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HomeMy WebLinkAbout06-2221 -if ()(p - ;l. 2J- { C~ COMMONWEALTH OF PENNSYLVANIA INSURANCE DEPARTMENT Harrisburg, PA April!,2006 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, M. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, do hereby certify, in accordance with Section I, 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, P A, 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, 1 have hereunto set my hand and affixed my official seal, the day and year first above written. ~;n~~~ PROPERTY AND CASUALTY COMPANIES. ASSOCIATION EDITION Main Administrative Offl<< Mail Address Internet Webslte Address Statutory Statement Contact Chail1l1lln of the BoanI: SeniotExc:cutiveYicePresident. Secretary & General Counsel: Executi.ve Vice President: Executive Vice President: Eugene Charles COllllcll Patricia Anne Reeh Michael Stephen ZaVlI5ky Jeffrey William Brinling James Michael Culucci Dennis Gale Conley Ross Clark Fonliccl1a Rkhal'd Seat\. Huber Raymond Edward Leeds Karen Jean McEnery James Anthony Polito JamesPalrickStoik Carol Sue Weirich Kaj Ahlmann Patricia Garrison.corbin ChatlesScottHartz Robert Charles Wilbum State of County of Pennsvlvania Erie IliI1Illl..IIIII1II1IIIIIIIUI . 2 e 2 6 3 2 0 0 5 2 0 1 0 0 1 01. ANNUAL STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2005 OF THE CONDITION AND AFF AlRS OF THE ERIE INSURANCE COMPANY Fnnk WiUiam HiTt Jan Reid Van Gorder Michael Joseph Krlhe Thomas Brian Morgan 26263 Employer's ID Number 25-1232960 PENNSYL VANIA Januarv 1 1973 President & Chief Exct:utivc Officer: Jeffrey Alan Ludrof Excculive Vice President & Chief Financial Offil#: Philip Alan QlTCia Senior Vice President, Treasurer & Chief Investment Officer" Douglas Frank Ziegler George David DuCala James Raymon Roehm SENIOR VICE PRESIDENTS Timothy Gefard NeCastro BarryPaulSliles George Raymond Lucorc Eric Douglas Root lorianne Feltz-Upperman REGIONAL VICE PRESIDENTS Chri&top!\er wlm Zimmer Terry Lynn Hamman VICE PRESIDENTS Rmmie Lee Chamberlain Jolm Patrick Dean DavidChar1esFroelich Jolm David Keys Charles Thomas Longua Donald Edward Moczulski Patrick William Safstrom David Carmen Tulino Richard John Wisniewski Marc Cipriani ChcrylAnn Ferrie Richard James Hinman LindaDavisKuhl Timothy Gerard Maher ROOen Fredrick Morpn, k Ann K.mnazon Scott Karen Barba~ Veiger louis FelixColaizzo Douglas Norman Fitzgerald James Gerald Horvat Karen Knaus Phillips Terry Lee McConnell Matthew Wayne Myers Karl James Shearer, Jr. Gary David Vcshecco NAIC Group Code ~ ~ NAIC Company Code (Current Periodl(Prior Period) Organbed under the Laws of the State of PENNSYL VANTA State of Domicile or Port of Entry Country of Domicile ~ Incorporated Seotember 11. 1972 Commenced Business Statutory Home Office 100 Erie Insurance Place Erie P A 16530 (StTCet and Number) (City or Town, State and Zip Code) 100 Erie Insurance Place Erie. PA 16530 814~870-2000 (Strcel and Number) (City or TOMl, State lUld Zip Code) (Area Code) (Telephone 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. P A 16530 814-870-2000 (StrecllUld Number) (City Qr Town, State and Zip Code) (Area Code) (Telephone Number) www.erieinsurance.com Christina Marie Marsh 814-870-2000 x2785 (Name) (Area Code) (Telephone Number) (Extension) christina.marsh uv.erieinsurance.com 814-870-4040 (E-Mail Address) (Area Code) (Fax Number) Policyowner Relations Contact Rollin Richard Swan!