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Home My WebLink About14-2883 Pa 49 OF THE PPDTI-I0IW1'V MONWEALTH OF PENNSYLVANIA O�;orykE'(THOF PE�N�+vP2 2 �a ' p� ' 1 INSURANCE DEPARTMENT CUMBERLAND COUNTY PENNSYLVANIA Harrisburg, PA April 1,2014 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, 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 18. O1' ol r,i e Ins. P#3o s 76 PROPERTY AND CASUALTY COMPANIES-ASSOCIATION EDITION I'II IIII I II II I I II IIII IIII'lII IIII IIII IIII IIII IIII'lll'III IIII'll'I I . 2 e 2 e s 2 A 1 s 2 D 1 !) n 1 0 A . ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER 31,2013 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 (P (Current Period) rior 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 (Street 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 Erie 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.erieinsumnce.com Statutory Statement Contact Gregory John Gutting 814-870-2000 x4201 (Name) (Area Code)(Telephone Number)(Extension) Gregorv.Guttint=_Atrieinsurance.com 814-870-4040 (E-Mail Address) (Area Code)(Fax Number) DIRECTORS Richard Francis Burt,Jr.# Terrence William Cavanaugh Marcia Ann Dal] George David Dufala Thomas Bailey Hagen,Chairman Robert Coleman Ingram,1114 John Francis Kearns Sean Joseph McLaughlin# EXECUTIVE OFFICERS President&Chief Executive Officer: Terrence William Cavanaugh Executive Vice President& Executive Vice President, Chief Financial Officer: Marcia Ann Dall Secretary&General Counsel: Sean Joseph McLang lin# Executive Vice President: John Francis Kearns Executive Vice President& Executive Vice President: George David Dufala Chief Information Officer: Robert Coleman Ingram,III Executive Vice President: Richard Francis Burt,Jr. ...................................................... Senior Vice President&Controller: Gregory John Gutting Senior Vice President&Chief Actuary: Bradley Clay Eastwood# Senior Vice President&Chief Investment Officer: Bradley G.Postema Vice President&Treasurer: Robert Wayne McNutt State of Pennsylvania / SS County of Erie / The officers of this reporting entity being duly sworn,each depose and say that they are 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 clear from any liens or claims thereon, except as 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 liabilities 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 period 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 includes 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. Terrence William Cavunauph Scan Jo ph&lc! ghhn#.Cxeeuiive Viev Niarcta Ann D¢ll,Exccuuve\icc President&CIA Ptesidmi,Secretary&General Cuumcl P icitdcou&171=0 OF PF SY VAN Is this an ongmal f!Itng't Vcs{A) No{ t Suhscabtxl and snom to before ttu this Mt�HIW Notanai`tea! lb If rur(r) Stale uta airwndna:m aumbcr 24" ¢yof Fehru¢ry,2014 CelhennC 1.Muga.!iari3'pubnt (u) D¢Ic rtkd t:xq of Ero.tn:Cvun!y (m) Number oftutges au¢ched, My'Comndssron E+pure-t•imcit 27,2D 17 �._. __ _`�� nenat:� rt arsvivtnu tssrrun;.0 m uc r:+rr_ti Annual Statement for the year 2013 ofthe Erie Insurance Company • ASSETS Current Year Prior Year 1 2 3 4 Net Admitted Nonadmitted Assets Net Assets Assets Cols.t-2 Admitted Assets 1. Bonds(Schedule D)........................................................................................................... ..............468,413,728 .................................... ..............468,413.728 ..............442,643,493 2. Stocks(Schedule D): 2.1 Preferred stocks....................................................................................................... .................20,121,434 .................................... .................20,121,434 .................17,487,524 2.2 Common stocks....................................................................................................... .................22,020,707 .................................... .................22,020,707 .................20.719,108 3. Mortgage bans on real estate(Schedule B): 3.1 First hens.................................................................................................................. .................................... .................................... .................................0 .................................... 3.2 Other than first liens................................................................................................. .................................... .................................... .................................0 .................................... 4. Real estate(Schedule A): 4.1 Properties occupied by the company(less$..........0 encumbrances)........................................................................................................ .................................... .................................... .................................0 .................................... 4.2 Properties hell for the production of income(lass$•••••••••.0 encumbrances)........................................................................................................ .................................... .................................... .................................0 .................................... 4.3 Properties held for sale(less$..........0 encumbrances).......................................... .................................... .................................... .................................0 .................................... 5. Cash($.....(4,200),Schedule E-Pad 1),cash equivalents($•••••••••.0, Schedule E-Pert 2)and short-term Investments($••••.16,579,714,Schedule DA)........... .................16,575,514 .................................... .................16,575,514 .................17,412,845 6. Contract bans(including$..........0 premium notes).......................................................... .................................... .................................... .................................0 .................................... 7. Derivatives(Schedule DB)................................................................................................. .................................... .................................... .................................0 .................................... 8. Other invested assets(Schedule BA)................................................................................ .................................... .................................... .................................0 .................................... 9. Receivables for securities.................................................................................................. ..........................9,657 .................................... ..........................9,657 ..........................1,798 10. Securities lending reinvested collateral assets(Schedule DL)......................................... .................................... .................................... .................................0 .................................... 11. Aggregate write-iru for invested assets............................................................................. .................................0 .................................0 .................................0 .................................0 12. Subtotals,cash and invested assets(Lines i to 11)......................................................... ..............527,141,041 .................................0 ..............527,141,041 ..............498,264,768 13. Title plants less$..........0 charged off(for Title insurers only)........................................... .................................... .................................... .................................0 .................................... 14. Investment income due and accrued................................................................................. ...................5,477,480 .................................... ...................5,477,480 ...................5,252,554 15. Premiums and considerations: 15.1 Uncollected premiums and agents'balances in the course of collection............... .................32,527,421 ......................833,858 .................31,693,583 .................27,606,635 15.2 Deferred premiums,agents'balances and installments booked but deferred and not yet due(including$..........0 earned but unbifled premiums)...................... ..............200,825,076 .................................... ..............200,825,076 ..............175,903,431 15.3 Accrued retrospective premiums............................................................................. .................................... .................................... .................................0 .................................... 16. Reinsurance: 16.1 Amounts recoverable from reinsurers..................................................................... ........................17.980 .................................... ........................17,980 ..........................4,593 16.2 Funds held by ordeposited with reinsured companies........................................... ......................628,003 .................................... ......................628,003 ......................927,366 16.3 Other amounts receivable under reinsurance contracts......................................... .................................... .................................... .................................0 .................................... 17. Amounts receivable relating to uninsured plans................................................................ .................................... .................................... .................................0 .................................... 18.1 Current federal and foreign income tax recoverable and interest thereon....................... ......................240,045 .................................... ......................240,045 .................................... 18.2 Net deferred tax asset....................................................................................................... ...................8,193,084 ...................2,955,716 ...................5,237,368. ...................5,152.677 19. Guaranty funds receivable or on deposit.......................................................................... .................................... .................................0 20. Electronic data processing equipment and software......................................................... .................................... .................................... .................................0 .................................... 21. Furniture and equipment including health care delivery assets($..........0)..................... .................................... .....I.............................. .................................0 .................................... 22. Net adjustment in assets and liabilities due to foreign exchange rates............................ .................................... .................................... .................................0 .................................... 23. Receivables from parent subsidiaries and affiliates......................................................... ......................375,461 .................................... ......................375,461 .................................... 24. Health care($..........0)and other amounts receivable...................................................... .................................... .................................... .................................0 .................................... 25. Aggregate write-insfor other than invested assets........................................................... ......................1497681.................................0 ......................149768 1......................152647 26. Total assets excluding Separate Accounts,Segregated Accounts and Protected Cell Accounts(Lines 12 to 25)........................................................................................... ..............775,575.359 ...................3,789,574 ..............771,785,785 ..............713,264,671 27. Fmm Separate Accounts,Segregated Accounts and Protected Cell Accounts............... .................................... .................................... .................................0 .................................... 28. TOTALS(Lines 26 and 2T)................................................................................................I..............775.575,359 ...................3,789,574 ..............771,785.785 ..............713,264,671 DETAILS OF WRITE-INS 1101............................................................................................................................................. .................................... .................................... .................................0 .................................... 1102............................................................................................................................................. .................................... .................................... .................................0 .................................... 1103............................................................................................................................................. ..............I..................... ..................I................. .................................0 .................................... 1198.Summary of remaining write-ins for Line 11 from overflow page...................................... .................................0 0 0 0 1199.Totals Lines 1101 thru 1103 p lus 1198 Line 11 above................................................ .................................0 .................................0 .................................0 .................................0 2501.Premium Tax Credits.......................................................................................................... ........................93,874 .................................... ........................93,874 ......................122,353 2502.Equities and Deposits in Pools and Associations.............................................................. ........................47,621 .................................... ........................47,621 ........................18,345 2503.Other Accounts Receivable................................................................................................ ..........................8,272 .................................... ..........................8,272 ........................11,949 ....... 2598.Summary of remaining write-ins for Line 25 from overflow page............................... .................................0 .................................0 .................................0 .................................0 2599.Totals Lines 2501 thru 2503 plus 2598 Line 25 above................................................ ......................149.768 .................................0 ......................149,768 ......................152.647 2 Annual Statement for the year 2013 of the Erie Insurance Company LIABILITIES SURPLUS AND OTHER FUNDS 2 Current Year Prior Year 1. Losses(Part 2A,Line 35,Column 8)..................................................................................................................................................... ...................148,613,769 ...................143,411,845 2. Reinsurance payable on paid losses and loss adjustment expenses(Schedule F,Part 1,Column 6)............................................... ............................73,176 ............................73,122 3. Loss adjustment expenses(Part 2A,Line 35,Column 9)..................................................................................................................... .....................30,927,416 .....................28,888,928 4. Commissions payable,contingent commissions and other similar charges......................................................................................... ......................................... ......................................... 5. Other expenses(excluding taxes,licenses and fees)........................................................................................................................... ..........................135.406 ............................86,465 6. Taxes,licenses and fees(excluding federal and foreign Income taxes)............................................................................................... .......................2,324,946 .......................2,228,884 7.1 Current federal and foreign income taxes(including$..........0 on realized capital gains(losses))...................................................... ......................................... .......................1,285,397 7.2 Net deferred tax liability.......................................................................................................................................................................... ......................................... ............I............................ 8. Borrowed money$..........0 and interest thereon$..........0.................................................................................................................... ......................................... ......................................... 9. Unearned premiums(Part 1A,Line 38,Column 5)(after deducting unearned premiums for ceded reinsurance of $.....346,662,410 and including warranty reserves of$••.••••••.0 and accrued accident and health experience rating refunds including$..........0 for medical loss ratio rebate per the Public Health Service Act)............................................................................. ...................102,259,616 .....................92.435,678 10. Advance premium................................................................................................................................................................................... .......................2,058221 .......................1,749,549 11. Dividends declared and unpaid: 11.1 Stockholders................................................................................................................................................................................... ...................................... ................................... 11.2 Policyholders.................................................................................................................................................................................. ..........................254,835 ..........................216,896 12. Ceded reinsurance premiums payable(net of ceding commissions)................................................................................................... ...................174,565,986 ...................150,487,606 13. Funds heft by company under reinsurance treaties(Schedule F,Part 3,Column 19)........................................................................ ..........................513.056 ..........................797,402 14. Amounts withheld or retained by company for account of others......................................................................................................... ..........................403,224 ..........................303,707 15. Remittances and items not allocated..................................................................................................................................................... ..........................192,542 ..........................200,192 16. Provision for reinsurance(including$...........0 certified)(Schedule F,Part 8)...................................................................................... ......................................... ......................................... 17. Net adjustments in assets and liabilities due to foreign exchange rates............................................................................................... ......................................... ......................................... 18. Drafts outstanding.................................................................................................................................................................................. ...................................... ................................... 