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HomeMy WebLinkAbout05-1883 /dfo~. ~J7~ d.7r*..". ~ '....iT.. OF ~~.. O~ - IPf3 Clo;l ~8L""l COMMONWEALTH OF PENNSYLVANIA INSlRANCE DEPARTMENT Harrisburg,PA April [,2005 Whereas, the ERIE INSURANCE COMPANY, located at Erie, PA, has filed in this Department a ccrtified eopy of its charter and a detailed statement of its Assets and Liabilities, and otherwise complied with the requirements of Seetion 661 of the Aet of Assembly of the Commonwealth of Pennsylvania. entitled "An act relating to insurance; amending, revising and consolidating the Law &c.," approved the 17'M day of May, ;\,0, 192 L as well as with the requirements of the laws of this Commonwealth applicable to such company in doing business herein. Now Therefore, I, M. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, do hereby certify, in accordance with Section L of the Act ofAsscmbly approved June 29,1923 and known as act No, 373 oflhe Laws of] 923, that the Erie Insunml'c 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 \Vitness Whel'eor, 1 have hereunto set my hand and affixed my oflicial seal, the day and year first above written, 1- o 1\L - - - " }-J "0 - ~ (jJ -I.q - :l-..J C> ~J r-- \D t ~ ~ ~ ~ ~\ ?tJ ~ -- r-:> ",J.1", ;"";,' '6 .' {J' c:> q" ~-D f'':\ c, -q,\? -~?-~<5;\ -/:r~'{~, :~~~ .0 '..-- PROPERTY ANO CASUALTY COMPANIES. ASSOCIATION EDITION Main Administrative Office Mall Address Internet Website Address Statutory Statement Contact Chairman of the Board: Senior Executive Vice President, Secrctary&GeneralCounsc[: Executive Vice President: Executive Vice President: Eugene Charles Connell James Raymon Roehm Michael Stephen Zl!vasky Jeffrey William Brinling lames Michael Carlucci Dennis Gale Conley David Charles Froelichll John David Keys Timothy Gerard Maher Robert Fredrick Morgan, Jr. Patrick William Safstrom Karen Barbara Veiger Michael David Wolfe Kaj Ahlmann Patricia Garrison-Gorbin FrankWillilUnHirt Robert Charles Wilburn State of County of 11"lg~III~Ullllmlllml . 2 6 2 6 3 2 004 2 0 1 001 00. ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2004 OF THE CONDITION AND AFFAIRS OF THE ERIE INSURANCE COMPANY Frank William Hirt JanReidVanGorder Michael Joseph Krahe Thomas Brian Morgan 25-1232960 PENNSYL V ANrA January L 1973 President & ChiefExeculive Officer: Jeffrey Alan Ludrof Executive Vice President & Chief Financial Officer: Philip AJan Garcia Senior Vice President, Trcasurer& Chieflnvestrnent Officer: Douglas Frank Ziegler George Raymond Lucore Eric Douglas Root SENIOR VICE PRESIDENTS PatTicia Anne Rech# Barry Paul Stiles Timothy Gerard NcCastro JohnPierceSommcrwcrck George David Dufala REGIONAL VICE PRESIDENTS Christopher John Zimmer Teny Lynn Hamman VICE PRESIDENTS Ronnic Lec Chamberlain John Patrick Dean Richard James Hinman Karen Kraus Phillips Terry Lee McConnell Matthew Wayne Myers Ann Karmazon Scott GlIl)' David Veshecco Marc Cipriani Douglas Norman Fitzgerald James Gerald Horvat Raymond Edward Leeds Karen Jean McEnery Robert Lawrence Oliver David Carmen Tulill{} Carol Sue Weirich Louis FelixColaizzo Ross Clark Fonticella Richard Scott Huber Charles Tbomas Longua Donald Edward Moczulski James Anthony Polito Michacl Boniface Vehec Richard John Wisniewski NAIC Group Code ......1.!.l...- -1lL NAIC Company Code 26263 Employer's ill Number (Current Period) (Prior Period) Organized under the Laws oftbe State of PENNSYLVANIA State of Domicile or Port of Entry Country of Domicile JJ~ Incorporated Seotember 11, 1972 Commenced Business Statutory Home Office 100 Erie Insurance Place Erie PA 16530 (Street and Number) (City or Town, State and Zip Code) 100 Erie Insurance Place Erie PA 16530 814-870-2000 (Street and Number) (City or Town, State and Zip Code) (Area Code) ([elephone Number) 100 Erie Insurance Place Erie, FA 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 (Sueel and Number) (City or Town, State and Zip Code) (Area Code) (Telephone Number) www.erieinsurance.com Christina Marie Marsh 814.870.2000 x2785 (Name) (Area Code) ([elephone Number) (Extension) christina.marsh lalerieinsurance.com 814.870-4040 (E-Mail Address) (Area Code) (Fax Number) Policyowner Relations Contact Rollin Richard Swanson 100 Erie Insurance Place Erie FA 16530 814-870-2000 (Name) (Street and Number) (City, State and Zip Code) (Area Code) (Telephone Number) OFFICERS DIRECTORS OR TRUSTEES John Thomas Baily John Ray Graham ClaudcClitfordLiIly,II1 Pennsylvania I SS Erie I John Ralph Borneman, Jr. Susan HirtHagen JelfrcyAlanLudrof Wilson Charles Cooney Charles Scou Hartz Jan Reid VanGorder 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 NAIe Annual Statement lnstruclions and Accounting Practices and Procedures manual except to the extent that: (I) 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 infonnation, 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 of the enclosed statement (except for fonnatting differences due to electronic filing). The electronic filing may be requested by various reg~la~~ in ~ie~ of i'V in addition/to the enc~s~ sIa2~t. 4 _ _ 'f;J/. A ~r...... ~ -I~ Q,.-d .uacof, President & CEOU "an Reid Van Gorder, Senior Executive Vice Philip Alan Garcia, Executive Vice President, Secretary & General Counsel President & CFO (a) Is this an original filing? Yes (X) No ( ) (b) Ifno: (i) State the amendment number: (ii) Oatefiled: (iii) Numberofpagesanached' Subscribed and swomto before me this 22~J::;t.r;:"YlOf,-,~ COMMONWEALTH OF PENNSYl.VANIA _, Seal Ka.-A Ewlro. Nola(y PubIc City Of Erie. Erie CcunIy My CommIosion _..." 13,""'" Member, Pennsylvania As8OClatlon OfNaUlrMIR Annu.ISlalemenlill'th/! yeorlOO4 of tile Erie Insurance Company ASSETS 1. Bonds (Schedule D)... 2. Stocks(Sc/1edu~D) 2.1 Preferred stocks... n Common !3tocu.. 3. I\.iOrlfIageloansonrealestate(ScheduIeB): 3.1 FirstUens.. 3.2 Otherlhanflrstliens.... 4, Real estate (Schedule A): 4.1 Properties occupied by the company (less $. ,.......0 encumbrances)... 4.2 Properties heJd forthe production ofinoome (less $. ......0 encumbrances). 4.3 PropertiesheJdforsa~(lessL... Oern::umbrances)... 5. Cash($."..(38,818),Sch.E--Part1),cashequivalents($"........0, Sch.E-Part2)andshort-l9fminvestrnents($.....3,437,904,Sch.DA)... 