<on 100 Erie Insurance Place Erie fA 16530 814-870-2000 (Name) (Strectand Number) (City, State and Zip Code) (Area Code) (TelephoneNumber) OFFICERS DIRECTORS OR TRUSTEES John Thomas Baily Jolm Ray Graham Frank William Hin 55 / Jolm Ralph Borneman, Jr. Jonathan HinHagen Claude Clifford Lil1y,m Wilson Charles Cooney Susan Hin Hagen Jeffrey Alan Ludrof The officers oftbis 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 ofthe condition and affairs of the said reporting entity as of the reporting period stated above. and of its income and deductions therdrom for the period ended, and have been completed in accordance with the NAIC Annual StatemenJ Instructions 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 proc<<lure$. according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described officers also includes the related corresponding electronic tiling with the NAlC, when required, that is an exact copy (except for fonnatting differences due to electronic filing). The electronic filing may be requested by various regulators in h,"ofo,;n"'diliontoth, ndo.w""'m'nl. ~ r:::--~<---- ~~ 0.. A Jan Reid Van Gorder, Senior Executive Vice Philip Alan Garcia. Executive Vice Prc$ident, Secretary & Gentral Counsel ~jden\ &. CFO Subscribed and swom to before me: this ~ COMMQI',j~'VE"'L.lN ufo PENNSYLVANIA NotatiaJSeaI Jon_ Gat.. KubIak, Nolaty Public CIty 01 Ene. Erie County My Conwnisslon ""- _ 13.2009 M'Jmber, PenoSytvenl1l Assoc::lallon 0' Notarle. (a) Is this an original filing? Yes (X) No () (b) Ifno: (i) State the amendment number: (ii) Date filed: (iii) Number of pages attached: IInrlUalstaiemen!IOflhereariooS"ofIheErie Insurance Company 1 BOflds (Schedule D)... 2 Stocks (Schedule D): 2.1 PrefetTedstoeks... 2.2 Common slOC!ts... 3. Mortgage loans on rea! estate (Schedule B}' 3.~ Firnt\iens..... 3.2 Otherlhan IiBt liens... 4. Realestale{ScheduieA): 4.1 Properties occupied by the company (!eSS $ ........0 encumbrances)... .42 Properties heldforthe production of income (Jess $ ........0 enc;umbrances).... 4.3 Properties held for sale (less $..........0 encumbrarlCeS)... ..............,... 5, Cash{$.....18,517,362,Sch. E.part 1). cash eQuivalents{$.....19,125, $ch.E-Part2)andshott.terminvestmef1Is($.....6,240,080,SdI.DA)... 6. ConlractlOans(including$. .......0 premium notes). 7. OlherinvestedliSsets(ScheduleBA}... 6. Receivables for securities...... 9. A99regatewrite-lnsforinvestedassels,.. 10. Subtotals,cash and invested assets (lines 1 to 9)... 11. TitI&p\an\Sn$.. ......OthaTgedoll(forT~jnsurersonly) ........ 12. Inveslmentinc:omedueandaa::rued.... 13. Premiums and oonslderationS: 13.1 UOliOlleCted premiums and agents' balances in couroe of collec:lion..... 13.2 Deferred premiums, agents' balances and instaDments boOked but deferred and not yet due (including $... .....0 earned bul unbilled premiums)........ 13.3 Accruedretrospectivepremiums.... 14. Reinsurance: 14.1 Amounts rec:overablefmm reillSurers..... 14.2 FOJrIdSheldbyOl"depositedwilhrein$uredcompaniea... 14.3 OtheramoUlltsrecelVableundefrefnsuranceconlTacls... 15. Amounts receivable relating 10 uninsured p/ans... .................. 16.1 CUJTent federal and foreign income taX I'eCOVlIrableandinterestthereon.. ..... 16.2 Net deferred tax asset.... 17. Guarantyfundsreceivableorondeposit.... 