19. Payable to parent subsidiaries and a(fiflates........................................................................................................................................ .....................15,015.751 .....................14,677,393 20. Derivatives.............................................................................................................................................................................................. ......................................... ......................................... 21. Payable for securities............................................................................................................................................................................. ......................................... ......................................... 22. Payable for securities lending................................................................................................................................................................ ......................................... ......................................... 23. Liability for amounts held under uninsured plans.................................................................................................................................. ......................................... ......................................... 24. Capital notes$...........0 and Interest thereon$..........0.......................................................................................................................... ......................................... ......................................... 25. Aggregate write-ins for liabilities............................................................................................................................................................ ......................................0 ......................................0 26. Total liabilities excluding protected cell liabilities(Lines 1 through 25)................................................................................................. ...................477,337,944 ...................436,843,043 27. Protected cell fiabifities........................................................................................................................................................................... ......................................... ......................................... 28. Total liabilities(Lines 26 and 27)............................................................................................................................................................ ...................477.337944 ...................436.M.043 29. Aggregate write-Ins for special surplus funds........................................................................................................................................ ......................................0 ......................................0 30. Common capital stock............................................................................................................................................................................ .......................2,350,000 .......................2,350.000 31. Preferred capital stock............................................................................................................................................................................ ......................................... ......................................... 32. Aggregate write-ins for other than special surplus funds...................................................................................................................... ......................................0 ......................................0 33. Surplus notes.......................................................................................................................................................................................... ......................................... ......................................... 34. Gross paid in and contributed surplus................................................................................................................................................... .....................81,482,000 .....................81,482,000 35. Unassigned funds(surplus).................................................................................................................................................................... ...................210.615.841 ...................192,589,628 36. Less treasury stock,at cost 36.1 ..........0.000 shares common(value included in Line 30 $..........0)............................................................................................ ......................................... ......................................... 36.2..........0.000 shares preferred(value included in Line 31 $..........0)........................................................................................... ......................................... ......................................... 37. Surplus as regards policyholders(Lines 29 to 35,less 36)(Page 4,Line 39)...................................................................................... ...................294447 641 ...................276 421 628 38. TOTALS(Page 2,Line 28,Col.3)......................................................................................................................................................... ...................771.785,785 ...................713264.671 DETAILS OF WRrrE-INS 2501. ................................................................................................................................................................................................................ ......................................... ......................................... 2502. ....................................................................................................................................................................... ......................................... ......................................... ......................................... 2503. ................................................................................................................................................................................................................ ......................................... ......................................... 2598. Summary of remaining write-ins for Line 25 from overflow page.......................................................................................................... ......................................0 ......................................0 2599. Totals Lines 2501 thru 2503 plus 2598 Line 25 above..................................................................................................................... ......................................0 ......................................0 2901. ................................................................................................................................................................................................................ . 2902. ................................................................................................................................................................................................................ ......................................... . ........................................ 2903. ................................................................................................................................................................................................................ ......................................... ......................................... 2998. Summary of remaining write-ins for Line 29 from overflow page.......................................................................................................... ......................................0 ......................................0 2999. Totals Lines 2901 thm 2903 plus 2998 Line 29 above..................................................................................................................... ......................................0 ......................................0 3201. ................................................................................................................................................................................................................ ......................................... . ........................................ 3202. ................................................................................................................................................................................................................ ......................................... ......................................... 3203. ................................................................................................................................................................................................................ ......................................... ......................................... 3298. Summery of remaining write-ins for Line 32 from overflow page.......................................................................................................... ......................................0 ......................................0 3299. Totals Lines 3201 thro 3203 plus 3298 Line 32 above..................................................................................................................... ......................................0 ......................................0 3 Annual Statement for the year 2013 of the Erie Insurance Company STATEMENT OF INCOME UNDERWRITING INCOME 2 Current Year Por Year 1. Premiums earned(Part 1,Line 35,Column 4)............................................................................................................................ .......................242,434,797 .......................222,633,437 DEDUCTIONS 2. Losses incurred(Part 2,Line 35,Column 7)............................................................................................................................... .......................142,389,336 .......................145,084,993 3. Loss adjustment expenses incurred(Part 3,Line 25,Column 1)............................................................................................... .........................25,847,616 .........................24,148,316 4. Other underwriting expenses incurred(Pad 3,Lone 25,Column 2)............................................................................................ .........................69,607,582 .........................63,700,291 5. Aggregate write-ins for underwriting deductions......................................................................................................................... ..............................171789 ..............................136,805 6. Total underwriting deductions(Lines 2 through 5)...................................................................................................................... .......................238,016,324 .......................233,070,404 7. Net income of protected cells....................................................................................................................................................... ............................................. ............................................. 8. Net underwriting gain(loss)(Line 1 minus Line 6 plus Line 7)................................................................................................... ...........................4,418,473 ........................(10.436,967) INVESTMENT INCOME 9. Net investment income earned(Exhibit of Net Investment Income,Line 17)............................................................................. .........................19,638,767 .........................21,105,474 10. Net realized capital gams(losses)less capital gains tax of$.....37,313(Exhibit of Capital Gains(Losses))............................. ..............................694.464 ...........................4.809.233 11. Net investment gain(loss)(Lines 9+10).................................................................................................................................... .........................20,333,230 .........................25,914,706 OTHER INCOME 12. Net gain(loss)from agents'orpremium balances charged off(amount recovered$.....3,327,338 amountcharged off$.....4,646,687)............................................................................................................................................ ..........................(1,319.349) ..........................(1,046,289) 13. Finance and service charges not included in premiums............................................................................................................. ............................................. ............................................. 14. Aggregate write-ins for miscellaneous income............................................................................................................................ ................................32,057 ................................63,751 15. Total other income(Lines 12 through 14).................................................................................................................................... ..........................1287 292 .............................(982,538) 16. Net income before dividends to policyholders,after capital gains tax and before all other federal and foreign incometaxes(Lines 8+11+15)................................................................................................................................................. .........................23.464,411 .........................14,495,201 17. Dividends to policyholders............................................................................................................................................................ ..............................306351 ..............................204426 18. Net income,after dividends to policyholders,after capital gains tax and before all other federal and foreign incometaxes(Line 16 minus Line 17)......................................................................................................................................... .........................23,158,060 .........................14,290,775 19. Federal and foreign Income taxes incurred................................................................................................................................. ...........................6,022.350 ..............................452 577 20. Net income(Line 18 minus Line 19)(to Line 221......................................................................................................................... .........................17,135,711 .........................13,838,198 CAPITAL AND SURPLUS ACCOUNT 21. Surplus as regards policyholders,December 31 prior year(Page 4,Line 39,Column 2)......................................................... .......................276,421,628 .......................260,012,301 22. Net income(from Line 20)............................................................................................................................................................ .........................17,135,711 .........................13,838,198 23. Net transfers(to)from Protected Cell accounts........................................................................................................................... ............................................. ............................................. 24. Change in net unrealized capital gains or(losses)less capital gains tax of$.....(174,882)....................................................... ..............................976,815 ..............................900.438 25. Change in net unrealized foreign exchange capital gam(loss)................................................................................................... ............................................. ............................................. 26. Change in net deferred income tax.............................................................................................................................................. .............................(760,967) ..........................(1,359,184) 27. Change in nonadmitted assets(Exhibit of Nonadrrrilted Assets,Line 28,Column 3)................................................................ ..............................674,654 ...........................3,029,874 28. Change in provision for reinsurance(Page 3,Line 16,Column 2 minus Column 1).................................................................. ............................................. ............................................. 29. Change in surplus notes............................................................................................................................................................... ............................................. ............................................. 30. Surplus(contributed to)withdrawn from protected cells.............................................................................................................. ............................................. ............................................. 31. Cumulative effect of changes in arxnurding principles................................................................................................................ ............................................. ............................................. 32. Capital changes: 32.1 Paidin.................................................................................................................................................................................. ............................................. ............................................. 32.2 Transferred from surplus(Stock Dividend)......................................................................................................................... ............................................. ............................................. 32.3 Transferred to surplus......................................................................................................................................................... ............................................. ............................................. 33. Surplus adjustments: 33.1 Paid in.................................................................................................................................................................................. ............................................. . ............................................ 33.2 Transferred to capital(Stock Dividend)............................................................................................................................... ............................................. ............................................. 33.3.Transferred fmmcapital..................................................................................................................................................... ............................................. ............................................. 34. Net remittances from or(to)Home Office.................................................................................................................................... ............................................. ............................................. 35. Dividends to stockholders............................................................................................................................................................. ............................................. ............................................. 36. Change in treasury stock(Page 3,Lines 36.1 and 36.2.Column 2 minus Colurm 1)............................................................... ............................................. ............................................. 