6. Conlraclloans(lndvding$........Opremiumnotes)... 7. Olherinvested assets (Schedule BA)...... 8. Receivableforsecurilies... 9. Aggregatewlile-il\s{t;;(~asse\l;... 10. Subtolals, cash and invesled assets (lines 1 to 9)... 11. lnvesbnenlincome due and accrued.. . 12. Premiumsandconsidera~ons: 12.1 Uncollectedpremiumsandagents'balanceslncoursoofcolJection..... 12.2 Deferred premiums,agenls'!mlances and installmtmlS booked but deferred and not yet due (indudlng $... ...0 earned but unbilled premiums)... .. 12.3 AccruedrelJ'OSPeclivepremiums... 13. Reinsurance: Assets .........310,730,526 Nonadmitted Assets PriorYear 3 4 NetAdmilted Assets Net Cols. 1 - 2' Admitted Assets .............310,730,526 ........234,407,041 ...............3,399,086 ...........59.294.228 ....0 ,0 ..........38.258 .....0 .345.939.130 ......3,660,266 urrentYear 2 19,948.520 ..11,1l22,741 ..............3,399,086 ......38,258 ........".....0 .........345.939,130 ..............,.3.660,266 ........0 ......"..0 ..............53,630,878 19,948,520 ....11,822.741 .......39,512.672 .10,991,909 ...0 ,0'""..,.., , ,..0......,.""""."",., o ,0 ......45.949 ....".....0 .........344,251,799 ...............3,001,065 ............289,516.............53,341,362 ......".....51,962,097 ............153,054,017 ...........,,153.054,017 .......145,676,146 ....0 13.1 Amounts reroverable from reinsurers .",,'01,146 ...............,1.458.981 13.2 Fundshekl by ordeposiled wilh reinsured companles... . 1'13- O\tIeramoun'iSrete\vab\eunderleinsuraflcecorrtr1lcts.... 14. Amoonts receivable relating 10 uninsured plans..... 15.' Current federal and foreign I11come tax recoverable and interestlhereon... 15.2 Net deferred tax asset.... 16. GuarantyfiJndsreceivableorondeposit... 17. EJectronicdalaprocessingequipmentandsoftware... 18. Fumitureandequipmenl.incllKlingheallhcaredeliveryassefS($.........O)... 19.NetadjtJstmeatklassetsal\d~duelcfore!gnexcnangenrtes..... 20. Re<:eIvablesfromparentsub5ldiariesandaffilialeS... 21. Health care \$ ".......0) arn!o!heramounts receiVable... 22. OlITerassetsnonadmilted... 23. Aggregatawrite-lllsforolherlhaninvestedassels.... .................. 24. Total assets exdudlng Separate Accounts, Segregated Accounts and Protected cenAccoonb(Lines101023).. 25. From Separate Accounts, Segregated Accounts and Protected Cell Accounts... 26. TOTAlS(Unes24and25}..... .................. ............,,6,746,795 , ..............1,197,863 ...360510 ..........1,197,863 ........0 ...........566,109,585 ..........1.487,379 ......566,109.585 .........1.487,379 DETAILS OF WRlTE.INS .........61.146 .....1.458,981 .,,1,363,237 .....0 ,,0 ...,,0 ...,6,746,795 ..............6A19.5<l9 ....0 ",0""""" ..,,0 ....0 ....0 ....0 '....""m... ..0 ........360510 ..............564.622,206 .."I) ................564,622,206 ,. ...449999 ..........553,123,851 .........553.123.851 0901. ....0 l)9I}2.. ............. ....0 0903.. ...0 "...~m 0998. Summary of remainln!! write-ins for Una 9 from overflow page.... ",..........,0 ........0 ,,0 ."...,....0 0999. TotalsfUnes0901Ihru0903pfus0998)/Line9Ilbovel....... ............. .. ...~ ....0 .. ....0 ....0 ......,....0 12301. Premium Tax Credils... .................260.206 .......260,206 ..373.161 2302. QtherAccounISReceivables...... ....94,441 ,....................94,441 71,009 2303. Equities and Depos!ts in Pools and Associations.... .....5,863 ..........5,863 '" .....5,829 2398.Summaryofremainil\g\HliIe-i!\Sf<){t.il\e23-lrolno~ertkmpage... ............0 .........0 ...0 ..... ............0 2399, Tolals lLines 2301 lhru 23030lus 23981 lLine 23 abovel....... ...............360510 ,.......0 ......360510 ......................449999 2 Anm>'IlSl*mlerltlc,lheyear2OOolo11llo Erie Insurance Company LIABILITIES, SURPLUS AND OTHER FUNDS 1 Current Year 1. losses (?artZA, Une34, Cclumn 8)... Z. Reinsurance payable on paid loss and lossadjuslmenl expensas (Schedule F ,Part I,Column6)". 3. Loss adjuslment expenses (part2A, Line34,Column9). 4 COOlmisslons payable, COI1~flQent commissJons and other similar charges... 5. Otherexpensas (eXcluding laXas,licenses and fees),. 6 Taxes, licenses and fees (excludJng federal and foteigll il\COme\axes\,.. 1.1 Current federal Md foreign mrome taxes (illdlJdill9$ . ,,0 011 Tealizoo capllal gains (losses)) 1.2 NetdefecredtaY.Uwiiity... a ~edmcrwy$......OllTldinleresllh6feon$ .0 9. Unearned premiums Ipart lA, line 37. Column 5) (alter deductin9 unearned premiums lot ceded reinsurance of $. . 244.247,999 andirICIlJClirl9warrarny{~seNesoj$ .. OJ 10 hMmceplOO'l\lJms... 11 DMdemls declared and unpaid' 1~.1 Stockholders,.. l1.2Policyholder$, 12. Ceded reinsurance premiums payatHe (net of cedil19 COOlmissions)... 13. FundsheldbyCOlTlpenyuflderreinsutallcelfeatles(ScheduleF.parl3,CoIumn 19\.... 14. Amounlswill1held or retained by company for accoonl ofolhers.. 15. Remittances and Items not ailocated.. 16 Provi~onlorreinsurance(SchedllleF,Part7\..... 17. Netedjustmentsmassetsandli<lbil\liesd\lf!\ofcteignexchangerales..... 18 Ofaftsoutstaodlng... 19. Payabletopamnt,subSidiariesandalfinales.... 21l Payablakrseo.lrities.. Z1. Uabilityforamounlsheklunderuninsuredeccidenlandl1eaUhplaos...,.. 22, Capilalnotes$..........Oandinlerestlhereon$..... 0.... 23 Aggregate Write--iflS lor Iiabililies.. 2-4. TotaJ!iabili~esexcludingprctectedcell)iabilities (lines llhmugh23\". 25. Prolecled ceU ~abllilies. 26. Tolal liabililies (Unes 2-4 and 251... 27. Aggregala wril.e-mi!ofOl' spedal smpIus fundi!... 28. Commoo r:.apital s\Qcl\... 29.P!~capi\als\ock.,. 30. Aggregalewma-insfOl'otherlhanspadalsurp!usfuncls. 31. Surplusnoles. 32 Gross paid in and coombuted surplus.... 33 Unsssignedfunds(surplusj,.. ...."".....14\.13S,45S ......280.823 .......,26,'63.449 50.000 ,............-45.916 ...2.93f.748 ..............104,720 .....,79,705,928 ..1,1511,(121 "....%3,357 .......157,4615,113 2 PIioIYw ............125.325,791 .....,677.692 .......23.481,567 ..."