatives (Schedule DS).. .... ..... __... 0 8. Odle ervested as" (Sdredtk BA). _ 9. Receivables forsecurities .......... .1,499 A99 1.615 10. Seanda lending reinvested coPAWW swab (Schedule DL) .......... 0 11. Aggrai" wrb4m for invested assels . _.._........ ..__...... ..__........... .......__,.. ............................ ....0 ......................... ..._0 12. Subbase, Cash and mrmtedassata(Li"11011)........ _........470,719.148 .. ......._...__..... ..0 ............_470719,148 ......... _...463,950,479 13. rag plane ea S..........0 charged off (for Tge insurers orgy).. _._....... .,........ _ ........ .......... ._..._.... ... ...... _ ...__...........0 .. _._ _..._ _.. _. 14. Invesunent income duo and accrued......... ........ -5,478,663 .. 5,478,653 5,512,344 15. Premium and considerations: 15.1 Unookctedpremumsadapnte'balanasnownofcokcYOn............ ........ .............. _.35.554.478 .__.__.....47.482,707 15.2 Defamed premiums, agents' balances and irsteMnenb booked but deferted and not yet due (including S._..._..0eanredbut olbNadpreinkame) ...................... ..............150,054,014 ........_.....,_.___.._... ___..__..150,054,0141 _.._,.,....130,472,821 15.3 Accrued reboepecive premixm...... ... . 16. Reinsurance: 181 Amounts recoverable from MMSU"re .................. ...... .... _................. ........................1,478 ... ._.. ......... ..I ____. .___.....1,478 __.._._.,_..317.123 16.2 Funds held by crdepaatedwithreimusdcompanies ...,..__. 751,162 787,921 16.3 Other amounts mosivaW urder rensurance contracts ... __... .._. ......... .._.. _I ._._._. _..0 17. Amounts receivable role" to uninsured plans... ..._A 18.1 Current federal and foreign nearne ex recoverable and interest Mnereon ............... ..... ........ .....1,367,025 ... 1,367,025 . . 18.2 Not deferedtax aeeet ......... ....,............ .............10,359,505 ............... ..7,031.695 .........__.....3.327,610 3,417,346 19. Gum" funds recelvabae or on depose.... ....... 20. Electronic data processing egwpnrrem and eoflwae...... . 21. Furniture and equipment, bcludi g heaM care ddwy aseete (5..........0) _..0 22. Net of urimm in assets and liabilities due b foreign excharge rates... _o 23. Receivables from parent, subsidiaries and afAAesea......._ .,....0 24. Health care (S......._.0)andother amounts receivable...... . 25. Aggregate wnte4s for other than invested assets...... _ 179121 .... ............ (9,2611 ......_...._........188 382 ...... _........263124 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cal Accounts (Lines 12 to 25) ................... ...._......__..._....................._._...............__... F ...,674,464.580 _...............7,484,842 ...,.._..._688,979,738 ......._....652,203, 885 27. From Separate Accounts, Segregated AccouneandpnHa2edCapAmounts........._.. ....__ ._....... .... _._......._.0 28. TOTALS (Lines 26and27) ........................_........_ ......._................. ......__.................. ...674.484.580 . ..................7.484.842 ..._....__686979739 aO7maax 1101. .._. ...... ...... 1102. 1103. .... ...° 1198. Summery of remaining wrill-iisfor Line 11from overflow page..........._. .....__.I ......_.....,....._...,....01........ __._..._...OI__.._.. ._._._01 0 2501. Premium Tax Credits .......,.... .. _...... ... _...._.,.... .____ .............._.142,374 .........,............(9,261)... .,_.151,635 _..201,609 2502. Other Accounts Receivable- 20,370 ... 20,370 45,770 2503.Equities and Deposits in Pools and Assocwoons.....___ ...._..._.16,377 ._...,__....16377 15745 2598. Summary of remaining writa•nsfor Line 25from overflow page....____. 0 _.. ....._... 0 _.. _ __.__0 _...... _..0 2 Moral SU4mere fxrthe year 2011 ofeu Erie Insurance Company LIABILITIES, SURPLUS AND OTHER FUNDS 1. Lasses (Part 2A, Line 35, Column 8). ........ .,.. . ......... .......... .......... .., . _... '39,553.544 . .. ...... .... 141.782,445 2. Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6)........ .. _.....65,219 ..... ....................63.904 3. Lose adjwhnent expenses (Part 2A, Lore 35, Column 9). _. _ ..., ._ _ .... ..... 27,872.745 28,296,013 4. Commissions pay". contingent commissiolsand other similar chargees...___.. ......... .........._.. ......... _ _....._ ................ ...,.,_, ....... ._...._.,...... 5, Other @*ar s (excluding Mm, karrus and fees) ......... ,.... _ .... __.. . _ ..,..._ 39,558 ..... ...., 6 Taxes, faenses and fees (excluding federal and foreign income taxee)......._...,...... 1,905.311 .... ....__ .1,822,052 7.1 Current federal end foreign name taxes (including 5..........0 on realized capital gains (losses)) ....... ........ ... ...... ..................878,401 72 Not deferred tax Nobility.. ......... ......... ... _ .............. .............. _ ............ ........... 8. Borrowed money S..........0 and n+tareettherecn s._ . 0 ..... ..... _.. . _.....__ ... ....... ......._ 9. Unearned pramirms (Pad 1 A, Lire 38, Column 5) (offer deducing urnmed premiums for ceded reinsurance of 5. ....223,609,593 and including wor" reserves of s._._....0 and accrued accident and heath experience ra" refunds including s..........0 for medical less rabo rebate per the Pudic Health Service Act) . .................. ......_... .. _ _. _ ....84.945341 .. .80.M,324 10. Advance premium ...... ........... . ....... .............. 1.526,005 ._.. .........-2,066,280 11. Dividends declared and unpaid: 11.1 StoddrMdes ................... ........................... .............. . 11.2 Policyholders ...................... .... .................... .. .. ....... ._...... ........ 181.933 ,.115,887 12. Ceded reinsuma premiums payable (net of ceding commissions) ................... _ ............. 136,165,724 ........ ...........130,982,072 13. Funds hold by company under reinsurance beedes (Schedule F. Part 3, Column 19) ............ .............. _ ._.....__.....628.805 ,.662.538 14. Amounts wtftWor retained by canpanyfor account ofosen....................... .................__....,...........,............................_...___ __......... ....... 422,129 ........ ......... ......... 488,826 15. Remittances and tams rat allocated... .... ._ ..... ........ ........... ........ .... ......... 337,685 .... .... ,............. 272,836 16. Prowgnfor reinsurance (So*"F.Pan7) ................................._..............................................................................._...._.._ . ....... ...................... ....... ....... .................._... .......... 17. Net adol enb in assets and WON due to foreign excho ge nees....._ ..... .......... _ _............. ................ ........ _................................ ........ .... ..................... ..... ........ ............... .............. .... 18. DraftoutsWWig .................................................................................................................................................................................... ....................................... ........ ................................. 19. Pay" to parses, subsidiaries adaMlaes........ _... ...... .......... ___ ........ ....... .............. ........... . ...... ......... .13,322.440 ........ ........... ..13.308.800 20. Derivel q............ .............. ....... .............. ...... _...._..... ......... ........................ .......... ,................................ ........ 21. Payable forsecurities, ... .................... ................................. ................... ............ ..... .._.,..........,..,.... . ...... . .. ....... _.. ... ........ ........... . 22. Pw#*for senaillasledig ...... ........ ............................... ...... ....... ...................... ...... .......................... ................ ........... _._............. _ .. ...... ,...... ......... ,......... ....... ........ .......... ....................... 23. Liabillyforamounts held under uninsured plans ..................... ........ _._._.............. ....... .__........... _........................... ...._................._. .. ....... ................................ ........ ...................... ........... 