37. Aggregate write-ins for gains and losses in surplus.................................................................................................................... ..........................................0 ..........................................0 38. Change in surplus as regards policyholders for the year(Lines 22 through 37)........................................................................ .........................18 026 213 .........................16 409 327 39. Surplus as regards policyholders,December 31 current year(Line 21 plus Lane 38)(Page 3,Line 37)................................... .......................294,447,841276,421,628 ....................... DETAILS OF WRITE-INS 0501. LAD Program Expense................................................................................................................................................................. ..............................171.789 ..............................136,805 0502. ...................................................................................................................................................................................................... ............................................. ............................................. 0503. ...................................................................................................................................................................................................... ............................................. ............................................. 0598. Summary of remaining write-ins for Line 5 from overflow page.................................................................................................. ..........................................0 ..........................................0 0599.Totals Lines 0501 thru 0503 plus 0598 Line 5 above)............................................................................................................. ..............................171789 ..............................136,805 1401. Miscellaneous Income.................................................................................................................................................................. ................................32,057 ................................63,751 1402. ...................................................................................................................................................................................................... ............................................. ............................................. 1403. ...................................................................................................................................................................................................... ............................................. ............................................. 1498. Summary of remaining write-ins for Line 14 from overflow page........................................ .........................................0 0 1499.Totals Lines 1401 thru 1403 plus 1498 Line 14 above........................................................................................................... ................................32.057 ................................63,751 3701. ...................................................................................................................................................................................................... ............................................. ............................................. 3702. ...................................................................................................................................................................................................... ............................................. ............................................. 3703. ...................................................................................................................................................................................................... ............................................. ............................................. 3798. Summary of remaining write-ins for Una 37 from overflow page........................................ ..........................................0 0 3799.Totals Lines 3701 thru 3703 plus 3798 Line 37 above........................................................................................................... ..........................................0 ..........................................0 4 Annual Statement for the year 2ol 3 of the Erie Insurance Company CASH FLOW 2 Current Year Prior Year CASH FROM OPERATIONS 1. Premiums collected net of reinsurance.......................................................................................................................................... .....................247,641,093 .....................225.928,889 2. Net investment Income................................................................................................................................................................... .......................21,930,954 .......................22,794,500 3. Mscellaneous income.................................................................................................................................................................... ........................1287 292 ...........................(982,538) 4. Total(Lines 1 through 3)................................................................................................................................................................ .....................268,284,755 .....................247,740,851 5. Benefit and loss related payments................................................................................................................................................. .....................136,901,385 .....................141,398,108 6. Net transfers to Separate Accounts,Segregated Accounts and Protected Cell Accounts.......................................................... ........................................... ........................................... 7. Commissions,expenses paid and aggregate write-ins for deductions......................................................................................... .......................93,492,416 .......................86,559,210 8. Dividends paid to policyholders..................................................................................................................................................... ............................268,412 ............................169,463 9. Federal and foreign income taxes paid(recovered)net of$.....37,313 tax on capital gains(losses).......................................... .........................7,585.105 ...........................(447,492) 10. Total(tines 5 thmugh 9)................................................................................................................................................................ .....................238,247,317 .....................227,679,289 11. Net cash from operations(Una 4 minus Line 10).......................................................................................................................... .......................30,037,438 .......................20,061,562 CASH FROM INVESTMENTS 12. Pmceeds from investments sold,matured or repaid: 12.1 Bonds................................................................................................................................................................................... .......................74.090,896 .....................135,939,516 12.2 Stocks................................................................................................................................................................................... ........................................... .........................3,963,092 12.3 tutortgage loans.................................................................................................................................................................... ........................................... ........................................... 12.4 Real estate........................................................................................................................................................................... ........................................... ........................................... 12.5 Other invested assets.......................................................................................................................................................... ........................................... ........................................... 12.6 Net gains or(kisses)on cash,cash equivalents and short-term investments.................................................7................. ........................................... ........................................... 12.7 Mscellaneous proceeds...................................................................................................................................................... ........................................... ........................................... 12.8 Total investment proceeds(Ones 12.1 to 12.7).................................................................................................................. .......................74,090,896 .....................139,902,607 13. Cost of investments acquired(long-term only): 13.1 Bonds................................................................................................................................................................................... .....................103,806,103 .....................145,593,834 13.2 Stocks................................................................................................................................................................................... ............................925,000 .........................4,979,600 13.3 Ivbrtgage loans.................................................................................................................................................................... ........................................... ........................................... 13.4 Real estate........................................................................................................................................................................... ........................................... ........................................ 13.5 Other invested assets.......................................................................................................................................................... ........................................... ........................................... 13.6 lviscellaneous applications..................:............................................................................................................................... ................................7,859 ...................................299 13.7 Total investments acquired(Ones 13.1 to 13.6)................................................................................................................. .....................104 738 962 .....................150 573 733 14. Net Increase(decrease)in contract loans and premium notes..................................................................................................... ........................................... ........................................... 15. Net cash from investments(Una 12.8 minus Lines 13.7 minus Line 14)..................................................................................... ......................(30,648,085) ......................(10,671,126) CASH FROM FINANCING.AND MISCELLANEOUS SOURCES 16. Cash provided(applied): 16.1 Surplus notes,capital notes................................................................................................................................................. ........................................... ........................................... 16.2 Capital and paid in surplus,less treasury stock.................................................................................................................. ........................................... ........................................... 16.3 Borrowed funds.................................................................................................................................................................... ........................................... ........................................... 16.4 Net deposits on deposh-type contracts and other insurance liabilities............................................................................... ........................................... ........................................... 16.5 Dividends to stockholders.................................................................................................................................................... ........................................... ........................................... 16.6 Other cash provided(applied)............................................................................................................................................. ...........................(226,703) .........................1,303.37 17. Net cash from financing and miscellaneous sources(Lines 16.1 to 16.4 minus Line 16.5 plus Una 16.6)................................. ...........................(226,703) .........................1,303,371 RECONCILIATION OF CASH,CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS 18. Net change in cash,cash equivalents and short4erm Investments(Una 11 plus Una 15 plus Line 17).................................... ...........................(837,330) .......................10,693,807 19. Cash,cash equivalents and short-term investments: 19.1 Beginning of year......................................................................................................................................I.......................... .......................17,412.845 .........................6.719,038 19.2 End of year Una 18 plus Line 19.1)................................................................................................................................... .......................16,575,514 .......................17,412,845 Note:Supplemental disclosures of cash flow information for non-cash transacgons: 20.0001 5 Annual Statement for the year 2013 of the Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1•PREMIUMS EARNED 1 2 3 4 Unearned Premiums Unearned Premiums Net December 31 December3l Premiums Premiums Prior Year- Current Year- Earned Written per per Col.3, per Col.5, During Year Line of Business Column 8 Pert 1 B Last Year's Part 1 Part 1A Cols.1,2.3 1. Fire...............................................................:..................................... ..........................1,659.193 ..............................708,592 ..............................713,877 ..........................1.653,908 2. Allied lines......................................................................................... ..............................843,724 ..............................337,202 ..............................343,646 ..............................837,280 3. Farmowners multiple peril................................................................. ............................................ ............................................ ............................................ .........................................0 4. Homeowners multiple peril................................................................ ........................60,320,346 -......................22.143,761 ........................26,074,523 ........................56,389,584 5. Commercial multiple peril.................................................................. ........................33,720,479 ........................11.626,630 ........................12,900,659 ........................32,446,450 6. Mortgage guaranty............................................................................ ............................................ ............................................ ............................................ .........................................0 B. Ocean marine.................................................................................... ............................................ ............................................ ............................................ .........................................0 9. Inland marine..................................................................................... ..........................1,224,744 ..............................422,043 ..............................462.855 ..........................1,183,932 10. Financial guaranty............................................................................. ............................................ ............................................ ............................................ ......................................... 11.1 Medical professional liability-occurrence........................................ ..................... 11.2 Medical professional nabifity-claims-made...................................... ............................................ ............................................ ............................................ .........................................0 12. Earthquake........................................................................................ ......................................... ...................................... ...................................... ......................................0 13. Group accident and health................................................................ ............................................ ............................................ ............................................ .........................................0 14. Credit accident and health(group and individual)............................ ............................................ ............................................ ............................................ .........................................0 15. Other accident and health................................................................. ............................................ ............................................ ............................................ .........................................0 16. Workers'compensation..................................................................... ........................18,579,312 ..........................6,351,331 ..........................7,310,588 ........................17.620,055 17.1 Other fiability,-occurrence................................................................ ..........................6,031,366 ..........................2,054.251 ..........................2,246,087 ..........................5,839:530 17.2 Otherliiabiliity-claims-made.............................................................. ................................23,420 ................................15,709 ................................16,392 ................................22,737 17.3 Excess workers'compensation......................................................... ............................................ ............................................ ............................................ .........................................0 18.1 Products liability-occurrence........................................................... ..............................110,392 ................................37,187 ................................40,503 ..............................107,077 18.2 Products liability-claims-made......................................................... ............................................ ............................................ ............................................ .........................................0 19.1,19.2 Private passenger auto liability......................................................... ........................63,032,526 ........................24,034,669 ........................25,468:155 ........................61,599,039 19.3,19.4 Commercial auto liability................................................................... ........................13,562,068 ..........................4,875.519 ..........................5,274,311 ........................13,163.274 21. Auto physical damage....................................................................... ........................52,800,811 ........................19,627,980 ........................21219,956 ........................51:208,836 22. Aircraft(all perils)............................................................................... ............................................ ............................................ ............................................ .........................................0 23. Fidelity............................................................................................... ................................49,432 ................................26,244 ................................27,337 ................................48,339 24. Surety................................................................................................ ..............................296,764 ..............................173,997 ..............................160.185 ..............................310.576 26. Burglary and theft.............................................................................. .....................................504 .....................................327 .....................................306 .....................................525 27. Boiler and machinery........................................................................ ............................................ ............................................ . .........................................0 ........................................... 28. Credit.............................................................................................. ...................................... ....................................... 0 29. International....................................................................................... ............................................ ............................................ ............................................ .........................................0 30. Warrarrty............................................................................................ .......................................... ...................................... ...................................... ......................................0 31. Reinsurance-nonproportional assumed property........................... ....................................(361) .....................................236 .....................................236 ....................................(361) 32. Reinsurance-nonproportional assumed liability.............................. ..................................4.015 ............................................ ............................................ ..................................4,015 33. Reinsurance-nonpmporbonal assumed financial Ones.................. ............................................ ............................................ ............................................ .........................................0 34. Aggregate wdte4ns for other lines of business................................. .........................................0 .........................................0 0 0 35. TOTALS........................................................................................ ......................252,258735 ........................92435,678 ......................102.259,616 ......................242,434:797 DETAILS OF WRITE-INS 3401. ........................................................................................................... ............................................ ............................................ ............................................ .........................................0 3402. ........................................................................................................... ............................................ ............................................ ............................................ .........................................0 3403. ........................................................................................................... ............................................ ............................................ ............................................ .........................................0 3498. Summary of remaining write-ins for Line 34 from overflow page..... .........................................0 .........................................0 .........................................0 .........................................0 3499. Totals Lines 3401 thru 3403 plus 3498 Line 34 above............... .........................................01.........................................0 .........................................0 .........................................0 6 Annual Statement for the year 2013 of the Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1A•RECAPITULATION OF ALL PREMIUMS 1 2 3 4 5 Reserve for Amount Unearned Amount Unearned Rate Credits Toth Reserve (Running One Year (Running More Than and Retrospective for Unearned or Less from Date One Year from Earned But Adjustments Based Premiums Line of Business of Policy)a Date of Polic a Unbilled Premium on Experience Cols.1+2+3+4 1. Fire................................................................................................. ......................713,877 .................................... .................................... .................................... ......................713,877 2. Allied lines...................................................................................... ......................343.648 .................................... .................................... .................................... ......................343,646 3. Famlovmers multiple peril.............................................................. .................................... .................................... .................................... .................................... .................................0 4. Homeowners multiple peril............................................................. .................26,074,523 .................................... .................................... .................................... .................26,074,523 5. Commercial multiple pedl............................................................... .................12,898,200 ..........................2,458 .................................... .................................... .................12,900,659 6. Mortgage guaranty......................................................................... .................................... .................................... .................................... .................................... .................................0 8. Ocean marine................................................:............................... .................................... .................................... .................................... .................................... .................................0 9. Inland marine................................................................................. ......................462,855 .................................... .................................... .................................... ......................462,855 10. Financial guaranty.......................................................................... . 11.1 Medical professional liability-occurrence..................................... .................................... .................................... .................................... .................................... .................................0 11.2 Medical professional liability-claims-made................................... .................................... .................................... .................................... .................................... .................................0 12. Earthquake.....................................................:............................... .................................... .................................... .................................... .................................... .................................0 13. Group accident and health............................................................. .................................... .................................... .................................... .................................... .................................0 14. Credit accident and health(group and Individual).......................... .................................... .................................... .................................... .................................... .................................0 15. Other accident and health.............................................................. .................................... .................................... .................................... .................................... .................................0 16. Workers'compensation.................................................................. ...................7,301,267 ..........................9,321 .................................... .................................... ...................7.310,588 17.1 Other liability-occurrence..............................:.............................. ...................2,238,955 ..........................7.132 .................................... .................................... ...................2.246,087 17.2 Other liability-claimsmade........................................................... ........................16,392 .................................... .................................... .................................... ........................16,392 17.3 Excess workers'compensation...................................................... .................................... .................................... .................................... .................................... .................................0 18.1 Products liability-occurrence........................................................ ........................40,075 .............................428 .................................... .................................... ........................40,503 18.2 Products liability-claims-made..................................................... .................................... .................................... .................................... .................................... .................................0 19.1.19.2 Private passenger auto liability...................................................... .................25,468,155 ................................... .................................... .................................... .................25,468,155 19.3,19.4 Commercial auto liability................................................................ ...................5,274,3115,274.311 .................................... .................................... .................................... ................... 21. Auto physical damage.................................................................... .................21,219.956 .................................... .................................... .................................... .................21,219,956 22. Aircraft(all perils)........................................................................... .................................... .................................... .................................... .................................... .................................0 23. Fidelity............................................................................................ ........................21.242 ..........................6,095 .................................... .................................... ........................27,337 24. Surety............................................................................................. ......................122,002 ........................38,183 .................................... .................................... ......................160,185 26. Burglary and theft........................................................................... .............................306 .................................... .................................... .................................... .............................306 27. Boiler and machinery..................................................................... .................................... . 28. Credit............................................................................................ .................................... .................................... .................................... .................................... .................................0 29. International.................................................................................... .................................... .................................... .................................... .................................... .................................0 30. Warranty........................................................................................ .................................. ............................... ............................... ..............................0 31. Reinsurance-nonproportional assumed property......................... .............................236 .................................... .................................... .................................... .............................236 32. Reinsurance-nonproportional assumed liability........................... .................................... .................................... .................................... .................................... .................................0 33. Reinsurance-nonproportional assumed financial lines................ .................................... .................................... .................................... .................................... .................................0 34. Aggregate write-ins for other tines of business.............................. .................................0 .................................0 .................................0 0 0 35. TOTALS......................................................................................... ...............102,195,999 ........................63,617 .................................0 .................................0 ...............102,259,616 36. Accrued retrospective premiums based on experience............................................................................................................................................................................ .................................... 37. Earned but unbilled premiums.................................................................................................................................................................................................................. .................................0 38. Balance(sum of lines 35 through 37)...................................................................................................................................................................................................... ...............102,259,616 DETAILS OF WRITE-INS 3401. ....................................................................................................... .................................... .................................... .................................... .................................... .................................0 3402. .........................................................................:............................. .................................... .................................... .................................... .................................... .................................0 3403. ....................................................................................................... .................................... .................................... .................................... .................................... .................................0 3498. Summary of remaining write-ins for Line 34 from overflow page... .................................0 0 0 0 0 3499, Totals Lines 3401 thru 3403 plus 3498 Line 34 above............. .................................0 .................................0 .................................0 .................................0 .................................0 (a) State here basis of computation used in each case:Monthly Pro-Rata 7 .Annual Statement forth.year 2013afth. Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 18-PREMIUMS WRITTEN 1 Reinsurance Assumed Reinsurance Ceded 6 2 3 4 5 Net Premiums Direct Written Business From From To To (Cols.1+2+3 Line of Business a Affiliates Non-Affiliates Affiliates Non-Affiliates -4.5) 1. Fire............................................................................................... .............2,293,462 .............1,659,193 .............................. .............2,293,462 ............1,659,193 .............................. . 2. Allied linea.................................................................................... .............1,362.508 ................843.724 .............................. .............1,362,508 ...............843,724 .............................. . 3. Fam owners multiple peril............................................................ .............................. .............................. .............................. .............................. . ..........................0 ............................. . 4. Homeowners multiple peril........................................................... .........211,571,264 ...........60,320,346 .............................. .........211,571.264 ...........60,320,346 .............................. 5. Commercial multiple peril............................................................. ...........63.302,531 ...........33,720,479 .............................. ............63,174,209 ................128,322 ...........33,720,479 6. Mortgage guaranty....................................................................... . 8. Ocean marine.............................................................................. .............................. .............................. .............................. .............................. . ..........................0 ............................. . 9. Inland marine............................................................................... .............1,003,020 .............1224,744 .............................. .............1,003,020 ............1224,744 .............................. . 10. Financial guaranty........................................................................ .............................. .............................. .............................. .............................. . .........0 ............................. .................. 11.1 Medical professional liability-occurrence................................... .............................. .............................. .............................. .............................. . 0 ............................. . 11.2 Medical professional liability-claims-made................................. 12. Earthquake................................................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 13. Group accident and health........................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 14. Credit accident and health(group and individual)........................ .............................. .............................. .............................. .............................. .............................. ...........................0 15. Other accident and health............................................................ .............................. .............................. .............................. .............................. .............................. ...........................0 16. Workers'compensation................................................................ ...........23,864,478 ...........18,579,313 ............................. ...........23,864,479 .............................. ...........18579,312 17.1 Other liability-oocunerum........................................................... .............7,868.560 .............6,031,366 .............................. .............7,837.210 ..................31.350 .............6,031.366 17.2 Other liability-claims-made......................................................... ....................6,036 ..................23,420 .............................. ....................6,036 .............................. ..................23,420 17.3 Excess workers'compensation.................................................... . 18.1 Products liabifdy-occurrence...................................................... ..................80,882 ................110,392 .............................. ..................80.882 .............................. ................110,392 18.2 Products liabilty-claims-made................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 19.1.19.2 Private passenger auto liability.................................................... .........157,762,231 ...........63,032,526 .............................. .........156,627,901 .............1,134,330 ...........63,032.526 19.3,19.4 Com nerciai auto liability.............................................................. ...........46,449,156 ...........13,562,068 ...........17,068,281 ...........62,878,667 ................638,770 ...........13,562,066 21. Auto physical damage.................................................................. .........136,608,615 ...........52,800,811 ..................38,083 .........136,646,698 ..........52,800,811 .............................. . 22. Aircraft(all perils)......................................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 23. Fidelity............................................................:............................. ................978,093 ..................49,432 .............................. ................978,093 .............................. ..................49,432 24. Surety........................................................................................... .............5,509,315 ................296,764 .............................. .............5,509.315 .............................. ................296,764 26. Burglary and theft......................................................................... ....................9,623 .......................504 .............................. ....................9,623 .............................. .......................504 27. Boiler and machinery................................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 28. Credit........................................................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 29. Intema8onal................................................................................. .............................. .............................. .............................. .............................. .............................. ...........................0 30. Warranty.........................................................:............................ 31. Reinsurance-nonproportional assumed property...................................XXX............ .....................(361) .............................. .............................. .............................. .....................(361) 32. Reinsurance-nonproportional assumed liability......................... ............XXX................................4,015 .............................. .............................. .............................. ....................4,015 33. Reinsurance-nonproportional assumed financial lines.............. ...........)=.......................................... .............................. .............................. .............................. ...........................0 34. Aggregate write-ins for other lines of business............................ ...........................0 ...........................0 ...........................0 0 35. TOTALS....................................................................................... .........658.669,774 .........252,258,735 ...........17,106,364 .........673,843,367 .............1,932,772 .........252,258,734 DETAILS OF WRITEINS 3401. ..................................................................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 3402. ..................................................................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 3403. ..................................................................................................... .............................. .............................. .............................. .............................. .............................. ...........................0 3498. Summary of remaining write-ins for Line 34 from overflow page. ...........................0 ...........................0 ...........................0 ...........................0 ...........................00 ........................... 3499. Totals Lines 3401 thru 3403 plus 3498 Line 34 above........... ...........................0 1...........................0 1...........................0 ...........................0 ...........................0 ...........................0 (a)Does the company s direct premiums written include premiums recorded on an installment basis?Yes[ ]No[X] If yes:1.The amount of such installment premiums$..........0. 2.Amount at which such installment premiums would have been reported had they been recorded on an annualized basis$..........0. 8 II Annual Statement for the year 2913 of the Erie Insurance Company ,, UNDERWRITING AND INVESTMENT EXHIBIT PART 2-LOSSES PAID AND INCURRED Losses Paid Less Salvage 5 6 7 8 1 2 3 4 Percentage of Net Losses Losses Losses Incurred Unpaid Net Losses Incurred (Col.7,Part 2) Direct Reinsurance Reinsurance Net Payments Current Year Unpaid Current Year to Premiums Earned Line of Business Business Assumed Recovered Cols.i+2-3 Part 2A Col.8 Prior Year Cols.4+5-6 Cal.4 Part 1 1. Fire....................................................................................................... .............................1,824,833 ................................946,453 .............................1,824,833 ................................946453 ................................412,416 ................................466608 ................................892.261 .......................................53.9 2. Allied lines........................................................................................... .............................1.097.822 ................................519.917 .............................1,097,822 ................................519,917 ..................................77,064 ................................111.205 ................................485,776 .......................................58.0 3. Farmowners multiple peril................................................................... ............................................... ............................................... ............................................... ............................................0 ..........................................11 ..........................................11 ............................................0 .........................................0.0 4. Homeowners multiple peril.................................................................. ...........................65,997,993 ...........................31,158,730 ...........................65,997,993 ...........................31,158,730 .............................9,803,940 ...........................11,159,562 ...........................29,803,108 .......................................52.9 5. Commercial multiple peril.................................................................... ...........................26.775.205 ...........................14,672,649 ...........................26775.205 ...........................14,672,649 ...........................20,009,867 ...........................19,215.426 ...........................15,467.090 .......................................47.7 6. lvlortgage guaranty.............................................................................. ............................................... ............................................... ............................................... ............................................0 8. Ocean marine...................................................................................... ............................................... ............................................... ............................................... ............................................0 .....................................5,767 .....................................5.731 ..........................................36 .........................................0.0 9. Inland marine....................................................................................... ................................133,023 ................................426285 ................................133,023 ................................426285 ................................156.328 ................................183.982 ................................398,631 .......................................33.7 10. Financial guaranty............................................................................... ............................................... ............................................... . ...........................................0 ...........................................0 .........................................0.0 11.1 Medical professional liability-occurrence.......................................... ............................................... ............................................... ............................................... ............................................0 ..................................17240 ..................................21,458 ...................................(4,218) .........................................0.0 11.2 Medicalprofessionalliabifly-claims-made........................................ ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 12. Earthquake....:..................................................................................... ............................................... ............................................... ............................................... ............................................0 ........................................395 ........................................395 ............................................0 .........................................0.0 13. Group accident and health.................................................................. ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 14. Credit accident and health(group and individual).............................. ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 15. Other accident and health................................................................... ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 16. Workers'compensation....................................................................... ...........................12,079,920 .............................7,986,454 ...........................12,111,036 .............................7,955,338 ...........................32,181,182 ...........................28262,797 ..........................11,873,723 .......................................67.4 17.1 Other liability-occurrence................................................................... .............................5,480253 .............................2.626.137 .............................5,480.253 .............................2.626,137 .............................7,083,479 .............................7,291.239 ............................2,418,376 .......................................41.4 17.2 Otherliability-claims-made................................................................ ............................................... ........................................178 ............................................... ........................................178 .....................................8,126 .....................................7,141 .....................................1.163 .........................................5.1 17.3 Excess workers'compensation........................................................... ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 18.1 Products liiabifdy-occurrence............................................................. ........................................400 .....................................9,920 ........................................400 .....................................9.920 ..................................93,868 ..................................40,192 ..................................63.596 .......................................59.4 18.2 Products liabiflly-claims-mede........................................................... ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 19.1,19.2 Private passengeraulD liability .........................106,749,562 ...........................39,668,450 .........................106,749,562 ...........................39,668,450 ...........................61,367,598 ...........................58,967,756 ...........................42,068292 .......................................68.3 19.3,19.4 Commercial auto liability..................................................................... ...........................26.701275 ...........................21,043,332 ...........................40,168.104 .............................7,576.503 ...........................16,568,409 ...........................15.508.790 .............................8.636,122 .......................................65.6 21. Auto physical damage......................................................................... ...........................81,452,981 ...........................31,579,645 ...........................81,522.173 ...........................31,510,453 ...............................(450,491) ................................415.967 ...........................30,643,994 .......................................59.8 22. Aircraft(all perils)................................................................................. ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 23. Fidelity................................................................................................. ................................116,030 .....................................5,802 ................................116,030 .....................................5,802 .....................................4.660 .....................................6,100 .....................................4,361 .........................................9.0 24. Surety.................................................................................................. ................................859,873 ....................:.............37,635 ................................859,873 ..................................37,635 ................................138,775 ................................246,594 .................................(70,184) .....................................(22.6) 26. Burglary and theft................................................................................ ............................................... ............................................... ............................................... ............................................0 ........................................187 ........................................187 ...........................................(0) .......................................(0.0) 27. Boiler and machinery.......................................................................... ............................................... ............................................... ............................................... ............................................0 ........................................231 ........................................231 ............................................0 .........................................0.0 28. Credit.................................................................................................. ............................................... ............................................... ............................................... ............................................00 .............................................. ............................................... ............................................ .........................................0.0 29. International......................................................................................... ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 30. Warranty......................................................................I....................... ................I.............................. ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 31. Reinsurance-nonpmporbonal assumed property............................. ....................XXX.................... ..................................21,419 ............................................... ..................................21,419 ................................449,058 ................................543.745 .................................(73267) ...............................20298.5 32. Reinsurance-nonpropartional assumed liability................................ ....................XXX.................... ..................................51,544 ............................................... ..................................51,544 ................................685.661 ................................956.728 ...............................(219,523) ................................(5.466.9) 33. Reinsurance-nonproportional assumed financial fines..................... ....................XXX.................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 34. A scale wdteins for other Imes of business................................... ............................................0 ............................................0 ............................................0 ............................................0 ............................................0 ............................................0 ............................................0 .........................................0.0 35. TOTALS............................................................................................... .........................329 269169 .........................150 754 550 .........................342 836 305 .........................137187 413 .........................148 613 769 .........................143 411845 .........................142 389 337 .......................................58.7 DETAILS OF WRITE-INS 3401. ............................................................................................................. ............................................... ............................................... ............................................... ............................................0 ............................................... ..................................I............ ............................................0 .........................................0.0 3402. ............................................................................................................. ............................................... ............................................... ............................................... ............................................0 ............................................... ............................................... ............................................0 .........................................o.o 3403. ............... ............................................0 ............................................... ............................................... ............................................0 .........................................0.0 ............................................................................................................. ............................................... ............................................... ................................ 