..50,000 .33,672 .........3,284,857 ...,426,762 ,.."". , m. ........73,7W.a3S ......1.'337.144 ..1.074.229 ...172,719.276 ....,766,879..................617.120 ............12,9S\,5tS ..........10.921,'138 ..............2,005,300 w.l6(J7 ....................................424,198,604 ...,....424.198,604 .......0 ....2,:wJ.lJOO .......11.168.298 .......426.923.284 .......426,92.'J2M .......................11 ....2,~,1lOO ........I) ...................,.........0 ...",..81.482,000 .....,56,591.601 34 Lesstreasurystocll,alcost 34,1 .. ..0,000 shares common (value induded in Una 2a $. .... ,Il)... .. 34.2.. ......O'OOOsharesprefaned(~alueindudedmLinen $. .......0)... 35. Surplus as regafds ptjicy\lold$l{Ur.es 21 1033. lesS 34) (?age 4, Une38j... 36. TOTI\lS{Pag&2,Une26,CoI.3).. .."....81.482,000 ..,.42,368,566 ........1404236(12 ,.........".1~200566 .......56(,622,200 ............553,123,861 DETAILS OF WRITE INS 23Dt. Securi~ElSLendirlgCoIlateraL.," ,,,..."h._,,, ......,,,10.989,182 2302. 2004 North Carolil'le Pri~ala Passenger Auto Escrow... .....179,116 2303. At;crued LAD/ClAD".... ...1,607 2398. Summery ofremaifling wrile-ins for Une 23 frorno'MIIbN page... ..........0 .........0 2399. TotaIsIUnes2301ItmJ230JoIus239&IIUne23abo'rel".... . ...1607 .,,,,",,,1116&293 2701. 2702, 27ll-3. 2198. Summary of remsming write-ins for Una 27 from OVEIrlICIYi page... .,,0 ...."...0 12199. Totals Unea2701lhf\J2703 Ius 27981 IUne27 abovel..... .,,0 .........0 "" 3002. 300l 3098 Summary of remaining write-ins for Line 30 from overl!CIYi page... ,0 ......,,0 3099. Totals fLines 3001 lhnJ 300J P/us3098) (line30abOVllj",. ..."...0 ......".0 3 MnualS\alfmllnlrorlh"'f03l2004orlfpo Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT STATEMENT OF INCOME UNDERWRITING INCOME Current Year 1. Premiums earned (Part 1, line M. Col\Jmn 4).. DEDUCTIONS 2 lossesincurrec!(Part2.Une34,Cojumn71.. 3 Lossexpensesincurred(Part3,Line25,Column1)... 4, Otherunderwritingexpensesincurred(Part3,Lir\e25.CoJumn2).... 5. Aggregatewrite.lnsforunderwrilingdeduclions... 6. TOlalunderwritlngdeductions(Lines2throughS),,,.. 7. NetiflOO'Tle of protected cells.. B Net unclerwri~ing gain (loss) (Line 1 minus Line 6 plllS Line 7),.. INVESTMENT INCOME 9. Nel iIwes\merJ\ \n~ome earned (Exh"illit ofNel Inveslmenl Income, line 17).. 10, Net realized cap~31gains (Ilme$) (Exhibit 01 Capital Gains (Losses)).".. 11 Nelinveslmentga(r\(!oss) (lk\es \I... 10)..... ......190,819.675 .121.009.474 ,18.634,160 .........52,665,063 .............,,,196.554 .........192705,271 ,\1.i~5.59B) . ".17,375,671 .....2,919886 ..20.295.757 OTHER INCOME 12 Net gain (loss) from agents' Of ~remium balancesctlalged{)!i(amoonI rec{)'leled $... 2,%7.988 amollnlchargedolf $.....3.712,122)..... ...,,-.~... 13. Finance and sefViCe charges not incfudoo n premii/lllS..... 14. Ag9regatewrile-insformiscellaneoU$income..... 15. Total other Income (l.ines 12 through 14)." 16. Nelincomebeforedl~ldendslopolicyhoJdersandbeforolederalandforeignincomelaxes(lines8+11 +151"... 17. Dividendslopolicyholders..... 1&. Net lnrome, after dMdends 10 pOlicyholders but before federal aoo foreign Income taxes (line 16 minus Line 17)... 19. Federalandfu-reignincomelaxesinc;urred... 20. Net income (LlM 16 minus Une 19) {to l\ne 22)... . .....(744,134) ...39783 .......1704351 .............17,705,810 .......m353 ....16-,9Za.457 ................"..3536,159 ..............,...13,392,298 CAPITAL AND SURPLUS ACCOUNT 21. S\IIlllIlS as reganlS policyholders, December 31 priOryear (Page 4, Line 38, Column 2)...... GAINS AND (LOSSES) IN SURPLUS PrIorYw 175,994,770 ..........,,122,244,653 ......18,25M62 .....51.173.015 .....649,445 .....192323,174 ...116-,32'8,404) .......16.199,416- ....4.560.627 ,_... .2.0,760,MZ (624,626) .....,,31,810 .,......._~.J592.816 .................3.838.822 ....888,250 ........2.,9&1,571 ..2.672579 ........77,993 ..-__...126,200,558 ...... .......74,884.413 22. Nelif\ComeilromlkleW)..... 23. Change In nel unrea!ized ca!lital'ilU Of \lOsses)..... .......... 24. Cllangelnnstunrealizooforegn9):Cl\angecapita\gam(lossj... 25. Change In net deferred inoome laX..... 26, Change n ncmadmitted assets (ExhibR of Nonadmitted Assets, line 2Il CoIumrl 3\..,,,. 27. ChBll!Je In pro~is)On for reinsurance (Page 3, Line 16, Column 2 mlflus Column 1)..., 28. Change tnsurplus noteS.. 29. Surplus (conlribufoo to) withdrawn from proteGt€(j cells... 30- Cumulallveeltectofchangesinaccollntingprincipfes..,. 31. Ca1*'l\changes: 31.1 Pa!drn.., 31.2 TransfemldfromSUf?llIo;.{SlocI\Dw\dend).... 31.3 Tmnsferredtosufllh.l!L. 32. Surplusadjuslments: 32.1 Paid In... 32.2 Transferred 10 C<lpital (Slock Dividend)."... 32,3, Transferred from capitaL".. 33. Net rernIttancas from or (to) Home Office..., :lot. Di~ldendstostoc!lholders..... 35. Change in Irtlasury stock (page 3. lines 34.1 and 34.2, Column '1 minus Cofumn 1).. :!-S. Aggregatewme-inslorgainsandlossesif1Surp/us... 37.~iflslJll)lllSasreg-ardspolityholdmforlheyear(Lines22lhroughJa)...... 38. Sufll!usas regald$pclltylloldels,Oetembel 31 currert year!Une 21 pfus Line 37l (Page 3. Line 35)...... OET AILS OF WRITE-INS ....13,392.,298 .........1.058.339 ....(1,329.892}. ......1,102,290 ............0 ",,14221,036 .........14Q,423,602 ......TI,993 ...1,103.056 ..2,327.829 ........(2.192.725) ...........,_50,000.000 ........,0 ."............51,:)16,153 .......1:re.200,566 0501. LAD Program. Expwe..... .........375,672 ......557,488 0502. NorlhCllrollna Private Passenger,wtoEsero>H... ......... 'm...'" ........(179,117}. ",.....91,957 0503, "'~,"'" 0598. Surnmaryofremainlngwrite-inlllorUne5 from over1lowpage... , .....0 .........0 0599. T~(Unes0501thnJ0503n1lJS0598){Llne5abO~el..".. ......,,196554 ....649.445 1401. Miscellaneous Income... .39.783 ............31,810 1402. 1403. "......... ..,,,....,,,,,.. 1498. SlImmary ot remaining write-ins for Une 14 from overflow page...... mm"" ............0 ..."....0 14B9. To\aIslL\nes14o-1 thnJ 14(13 nius 1498) (line 14aboveL....,.. ....39,7R3 ...............31.810 3601, 3602. 3603. ......"..... 3698. SlJI11mary ofremall1ing wri16-ins for Une 38 from overt\oW llaQe...... .".......................0 ..,....0 3699. Totals/Unes3601 thnJ3603Dtus3698)(Line36abo~e)... ....,0 .......,,0 4 M",,~SIa\emer.