24. Capitol raft S........... 0arid interest iereonS..........0..........._ ........................__........................._......._..............__............._..._......... ._...__.._......... ................ ........ ..... ............................ 25. Aggregate wft-mforlobNBa..... ..... ...... _ .................. ............... ,......... ....... ..._..... _...... .... ................ ,........ _.......__.__........._ .. ................... ................0 ....... ...................... 955 26. Total liabili9esexcluding protected call liabilities (Linn 1through 25) ........... ............. ................ ...................... .......... .............. ....... . .._...._......_406.98 7,437 ........ ...........401,427,071 27. Protected call kati46es..... ........ ..... ......_... ......... .............,........... 28. Total tebiWiss(Lines 20and 27) ............................................._......_..........._.......,............._......._....................._..........,.... ,................406961431 .... .... ....,......401427071 29. Aggregate wribinsforspecial surplus funds. .........................................................................._...._.........................__... .... ....................0 ........ ..... .........................0i 30. Common capital stock .... ............. .. ..... ..... ......... .......... _ . . .......................... 2.35.000 ..... ...,........2,350.000 31. Preferred capital slodc ................................... ............ ................ _........ _,._..........._........... ...... ........................... ......... ,......_......... ... ...................................... ........ ................................. 32. Aggregatewdtsins for other than special surplus funds .............. ........... ............ __..._ .. ......... ........ .............. .. . .....__.... ..... ............0 .. ...... ................. ........ ,.... 0 33. Surplus notss ......................................... ............ __.. .._ _................_.......... ............... .......... 34. Gross pad in and contributed surplus .... ........ ......... ............ . ............. ....... ......... .................. . .... .__.......... 81,482,000 .... ............81,482.000 35. Unassigned funds (surplus)................... ............... ..__............... .......... ........__ .. 176,180,301 ........ .... ...... 166,944.794 36. Less treasury stock, at coat 361 ..........0.000 shares common (value included in Line 30 5..........0).................... ................................................................ _ ...... ...... __....... .... ...... ........ ................................ 36.2 ..........0.000 shares preferred (value included in Line 31 5......._.0) ........ ....... .......... .... _............................. ..... .._ ......... .... _........ ,.................... . ........ ........................... ...... 37. Surplus as regards poscyholders (Linea 29 to 35, less 36) (Page 4. Line 39) ..................................................................... _....... . .................260 012 301 ....... ...... ..._.250,776,794 38. TOTALS (Pe 2. Lie 28. Col. 3) ................. ....................... ................ ..................................................... ..................... ........... ..... . ...... ....__.666,979.738 ....... ............652,203.865 2501. North Carolina Private Passenger Auto Escrow ............................................................................................................. ........................955 2502. 2503 . ................................................................................................................................................................................................ ...... 2598. Summary of remaining wde-ns for Line 25 from overflow page ......... ........... .................. ................................................... _.......... .......... .... ...._..................0 ..................... 0 3 A-AShanemenhrar Ihsyew2011ot" Erie Insurance Company STATEMENT OF UNDERWRITING INCOME Current Year prior Year 1 Premiums earned (Part 1, Una 35, Column 4}.. . 208,445,322 _ 197,204,822 DEDUCTIONS 2. Lasses incurred (Part 2, Line 35, Column 7) 145,492,908 t 19,315,898 1 Loss sdjusbnentexpenses mwrred(Pan 3,Line 25,Column t}_ _ 21,957,832 21,369,412 4. Other underwriting expenses Incurred (Part 3. Line 25, Column 2)..... 58,564,757 55,356,218 5. AggregaM wrile-ms for underwriting deductions. _ 70 382 11311W 6. Total urdenrding deductions (Lima 2 through 5)... 226,185,858 198,155,406 7. Net Income of protected cab 8. Net underw+iinggo (loss)(Line Iminus Line 6plus Line 7) ...___(17,740,537) .. ..._.._..1049,415 INVESTMENT INCOME 9, Not mve~tincomeearned (E)Mitdof Not lnvastmersIncome, Line 17y ._...._21,638,956 _ _..__22.958,145 10. Net maNUd capita gains (beau) len carnal gequ tax of t.. _ 501,653 (Exh6it of Capital Can (Losses))...... .... ..,. _......... 6.419.5% ...5 464 901 11. Net nvestment gain (Ion) (Linn 9 + 10) _ . .. 28,058,574 26.423.048 OTHER INCOME 12. Net gain Ibis) from agents' or premium balances charged off (amount recovered S.. 2,881,534 amcudcharged off 5.....3,755,040)...., (873.508) (821,256) 13. Finsincis and service charges not included in premiums 14. AggrsgsY wrfMins for miscellaneous noome._ _ _ 209385 .. .......................... 33 n2l 15. Total other Income (Lines 12 through 14) _. 111 ..... ................... 1781,5231 16. Net ncane before dividends to policyholders, after capeal gains tut and before all odna federal end foreign income bum(Lim 8+11+15) .....,._ . ....... ..... ,.,.. .... 9,653,897 .. 28.6&1.939 17. Dividends to policyholders ._.._.. __._ _ ......106313 153081 18. Net income, aftrr dividends to policyholders, after cepNN gent tax and before all other fedeal and bregn income twin (Lns 18 minus line l7).... ............. .... .. 9,447,583 ... 28.531,878 19. Federal and foreign Income Mass named 20. Not ncome,(Line 18minus Law 19)(toLine 22) ........................................._.................._ .. ......... ....._...._....... .... . .. .......................... 9,417648 ...... ..... .............21 107 CAPITAL AND SURPLUS ACCOUNT 21. Surplus as regards pu yhobers, December 31 prior yw (Page 4, Una 39. Column 2) . .......... _ _... 250,778,794 .. ... _.... _....131,493.487 22. Notincame(fmmLim20). ............... .___......... 9,417,648 _..........21,263,107 23. Nottrantferas(b)III= Protected Call accounts .........._ ............. 24. CharipIn netunrealized cs algains or (I Iless capital gains tax of 5.....(144;907)............ 227,370 .(1,612,013) 25. Change in not unnsaWdbralpexchange capital gain (bes).... .... ....... .... .......... __ 25. Changenrwdell Income, tax...._.... . .. .... ... ........._2,058,825 27. Change nnnadmesdasesb(E*wofNanadmssitMo ,Lina28CoNam3) ......___....__ ................_...... ._.,.................... .1,790,781 ...... _......_........ (2,428,593) 28. Change in provision for reinsurance (Pigs 3, Line 18, Caiam 2 minus Column 1).... 29. Change In surplus rwka ... . _ . 30. Surplus (conlrbulW b) withdrew from protected telM. .......... 31. Cum bM effect of drangn in samun ing prnapln... 32. Capital changes: 32.1 Paid in ._,_........ 322 Transferred from surplus (Stack Dividend). ... ... ... 32.3 Transfiensid to surplus 33. Surplus ad)usenenb .... 33.1 Paid In .......... ..... 33.2 Transferred to capital (SWDividend) .... __..._..._ .___...._.......... __ __ 33.3. TransfenedhamapiW ._...... . __._.. ., 34. Not remittances from or (b) Hwm Office, 35. Dividendsto sbddnoldsn .. ............._. _ ........... ..... . ... ... 36. Change in treesuy sbdr (Pape 3, Lines 36.1 and 36.2, Cohan 2 minus Column 1).. .. _ _ _ . __.. 37. Aggregate aniY-irbrgensandbtaeensurplus ........ .. ............. ........... ......_._. ........... _...._..... _._.... ._ ...._ . ......._.. ......0 ..... _ ....._.......,....0 38. Chugs n surplus es regards pokywildens for the year (Lines 22 through 37).-.- ....................................... ............ _. ... ...........................9 7 ....... 