3498. Summary of remaining write-ins for Line 34 from overflow page....... ............................................0 ............................................0 ............................................0 0 0 0 0 ................XXX........................ 3499. Totals Lines 3401 lhru 3403 plus 3498 Line 34 above................. ............................................0 ............................................0 ............................................0 ............................................0 ............................................0 ............................................0 ............................................0 .........................................0.0 Annual Statement for the year 2013 of the Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT ------------- PART 2A-UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES Re rted Losses Incurred But Not Reported g 9 1 2 3 4 5 6 7 Net Losses Excluding Incurred but Net Reinsurance Net losses Unpaid Loss surance Deduct Reinsurance not Reported Net Reinsurance Unpaid Adjustment Line of Business Direct Assumed Recoverable (Cals. ::Direct Assumed Ceded Cols.4+5+6- Expenses 1. Fire.................................................................................................... 451,608 217,638 451,608 217.638 63369 194778 2. Allied lines...................................................................................... 96283 ............................4 6,941 ............................96 2 ..........................63,369 ..........................412.416 ............................49,805 83 ....................... 46,941 .............................58,476 .............................30,123 .............................58476 .............................77.064 ... 3. Farmowners muff ple per 1.......................................................... 29,156 ...... ......................................... ........................................ ....................................11 .. omeowners mul8ple peril................................................................ .....................20,919,563 ........................6041,509 ......................20.919.563 � ....................................... 6,041.509 ........................7,446,457 ........................3,762,431 7,446,457 9,803,940 5. Cemmeroiaimul8le .....35.482,975 ...................... ........................ .......................2,571,159 PPedl.................................................................. ................. ......................10,378,178 ......................35,482.975 ......................10.378,178 ......................21,381.750 ........................9,631,690 ......................21.381,750 6. Mortgage guaranty............................................................................ 20,009,867 10,041,146 .................................................................................. ...................................... 5 ......................................... ..................................10 ......................................... .................................... ......................................0 8. Ocean marine.................................................................................... . ..... ......................................... ..105 . ....................................... 9. ..................................60 .............................a8 ..........................6o 105 . ...............................5,662 5 767 Inland marine........................................... ......................................... ............................... , ......................................... ........................................ ...........................110.160 .............................88.735 ...........................110,160 .............................88,735 .............................62,681 .............................67,592 10. Financial guaranty .............................62,681 ...........................156,328 .............................30217 ......................................0 ......................................... . ......................................0 11.1 Medicalpro(essionaitiability-occurrence......................................... . ........................................ ......................................... ......................................... ........................................ ................................0 7 ......................................... ...............................4,017 ............................13.223 11.2 Medical professional liability-dams made...................................... ........................17.240 ...................................(21) ....................................... ......................................... ......................................... ..................................... 2. Earthquake..................... .....................................0 .......................................13. .. ................................................................. ........................... 395 ..................................395 ......................................... ......................................... ......................................... ..................................395 Group ardent and heath...................indi....ual)............................. ......................................... . ........................................ ......................................... ......................................0 ......................................... ......................................... ......................................... (a).................................0 .......................... 14. Credit accident and health(group and individual)............................. ............... 0 5. Other accident and health.................................... ........................................ ........................................ ...............0 ......................... (a).................................0 16. VWrkers'cempensafion................................. ................ ......................................... ......................................... 36,694,193 ..............13,321,514 ......................37,058.328 .................................. .................................... ..................... ........ ........12,957,379 ......................40,133257 ......................21.339.410 42.248,864 ......................32,181,182 ........................4,051,260 7.1 Other liability-occurrence................................................................. 6,072.000 ................... .......... ........................2,047,954 ........................6,072,000 ........................2,047,954 ........................5,575,803 ........................5.035,525 ........................5,575,803 17.2 OOrerliability-daimsmade.............................................................. 7,083.479 ...........................802,901 ......................................... ...............................2,800 ...............................2,800 ...............................2.532 17.3 Excess workers'ce ......................................... ...............................5,325 ...............................2,532 C mpensaDon......................................................... 8,126 ...............................6,600 ......................................... ......................................... ......................................... . 0 ......................................... ......................................... ......................................0 18.1 Products liability-occurrence.................................................. ......................................... ....................................... 18.2 ......... ......................................... .............................66279 .............................66279 .............................16,544 .............................27.590 ........................................ Products liability-claims-made................. ............................i6, ........................................ ..................................... ......................................... ......................................0 .......................... ....... 5,9 ... 93,868 .....36,020 19.1,19.2 Private passenger auto liability ......................................... ........................................ ......................................... ...........127.184,973 ..................................598 ........................9..........81 P ng .......................................................... 30,572,036 ....................127,184973 ......................30,572,036 .................... .....................30.795,563 ....................153212,942 19.3,19.4 Commercial auto liability ••••�•�•�•••••......53,212,942 ......................61,367,598 ........................9,431,881 dy.................................................................... ......................36.284,690 ......................15,091,286 ......................44,109.388 ........................7.266,588 ......................26,899,083 ......................17,156218 ......................34,753,480 ......................16 568 4 21. Auto physical damage....................................................................... ...............5,895,829 ........................2,588,360 09 ........................3,422.303 ........ .......................5.895.509 ........................2,588,680 .......................(8,188,515).......................(3,046,744) .......................(8,196,088) ..........................(450.491) . 22. Aircraft(all parts)............................................................................... ................................ ..........................389,094 23. ...00 ......................................... ......................................... ......................................0 Fidelity................................................................ .............................64,000 ...............................3200 ................................. ....................................... .............................64000 ...............................3200 28.951 24. Sure 1.460 28,951 Surety...................................................... 664,494 ...........................138,660 ..............................2,213 ......................................... .............................51,359 ...........................664,494 .............................51,359 1,637.133 87,416 1637,133 138,775 26. Burglary and theft.............................................................................. . ............................. ........................ .......................... 53,934 ..................................185 ............................. ....................................... ......................................... ..................................185 ....................................31 ......................................2 31 27. Boiler and machine .................................... ..................................18728. ......................................... machinery......................................................................... ......................................... ..................................231 ......................................... ..................................231 ........................................ ......................................... ......................................... ..................................231 Credit................................................................... ........................................ ........................................ ......................................0 ......................................... 30. Warton ...................................... ......................................0 0 ........................................ ......................................0 ......................................... 31. Reinsurance-nonproportional assumed ro ......................................... ......................................... . property ty............................ ................XXX.................. ...........................427,517 ......................................... ...........................427.517 ................XXX.................. .............................21,541 32. Reinsurance•nonproportional assumed liability ......................................... ...........................449.058 ...............................2,306 XXX.................. ...........................326,707 ...........................326,707 ...............XXX.................. . ......................................... ...........................685661 ...............................7 444 33. ........................................ 358,954 Reinsurance-non ro .......................... i P porhonai assumed financial lines.................... ................XXX.................. ......................................... ......................................... ......................................0 XXX.................. . ' 34. A ate write-ms for other lines of business...............................I.. . 0 ......................................... 5. TOTALS............................................................................................. ....................269,920,768 ......................81,276,954 ....................278.109281 0 .....................................0 ......................................0 ....................73,088,441 ....................248,330,494 ......................85.487,759 ....................258,292,925 ....................148,613,769 ......................30,927,417 DETAILS OF WRITE-INS 3401. ........................................................................................................... ......................................... .................... 3402. ..... ......................................... . ........................ 3403. ................................... ....................................... ......................................... ......................................... ............................. 0 . ......................................... Jill. 3498. Summary of remaining write ins for Line 34 from overflow ....................................... Page...... ......................................0 ......................................0 ......................................0 0 0 0 ......................................0 ............................. 99. Totals Lines 3401 thru 3403 plus 3498 Line 34 above................. ....................0 0 ......................................0 ......................................0 ......................................0 0 .0a) Including 5..........0 for present value of life indemnity claims. 0 ..................... .... ...0 ............................. .................... Annual Statement for the year 2013 of the Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 3•EXPENSES 1 2 3 4 Other Loss Adjustment Underwriting Investrnent Expenses Expenses Expenses Total 1. Claim adjustment services: 1.1 Direct........................................................................................................................ ...................21,705,107 ...................................... ...................................... ...................21,705,107 1.2 Reinsurance assumed............................................................................................. ...................10,380,875 ...................................... ...................................... ...................10,380,875 1.3 Reinsurance ceded.................................................................................................. ...................23 605 021 ...................................... ...................................... ...................23 605 021 1.4 Net claim adjustment services(1.1+1.2-1.3)....................................................... .....................8,480,962 ...................................0 ...................................0 .....................8,480,962 2. Commission and brokerage: 2.1 Direct,excluding contingent..................................................................................... ...................................... ...................79.426,831 ...................................... ...................79,426,831 2.2 Reinsurance assumed,excluding contingent.......................................................... ...................................... ...................34,857,689 ...................................... ...................34,857,689 2.3 Reinsurance ceded,excluding contingent.............................................................. ...................................... ...................34,451,298 ...................................... ...................34,451,298 2.4 Contingent-direct.................................................................................................... ...................................... .....................7.565,458 ...................................... .....................7,565,458 2.5 Contingent-reinsurance assumed......................................................................... ...................................... .....................2.761,675 ...................................... .....................2,761,675 2.6 Contingent-reinsurance ceded.............................................................................. ...................................... ...................54,881,709 ...................................... ...................54.881,709 2.7 Policy and membershipfees.................................................................................... ......................................I...................................... ...................................... ...................................0 2.8 Net commission and brokerage(2.1+2.2-2.3+2.4+2.5-2.6+2.7)................. ...................................0 ...................35,278,647 ...................................0 ...................35,278,647 3. Allowances to manager and agents.................................................................................. ...................................... ...................................... ...................................... ...................................0 4. Advertising.......................................................................................................................... ..........................17,554 .....................1,093,812 ...................................... .....................1,111,165 5. Boards,bureaus and associations..................................................................................... ........................102,977 ........................519,387 ...................................... ........................622.364 6. Surveys and underwriting reports...................................................................................... ..........................29,262 .....................1,815,628 ...................................... .....................1,844,890 7. Audit of assureds'records.................................................................................................. ...................................... ........................225,821 ...................................... ........................225,821 8. Salary and related items: 8.1 Salaries.................................................................................................................... .....................9,830,436 ...................11,110,755 ........................238,586 ...................21,179,777 8.2 Payroll taxes............................................................................................................. ........................719,526 ........................768,746 ............................9,568 .....................1,497,840 9. Employee relations and welfare......................................................................................... .....................3,145,816 .....................3,594,192 ..........................47,948 .....................6,787,957 10. Insurance............................................................................................................................ ..........................89,409 ..........................76,624 ............................6,879 ........................172,912 11. Directors'fees..................................................................................................................... ...................................... ........................208,534 ...................................... ........................208,534 12. Travel and travel items.........................................:............................................................. ........................518,756 ........................519,147 ............................3,378 .....................1,1141,281 13. Rent and rent items............................................................................................................ ........................331,811 ........................617,411 ............................4,124 ........................953,346 14. Equipment......................................................................................................................... ........................279,390 ........................444,479 ...............................871 ........................724,741 15. Cost or depreciation of EDP equipment and software...................................................... .....................1,697,436 .....................2,098,785 ..........................32,073 .....................3,828,294 16. Printing and stationery....................................................................................................... ........................103,912 ........................320,439 ..........................21,916 ........................446,268 17. Postage,telephone and telegraph,exchange and express.............................................. ........................382,215 1,844,635 ............................7,053 2,233,903 18. Legal and auditing.............................................................................................................. ..........................99.900 .....................2,322.666 ..........................27.492 .....................2.450,058 19. Totals(Lines 3 to 18).......................................................................................................... ...................17,348,404 ...................27,580,860 ........................399,888 ...................45,329,152 20. Taxes,licenses and fees: 20.1 State and local insurance taxes deducting guaranty association credits of$.....37,388........................................................................................................... ...................................... .....................5.563,940 ...................................0 .....................5,563,940 20.2 Insurance deparhnent licenses and fees................................................................. ...................................... ........................523,404 ............................1,560 ........................524,964 20.3 Gross guaranty association assessments............................................................... ...................................... ........................115,056 ...................................... ........................115,056 20.4 All other(excluding federal and foreign income and real estate)........................... ............................8.764 ........................115162 ...................................... ........................123.927 20.5 Total taxes,licenses and fees(20.1+20.2+20.3+20.4)..................................... ............................8,764 .....................6,317,562 ............................1,560 .....................6,327,887 21. Real estate expenses......................................................................................................... ...................................... ...................................... ...................................... ...................................0 22. Reel estate taxes................................................................................................................ ................................... ................................. ................................. .................................0 23. Reimbursements by uninsured plans................................................................................ ...................................... ...................................... ...................................... ...................................0 24. Aggregate write-ins for miscellaneous expenses.............................................................. ............................9,485 ........................430.513 ............................1262 ........................441261 25. Total expenses incurred..................................................................................................... ...................25,847,616 ...................69,607.582 ........................402.711 (a)..............95,857,908 26. Less unpaid expenses-current year................................................................................. ...................30,927.416 .....................2,324,946 ........................135,4013 ...................33,387,768 27. Add unpaid expenses-prior year...................................................................................... ...................28,888.928 .....................2,228,864 ..........................86,465 ...................31,204,256 28. Amounts receivable relating to uninsured plans,prior year.............................................. ...................................... ...................................... ...................................... ...................................0 29. Amounts receivable relating to uninsured plans.current year...............:.......................... ...................................... ...................................... ...................................... ...................................0 30. TOTAL EXPENSES PAID Lines 25.26+27-28+29....................................... ...................23 809127 ...................69 511 500 ........................353 769 ...................93 674 398 DETAILS OF WRITE-INS 2401. Miscellaneous Expense..................................................................................................... ............................4,276 ........................430,418 ............................1,262 ........................435,957 2402. Contributions-Charities..................................................................................................... ............................5,208 .................................95 ...................................... ............................5,304 2403. ............................................................................................................................................ ...................................... ...................................... ...................................... ...................................0 2498. Summary of remaining wrileins for Line 24 from overflow page...................................... ...................................0 ...................................0 ...................................0 ...................................0 2499. Totals Lines 2401 thru 2403 plus 2498 Line 24 above................................................ ............................9,485 ........................430,513 1............................1,262 ........................441,261 (a) Includes management fees of$.....63,450,041 to affiliates and$..........0 to non-affiliates. 11 Annual Statement for the year 2o13 of the Erie Insurance Company EXHIBIT OF NET INVESTMENT INCOME 2 Collected Earned Durin Year Ourin Year 1. U.S.govemment bonds.............................................................................................................................................................. (a)................................2,9,741 .....................................219,741 1.1 Bonds exempt from U.S.tax............................_......................................................................................................................... (a).............................1,958,305 .................................2, 61.2 1.2 Other bonds(unaffiliated)........................................................................................................................................................... (a)...........................16,237,086 ...............................15,981.651 1.3 Bonds of affiliates........................................................................................................................................................................ (a)............................................... ................................................... 2.1 Preferred stocks(unaffiliated)..................................................................................................................................................... (b).............................1,391,404 ..................1,406,714 .1 Preferred stocks of affiliates........................................................................................................................................................ (b)............................................... ................................................... 2.2 Common stocks(unaffiliated)..................................................................................................................................................... . .................................................. ................................................... .21 Common stocks of affifietes........................................................................................................................................................ . .................................................. ................................................... 3. Mortgage loans........................................................................................................................................................................... (c).............................,................. . 4. Real estate.................................................................................................................................................................................. (d)............................................... ................................................... 5. Contract loans............................................................................................................................................................................. . .................................................. ................................................... 6. Cash.cash equivalents and short-term investments................................................................................................................. (e)..................................10,016 .......................................10,516 7. Derivative instruments8. ................................................................................................................................................................ (f)....... ......................................... ................................................... Other invested assets................................................................................................................ ................................................ ................................................... ................................................... 9. Aggregate wnteins for investment income............................................................................... ...............................................0 ................................................0 10. Total mss investment income.................................................................................................. 19 816 553 20 041478 ................................................. . ............................... Investment expenses.................................................................................................................................. (9)................................401,150 12. Investment taxes,licenses and fees,excluding federal income taxes............................................................................................................................................ (9)....................................1,560 14.13. Interest expense............................................................................................................................................................................................................................... (h)...................... ......................... other Depreciation on real estate and nsfroinvestedinvest assets.................................................................................................................................................................... (i).............................................0 15. Aggregate wdte ins for deductions from investment income.................................................... 0 ....................................................................................................... . 16. Total deductions(Lines 11 through 15).................................................................................... .'4 711 ....................................................................................................... ................................... 17. Net investment income Line 10 minus Line 16................................................... ...19,638,767 ..........................................................................................................I.... . DETAILS OF WRITE-INS 0901. ..................................................................................................................................................................................................... ................................................... ................................................... 0902. ..................................................................................................................................................................................................... ................................................... . .................................................. . ..................................................................................................................................................................................................... ................................................... ................................................... 0998. Summeryof remaining wnteans for Una 9 from overflow page................................................................................................ 0 ................................................0 0999. Totals Unes 0901 thnr 0903 plus 0998 Una 9 above........................................................................................................... ................................................0 ................................................0 1501. .......................................................................................................................................................................................................................................................... ................................................... 1502. .......................................................................................................................................................................................................................................................... ................................................... 1503. .......................................................................................................................................................................................................................................................... 1598. Summary of remaining wdte4ns for Una 15 from overflow ................................................... "' """"""""""""""""" Page.................................................................................................................................................... ................................................0 1599. Totals Lines 1501 fhm 1503 plus 1598(Una 15 above......................................................... (a) Includes$.....299,874 accrual of discount less 5.....2,588,974 amortization of premium and less$.....321,250 paid for accrued Interest on purchases. (b) Includes$•....1,368 accrual of discount less$•.........0 amortization of premium and less 5..........0 paid for accrued dividends on purchases. (c) Includes$..........0 accrual of discount less$..........0 amortization of premium and less$•.........0 paid for accrued interest on purchases. (d) Includes$..........0 for company's occupancy of its own buildings;and excludes$..........0 interest on encumbrances. (e) Includes$..........0 accrual of discount less$..........0 amortization of premium and less$..........0 paid for accrued interest on purchases. (f) Includes$..........0 accrual of discount less$..........0 amortization of premium. (g) Includes$..........0 investment expenses and$..........0 investment taxes,licenses and fees,excluding federal income taxes,attributable to Segregated and Separate Accounts. (h) Includes$..........0 interest on surplus notes and$..........0 interest on capital notes. (I) Includes$•.........0 depredation on real estate and$..........0 depreciation on other invested assels. EXHIBIT OF CAPITAL GAINS LOSSES 1 2 3 4 5 Realized Charge In Gain(Loss) Other Total Realized Change in Unrealized on Sales Realized Capital Gam(Loss) Unrealized Foreign Exchange Columns 1+2 1. U.S.government bonds................................... or Mabr' Ad'uslmenls Ca itel Gain Lass Ca ital Gem Loss............................... ...................... ..................................0 1.1 Bonds exempt from U.S.tax........................................................... ..................................... ..................................... 0 ..................................... ..................................... 1.2 Other bonds(unaffifiated)............................................................... ......................745,385 .....................(194,049) ......................551,336 ......................105,491 1.3 ..................................... Bonds of afifiales............................................................................ ..................................... ..................................... ..................................0 ..................................... ..................................... 2.1 Preferred stocks(unaffifiated)......................................................... ..................................... ..................................... ..................................0 .....................(805,157) ..................................... 2.11 Preferred stocks of affifiates............................................................ ..................................... ..................................... ..................................0 ..................................... ..................................2.2 ... Common stacks(unaffiliated)......................................................... ..................................... ..................................... ..................................0 ..................................... ..................................... 2.21 Common stocks of affiliates............................................................ ..................................... ...................... ..................................0 ...................1,301,599 .................................................... 3. Mortgage bans............................................................................... ..................................... . 4. Reale .................................................................................. ..................................... . .................................0 5. Contract loans................................................................................. ..................................... ..................................0 6. Cash,cash equivalents and short-term investments...................... ..................................... ..................................... ..................................0 7. ..................................... ..................................... Derivative instruments..................................................................... ..................................... 8. ..................................... Other invested assets..................................................................... .................................... .................................... 9. Aggregate write-ins for capital gains(losses)................................. ......................180441 0 ......................180441 0 0 ................... 10. Total capital sins bsses.............................................................. ......................925826 .....................[194,04911! 731777 601933 ,,,,,,••,,,.p DETAILS OF WRITE-INS 0901. Miscellaneous Capital Gains........................................................... ......................180,441 ..................................... 180,441 ................... ..................................... ..................................... 0902. ......................................................................................................... ..................................... 0 ............................... ...... ... 0903. ......................................................................................................... ..................................... 0998. Summery of remaining write-ins for line 9 from overflow page..... ..................................0 ..................................0 ..................................0 0999. Totals Lines 0901 thm 0903 plus 0998 Line 9 above .............0 ..................................0 ............... ......................180441 ..................................0 180441 •,,,,p 12 Annual Statement b(he yew 2013 of the Erie Insurance Company EXHIBIT OF NONADMITTED ASSETS 1 2 3 Current Year Prior Year Change in Total Total Total Nonadmifted Assets Nonadmifted Assets Nonadmifted Assets Col.2-Col.i 1. Bonds(Schedule D)................................................................................................................... .................................................. ................. .....................0 ................................. ............................................... 2. Stocks(Schedule D): 2.1 Preferred stocks............................................................................................................... .................................................. ..............................................0 .................................................. . 2.2 Common stocks............................................................................................................... . 3. Ivlortgage bans on real estate(Schedule 8): 3.1 First liens.......................................................................................................................... .................................................. 0 .................................................. 3.2 Other than first fiens........................................................................................................ .................................................. 0 .................................................. 4. Real estate(Schedule A): 4.1 Properties occupied by the company.............................................................................. . ..............................................0 ................................................. .................................................. . 4.2 Properties held far the production of income.................................................................. ............................................... 0 ... .................................................. 4.3 Properties held for sale................................................... ...............................................0 ............................................. .................................................. .................................................. 5. Cash(Schedule E-Pad 1),cash equivalents(Schedule E-Part 2) and short-term investments(Schedule DA).............................................................................. . ...............................................0 ................................................. .................................................. 6. Corlbact loans............................................................................................................................ .................................................. 0 .................................................. 7. Derivatives(Schedule DB)........................................................................................................ .................................................. ...............................................0 ................................................. 8. Other invested assets(Schedule BA)....................................................................................... ....................................... ..............................................0 ........... .................................................. . 9. Receivables for securities.......................................................................................................... . 0 ................................................. .................................................. 10. Securities lending reinvested collateral assets(Schedule DL)................................................ ...............................0 . .................................................. ................................................. ................ 11. Aggregate write-ins for invested assets.................................................................................... ...............................................0 ...............................................0 12. Subtotals,cash and invested assets(Lines 1 to 11)................................................................. ...............................................0 0 0 13. Title plants(for Title insurers only,)............................................................................................ 0 ................................................. .................................................. 14. Investment income due and accrued........................................................................................ . 0 ................................................. .................................................. . 15. Premiums and considerations: 15.1 Uncollected premiums and agents'balances in the course of collection....................... ....................................833,858 ....................................837,736 ........................................3,878 15.2 Deferred premiums,agents balances and installments booked but deferredand rat yet due................................................................................................. .................................................. 0 .................................................. 15.3 Accrued retrospective premiums..................................................................................... . ...............................................0 ................................................. .................................................. 16. Reinsurance: 16.1 Amounts recoverable from reinsurers............................................................................. . 0 ................................................. .................................................. 16.2 Funds held by or deposfted with reinsured companies.................................................. .................................................. ...............................................0 .................................................. 16.3 Other amounts receivable under reinsurance contracts................................................. . ...............................................0 ................................................. .................................................. 17. Amounts receivable relating to uninsured plans....................................................................... .................................................. ...............................................0 .................................................. 18.1 Current federal and foreign income tax recoverable and interest thereon............................... ........................ 0 .......................... .................................................. 18.2 Net deferred tax asset.............................................................................................................. .................................2.955,716 .................................3,626,492 ....................................670,776 19. Guaranty funds receivable or on deposil.................................................................................. ...............................................0 .................................................. .................................................. 20. Electronic data processing equipment and software................................................................ .................................................. 0 ................................................. 21. Furniture and equipment,including health care delivery assets............................................. 0 . .................................................. .................................................. . 22. Net adjustment in assets and liabilities due to foreign exchange rates.................................... . ...............................................0 ................................................. .................................................. 23. Receivables from patent,subsidiaries and aififiates................................................................ 0 ......................................4........... .................................................. 24. Fleab care and other amounts receivable............................................................................... .................................................. .................................................. ...............................................0 25. Aggregate write-ins for other than invested assets................................................................... ...............................................0 0 26. Total assets excluding Separate Accounts,Segregated Accounts and Protected CellAccounts(Lines 12 through 25)......................................................................................... .................................3,789,574 .................................4,464.228 ....................................674,654 27. From Separate Accounts,Segregated Accounts and Protected Cell Accounts...................... ......................... ...............................................0 ........................ ................................................. 28. TOTALS(Lines 26 and 27)....................................................................................................... .................................3,789.574 4,464,228 ...........674,654 DETAILS OF WRITE-INS 1101.................................................................................................... 1102.................................................................................................................................................... .................................................. 0 .................................................. . 1103.................................................................................................................................................... ............................4................... ................................................. 1198.Summary of remaining write-ins for Line 11 from overflow Page............................................. ...............................................0 ............................................... 1199.Totals Lines 1101 thru 1103 olus 1198 Line 11 above........................................................ ...............................................0 2501.................................................................................................................................................... .............................................. 0 .... .................................................. 2502.................................................................................................................................................... . 0 ................................................ .................................................. . 2503...................................................................... 2598.Summary of remaining wrfte4ns for Line 25 from overflow0 Page............................................. ...............................................0 ...............................................0 ...............................................0 2599.Totals Lines 2501 thtu 2503 plus 2598 Line 25 above........................................................ ...............................................0 13 ` Annual Statement torthe year 2013otthe Erie Insurance Company SCHEDULE D• SUMMARY BY COUNTRY Long-Term Bonds and Stocks OWNED December 31 of Current Year i 2 3 4 Book/Adjusted Per Value Desai tion CaUng Value Fair Value Actual Cost of Bonds BONDS f. United States........................ .:.....................1,039,742 1,187,072 ..........................313,136 .......................1,197.000 Governments(Including all obfigations 2. Canada................................. ........................................ ......................................... ......................................... . guaranteed b governments) """"' 9 Y9 1 3. Other Countries.................... ................. 4. Totals.................................... .......................1,039,742 1 187 072 3131381197000 U.S.States,Territories and Possessions 1,eand uaranteed S. Totals.................................... 13 687 465 13 993 040 13 946448 11995 000 litical Subdivisions of States,Territories '�"'""""""" ssessions Direct and uaranteed 6. Totals.................................... ....25 459 600 2-515-1512-8-6 25 979118 22995000 ecial Revenue and Special Assessment ��•••••�•�•••••••• ons and All Non-Guaranteed Obligations cies and Authorities of Governments ir Political Subdivisions 7. Totals................................ .72 334 394 7262455865194548 l and Miscellaneous and Hybrid 8. United States........................ ...................307,780,038 320,939,113................... ..................309,878.244 ...................295,508,895 s(UnaffiBeted) 9. Canada................................. .....................11,533,409 .....................11,703,650 .....................11,566,939 .....................11,500,000 10. Other Cour tries.................... .....................39542345 .....................36630735 .......... 38 700 00011. Totals.................................... ...................355 892 528 ...................372185108 ...................358073918 ...................345 708895 ereubsidiaries and Affiliates 12. Totals.................................... ...................................... ... .................... ................... ......................................... ...................... 13. Total Bonds......................... ................ 468 413 728 ...................485 505 064 ...................472 278 373 447,090 443 PREFERRED STOCKS 14. United States........................ .....................18,497,042 19,125,775 ..................... .....................18,460,600 Industrial and Miscellaneous(Unaffiliated) 15. Canada................................. ......................................... ......................................... ......................................... 16. Other Countries.................... .......................1624 392 .......................1624 392 .......................1663 200 17. Totals.................................... .....................20121434 20 750167 20123 800 Parent Subsidiaries and Affiliates 17. Totals.................................... 19. Total Preferred Stocks....... ...........20121 434 20 750167 20123 800 COMMONSTOCKS 20. United States........................ ......................................... ......................................... ......................................... Industrial and Miscellaneous(Unaffiliated) 21. Canada................................. . ........................................ ......................................... ......................................... 22. Other Countries.................... ......................................... ......................................... ......................................... 23. Totals.................................... ................................ Parent Subsidiaries and Affiliates 24. Totals.................................... .....................22 020 707 ..... 22 020 707 . ............... .......................7,135 463 25. Total Common Stocks....... .....................22 020 707 22 020 707 7135 463 26.Total Stocks....................... .....................42142141 .....................42 770 874 .....................27,2,59,263 27. Total Bonds and Stocks_.. ...................510,555,869 ...................528,275,937 ...................499,537,636 S104 1 Annual Statement for the year 2013 of the Erie Insurance Company SCHEDULE E - PART 1 - CASH 2 3 4 5 Amount of 6 Amount of Rete Interest Interest Accrued De osito of Received December 31 of 0 en De ositorles Code Interest Dudn Year Conant Year Balance Ll PNC Benk..................................................................................... Pittsburgh,PA 15258....................................................................0199999.Total- n0e Ntodes................................................................................................................ ........... .......................... . .......................(4200) XXX ............................... .............................. 0399999.Total Cash on Destt.......................................................................................................................................................... .XXX... .........,XXX......... .............................0 ,I XXX.. 0 ....................... 0599999.Total Cash.................................... .............................0 .............................0 4,200 XXX.. .......................................................... 0 ............................. (4200)XXX.. TOTALS OF DEPOSITORY BALANCES ON THE LAST DAY OF EACH MONTH DURING THE CURRENT YEAR E3.March .................. ......................(11040.849) 4.April................................... .. ... (804.570)�ftus Juty.............................. Feb!ru • .(20,8811) 10.October.......................... ary............................ ...... ............................... 2046.957 5.May.................................... (45,586) t............................... ................................ ............................... ...................................(520) i t.November........................ 3.463 6.June................................... 0,881 Camber........................ .................................(12,098) ........................229,830 12.December........................ ...................................4200 E26