\ioJ'trJe-yllar1OO4DI\he Erie Insurance Company I 2 Current Year Priol'Vear CASH FROM OPERATIONS 1 Premiumscolledednelo(reinsurance, ................112,002,651 ................176,659.3B6 2, Nelinveslmenlincome... . ,....,,~G,935,OO2 ...16,180,262 3, Miscellaneous Income... ..........n04351 ...1304894 4, Tolal(L.Ines 1 lhrough3)..... ...,,189,293,303 "....191,534,754 5, Benefilandlossrelaledpaymenls.... "...105.753,564 ,....107,'26,038 6, Nellransfers to Separate, Segregated Accounts and ProlectOO Cell Accounts." 7, Commissions, expenses paid and aggregatew/ite-ins for deductions... . .......69,365,624 .......,66,670,168 8, Dividends paid to policyhOlders.... ...868,224 ......735,028 9, Federalandloreignincometaxespaid(recovered}$... 655,329 nelof tax oncapital gaills (Iossesj.." .......,,3858201 ,.....,13295977 10 Total (Lines 5 through 9).... .....179,845,614 ......171,235,257 " Nelcash from operabons (Line 4 minus Line 101.... ..............9.447,689 ......,..20,299,497 CASH FROM INVESTMENTS 12, Proceeds from investmenls sold,matured Of fepaid: 12.1 Bonds....... .....61.472,612 ............_......84,985,282 12.2 Slocks... ........29,704,006 "...7,597,690 12.3 Mortgageloan5" 12.4 Realestate.>>.. 12.5 OtherinvestErlassels... 12.6 Netgainsor(losses}oncash,cashequivalems and short.lefTlllnv8Slments.. 1V MisceUaneoosproceeds... ............. .......... .".....7691 .....2024050 12.8 i<l\a\iIIves\mell\procee<b(lines12.1to'2.7)... .......... ........91,'84,309 ...94,607,022 13, CQStofinv~\menIsat:quired{long-lermonI)'J: 13.1 Bonds.... ......136,217,003 ..",........115.22S.754 13.2 Stocks........ .,,,..,,.,a,207,925 ,..10,729.129 13.3 Mortgage-loans..... 13.-4 Reales\ate..... 13.5 Other Invested assets..... 13.6 MIsceltaneousapplicabollS..., ...................".2005300 ..14015 13.7 TolatinveSliMntsalXjulfed(Unes 13.1 to 13.6) ............. ...,...... .......14G4303O& ........125972898 14, Nelincrease (deae<lse) In policy loans and premium ootBs... . ........~..m... 15, Neicash from Investments (Une 12.8 minus lines 13.7and14)...... ...,........(55,245,999) .......,.(31,365,876) CASH FROM FINANCING AND MISCELlANEOUS SOURCES 16, Cash provided (appned); 16.1 SurpJusnotes,capita,no!es... ...m......... ...50,000.000 16.2 Capital and paid In surplus, less tTeasury stocll ........~. ".......... .......". 16.3 Sorrowed funds recelYed......, ....".. ..-... 16.4 Neldeposilson ooposfl-typeoontraclsand otherinsulal\alliabi\i\ies.... 16,5 Divk1endstoslockholders...... 16.6 Other cash provided (applied1... " ...../10096832 ...............1933114 \7, Netcash fromflnancing llnd miscellaneous OOU!'CeS(lines 16.1 \0 16.4mlnus lJne 16.5pkJsLlne 16.6)........ n. ........110096832 ...51933114 RECONCILIATION OF CASH AND SHORl.TERM INVESTMENTS 18, N9tcl\al\ge in cash and short.\eml\mtestrnents llile 11 plllaUne 15 pJusUne in...... ......."... .......... ....,..(55,895,142\ ...-40,666.735 19 Casharnlshort--t9Tminvf:stmenls: 113.1 Begirln\ngolyeal.... .........sg,2.~,228 ...16.427,493 19.2 EndoIDerlodlllne18Dlusline19.1\..... ..........................,... .....................,.. ....... ........."... .......... ..............3Z'a9086 ...59294228 CASH FLOW Nola: Su lementald closures ofcash tklw I rmallonfornon..cashlransa ns: 20,0001 5 l>.\I!IIlal~lolhjllif2llll4ol~" Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1 . PREMIUMS EARNED UneotBusiness , , 3 Unearned Premiums Unearned Premiums N" December31 December 31 ?remiums Prior Year. CurrenlYear- Written per perCoL3 L<l$\ perCol.S Column6,Palt1B Year's Part 1 Palt1A "...917,550 ..3-55.G52 ,402,599 .,282,740 .............106,538 ,122,516 "........,8,389 "....2,S4{l .......2,540 ..36,804,917 ....12,856,412. .....15,121.729 .................".23.6118.1I27 .............7.9S7,m .........8,891.304 ....2 , ..,,,.841,22J ..290M2 ........313.341 t Fire... 2, Alliedllnes...... 3 Farmowne~mu!(ipleperL.. 4, Homeowners mulliple penL 5, Commercial multiple periL... 6 Mortgageguaranly,. 8. ~al\mari!lC.. 9. Iniandmarine.. 10. Fi/1ancialguaran\Y... 11.1 Medicaltrralpractice.occurrence", 11.2 Med\talmalprac'rice claims.made."... 12. Earthquake.... ,....\5) P~s Earned During Year ICoIoI",O) .....870.002 268,762 ..,......lUBS "...........34.539.601 .............22,789.O{JO .......0 , .,...817,854 ...__...0 .......0 .............0 13. GrOlJpacckienlalldheallh,... 14. Credit~andhea\th\9rll\l1landindMdual)..<,.. 15 OO1eraccklenlardhea/lh... 16. Wotters'compensatlon... 17,1 OIherliab~i1y. occurrence.." ,..,......\1) ,,' ...0 ...0 ........6,277,327 ,..............,,17.712,230 ...1,908,875 ...':l,437 .......98,005 ....,..0 ....,,56,871,284 ,........,,11.632,589 ........45.427.179 ........................(1 .......33.782 .............."....2.49,882 ...1.515 .........,0 , .............0 ....200.549 ........(2,448.156) ,.............. "......22,475 ........0 ......(5) ..111 ...17,933.927.........."......Q,055,63O 852,674 .. ........1,(165,014 .....,2,121,216 .....9,896 ...99,733 .....1(1.82(1 .............."......."...11,278 172 OO\e{liabilily-daims--made.. 1B,1 ProdUC\.SUabUity-occurrence...... 18.2 ProductsliabUiIy-c1ams-made,... 19.1.19.2 PrivalepassengeralJtoUabillt-j.... 19.1,19.4 Commertlalautoliability...m 21, Auto physical damage... 22 Alrcratl(allpenls)". 23. Fidelity".. 24 Slltety..... 26. Burgleryandlhell..., 27. Boiler and machinery.,.." .....35,612 .....,36,380 ....58,584,30(1 ...............22,374,947 ....11.953.612 ......,....,.4,22(1,413 ...45,849,110 .....18,056,900 .......24,081,963 .........4.5-11.436- ............18,478,831 .....16,7(15...........................16,470 ..........33.547 ........246,sn ....1.299 ...138,821 .......................854 .. .......135,516 .".638 26, CredL... 29 International.. 30. RelnslNBnce.nonpropol1ionalassurTJe{jpropelty..... 31, Reinsurance -lIOIIpmportkmalassumed "abiliIy,.. 32. Re\nsurance-nonproportiooalassllTledlinanciallines.... 33, All9regalewrfte.insforolherlinesolbusiness... ....(2.673.574) ...22,475...... ...425,96(1 .....(1 ... .....73,799,839 ........"....79,705,928 ............0 .........0 .....,......190,819,675 ....IJ .........196,725,764 DETAILS OF WRITE-INS 34, TOTALS.." 33D1- .......... ....(1 3302. "'..~.... ...............0 3303, .... ....."'~". ".........................,.......,,(\ I 3398. S\Itllll3f1 ol remaining write.lns lor Line 33 from o~en1ow page...... ....(I ...........0 ".....1} ..,......0 3399. TolalslLines3301 Ihru 3303 llIus33981 lLine33 abovel......... .... .........