18. Electronic data processing equipment and software... 19. Fumiturearn:tequlpmentind'Jdil'lgt\elltbtaredeli'#ery~(S ........0)....... 20. Nel lKIjustment in assets and Ilabilitles due to foreign excIIange rates... ....... 21. Rllalivablas1rompalllfl~ subsldiar;e, and affiHates... 22. Health care ($..........0) and otheramounlll receivable...,.. 23. Aggregate write-in, fot other than invested asset5.., 24 Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (lines 101023)... ................. 25. From Sepllrate Acc;ounts, segregated Acc:ounts and Protected CeU Accounts.., 26. TOTALS (lines 2.4 and 25).... ............. ................ 0901.... 0902.... 0903.. .. 0998. Sumrrwy of remaining wril&-ins forLine 9 from overllow page... 0999. Totals (lines 0901 thru 0903 Dlus 0998\ IUne 9 above'...... 2301. Premium Tax CredJIs... 2302.OIherAcc:ountsReceivabfes.... 2303. Equilles and Deposits In Pools and Associations... 2398. Summal'f 01 remaining write-1M fof LlM 23 from 0'Ieri\tlw page.. ... 2399. ToIalsllines2301 lhru2301 n1us 2398l rlile23 aboveL.... ASSETS ""'" ................329,215,710 ....23,438,09ti ....13,616,775 ...24,776,567 ......1,112,046 ......0 ..............392,359,194 .....4,034.105 ....52,556.164 ................144,804,935 ........239.592 ......1,472,027...... .........837.336 ......4,427,766 ...2311471 .............603,043.213 ..,.............603.043.213 DETAU Of WRlTE.wS ......0 ......0 ".......362.704 .........1:l5,J94 .............5,848 ......1,807.524 ......2311471 2 Cuneo! Year 2 Nonadmitted Assots ................0 ................0 ....363,598 ..............1807524 ..........,..2,'71,122 ..............".2,'71,'22 ..............<'.0 ................. .............0 ,..1,807.524 "........" ...1807524 ................239,592 ........"...1.472.027 .............0 .............0 ..............831,336 ..............4,427,786 .............0 .............0 ...."......0 ........0 ...........0 ."._.......0 ............ ...503947 ........ ............360510 3 NelAdmitted AsseO ICoIs.l.11 ........329,215.110 .....23,438.096 ,__"......1J,Ml'l,n~ ...........0 .........__............._........0 ...""..0 ........",,0 ..."......0 ..........24,776.567 ........0 .............0 ...........1,112,046 ........... .............0 ........392,359.194 ..........0 "...........4,034.105 ...........52.,192,567 .....,...144.804,935 ............0 .........600,672,091 .........,,0 .............600.872,091 .............0 .............0 ...........,,0 .............0 .............0 ................362.704 ..............135,394 ....................5,848 ...........0 ..............503947 Prior Year . Ne' AdmilledAssets ....310,730.526 ......19,948,520 .......11.822,741 ,.."....3,399,086 ..."........38,258 .........0 .....345,939,130 .........3,660.266 .......53,341.362 ....153,054,017 ..........61,146 .........1,458.981 ........6.146,795 .....564,622,206 .....564,622.206 ..........0 ..........0 ."................ ..260,206 ...............94,441 ...5,863 ..........0 ..........360510 lImlua\swemenl,101ll1eyeatWoS'!lIheErie Insurance Company LIABILITIES. SURPLUS AND OTHER FUNDS 1 lossesj?art2A,line34,Column8)... 2 Reinsurance payable On paid losses and loss adjustment expenses (Schedule F. Part 1. Column 6).. 3 LosSadjuS!mentexpenses/Part2A,Line34,Column9j... 4 CommisSions payable. cootingerrt commissiOns aoo other similar ctlafgeS... 