18 ............ 39. Surpl s at retards aakw hellos. DeCMhba 31 arrrau hNf flit 21 oYr Line 311 Waaa 3. Llna 171 ?an m9 an+ veld 7». ?e. '.. 0501. LAO -_? Program ExWnse .................................. ............. ._......................... ................................. ...................._.....................,...... ................___.... ...770,375 .725424 0502. North Carolira Prlvels P anngerAubEsaow _.._.. ........ ............. 0503. - .............................. .................... 0598. Summary of remaining wrlOtNn for Line 5 from over l" paps ._.... . _.. ....... .. .._ .... 0 .... 0 1401. Mlealaneous Income.......... ........ ......... ............212,461 ....... ............_.40.196 1402. Wmcel nexus Reinsurance Income........ ...... ...... _ .... (6,462) 1403 . .. .......................... _...... ._ _ ....... _..... _. .... .............. ....... ... 1498. Summary of remaining wnm-ins for Line 14 from overflow page ........... ... ..................... _. _... ... ...... ...,. _ ..........0 .... 0 3701. .......... ..... ............. 3702. 3703. ..... 3798. Summary of remaining writs ins for Line 37 from overflow page ............ .... ....... D ... o 4 mma Stinmexlaswyw20ttofft Erie Insurance Company CASH FLOW CASH FROM OPERATIONS 1 Premiume collected not of reinsurance .... 210,004.850 ......... . _.....199,117.533 2. Notnoeehnentincome 22.898,488 ...... .....,..23,018,767 3. MisaYeneausincoms....... ....._ ........ ........._..._ .._.......,. _.__....... ._............... ................. .......... ..._...._......664141 ............ . ......,. 78752 4. Total (Lass l through 3).. .... ........ 232,237,197 ......... ... 221.348.M 5. Banat and Ion related pa)ywb......,... ............. .. .__. ...... ._ ..., ... .... .... ..._.. 147 568,090 ...... ........119,917.055 8 _. Not insistent to SepanM Accounts, Segregated Accounts; and Protecbd Cell Accounts .. _...... 7. Commissions, axpenees paid end aggrogak WM"s to deducuore.. . 81.032,950 ...... ........75,804,650 8. Dividends paid to pokylalders. ......_ ................ ........ . .......... ............ 140,267 ..... .... ..... ...... ,..... 139,133 9. Federal and toroign income taxes paid (recovered) net of S..._....0 tax on capita gains (tosses)- ....... _ .................. -.2.777.014 ......._ ............7 289906 10. . Total (Lines 5 through 9). _..... ........ .. .. __......231,316.331 . .........203.130,744 11 Net cash from operations (Line 4 minus Line 101 ......... .. _.._.._.._918.867 .... ...........16,218.033 CASH FROM INVESTMENTS 12. Proceeds from investments sold, matured or repaid: 12.1 Bonds .......... ......... .. ............. ...... ......... _..,.......,. 98.278.350 ... .. ..._...135.312.885 12.2 Stocks .. ....... . .......... 4,640,493 .......... ............. ..2.859.973 12.3 Mortgsgeloans ....... .. ...._..,.... ........... ...........__... _..._.__. .. ....._...._.. _ .....,.._,.._. .......... .. 124 Red aside .......... .. ......... ....._........ ...___.._. __....__.._......,........... ... ............ ......._._._ _. __......._. ...._...... ..... .. ........ ._.......... 12.5 Other invested assets ...... ... .. ............ ...._,..._.. _. ......__ _.. ....... .... ... .....,........... 12.6 Not gars or (tossed on cash, cash equivalents aid slydt-brm ww"I nanb ............................................_.................... ... ._,..,..........._.................... ........... .. .........._....._........... 12.7 Mbcehertacusproceeds ..... ........... .._................. ........................116 .......... ..................352776 12.8 Total 'invenrhentproceeds (Linn 12.1to12.7) .............._......... ........ .......... ... _...102,918,958 .... ...... ........... 138,525,633 13. Cost of nvealmenb acWW (la 44wm Doty): 13.1 Bards ............. ............. ..... .......__. ..................... .... ......... ............ ..._. .. ... ...... ...... .111.611,233 ........ .. ...144.659,314 13.2 Stocks ....... .......... ......................................................................................................._............................................. ...... . ...., 1,186,700 .......... .... 4,530,000 133 Mort kwas.............................................................. .........,......................._.....__...__.._..........................__... ... ........_ .._..__ _............. .... ...... ..................... .. ......... 13.4 RealestaM ............. .......... .._..............._..,......__........._..............._._.................................__.._................................._ .. ......,..._....._.._..._ .......... .......... ............................... 13.5 Cher invwYd aloft ............. ... ....... ._........... __.. ....... _... ...........,... ... .. .... .. ...._....,..._. _..._............ .. .... ....... . ....... ..... .. ......... 13.8 Mbcalarheorrs _ ..................._...................._.,._............ ..................... 13.7 Total ktvmWw b acquired (Lines 13.1 to 13.6) ................. ...... _.......... ........................ .. ..................113 391934 ......... ............149189 149,189,315 14. Netndsw(deasaaa)incanaWbmandprsmiumndsa ..............................._................................................................_.. .. .._._......_...._.................... ......... .... ..........................._. 15. NotcMhomnvela arts(Lihe12.8minusLines13.7mkwsLine14) .................. ............. ..... .......................................... (10,478,918) ......... ...... ....... (10,683,682) CASH FROM FINANCING AND MISCELLANEOUS SOURCES 18. Cady provided (applied). 16.1 Surplwnol",ogxLdnot" ............................................_............._._..........................._..........._.._........._..._...._......._... .. ,...............__..............,. .... ......... .................................. 16.2 Capital and paid in surplus, Ion tres"stock ........................__......................_............__....................................._ .. ...........,.._......._........... ......_. ............................... 16.3 Borrowed funds ..... .............. ... ..... 16.4 Not deposits on deposit," contracts and Other ksxrra MlisibiNaee......._........._........_._ ..................._...................... ...__..._._. ......_,........... ......... ............ ........_._...._... 16.5 Dividends to sbckholdem ........................................._................._...,...................................._._........................... _.... _ ..__........_ _......_............. ......... ..............................,... 16.6 Other cash provided (applied) ........... ..........._..............................................,......_..............................................__._.. .......... 61,107 ......... ... ....... 1.282.431 17 Net cash ham Snarx;ng and misceiartecus sources (Lr-16.1 to 16.4 minus line 16.5 plus Line 16.8) ........................... _ . ..... ....... ............. .61 61,107 ........ .................1 282 431 RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 18. Net change in cash, cash egrwatanb and OW40rm Inmim enta (Line 11 plus Una 15 plus line 17) ............................... ........ .._........(9,499,003 ) ........ ................ 8,836,781 19. Cash, ash equivalents and shat-term nvesanenb: 19.1 t3egnahng year ............................................................._.................,...._..................... 16218.040 ....... ..................7,381.259 disclosures of Cash how n non-ca trap Note: S 20.0001 .................. .......... .. .......... ...... .. _ ..., ...... 5 a,Asutsmembrins er2o„uro» Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 4 • PREMIUMS EARNED ine of Business + Net Premiums Wntlen per Column 8 Part IS 2 Unearned Premiums December 31 Pia Year per Cot 3, Last Year's Part 1 3 Unearned Premiums December 31 Currant Year- per Cal. 5, Part 1A 4 I Premiums I Earned During Yea Cob,1-2-3) t. Fqe......