(1 ......0 ......0 0 6 MnualStateOllllllfortl1eyaar2004oftl1e Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1A. RECAPITULATION OF ALL PREMIUMS (a) Gross premiums (less reinsurance) and unearned premiums an all unexpired risks and leseNe for retum premiums underrate credilorrettosoectiveralinnnlansbas ed unon eXllerience, viz: 1 2 3 4 5 AmoorI\ Unearned AmounlUneam611 Reserve/or (Running One Year (Running more than RaleCredils TolalReserve or less from Dale OneYearlrom and Relrospeclive for Unearned cl~:'1 [)ale~biolICY) EamedBul Adjustments Based Premiums lineo/Business UnbilledPremium on Exoel1ence Cols.1 +2+3+4 1. Fire... 402,587 .... .......12 .402,599 2, Allied lines... ..122,508 ...8 ...122,516 3 Farmownel5 mulllple peril... ..2,540 ", 2,540 4 Homeowners multiple peril... ........,....15,121,720 9 - ,.....15,121,729 .. 5, Commercial multiple paiL ...,8,892,989 ....4,315 ....... .....8,897,304 6, Mortgage guaranty... ...........0 " Oceanmarir;e,.. " ...2 ,,' I,......,,'.."" ......2 9 Inland marine,,,.. ....." ...313,732 .............109 ....313,841 10 Financial guaranty.. ...."..... .........." 0 11.l Medicalmalpraclice-oa;urrence..".. ......", ,,0 11.2 Mediwl m~praclice - daims-made... ......."....0 12, Earthquake... ..""..(5) .... ......,,[51 13, Group acciden! and heallh.. ...........0 14, Cled\tactldenlaMhealth\!l1oupand\ndividual)... ...........0 15, other accldenl and health... ......,... ........._,..... ........,....0 16 Wor\(ers'compensalion...... ........ 6,275,202 " ........,,2,126 .... .......6,m,327 17.1 Otherliabillty-occurrenClll,.. ..........1,061,321 .".......3,693 ............1,065,014 17,2 Other liability - daims-made..... .............11,278 ....1,,278 18.1 PrOductsliabilily-occurrence". ."...0>...........$,379 ..............., ....36,380 18,2 Productstlabiity-daims-macle... ......".....0 19.1,19.2 Privatepassengerautollabtlily... ."....24,1)81,963 ..........24,Da1,963 19.3,19.4 Commercial auto HabiHIy..., .... "'0>...4,541,436 ,,,...........4,541,436 21, I\utoptl~s\caldamage." .......18,478,831 ...........18,478,831 22, Aircrall:(allperils)... ''"'"''''~m''' ............0 23, FldeUty", ..,.........15,115 ....."..1,355 ............ ...16,470 24 Surely..... ..,,,......102,296 ......-33,220 ..........".135,516 26 Burglary and lhefl". "..638 ........638 27. Boller and machinery.. ............0 28, Credit ...........0 29, In!ernatlonal... ............0 30, Reinsurance-nonproportional assumed properly... ....200,549 ............200,549 " R~iIIs\lr&\Ce IlOnplOportionalassumedYiability... ..........0 32, Reinsurance nOT1proportional assumedflMnCial lines.... ............. .........."...._m ...........0 23, Aggreg9lewrite-insforothertinesofooslness... ......0 ....".........0 .....",0 .......".. ...................0 ...........0 34, TOTALS... ................ ""..79,661,079 .."..44,848 ...."..l\ ,................0 ..........79,705,928 35 Accrued retrospective premiums based on experience.... 36, Earned but unbi.Ued premiums,.. 37, Balance{sumof~inesJ4throllJh36)... ,.......,,79,705,928 3J01. ..........0 3302, ,.........0 3303. "_m ,.... ..".... 0 3398, Summary of remaining write-Ins for Une 33 from overflow page... ......0 .............0 ......,0 ...."...........0 ..........0 3399, Tolals IUnes 3301 thru330J n1us 3398I/Line33 above1...... ."...0 ............0 .......0 ................0 ..........0 DETAILS OF WRffE.INS (a) Bygross premiums is meantllle aggregate ofalllhe premiumswrillen In the po!k:ie9 or renewals in folce, Are lhey sorelumed tn lhisslalement?Yes r XI No f J. (b) Slate here basis of com pula lion used In each case: MonthlyPro-rala 7 M~uaISlale"",ntforlh"yur20Il4o!t1>8 Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART lB . PREMIUMS WRITTEN Gross Premiums less Return Premmms, lncludin Pone and Membershi Fees Written and Renewed Durin Year 1 Remsurant& Ass\J1Tle<l ReInsurance Ceded 2 3 4 5 LineafBusiness Dlrecl """"" , From Affillates From Nan-AffiliatM lo!l.fliiate:; .373,021 ...917,550 ......,,373,023 17B,904 .282,740 .......176,004 ".....8,389 ...20,424,973 .36,804.917 ...2Q,424,973 ...28,254.703 ""..2-3.6aM21 ...27.567,870 To Non.Affiliales 6 Ne\ Pl1!mlums W'""" (Cols.1-t-2+3 -4-5 ....,,917.550 .....,282,740 ...8.1813 ....,...30,804,917 ..686,833........23,688,827 1. Fire... Allied lines..... Fam1Q\lloe-!SmIlllipleperiL. Homeowrwrs multiple peril.. Commercial mulUple peril.... \nlandmatine",. .....__......523.211 ....841.223 .,...523,211 ".0 ".0 ......541.2:23 ,0 ...0 ...0 ........,111 ...0 ..0 ..0 .......17,933,927 .........8.750 ...2,121,216 .........9.896 ..."....99,733 .....................0 .........1,326,628 ,....."v58,584,300 .;.......1.034,4&8 .......,.,11.953.612 .".45,849,110 ....."..0 .........33.547 ,.......246,577 "..1,299 ...0 ...0 ....0 ..\2.673,574) ."..............22,475 ....."..0 ...0 ........0 6, 8 g, Mortgagegullranly... Oceanmaril\e." 10 Flnanci<JIguaranty... 11.1 Medicalmalpraclice-occurrence.... 11.2 Medicalmalpractice-claims.made. 12. Earthquake.... 13. Group accidenl and heallh... 14. Credilaccident and health (group and irn:Jividual)...... 15. Olheraccident and health... 16. Workers' compensation... . n,1 OIherliabi\ily-occurrel1ce... 17.2 Otherliability.daims-made... 18.1 ProQ'uclsliability-occurrence... 18.2 Productsllabilily-dalms-made... 19.1.19.2. PliValepas.sergerauto\iabilit';.... 19.3,19.4 CommeTCia\autoliability..... 21. AutO physical damage... 22. Aircralt (all perils)... 23. Fideiit';... 24. SUrety..... 26. llurglaryandlhell... 27. 8o~erandmachjnery.... 28. CrediL.... ....(1)", ....40,521.657 .......17.933,927 ......110 ...40,521,767 ..........2,523,260 ......,,2,121,216 .....2,514,510 .........878 .......9.896 .......,.618 ......"..22,463 .......99,733- .., ....22,463 .... ...201.231,485 ...........58,584.300 .... ...199,904.657 ...33.106,Da8 .......11,953.612 .........15.723.500 ....47}95,0&l .... ...."..147,700,047 ......45.849.110 .......293.1394 ,..147.993.141 ".......043,181 ......33,547 .... ..........648,181 .......4.653,641 .....246,577 .......4.653,641 ,.23.990 .........1,299 .....23,990 29. Inlemational lO. Remsur.mcto nonploportional assumed property". 