5 Oth9fexpenses (excluding taxes, licenses an<J !ees}...... 6. Taxes,licensesandlees{exdudingfederal<1lldf~nincometaxes)..... 7.1 CurrentfedemJ and loreigo iocome taxes (including S.........Oon realized capilal gains (losses)} .... 7.2 Netdelerredtax liabnity...... 6. Borrowedmooey$.,.......Oandinterestthereon$.... ...0... ............ 9, Unearned premiums (Part 1A, line 37, Column 5) (after deducting unearned premiums forceded reinsurance of$ .,,231,248.856 and indudi11g warranty reservesofL.......O).... Advance premiums... Dividen<Js declared and unpaid' 1 Current Year ....152,067,365 ....................HlS,B7B ......28.018.451 ...............27,110 .............225,483 .........,2,171,399 10 11 .......78,463,442 ........1,411,452 11.1 Stockholders... 11.2P1lllcYllolders... .........1.107,820 .....148,662,725 12. Ceded reinsurance premiums payable (net of ceding commissions),.. 13. funds held by company under reinsurance l1ealies (Schedule F, Part J. Column 19}... 14. Amounts withheld Of retained by company for account 01 others... 15, Remittances and iIem$ nolallocated.... 16, ProvisiOnlorreinsurance(ScheduleF,Part7)... 17. Netadjuslmenls in assets and liabililies due to foreign exchange rales... 16. Draflsoutslanding... 19. Payable 10 parent subsldiafies and affdiates..... 20 Payable{arseo.des.... ..........932.943 .........6,772,614 ..............73,642 21, LiablJityfolamoontsheld under uninsured acciOentand health plans... 22. CapitalllOtes$...........Oandintel'estlflereon$.........O.. ...... 23. Aggregate write-ins for IIabilllies.. 24. Total Jiabilities exc/uding protected ceJl Jiabililie3 (Lines 1 througtl23)... 25. Protected cell Jiabllllles... 26 Totalliabililies (Unes24 and 25)... 27, Aggregate writHIs lor specia\ SUf?!USfundL.. 28 Common capital stock... 29. Preterred capital slOdl... 30. Aggregatewrft&.lns lor other than speciaf surpJus lunclS... 31. SurplUSl'lOtes... 32. Gross paid in and cootJibuted surplu5... 33. Unassigned lunds (surplus).... 34. lesslreasurystock.atcost 34.1 ...0.OOOsnarescorrmon(valuelndudedinL1ne28 $.........OJ... .......... ..........m..... 34.2... ...Q.OOOsharespreferred(valueim:llldedinLlne29 $..........01..... 35. SurplUS as regartls policyholders (1.iJes27to33,less 34) (Page 4, Une 39) .............................. 36. TOTALS (Page 2, Line 26, Col. 3)... .................. ............... .......190753&9 .....439,186,712 .....439186712 ...............................0 ,........2,350.000 ......................0 ......81.462,000 .............n,853,379 2 P!iorYear ...141.135.459 2&0.823 ..26,163.449 ..........50,000 ..........45,916 .__............2,931.748 .........104}2Q .....19,705,926 .......1,611,021 ..........983,357 ................157.466,'13 ..766,679 ....12.951,585 .............1607 .................424,'98.604 .................424198604 ................. ......0 ......2,350,000 ,...................0 ....81,482,000 ....56,591,601 ....1611'111.5379 ...............14ll4236()2 ....600.8n,091 ................564,622,206 DETAILS OF WRlTE"'"S 2301. SeClJlibes lending CoRateral. .............. ............. ............. ........, ......19,075,389 2302. Acctued LAOICLAO... .............1,607 2303. .,..,..................,... 2398. Sllmmary 01 remaining wr1te-lns lot Line 23 from overflow page.... ...... 0 ......0 2399 rota. Lines 2301 thru 2303 n1us 2398\/lkIe23 abovel... .............. 