_ .. __ ....... _.... _. __ _. .....1,540,530 _ 575,811 651.458 ?.464,885 2. Alltsdlnee _ 729,560 254.934 297,414 687,080 3. Famnowners multiple peril. j 0 4. Hameowrnsrs muldpts per,l _ __ _ 46.283,588 17,230,057 8,987.831 44525.812 5. Commercial multiple perY. 27411,122 ..._......__.9.658,308 .....__.10.596,669 _.__26.672.759 j 8. . Mortgage guaranty _ 0 8. ..._..... Ocean marine 9. I Inland marine. .........__. _._._._.1.061,4011 _.._._...___382,647 ...__._.._.....395.465 1,048.583 ? 0 10. ._.... ._._._ __. _ Financial guaranty ._...... _._._ ___._ .._._.. _._.. .. _.. .. ____.. __.. 11.1 Medical Professional liability •occurrence, 0 { 112 Me"proltas"liability -dalmainade......__.. o 12. ..._..... .. .. Ean"Uakg' ._.__... .. _. .... _....._._ 0' r 13. Group accident ardhealth . _ ....._ ......... ..... ..._...... a i 14. Craft accident and heallh (grail and krdividuep .... ..... ........ .......... a 15. Other accident and hsa8h. ._.._01 16. Wodces'compensation- ............ ...... .5,083.284 ___..__.....5,574,633 .13.716.744 17.1 i Other liability -occurrence ....._....... ..5,073.100 1,779,003 .......__.._........1,8112,282 4,982,121 17.2 Other liability -clanwneds........... _....20.765 .......... __15,303 15.562 20.488 17.3 ......... .. _......_... ..._._.... Excess worked compensation. ..___.... ......._ ....... ................ ...__... _. ..... _........... ._ _.__ __,.a 18.1 i ........ _........' Products llabiYly - ocaarernce ............. _....... .....,......_...........102,230 ........ _.,............_......37.344 ......_...._._.........38.441 .....___.,._.__101.133 18.2 Products liability - ciakce+nede........ .. 19.1.19.2 Private pawaingee .................... ....._...I .. ....................57,339.890 ............. .......... 22,595,781 ....... _......... _...23,0811,753 .............._......56,1168,718 19.3.19.4 Carn ercialaubXahily ............ . ..... .._........11.947.935 ..... 4,484.077 ..._..._. 4,618,538 _...11.813,477 21. Auto physical dome" ......... ... 8.149.283 _..18,617,496 46,+84.588 22. Aircraft (all perNe) ......... .... ____.._. i __. 0 23. Fidelity ........... ......__ ..... .___......_.._......46.704 23.149 .... _ .............24.484 ....... ,....__ 45.390 24. Surety.... i _....330.252 ..185,729 175,709 340,272 26. Burglary and tlxR......... 620 ....379 _..374 626 27. Boiler and machinery ........ .___.. .. _. _....._ ., __ ..__. ...... .... .. ... ...._ _.... __.a 28. Credit.............. ....... ...., i a 29. ........... International ......... .... ... ......._........... _........._....__..........? .............._ _................ ........__...... _........,.. ._....._.._. _. _._....__.. ........_ 30. warranty.. ......... 0 j 31. Reinaurence-nonpopatlaWasaumedproPerty,.....__ 369 238 236 .... . ..369 j 32. Reinsurance -norpmpdreonalaewrnediabiYly.............. ... ....... . .. ... _._......6.600 ...... ..... _ ............ ............... 6.600 33 - nonpmmordorW assumed financial fines ...... _...... .....,. j ...__0 a 34. Aggregate wWA4ne for othw Ynas of bueineas........ 0 . ............ 0 0 .. . l 3 5. TOTALS ....................__................................,_........................ ,.. ...................212738336 ........................80855324 ........................114 1 ......_._...........208445 tl D ALS OF W88M4N$ 3401. __.0 i 3402 .............. _...__.._. ___ . .__..... _.._.. _....._ ___... ..__._.. _._...__ ( _.._. _. _._. ____ .._ a 3403 ................... .........__._. _..___. ..._._. ..__..._., ......__ ..__._. i ............ _._..... _...._. _._.. j __._ ...__.. 0 3 3498. Summary ofremeir"wMe-k?sfaLine 34from ovenbwpaga..._? _...__._......0 ......__.0 .0 0 3499. Totals (Lines 3401thru3403 POA 34811 Line 34 above ......... ........... _..__ ................0 ....._. ...... ..... 0 0 ....... 6 mnua Stai~110xuyw201rorme Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT Reserve for Amount Unearned Amount Unearned Rate Credits Total Reserve (Running One Year (Running More Than and Retrospective for Unearned or Less from Dale One Year from Earned But Adjustment Band Premiums Line of Business of POW a Date of Policylt a UnWMed Premium on Exostrience Cot. 1 . 2 - 3 + 4 1 Fire......,.. 651,456 _......_A 651458 2. Aliedlines ........... __ ........... _... .... .... , 297,413 -..... .....1 ...... .__._. ... ............ .... ....._...._..297414 3. Famxwsrs multiple perk„ ............. ......_......... .... .._. .... ................0 4 Homeowners mu"lepenl........... ..... _...... .._..,.._ ..._,... .._. ........ .... 18,987,831 .._...... ........ ........ .. .......... ......18,987.831 5 Commerdai mu" pent 10,594,918 1,752 10.596.669 6. Mortgage guars* ly.. 0 8. Ocean marine. ...... .,.. .__........... ,........__... .. ..... 0 9. Inland mama ............... .... _._ .... ..,.. _ ....._. ,395,016 _........... 449 .... ........ _395.465 10. Financial guaranty ........ ........... ...... ......... ......... .. __._ ......... ..... ........ .............. .0 11.1 Medicalprofesabnalliability - occurrence. .._...__., ....._,._ _.. 0 11.2 Medicalprofessnnatliability - dams-made . ........ ........ _... . _. ........... ..... ..._........ ........_.0 12. Eardpuake. ......... .. 0 13. Group accident and health.. ... ......... .............. ....... .... ...... ........... _.. ....... ... 0 14. Credit accident and health (group and individual) .... ........... ...__ ..... .............._. _...__.. ._..................... . .... ................... ...__..0 15. Other accidentand health ........... ......... ............ ............. ........ ........... ...........0 16. Workers'conlpensadorl.__......................................................... ..... ............ .....5.572.991 .........................1.842 . ........ ,......... _.__...._. ._.......... ........_........... . ..................5,574.833 17.1 Other Aatift - ocasrence ............ .._......__ ..... .... 1,876.490 ........... ........5,791 ......1.882.262 17.2 Other iabWy - dakroimade ..... ........................... ...... ............... . ,... ......................15.582 .................................. .............................. ......... .............. 15,582 17.3 Excess; workers'compensation ............ .......... ........................ .. .._. .... ....... ........_............ ........ .... ..................... . .... ..._---___--..... ........ ...,..... ........._ .................................0 18.1 Products 8abiily-ocau erne ......................................_........__ ...... ..................37.831 ......._..................610 ......... .......... ._38.441 18.2 Products liabWy - chino-roads ................... ....... ............ ............ . ..... ..........................._...... ...................... ............. ........_..._._............._ _................................. .........._..................... 0 19.1,19.2 Private passenger auloiabgiy ........ ................... .............. ..... .... ... .... ..._......... .23,068,753 ........ .... ................... . ..........__...._..,..... ........ ................. ......... ....... 23.068,753 19.3.19.4 Commercial auto kabWly ................................ ............ ............... ...... ................4 .618,538 ......._.................. ..... _ .... _..... _..... ..... __._. _................... ............ .................4.618.536 21. Auto physial damage .......................................................... 18,617,498 . 22. AsrnB (all pent)........... ..... 0 21 Fidelity... ........ ............... ..................21,285 ..........3.178 .__._... _._. ...................... .. .......... ..... _......24.464 24. Surely .............. .. ....... ........ .. ........... .... .._ ...... . _.............139,447 ........... 36,252 .............. ..............175,709 26. Burytryanditk ...... .. ......_---- .... _ ................ ...... _..... .... ....,............374 ......... ......374 27. _.... Boierandmachinery .... ............... ._.._.. _ .................... _......_.. .__.......0 28. Credt.._ .. ............. ........._.................. ...... ...... ........_ .... ......,.. ........ ...0 29. International ................ .......... .. ....... ........ ..... ...._. ............,... ................ ........ ................ ...0 30. Wananly.............. .........__.............._........................._..._.......... ....._ ......_........__............... ._..,..._.._......._........... ...................._......_..... ..................... .......... ............................_...0 31. Reinsurance -nonpropakonalassumed property ......_............ ..._ .. ............................236 ................................... .................................. .................... ............................236 32. Reinsraarra-narpraporsonalassumed liability. ...._ . ........ ..... ...__.....,...... ......... ........ ......_... ........ _.._.. .......... ..................._...._0 33. Reinsurance - nonproporionalassumedfnancialines .......... . ....... ............... __....__....... ..... ._...............___...... ......................._......._. ....._.........._._........ ..... .............._.........._.....0 34. Aggregate wn*nskxother Ones of business .......... 0 ............... ,.............. ,.0 ............................ ._.0 .,....... ..................... ..0 .................................0 35. TOTALS ...._ ..... ....... ...._.._....................................................... ...... __.........84,895.655 ........... 49,686 ................... -__0 .0 ...............84,945,341 36. Accrued retrospective PrerMrambased on experience .......... . ...._...................__............... ... ...................... ............... ...........,.._............,...__._............ ..................... ......................___......., 37. Famed txd unbiked premiums ............. ......... ..... ...... .. ........... 0 3401. ............................. .......... ............... ... ........ _.-__....0 3402 ..... ...... ............ ............ .. ........... ..... ........... _.. ........ .......... .. .. .... ........ ... .,......_. ..............0 3403 .... ... .......... _...,._...... ._ ._ ............ .. ......... ...... ...... ..._..... ........... ........... ............0 3498. Summary of remaining write-ins for Line 34 from 0wu8ow Page.... _ ..............................0 ...............................0 .........._....................0 ............ _.................. 0 _......0 3499. Toot Lines 3401 thm 3403 plus 3498 line 34 above............... ...................._........_0 ................................0 ....................._...__0 ...............................0 . ................................0 (a( Stale here dart of computation used in each case: monslry em-cram 7 Mrwal SlMemen lm"year2011ofine Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 18 • PREMIUMS WRITTEN Rama Assumed Renstrren ce Ceded 5 2 3 4 Net Premoume f 34ect 3 Written Business From From To T 0 (Cola. 1-2,3 Line of Business a Affiliates Non•Aftelse Affiliates Non-Affftles - 4 - 5 1 Fire..... 758,688 540.530 758.888 ,. _ 1,540,530 2 Allied lines ... ._ _ I 967250 729,580 967250 729,560 3. Famhowneremultiple ped. ._.._.. _... .... _...... ,........ a 4. Homeowners multiple pod 31,688,190 ..___46.283,588 .. 31,688290 46.283586 5. Commercial multiple PeM..,_ 52,027,509 27.411.122 51,831,430 196,079 27,411 122 6. Mortgage guaranty..... . _._ .__ 8. Ocean marine.... _...- _ D 9. Inland marine.. 848.528 _ _..1.061.401 648.528 . _. f . 061,401 10. Financial guaranty ...._ 0 11.1 Medical professional liability - occurrence_,._.._ .._.....? _.__. ____. _ ...._ __.__. _._... ___._ i._.. _.. .. D 11.2 Medical professional Ihblity - daims-made .. _ .. i _ _.. .... _. j _ _ _ r, 12. Earthquake......._.. _..._ _._ j .._. _._ ... .. ! _ 0 13. Group accident and heath..........._. __.._. .......I _.__... i ..__...._ __. __ __.. I _. _._ _0' 14. Credit accident and health (group and ndivi").... _. , a .. I 15. Oiler accident and health .... ...... .. . _ .. ...... _ 0 16. WorkMdconipenaeltort ...._....... e __...............22.885,803 ..._...14.208,093 ... ..... _..... .__.32 ....._..22.888.835 _.......14.208,093 17.1 O&wliability -occurrence ......... .......... ,..?_... _.6,214,478 .........5,073,100 _....._8.205.728 ._....__......8,750 5.073,100 17.2 Ott kabilly•claina-mida ........... ... 6.013 ..... _....... 20.785 6.013 _..___ .....,.._ __ .....20.765 17.3 Excess wdrkere' compensator...... _. i 0 18.1 Products liability- occerrencs ............ ._......_ _.. .......... ._._.....59.852 ._..__.._102.230 .......__._.59,652 ._..__.._.102,230 18.2 Products liability • chems ratle.......... ............ .E 0 19.1,19.2 Private passergarauto liability _.__...146488.883 .........57,339.690 ...... 145.119.666 ........1,369,197 57,339.690 19.3,19.4 Commercial autoltabilily ...._..38,688.397 __..,..11,947,935 __.....15.503.798 ....... 53,839.723 .,.._...__-,470 ,__...,.A1,947.935 21. Aulophysiceldsmaga.. 124,147,630 ...46,632.781 ._..._..___27.931 .__.124,175.561 46.632,781 22. Aircraft (all pens)......... ....__. __._ ____ .._.. ._... ._.._.._. _... ___._ __ L._. .. 0? 23. FideGry... 922.603 ..... 922.603 46,7041 24. Surety.... _. ._.? 6,117,424 330,252 ..,.6,117424 330,252 26. Burglary andtheft ........ ....__.__.. .._...._. .......__.? . ....620 ..,__..11,945 .__..,.._ ... _ _...._.620 27. Boiler end mecMnery ... ..........._. ___._.. ._.. ` ._ __... _.__.. _.. ._... .. _... ._.._... _....._. ,. .. __. _.. 0;. u 29. International .... ...._. _ 30. Warranty .. ..... 0 31. Reinsurance -nonproporlonal assumed gmperty .... ............. _....._XXX._. ... .__...............369 ...... .._....... ..........,_. _..__..... _. ..._ _,._...359j 32. Reinsurance - nonprrportolW assumed liabli ty...... ..., ._.._.. . _...... XXX... 6,600 ... 6.600 1f 33. Reinsurance - nonproporlbnel assumed 4harhdal Imes, ............... .......... _XXX... ...... ................, ...._,..__.. ............... __..... ._.... ...__. _._.0 34. Aggregate wrte-irafor other lines of business ........... _.0 ...... ................. 0 ......... ..... 0 .. 0 ........... ....0 ...... .. ........ 0 35. TOTALS ......................................................................................... ........433 470 212,735,338 15,531,759 .......448 48734 ..........21 4 2127 338 D" OF 3401, ... __ ..... 3402. 3401 ........... -- R 0 3498. Summary of remaining writs-ins for Line 34 from overflow page.. 0 0 ..... 0 0 0 0 3499. Total* Lines 3401 On 3403 DW34961 .......... 0 ................ ....0 ......._......_....0 ..._............0 ...._..............._0 ...........0 (a) Don the cempW9 dbed premknns writer, include premium recorded on an nstaemant bash? Yes[ ] No (X ) If yea: 1. The amoum of such nstdkneM prmnuma 5...._....0. 2. Amount et which such installment premiums would have been reported had they been recorded on an annualized bash 5...... _..0. 8 F- m_ Z W F- N W Z aO Q C7 Z_ 3 W O Z I I 0 J c ?a CL E 0 U m v C ?v N C m W a_ R g 9 R 9 F- W m W 11 W Z ZD Q z? 3? W O ? C CL E 0 v v c M L a c m .c w I s R E 10 AnwWSlaNnwrxfor"year2011orna Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 3 • EXPENSES 2 3 d other Loss Adjustment: Underanting Investment Expenses Expenses Ex see Total I . Claim adjustment services: 1 1 Direct ... .......... ... _....... 3.528.612 .,... ._.._13.528,612 12 Reinsurance assumed. ...... __ .. ............. .81656,903 ..... 8.656,903 13 Reinsurance coded..,. ......... _...__... 15405511 ..... _....... _ _._ ...... ... .......... ...............15405511 14 Not daimadjusbnentservices (1.1+1.2.1.3)......_. .......... _....__.6,780,004 .... .0 .__..........0 ..........._.....,_6.780,004 2. Commission and brokerage: 2.1 Owed. excluding contingent ................ .............. _...,.. ..__... ....._....__ ........ ....__...... _..50.786,458 ......... 50,786,456 2.2 Reinsurance assumed, excluding Cntingent..,........ 28,455,892 ........... ........ ......... 28.455,892 2.3 Reinsurance ceded, excluding contingent ....... ..... _.. .... _ ..... ......... . ......... ..52.004.793 .............. ......... 52,004,793 2.4 Continent-direct....... .............. ......... ....... .... ........ .......... ... 4,670,123 . ....... .__........ 4,678,123 2.5 Contingent - reinsurance assumed .... ............... ........ ... ...... ......... ..._....1,839,213 1.839.213 2.6 Contingent - reinsurance ceded ......... ............ ..._.......... ....... _..... ........ ..... ....... - 4,678,123 ........... ..... ....4.678,123 2.7 Policy and natrnbualip fees...................... . _........ . 2.8 Net commission and brokerage (2.1 + 2.2.2.3 + 2.4 + 2.5.2.6 + 2.1)........ .............................0 ...... ......... _ _ 29,076,188 _.................. ....... 0 .................19.076.768 3. Allowances tomanager aid agents ............. .............._. ..... __..... ....... .._.......... ........... ............. ...... ...... ......._........ __._....... ................. .......... .... .. ..........0 4. Advertising .............. .............. ................ ....... .....,._..... ........._......._13.632 .. ,........._._.817,683 ........... ....... ,..._831.315 5. Boards, buremaid associations ......... ................. ...... ............ .................... ............... ................... .....69,448 ........................454.883 ..._............. ........... ..... ........... ...... ......524,311 6. Surveys and underwriting reports. . .......... ._........... ........ _.............. ........... ........ ..........25.045 .............. 1.458,018 .......... 7. Audit ofaserrede'reoix ..... ..... .......... ........................ ............. ................................... .............. ........................ .......................190,196 .... . _.............. ............... ........... ,...... ......190,196 8. Salary and misted items: 8.1 Salaries ........................................ _............. ............................ ............_.............. ...... ,....... .....8.691,432 ........ .......... 10,062.093 ........... ............252.497 .................. 19,006.022 8.2 Psyrolltaxes ......................... ........... ............. ................. .......... ............ .... .......... .... ............... ..._....630,852 .....................,..719,391 ... ..___...............10.506 ........... .......... 1,369,749 9. Empbmrelations andwa6an .............._......,................ .......... .... ............ .... ......... .... ....... ..........2,384.024 .............. 2,689,694 ........................37.217 ........... ,......... 5,110.936 10. Insurance......... ..................... ...... ....... _................... ........ ........ .... . _ ............................. ................... ..... 82,096 .................... 81,286 ........... 6,318 .......................169.700 11. O recurs' fees ............................................................._..............,............... _ ....,......... .... ........_............................ .....................225.03 3 ...........,......................... ...........,..... .......225,033 12. Travel and travel dems ........... .................................. _.............. .......... .... ........................ 443,598 ..............._....531.503 ..........................5.765 ........................ 80,886 13. Rem andrent items .......................................................... .................. ,.............. .......... ..... ................... .....358,653 ............... ..... _.653.543 ......................... 4,809 ..__._........... 1,017.005 14. Eguipmeit ..................... ........ ....................................... ..................... .._..........._.............. .....,........ ..........209,036 .......... 418,577 .......... . ................. 3,370 ........... .............630,983 15. Cost or depreciation of EDP equipment and software ......._...... .... .......... ........_......... _ ... .... ................. 1.452.781 ..._...._..........1,867,584 .......................... 27,145 ..................... 3,347,494 16. Printing and statitnery ........... .......... ..... .................. ............... ................................... .. ..... .._................88,767 .............. 308,400 ............. .. .........19,047 ........................416.214 17. Postage, telephone and telegraph, exchange and express .......... ..... ........... ............... .......................382.008 ...._........._...,1,472.443 ..........................1.058 ... ...... ..........1,855,509 18. Legal ardauditig............................................ ................_......_..........................._... .......................330888 ............. 1.792,340 .- .......16,946 ....... .... ,....... _2140172 19. Totals (Lines 3to 18) ............... ............ ........ ....._......... _.......... .....__... ...............15,171,242 ........... -23,742,645 ...,................... 384,680 ....,..._.,... .... 39,298,566 20. Taxes, 'tenses and fees: 20. t Stab and local insurance taxes deducting guaranty association credits of $...43,831 ....... ........................ ................... ....... ..... .._..._ . .._.......... ..... .... .................. _ ............. ............... ... 4,602.060 ................._ ................... .... ,................ 4,602.060 20.2 Insurance department licenses and fees......................... ........... ................. .. 449,731 ...........365 .......... _...._450,096 20.3 Gross guaranty association assessrtbnb ............................... ...................._ ... . ....., 20.607 ........ ................. 20,607 20.4 AB other (excluding fed" and foreign income and real estate)....... ............ ..... ...........................4 950 ...... _........ _.....130 801 ............................105 ........... .............135 658 20.5 Total taxes, kcenses aM fee (20.1 + 20.2 + 20.3 + 20.4)..... _ ..... ....._..... .... _ . ....................... 4,950 ...... ...... ...... 5.203,200 . .........................470 ,........... ........5.208.619 21. Real eseeaexpenses ...._................. _ ............. ........ ........... ........ _.._ ..................... .................... 0 22. Real eabbtans ............................ . .. . ............ ...... ........._... 23. Reimbursements by unnsuredplane .......... ._......_. ......,.__ ...... .........._._... .. .... ,..... ,............ . ..... 0 24. Aggregate writs-ins for micellansousexpenses, ..................._..._.......,....__.__.............. ................... 1.637 ............. ........_.542144 .............0 .543781 25. Total expenses incurred ..................................................................................... ............. ....21,957,832 ......... ....... ..58.564,157 ......,,......_.......385 ,150 (a).............. 80,907,739 26. Lessurpaidexpenses - currentyear ................................. .... ..... .............. _._............. .... .............. 27.872,745 .............. 1,905,311 .......................39.558 ...................29,817,614 27. Add unpaid expenses - prior year .......... .......... ................................ ............. ....... ........... ... ........ ..........28.296.013 .............. ...... 1,822,051 ............. ............ 30,758 ...................30,148.823 28. Amounts receivable relating to uninsured plans, prior year.. ........... ...... ....._............... ..... ...,......... ........... ........... ... .............. ...,............ ___ .............. ....................... .......... ......................... 0 29. Amounts recaivable raising to uninsured plans, current year......... ................................. ...................................... ...................................... .............. ........................ ................ ............_.....0 30. TOTAL EXPENSES PAID (Lines 25 - 26 + 27 - 28 + 29) ..................................... ...................22.381.100 ...................58.481,498 .............. ......... 376,350 .......... ........81.238,947 nFTaa It no wern.rrut 2401. Miscellaneous Expense ......... ........ ...._. ................ ......__............... ..... ... ...........,....(4,872) .... ....... -542.094 .......... ....._.__..537,222 2402. Contributions- Charities- ....... ... ...... . ....... ......... ......__..... _......... ..... ........6,509 ._....__...... ._50 .................. ..... 