31. ReinsurarlCEl-nonproportkmalassumedliability.... 32. Relnsurance' nonproportianal asslJ'lled finaJ'lcial Jines.... 33. Aggregalewrile-inslorolherlinesofbuslness... 34. TOTALS..., .....xxx..,.. .....XXX..... .....XXX..". ....0 ...626.139 ......22,475 ...........3.299,712 ........0 ...0 .....0 3301. .".............".."...... ........... .......... .......... ....0 3302. ....0 3303. ....0 3398. Summary of remaIning write-ins for Line 33 from overflow page. ......0 ........0 ...0 .......0> ......e ..." .........0 ....0 3399. Totalsllines3301 lhru 3303 n1us 33981 ILine 33 abovel........ .....0 . '"...~ "...0 ...0 ......0 .......0 .".0 ........480,184,483 ",.....200,025,476 "........16,016,704 ....."..496.444.200 ...."......3,056,699 "......100.725,164 DETAILS OF WRITE INS (a) Does the company's direct premlurT1S written indude premiums recorded on an Inslajlmenl.bM!s? Yes \ I No \ X] If yes: 1. The amounlofsuch installment premiums $..........0. 2. Amount at which such IrlStaIlmenl premiums wot.ld have bean reported had they been recorded on an annuaUzed tlasls $... .....0 8 N....."...... _ ~ ~9l~~: O~N)~;" ; ~U~i~ ! I ' I ~.9~&g .:: S ~ M .. .... iii i: t::i ....0 zll! wa: ==13 ....;; Wo wz ><C ~~ CO- zm <'" CIS Z' ~N D2~ 3:0- 0:: W C Z ::l iii ~ ~!;*<: ~ ~ ~ ~ ;:;; ~ ~ ~ ~ ~";> ;; N ~ gf ",," ~ t ~ ~ ,~ ~ lll"OOl", i~ '" ~ iI~~", ...JC~U; -'0 Use ; ~ ~ l !;; g ~ :g N ~ N ~ ~ N ~ ~ ~ ;;i- '1 ~ ci .. ~:2 m '" ;i ~ o"~ =~.g J! ~ ~fii ~ H Ie 0 i'i ~ ~ ro l;;~ ~ ~ ....-",i : ~ ~ ~~ ~~ J~"O '4-~ ._>-u - "- l>!~~ z ,~ ue': ..,.., ....<'1 :~O>~~ J1C;> ~~ l;;~ 5i' .. .,.;.,; ~~ - ' ~ . ~~ l8~O<<>~~C ~ ~.. '" 0::\ ~8 ~ ~- al -";; ~ n :1- ~~ ~ " > ~'" Ji ! ~ ~ ~ - ~ '" 18- i'i ;;0 O~ "l;:l;~ ,~ ~ ~~ J .00 !~g- i~ .; ~~ \~ h ""ij :m'N . E 1~af N .~ ~ ~ ~~ ~~ * ~& ..."" -l: ~ ~~ :1- m ~~ - h ~ o ~. ~ ~"'O'>o gR~~ - ~- <-i N ,...,....""1 0>0 ~~ 9-~ ~~ ~ ~ ) i \ , 'i j U!l ~ J!I~ Ii i i~ "i,J iii ~j j~j.~tl;~i" t t~ -!t" "!~.i!"~.~1'l;,,:;r <-.." ifff fjj ~~~~~1'l~~.~!~ ~~ ~g~~ .Ji~il&it iiti~~lil~~l ~i .g~i: iJ JI~i)iili~~IIIJiIJ;i'ifj!ljj~ii N-' . N... . N N.~..... . . . . . . . ~N~v~~~m~~~~~~~~~~~~~ri~~~~~~~re~~~~~ ~~ J " ,~ ~ P~:;!6 "!."'!.t:;:.."l ~* : ~ ~ ....~ 0> "'''D:g 00"'......... s~~o> ~<'"f &re~~ !,jtDaiori o;l5l"'!Q ~~- . . ~<: GaU!itgc ";-c"aO'" ~J::::"'!<"l .,;' -~~ ~~~ ~~ - Q':..o ""10: ~ . . s:::grJ"- nlt)..,:8 ";<0'.0""; '=i-\:::~~ ..q' . . r:~~ ~,-,,, - ~ , ~ ~. ~~N ~~~ ~~N "'~~ ;i..-i"': .....:5l~ ...:.,,;"" <d; :"'! ~!R ~ 1: 1~ ~~ro<: "'~~ !gSf : 0"" :<0 . a>....NSN<D<DC ~~g:::-[(;~[(;.= ~~g ;"i~ . MVU> ..... $~"'1 . ... ~~ NN~ --::ig 'N <"> f~<"1 ; I ~H!rg .....;..; 0~M - '" ~ ~'~<1 8~~g "'_"l.~ . ,~ . ~~~ .oN M '" ~Q ~<1 &H~ ~ "'} ~ ~ ~ ~ ~ N 8 ~ <:~ c ~ ~~!;"1~' ~E g :q<<f~ ",' ~ ~~13 iim ~~~' ~t d~~ ~ -~ N"'~ ~QN iW~ ..nr',,:"; <")'"':"'! N 0>"''''' ....0<")00 N~ N "i~' . _NO "!o~ j~~ ~ <'i" . g;;:g "l"..N_C'\. ~~~ r;;~;! ~~;;:;- &?$ ~.~ ~~~ 9 ~ ~ ~ ~ '" & >< o ~ ~ ~ ~ ~ - ~ ~: ~ ~ ~ " w ~. ~ 12 ~ ~" ~ 0 0 ~ ~ 0 ~ ~ M ~ ~ C:!q ;< c;e: i ~ I l. H ,,~ .! m ~" H ~g .~ ..2 "2.fj '~ ~ ~ II [~ c7J~ .-'N...;'aim ~gg...,,,, "'<'>",,,,,,,, I- '" w i'ii '" z :E w "- >< i:l w l- I- z w Z '" W I- :E '" :::> I- 1 en .. w '" > '" :!: 0 -' Q 0 z Z .. oct '" w Cl '" '" Z 0 j:: -' 0 j D2 ~ ~ z ~ a:: :::> . W ;:j ~ Q Z l;; ::l ~ ~"~ d! ~ ~ ~ ~ ~ ~~ <4<'-! r:: g_~l; m <0 ~ ~ n~' ' ~ ~, a;='~ z . ~ ~~ '''' ~o ~ ~ ;~ ~ ..,'" <O~ cO"";: o:i:e" ~~ --:0> ~ ~l" g~ ~-<4 U r-:<'i 8llll ~::i ~ o ~ t::;" ~.~~.~ 1i112~<2i 0; o \:Qtc '4~ 0\-;: ~ 0 ~ 8l ~ . o N ~. "!---.; \riN;:;:;~ ~~~g ;;:f<<i . ~ ~ ~ '" ~ 0 N ...,..... N.... ~ ~ ~ N~ ",,' a~~N l! o~ ,,$ h~o; J~ ~12 ",,<0 ,., - g~ ~~ ~ c-.i""!- "'1:$8;:1; ~ ~ 0 ;tg'~~ ~~ . . . ~ . z~ " m l! " "'~ ~~ ~~ . is 2' ret:G~ 5'llfl 1]~~~~ j~~ ~~U; , ".;.; "<".. ~-<::g Z ... .~ 1Si Z ~ E d - . e.gi E 5i"1 .~!-g8 ] ] ..., '" e.!:!al . ~ ~,g.~ g~,~ ~a::oo(~ ~ N en", <=>.0 ~ ':&'t 00 ~r;,:t ~~~. ~~ <l: "':><1" " . " . ~ i51~ -~ 0\ l! is i8~ ~H~ .....;o! ~ 1'0'" o;;~ ~ ~ ..:~ ~ ~ 1'0'" .....-0> Gll; ..:a! ~~ ~:g ~ ~ ~ ~ '" en <=>.... N .... .............. N <D.......... ui"-:c-i""': ~g~",! ~'.-: . . ~~o 8?JJ;: "'-'<ten ~<D_~ ~ <'! . :;;1ii' i~ ~l'l 4~ ~~~ <"l m<=!~ ~~",~O~a~O~~~~~~@~\~~ ~~~~ g~~ ~~: :: ~~: j~ .....-"': .nui....: "'...: !o> ~ ~ . . .. ~~ i'i '" ~ ~ ~ ~f6og g~~-g ........ . . en' .., :i\2s ggf~ ~~~ ~~:<'f '" ~ 0> c:-.; ~'"""'~ cO"': . 'l'j ~g~~ ~~~ . ~pf ~o ~<<f ;;; ~ ~ m N ~ ~ ~$'g cir-:~ ;g~:t ~"';i .0 ! ~ ;;\ i'i '" giiS8 cO 'cion ~~"l"1 " " ;l;~g ~~~ cnN ~~ i<'"i 81 ~ .., " ~;:gr::: ~ N 0 ~~~ cui"': "'; ~ . M~~ NO' ....~ ~ ~ ~ ~~ "'''' ;;:e~ ~~ <4'-: ~ ~ ~ ~. '" ~ ~,,~ ~_m 2gf::f ,,~~ ~~i C;;i& ~ ~~~ ~ ~*~ ~S . r~ ~~iR "'~~ ~~~ ~~"'! ~ Z ~ i ~ o ~~ ~~ ~Q 51;'; g3~ :~ ~ M ~ :e~;:; ~:ig ~ ~ ~ ,po'''': <"I..... , ...., "" 0 0 ....<<>0>0> ~ ...:.... r~ ~ 0 ~ ~ N ~ ~ 0 M ~~ <1"': ~ ~ ~ ci '" ~ l'l~N <'/0;8 ~~~ ~~"1 ~: l~ ~~~ ~fij !~ :~ , i 'J ~ f~~~ :! Q.~ "".~ ) ~ ~H~ i ~1 ~ 1Ul: "'! ,< j~E "tiltl ilU! ~.i '~!!J!g~hhil >' ~~h: Hh ft~ !~!h~'i'i ~!'~~i ~~U! ~ ~ ~l HP~fj~h ~Uh li!lli i at !H q' , lHdnHHnduHUfuuUHiJJ i ~~ ~N~~~~~~g~2~~~~~~~~~~~~~~~~~~reg~~g~ ~ ~ " ~ 10 ~ ~ ~ ~ ~ ~ , o,-~ " QQC! <Ii : l!:: ~" f .If Hf ~~,/! .- Sl '5 H! uI .~ ,g~ "_0 Hl: o~J IF ~~] ~~8~~", ~<<>~<<><<> Annu.IS18tem~nli:l'lho,..arzoo.oftne Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 3 . EXPENSES 1 2 0''''' Loss Adjuslsnenl Underwriting Ex"':nses Exnenses 1 Claimall)us\menlservices: 1.1 Direct,..,... 1.2 Reinsuronceassumed... 1.3 Reinsuranceceded... 1.4 Netclaimadjustmenlservk:es(1.1+1.2-1.J).. 2 COlTlmlssion and brokerage: 2.1 Direclexciudingcont!ngenL. 2.2 Reinsuranceassumedexciudlngconlingent,.. 2.3 Reil1surancecedede.xciudiogconlingent... 2.4 Contingenl-direct,.. 2.5 Contlngenl-reinsuranceassume<l... 2.6 Contingem-relnsurar.ceceded... 2.7 Policy and membership fees... 2.8 NetCQmmissiooand brokerage (2.1 +2.2 -2.3 +2.4 +2.5 -2.6 +Uj... 3. AJlowancestomanagersandageflls... 4. Advertising... 5. Boards,bureausandassocialioll$.. 6. Surveys and undelWriting reports... 7. Audilofassureds'records... &. Salal)'andrelaledftems; &.1 Salaries.".. 8.2 Payroll taxes... ,"m",,,,,.,,.. 9. Employee relations andwellare...... 10.1n.sucance... 11. Diret::lol'5' fees... 12. Tffi\ld and \rave\ items..,.. 