6,559 2403. ..._ ........................... ...... .............. 2496. Summary of remaining write-ms for Line 24 from overflow page..................................... ........ ....._....................0 _.................0 ... .... .... ..................... 0 0 2499. Totals Lines 2401 hu 2403 plus 2498 Line 24 above ... ...... -0 ..._ .................1 637 542,144 .__.......... ........... 0 ...................543 543,781 (a) Includes management fees of $.....53,386.270 to affiliates and $..........0 to nonaMbates. 11 Annuel Sbte,nerexxthayear20110fft Erie Insurance Company EXHIBIT OF NET INVESTMENT INCOME 1 1 2 Collected Eaned Ou m Year Yea Uu 1 U S. governed bonds.... _ al 667,600 _ 548.371 t.1 Bonds exempt tromU.S.tax. (a(. 2070.502 2.059.811 1.2 Other bonds (unaffilteted). _ (a)._ _ '7929,345 8:094.235 1.3 Bonds ofaffilltae....._. a ), ( - 2.1 Preferred shocks (unaf8aeled) 282.146 i d l 62.146 _. _. 2.11 Prehrreddodrsda6ibtee.......,. (b). ... 2.2 Comilla dDcks(unaffbated)... I 2.21 Convw dodo of aliliahs _._. _.. _. _ . _. ... 1 1 Mort" bans 4. Rodesta. (d). 5. Contrectloans..._ 6. Cash, cash squirabnb and sfort4orm mvesenents (e) . 08.682 38:022 7. Deriplbeinstruments ...... ....., __ _.. ........ ____ _..__... ___.._.. .__ (f).. _..... __. _... . 8. Other invested assets 9. Aggregate w ibmins for nvestment income _ _ 9 520 1,520 10. Total mainvestment krcane ............. .............. . 22,057,795 .. ............. ......... _. 22,024,106 11. Inverimntexpenses ......................... ...... ....... _........ (9) .............. .._.._._384,860 12. Investment taxes, iansesland fees, excluding federal noometaxes... _.._. __...... .._,. _. _..._. (g) .......470 13. Inbred expereas ._.......... .......... .... _.... _._..... ._......... ._.... . _.......... ..__._._ _. _. _. .. ____.. (h)... _.__.. ...._... _.. 14. Depredation an real aside and olf»r Invested adeb.... (ll . _ 0 1 15. Aggregate vnill4m for deductlons from krvaaMM income. _.. ..... 0 16. Total dedwIlom (Lines 11 through 15) ... ............ _ ...,. 150 11. NdimrWrtaMnoix. LinotOmkowUnslB.......... ......... ......... ...... ...... ...................... . .. ........ 21 1)901. Mboelbneouslncana ..... .. . 7" 4 ' . . . I ' , . 7,520 ...............,__._.0,520 0902 ........... . _ _......... T D903 . ........... . . . . .... 0996. Summery of rernarg wf*** for Line 9 from overflow pegs . ..... . . 0 0 090, T 1 0003 AA ow N11110 0 411010111) .............. ........................_.........._.................._........................._... 7520 520 1501 ............... 1502 ... ............ ._......... .. I 1503. ......... ....._..__,. ..........__ .._........ ....__ 1596. Summery of remaining wrrlrne for Line 15 from overiow papa....... . _ ................ D 1599. T 150 dao IW3 OA 1 Is stim), (a) to k bas.....550,894wasedof dbmuAless & ..1,775, 195empriaManof pnmkmandless S ..517.331 paid foracauediNereetanWoha es. (b) Include S..........0 acme' of dbaaait by S..........0 mnorilluli n of preeiunr and Ips 5..........0 pad for wart ad dkddenda on purdnapa (c) Includes S..........0 acauai of diemud km 5..........0 anallpalbn of premAm and bee $..........0 paid for acwtald I its on pnadmm (d) Includes S..........0 for com;" oooupmq of ft own blrilt9rga; and exdudes $.._......0 inbred on emanOnnoss. (a) Indudes S..........0 awud of dbcwd by $.....176,732 atsort4atlon of preraltan and Ipa $.....32,580 pad br accrued nbred on gnrchasp. (1) Includes S..........0 accrud of dbcaart Was $..........0 amortratlon of premkm. (g) Includes 3 ..........0lnv"gwd expersas and $..........0 irvedment to ft ioptasa and fee. excluding federal Moans taxae, aWbAMW to Segregated and Stipends Amomls, (h) Indudsa $..........0 inbred an surpiU notes and $..........0 Inbred on apfed notes. (f) Indtdo S..........0 depredation On red slob aid S.......... depreciation on other Invested asses. EXHIBIT OF CAPITAL GAINS (LOSSES 1 2 3 4 5 Reakced Change in Gain (Loss) Otter Total Realized Change in Urxedsed an Sales Realized Capital Gain (Lop) Urxeaited Fordgrn F.xd" or 1 L U.S. government bonds... .....................__....._...._....,................ .....................498,082 ...... ............... 4WW 1.1 Bonds exempt from U.S.tax ..... ... (65.559) ..(65.559) 1.2 Other bonds(una8rded) ............... ....... ....... ........ 4.457.281 _... .... _. ..... ............ _. ..... ..... .... _4,457.261 . ........ ..........(88.053) . ....... 1.3 Bondsof sIlibtes .......... .......... . . . _ . _.. .... . .... ...... .... ...... ........ .......0 ... .. ........... . 2.1 Prefemdsbcls(umMkbd) 2,030,927 ..._ _...,.. 2.030.927 .. ...__.(253.461) . ....... 2.11 Preferred shocks of aMiaW .0 2.2 Comnonekxita(unaBNabd) .....,_._... _._... 2.21 Common docks ofdllaM ............. ...... ..........__....,..... ............ ........_......... 0 .....423,976 3. Mori" lams................ ............ ..... ..... .......--_.0 4. Real edde .............. ............ ....._. ....... .,.,............. .._..._........ ........ ..... .... 0 . ............. ...__ , ..,.._ 5. Contradioms ............ ........... ......... ...... ....... ........ . ..... 0 6. Cash, afh egalvalerrb and short-harm nveseroMs ......... 7. DefKvMirroinanenb ................... ... ........ _.......... ...... ... ..... ...... ..... _..... ....... 0 _ ...... . ..._... 8. Omer b"ded aspb ......................... 9. Aggregate wsib4- for capital gains ([a-) 542 10. T ..111110M Claimed ... ........................................_......,....... .. ................ 6.921,272 . ... ........ ............_ , 1.921 . 0901. Mboeianeous Capital Gan ............. ........... .. ..... ............. ,.542 .542 ... . 0902 . .............. .._.... ......._. 0903 _ ................. ............... 0998. Summary of remaining wntwsforLine 9from overeowpage . 0 .._.0 _.D 0 D 0999. Total (Lines 09018su0903 Oo 0990) Lirre9abow.. __..........._........542 ..._ .......... ...tl _____.............._.542 ... .. .....____._.....0 . ...._.. 12 Amulet Steremerxfmteyear2011offt Erie Insurance Company tAMIt311 Ult NUNAUMI I I EU A55E15 1 2 3 Current Year Prior Year Change in Total Total Total Nonedsmilled Asset 1. Bonds (Schedule D) .... ......... ._. D 2. Stocks (Schedule D): 2.1 Preferred stocks........... ............. 22 Common stocks......... ._........... 0 3. Mortgage bans on real estate (Schedule B): 3.1 Fist liens ............... ............_.._ 3.2 Other than first liens...... ...._ .... ... ...__ 4 Real estate (Schedule A): 4.1 Properties occupied by the company... 42 Properties held for the production of norms............ .... . _ ... _ _... 0 4.3 Properties held for sale .............. . 5. Cash (Schedule E-Part 1), cash equivalents (Schedule E-Part 2) and shat-bnnnvestrrenb(Schedule DA)... ... _ ....................._..... .... ...,.... .......... .. ...._ _........ .. .,.......... ....... __..... ........_.. ..._... ... ....... .....,..._ ....,._...._..0 6. Contract bens .... ... ....... .......... _... .. .... ......... 0 7. Denvatlvss(Schedule DB)._ ..... ................ . ............ ...... .............. _.........,.... .. ....,. ..._.._.... ............. ........ ....._... ......... .... ........... .... ..-.0 8. Other invested assets (Schedulb BA) .. ............ . ..... ........ ...... ..... ...... .. ....... ... .................. 9. Recefvablesfor securities ....... ............_ ..........._.. ............. ........ __... .. ....... _...................... 10. Sec offs, lending reinvested collateral assets (Schedule DL) ............ .. .... ............ ................ . ..... .. _. _ .......... ......... ............ .......... . . ............0 11. Aggregate wfb-ke for invested assets ......... ................. ......... ............. . .......... ............... 0 . ..... ... ....0 12. Subtetele,cash and invaslsd auto (Lnes t to 11)......._ .... _ ................ ... ......... ........._..._ .....0 ........ ... .... .._.._................. 0 ...... 0 13. .. Title plards(for Tide inturenonly) ............ . ..................... ............................ . .._...._. .......... ........,........... . .....