13, Rentandrenlnerns... 14. Equlpmel'll... 15, Cosl ordeprec!alion of EOP equipment and soflware... 16. Plint\!lgandsta~onery..,... 17. Posl<1!le.leJephoneandteJegraph,exchangeandexpress... 16, legal and aulllling... 19, TolalsjUnes3to1&)... 20. Taxes,lK:ensesand Jees; 20,1 SlaleandlocalinsurancelallesdedUClingguaranlyassoclalioncredits of$.....112,9fl5.., 20.2. Insurance departsnent Jicenses and fees... 20.2. GrIm 9uaTanly assooation assessments... 20.4. All olhel' (excluding federal and foreign Income and real estale)... .. 20,5. TrAallaXes,licensesandleestW.l+20,2+20.3+20.4}... 21. Realeslaleexpenses... 22. Realesla1:elaxes... 23. Relmbul'5emenlsbyt.tninauredaccidenlandheallhplans... 24. Aggregalewrl\e-in$lormiscelI3l1eousexpenses... 25, Totalexpensesincurred..... 26, ll, 28, 29, W, less vnpakl expenses-clllT8nl year.... AddunpaklIDlpenses.pJioryear..... ........... Amountsrecei'J3blerelatingtouninsuredaccidentandhealthplans,prioryear.. ,....... AmoLtlls receivable relatJng 10 uninsured accidenl and heatlh pJans, current year...... ........14,282,182 .......8,548,652 .......16,125,981 .....".6.704,853 ........><......2,119 .........56,117 ....".......,31.383 .........6,900.988 ............549.141 .........1,828,071 ...... ...........186,233 ...........540,621 ...........,.........323,300 .......,............937.864 ...........92,554 ...........108,511 ...........412,821 ...........141344 ......12,111.068 ................748 ...,........19703 .........,..,..,.........20,452 ...................2,213 .................18,834,160 .................26,163.449 ................23.-481,567 TOTAL EXPENSES PAID (lines 25 - 26 + 27.28 + 29)... ............. ............. .............. ........ ....16,'52,278 OETM..SOfWRITE-lNS .............52,012.295 ...27.651,335- ...........,,,53.394,277 .....,135,121 ......J} ................26,404,474 ,.....500,106 ......490.934 ...1,192,442 ......389,990 ...9,917.177 ......728.479 .......977,400 ......121,416 ....,,170.956 .....,454.229 ...1,070,439 ...1,478,127 ......433.5fl8 ...2.079,402 ....661,022 ..............,20,685,676 .."............4,281.198 ..447.564 .....453,611 ................5,182.373 .....392559 ...............52,665,083 ............,.,,2,983,355 ................3,334.a5T .........,...53,016,585 Investment Ex";'~ses ...0 ......,...........93,458 .....4,826 ..14.307 ........233 ..................1,830 .......727 .....................22,411 ..............155,474 ",,8.496 ........."..162,9Te ................45.916 ...............33,672 ......,.......151,733 Tm' ........0 ",.14,282,182 .......8,548,652 .....1il.12S:ill\1 ...,,6.704,8fl3 .....".....0 ...52,012.295 27,651.335 ......53,394,277 ............0 ..........135.121 ....,............0 .....0 ..",.26,404,474 ......0 ...........502.225 ".......547,051 ,....1.223,825 .........389.990 "...1,&31 .....4,747 ...11,104 ...16,911,624 ................1.282.446 ....,.2,819,778 .,,,......307,&&1 .....................170,956 ..........996.681 .......1,398,48fi ......2,427,095 ..............'u,..9Z,5M ..........543,698 ........"'.......2,492.9W ..................844778 .....32,952,218 ...........8 ...........8 .....4.281,198 ... ..A48,313 ......",453,611 ..........19,112 ......5,202,833 .....(1 ....0 ...............................(1 .."................398842 ,3).., ....71,663,221 ...29,192,720 ...26,850,096 ....0 ....0 ...69,320,597 2401. Miscellaneous Expense...... ............(2,680} ....392,542 ...8,496 ........398,357 2402. Contributions-Charities..... ..m...... ....,. ...... '" .............17 ...............485 2403. ...0 1498. Summary of rernall1ioJ wrile-ins lor line 24 fromoverlloYl pagll.... ............... ......... ........ .....0 .............0 .........0 ....0 1499, ToialsILines2401Ihru2403D1us24981IUne24abovel..... ............12,213 ...392,559 ......,..........8.496 .......398842 (a) IncJudesmanagementieesolS.... ....0toafflUalesand$.........Qronon-afllllat.8&. 11 AAnuaISlal<lmenlb,tl1eyea,2QQ(oltl:\a Erie Insurance Company EXHIBIT OF NET INVESTMENT INCOME 1 2 Collecled Earned DurinaYear DurinoYear " U.S,govemmentbonds.. (a)... ,...................389,700 ....402.621 1,1 BondsexemptlromU.S.tax..... ....(al...... ............86S:141 ....771,967 1,2 Olherbolids (unalf~ia!ed).__ ............. (a)... ................. ..13,319,454 ...".........14,113,239 1.3 Bonds of affiliates.. , ... (a)..., 21 Preferred slocks (unaffilialed).. .... (b)..., .........2.196,100 ...",.......2,147,309 2.11 Prelerred slocks of affiliates .., (b)", 2.2 Commonslocks(unaffilialed).. 2.21 Common slocks of affiliates", .. 3, Mortgage loans,.. (c)..., 4, Real estate... ,,' (d).... 5, Contract loans... .. , Cash,cash equivalents and short-lerm investments... 1e)... ....................65,391 ..,,63,850 7, Derlvaliveinslruments.. '" m, 8, Olherinvestedassets... 9, Aggregate write-ills lor lnvestment ir.come... ...............,......40,863 ....40,863 10 Tolalflrossinvestmentincome... ...................16,880,649 ....................17,539849 11, Inveslmenlexpenses.. .......... (9).., ...163,970 12, Inveslmenl laxes, Jicenses and fees. exciuding lederal income laxes... .......... (,)" .....8 13, Inlereslexpense. ..................... (h), 14, Depreclatianonreales\aleandollierirwesl.edassets... .......... (i) ...............................0 15, Aggregatewrile-Ins fordeductiOl1s from investmenl income.. .............0 16, TolaJ deductions (Unes 11 through 15)..... ...163,978 17 Net investment income (Une 10 minus Line 16}...... ..........................17,375,871 0001. MW.cellaneo\lSimeres\... ........................ .................. ............40,883 .....40,863 0902 0903. ......... 0998 Summary of remainin9 write-ins for Litle 9 from overflow page...... ......0 .............0 om TotalslUnes0901 lhru0903 pjus 0998) (Line 9 abovel.............. ........,............ ............40B6:!. ...40,863 1501. 1502 1503. 1598. Summary of remaining write-ins for line 15 from overllow page...... .............0 1599. Tolafslllnes1501thru1503 lus1598\ILine1511bovel.............. ............0 DETAILS OF WRITE.INS (<I) lrdudes $. ...270,&57 accrual 01 discounlless $. ...476,945 amortizaUon of premium and less $.....408,465 paid for accrued inlerest on purchases. (bjJncludesS........,Oaccrualofdiscounlless$.........Oarnortizationofpremlumandless$.....389paidforaccrueddIvKlendsonpU1Chases. (c) Includes $. .......0 accrual ofdiscounl less S......m.O aroortizationol premium and leSs $... ...0 paid lor accrued interesfOl1 purchases. (d) Includes $... ....0 for company's occupancy of its own buHdings; and exdudes $... ......0 interesl 011 eI1cLmbrances. (e)locIudesS....975accrualofdiscountless$.....19.500amorlfzatiOnofprerniumandless $.....46,312paid frxaccruedtnterestonll'Jfd\ase1.. (f)lneludes$.........Oaccrualofd"lscounlless$..........Oamortizalionofpremtum. (g) Includes$.........OinveslmenlexpensesandS..........Ofnvestrllf!l1llaxes. llcens es and fees, exduding federal income taxes, alfribulableto$egregaledandSeparateAccou Ills. (hlfocludes$......OlnlereslonsurplusnolesandS."...Ointere$tOl\capRa!no\es. (i) Indudes$ ........Odepreclalkm on real eslafe and $.........OdepreciaUonon other invested a ssels. EXHIBIT OF CAPITAL GAINS (LOSSES) 1 2 3 4 Realized Gaill(lau\ 01,.., Increases on S:.~':u Realized IOecreases)by orMatu' Adl~lmenls Adjustment T"" 1. U.S.lIovemmentbonds,,, ..............15,693 .......... ...............15,693 1,1 Bonds exempl from U.S. lax... ............208,797 ........ .....">......208,797 I,' Olherbonds(unaffl/ialed)... .........1.624,650 ........(64,040) ........ ..........1,560,610 1.3 Bonds 01 affiIlales... ........0 2,1 PreferredSlocks(unaffi!iated).. .... .........1,081,051 .......861,420 ...m....... ..........1,942.471 2.11 Preferred stocks olaflillate$... ........... .......... ............... ......... ........0 22 Common slocks (unafWated)... ............(10,540) ..' ................ .............(10,54l}) 2.21 Common slocks of affiliates... .......830,a32 ...... ........ ............830,832 3, Mortgage loans... ............ ........0 4 Reafeslate..... .................. ....0 5 COntraction... ........0 , Cash,cashe<luivalenlsandshor1-terminveslrneflls.... .......0 7, Oerivaliveinstruments..... ........... ........0 8, Other Invested assets... .......0 " Aggregalewrile-JnsforcapilaI9alns(losses)..... ..235 ...........0 ...0 ...235 10, TQtal~ltalMills(loosesl.............................. ..,....2,9198i16 ............0 ...1628212 ........4548098 DETAilS OF WRITE-INS 090l. Miscellaneous Capital Gain... ..235 ...235 0902. ......0 0903 .......0 0998. SUlT\l'l\alY of remainir-Qvllite41ia for line S trom overflow page.... ......0 ....",....0 ................0 .......0 0999. ToIalsIUnes0901Ihru0903D1usOe981IUne9abovel.............. .................235 ..........0 ...............0 ...............235 12 An"ualSl*'rnemtor~l"'ar~~llb! Erie Insurance Company EXHIBIT OF NONADMITTED ASSETS , 1 2 3 CMngein Tolal Cllfrel'ltYearTcta\ PiIorYealTota\ No(~admitte<lAs1s1ets Nonadmit!edAssets Nonadmit1e<1Assets Col.2-Cot 1 " 80nds (SctTedule D) , .,.......0 2, Slocks (Schedule D): 2,1 Prefarred.stocl<s... ,.............0 2.2 Commonslocl\S.... ,,0 3 MOltl1age\oan$ on leal es\a1e (Schedu1eB): 31 Firslliens... ...0 3.2 Olherlhanfirstliens." 0 - 4 Realeslale(ScheduleA): 4,1 PropertiesoCCIJpiedbythecompany.. .........0 4,2 Properties held for the production of income.,. ......,....0 4,3 Propertiesheldlorsale... ....,0 5 Casl\,Schoo\l\e E.Part 1\, cash equivalents (Schedule E-Part 2) andshort-terminvestmenls(Sch,DA) ,............0 6 ConlractloanL ,0 7, OIherinvested assets (Schedule BA)..".. ...,,0 , R~ab\efOJ~rilies.. ..............0 9, Ag-gregatewrile.ins forirwested assets.. ,..........0 .......0 ...0 10, Subtolals,cashandinvestedasseis(Lines1to9)... ....".......,,0 "....0 ..."........0 11. Irmslmentin<:ome due and accrued..... .........0 12 Premiums and considerations: 12.1 Uncollected premiums and agenis'balances in course of collection... ............."...m ,...2ag,51€. ......",..362,619 .....73.103 12.2 Deferred premiums. agents' balances and installments booked but deferred and notyeldue... . "..... .~... .."......"..0 12,3 Accrue<lretrospectivepremiums.... ..............0 13, Reinsurance: 13.1 Amounts recoverable from reinsurers.... ....,....0 13.2 FIJI'lIls held by 01 deposited wilh reinsured companies... .............0 13,3 Olher amounts receivable under reinsurance contracts... ..............0 14, Amounts receivable relating louninsured plans..." ............0 15.1 ClIllent federal and foreign income tax recoverable and interest thereon.... .. ................................"....0 15.2 Net deferred lax assel... .......,2,227,052 ...".......2,227,052 16 Guaranty furlds receivable Ofon deposit...... ....."'"~~~,'''' ."..........0 17, Electrnnicdata processing equipmenl and software,.. ...............0 18 Fumitureandequlpment,il\cludirqhea.ltlIcafedelivElr1BsseI1.". .,...........0 19, Net adjustrnent in assets and liabilities due lo foreign exchange rates... .....0 20 ReceWablefromparenl,subsidlanesandaffilla!tlS". ..........0 21. Health care and other arnoonls receivabJe ........... ........... "'............0 22, OIherassetsnonadmilted... ................" ...............1,197,863 ......"......{1,197,863} 23, Aggregalewrite-insforotherlhanmvestedaaselS... ..."......... ..................... ......."'..,,0 .......(1 ..............0 24, Total assets exduding Sepa~te Accounts. Segregated Accounts and Pmtected Cell Accounts (Ulles 10 throogh 23)... ' ...............1,487.379 .,,~"'2,589,671 ............,,1,102,292- 25, From Separale Accounts, Segregaled Acoounts and Protected Cell Accounls.... ."............0 26, TOTALS (Unes 24 and 25)..... ...............1,4e.7:~79 ........2,5a9.671 ...",.........1,102,292 0001. ,........ ..."...........................0 0902. ..............0 0903 ... .........0 0998. Summary of remaining write-ins fOI' Line 9 fTom overflow page... . ....""....,,0 ....... .............~'" ......Q ....."........0 0999. TolaIsIUnes0901thru0903olus09!l8l(Une9abovel...."... ....... ,,,..0 ....,,0 ,,,...........0 2301. ...... .......0 2302. ...........0 2303, ,,,.....,,...0 2398. Summary of remaining wrile-ins for Line 23 from overflow page... .............0 "'................0 .............0 2~99.Totl\sfUnes2301lhru230311lliS2398\IUne23aboveL... ...,,0 .......0 ...".......0 DEl AILS OF WRlTE.INS 13