___.... ..... ...... _.., ........ .....,.. ... ... .. _..._...0 14. Investment ncomedueandaanwd .......... ...... .. . ......... ....._..._... ..... . ....__... ............. ...... .__... _.............,.. ...... ....... ....,... .............0 15. Premiums and coreidsratore: 15.1 Uncollected prsrnkansand! agents' balancesin the course otcollection ...................... . ...... ......._................... .462,408 ............._ ...._._.__._....278,788 ............... ............... (183,622) 15.2 Deterred prarn a s, agent' batences and nstallmeMS booked but deferred and not yet do .............. .............. ............ .................. ....... ..... ........................... ...... ........ ..__............................. __._..,..... . _.._....__................... .............. .................................0 15.3 Accrued rebospecivepremurns...... ... .............. ....... ........ .. ...... 16. Remittance: 16.1 Amounts recoverabkh imrensurers... .......... .............. ................... . ........ .._..._.............. ...............0 162 FwMshold byordepostledwith ransureedcompanies ............. ._........ ...... ............ ........ .... . .................................... ........ __...--.__ ..............._.............. ... .............. ..... ................... .......0 16 3 Olhw amounts receivable under reinsurance contracts .............. .... ....... 0 17. Amounts recefvablerd"touninsured plans ...................... ............. ..... .............................. ...... ............................................ _....... ..... . _.........._.................... .............. ..........................._....0 16.1 Current federeIandforeign income taxrecoverable and interest lhereon..........._ .................. ...... . ....... ........ ........................._ ......... ...... _...__..__............. ....... ............ . ....... ..................._.....0 18.2 Nsldelinedtaxaeeel ......................... ................... ..................... ....._................................... . .......................... 7,031,695 .... ...... ..... ..... _._.__...8.997.544 ............... .................1.965,849 . 19. Guar" hags rerxti "or on deposit...... ............ 20. EbcYaMCdateprocessing equipmaMandsoftware ............ .......... ...... _....... ........ ......_.. .... ...... ........ .. .................. .................0 21. Furniture and equorsntndudnghealth care delivery assets.. . ....._. ...... ._.... ,.. .............. ._............. ......_...._0 22. Neta*mkr rdnassets and Nabilitbsdue to foreign exchange rates ........ .............. ...... ..___. .............. ..... _. ...._................ .. .,..... ........... ...............0 23. Receivables from paarrt, subsidbdss and aMBetes........... 24. Health cam and other amounts receivabb...... ................... . ... _........... ......... 25. Aggregate write-ins for other than invested assets ................ ........................................... .. _.. ..... .... ...................... 9 261 ............. ..................... 707 .............. ..........................8 554 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Celt Accounts (Lines 12 through 25) ..... .....................7,484,842 ..............9,275.623 ...... ....... ....._.....1,790.781 27. From Separate Accounts, Segregated Accounts and Protected Call Accounts ..................... . .............. ............._..................0 28 TOTALS (Lines 26 and 27). ........ _............. .............. ............ ...... .................................. ..... ..,....... ...... ,..... ......7,464,842 ..._........ _............... ... ............... ...................1.790,781 1101. ......._....,........ 1102 .. .... .........._ ... ........... ..._.......... ............0 1103, - ............... .. ........... .... ... ...... . ............ .............. ,..... . _..................0 1198. Summary d remaining write-ins for Line 11 from overflow page ... ......... .............. ............ ............ ...._..0 . ........0 .... ....... ........ 0 1199. Totals Lines 1101 Nru 1103 plus 1198 Line 11 above ... ......_._........ .......... ........ ...... ........ ..... ..................0 .__.. ... ............. ..........0 ... ..... ....,.., ................0 2501. VA Premium TaxCorrection .. ........... ........ ........... .. .... ...._............... .....__........ .... .. ................... .......(9.261) ........ _. .___._...,..._....(707) ... _... ......._.8.554 2502. ... ..._ ................. ..................... .... __...... _........._...__... .. .................. .. ..... ....... -- -0 2503. .......... ............ ............ .._.........., ..................... ............ .......................... 0 12598. Summary of remaining writeinsfor Lim 25from overflow page ..... ...... ................. .............. ......... ......_......... _0 _.. ....._.................... 0 ....... ........._.....0 13 nn-i5tWern4ehxmeyex2oltAM$ Erie Insurance Company SCHEDULE E - PART 1- CASH 1 2 3 4 ? amwx d AmxnH d '' ?'ore ? In;xeel j -?,xat AtcmeO I 11 al 0 e GcOe n erect ? Oumq vex _.`.. - w es1C Yer 9aiana ' 08m Oeoce tmwe PNC6/x _ Prlsburgh WA 15222. 11A 1232361) %XX Opw X 0199866 Taal - a . kXX xxx - I - ?, O I U " (232?78Q I X%x ; ,0389666. TaW Cash On XXX. r XX%.. 0? 0 (232361) X%% 1 0588666 To*C"tl .. 1 XXX X)(X . . 0 0 1232.]611 X%X 1+ January .. ...(63.882) {April .... 1'0280) 7 July.._..... .. .. ..(2.175)10.Ocw. 1237,883) 2. Fe5nary ,59x1 5 May ....151.8621 5. AUpas..., (•81,0451 11. No1amyx ... .. y72M 3. March {66 ...113.6581 5 June 126 8701 9 9eptem5x 2390) 17 Do-Mw 1 '23Z3811 E25 AnmASr0eewa1aerrer1o110l" Erie Insurance Company SCHEDULE D - SUMMARY BY COUNTRY Long-Term Bonds and Stocks OWNED December 31 of Current Year 1 2 3 4 BODWAdjused Per Vase Desamb on camono V" Fair valto Ac" Coal of Bonds BONDS 1. United States ..... ,_.... 5.202.383 _ 5,835.895 4,678,315 .. _............... .5.197.000 Govemmene(Inckidingas obligations 2. Canada............_ _ ... ........... ....,..._.. .. ___._ _._.. _.__.._.._._..._._.... .............. _........ guaranteed by governments) 3. Odiar ountnse.......... _ ........... 4. Totals . .......... .. 5.202383 .... ........._....5.835699 4.678315 ....................5197 U.S. Stain, Territories; and Possessions U S. Polftel Subdi0sions of States. Tembries and Poase (Direct ard auventeeM 6. Totals ....._..... ...... ...... ,._ ..... .....................9315957 .................10251921 9572474 _.............. _6910000 U S. Special Revenw and SpKiW Assessment otilotian and A9 Non-Guaranteed obligations of Agenaas and Authorities of Governments Sdustnas rid Mi eted??sand Hybdd 1 8. Ca United Staf ................._ I ..... ....309,619.286 1. ................ 328,342,498 1 ..........311,071,689 1 ...308.185.515 8.028,010 .. ...... -.8,94 7,870 ..... _.. 8.032.250 . . ........ 8.000,000 IndisMdandMiacslansous(Una89Yted) 115. Canada . ......................I..........._......14.OOJ.9551 14,190.5801 .._ 13970,825 COMMON STOCKS Industrial and MisceSansous(Unaffiliated) 20. United Stain ........................ 21. Canada ................................. 22. Other Counein .................... ..........._.._................,.._. ......................................... ............_ ....._................ ...............................__.._.. ......._...... .... _........... ..... .... ..__......._....._..... .......... 23. TotaN .........................._...._. ..............._.....................0 ...................................0 ..................... .............. ..0 Parent Si bafthis and ANlales 24. Totals. ................................... .....................20 229 382 ....................20 229 382 .............. ..,..... .7135 463 25. Total 3toeks ....... .....................20 229 352 .......... ...........20 229 362 -1131,40 25. Toth Ssosb .._...__...__ .. ....................35 851572 .....................36 036194 .....................22 789 466 27. Total Bonds and Stocks- ..................463.996.807 ...................488.466,589 ....,..............452.896,204 S104