19075389 .............1607 2701. ................. ....."..............".... 2702. .........""".............. ............... 2703. 2798. Summary of remaining write-ins forUne 27 ffom~ page...... ......... ........ ...........0 0 2799 TotafS 'lllles 2701 fhru2703 n1us2798\n lne 27 abovel.... .......0 ,...0 lOO1 .................... ........... lOO2 3003 ........... 3098. Summary of remaining write-ins forL1l'le 30 from overflow page... .. ............... .......0 ....0 3099. TOIalsllines3001thru3003nlus30981ILine30abovel..... .......0 "..0 3 33,456.733 .17.105,8'0 ............1322963........................777353 IwlllllS\i\emlnt\or~~year~;O>IJ:rie Insurance Company STATEMENT OF INCOME UNDERWRITING INCOME 1 CurrentYw ........195,923.328 Prem'lums earned (part 1, lf1e 34, Column 4)... DEDUCTIONS Losse$iooJl\'ed IPart2, liM 34, Column 7)... loss expenses incurred (Part3,line 25, Column 1)... Other underwriting expenses incurred (Part 3, line 25, Column 2). Aggregatewrite.ins!orund6IWrillngdeductions..... Total underwriling deductions (lines 2 Ihrough 5).... NetiflQ)meofprotectedcells..._, Net Und8IWrittng gain (loss) {line 1 minus line 6 plus line 7).... INVESTMENT INCOME Net tlvestment income earned (Exhlbitof Net Inveslmenllncome, line 17)... ...,........ .......... Net realized capital gains (Iosseslless capilal gairlS tax. of $.....(61,015\ ,Exhibit 01 Capl1al Gainsllosses))... Nellnvestmentgain(Ioss)(lines9+10)... OTHER INCOME Nel gain (loss) from agenls' or premium l:l8lances charged off {amount recovered S ...2,609,767 amount charged off $.....J.341,674)... Final\<:e and $eNice cha~ 11m \l'!C\uode(l ill premlums... Aggregale 'Nrtle.ins for miscelianeous income... Tofat olher income {lines 12lhrouqh 14}.... Net income b6fore dividends to poIicyf1olders, aftercapifal gains fax and before aN olher lecIeral and foreign incornelaxes(Lines8+11 +15)... DN\dendsto policyhokters... ................ Net ifIcome, after dividends to policyholders, after capital gains fax and before aD other federal and foreign Income taxes (line 16 minus une 17k.. ..._... F&deraland loreign incOme taxes incurre<!... Net Income (line 18 minus line 19)(toline22)..... .........."'.._,... CAPITAL AND SURPLUS ACCOUNT Surplus as regards poliCyholders, December 31 prior year (Page 4, Line J9. Column 2)... GAINS AND (LOSSES) IN SURPLUS Nel iflQ)me/lrcm line 20)... N6t Ifanslm (\)-)!rom ProtecI&d Ce" accounts... ........... no.......... . Change in net unreatized capital gains or/losses) less capital gains tax 01$ ...463.672 ............,.. Change In net unrealized foreign exchanQecapitalgain(loss-\... Changeinnetdefen-edlncomelax ........... Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 26 Column 3)... Change in provision for reinslJf80C8 {Page 3. line 16. Column 2 minus Column 1)... ........ Cha"lle in Sl.uplus notes... Sufplus{conlJibuledto)withllrawnfromprotectedcellS... Cumuialive effect ofch8nges in accounting PJindJlIes... Capital Changes: 32.1 Paid in..... 32.2 Transfarredfromsurplus/StockOlvidend).... J2.JTranslen'edtosulplus... 33. SUl'JllllSadjustmenls: 33.1 Pa\d\n...... ............. ....... 3J.2 TIallSIerred to cap/tal (Stock DIvidend)... ................ .............. 33.3. Tr8Mfelredfrom oepital.... ......." .............. ............. ....... ....... ...... 34. Net remittances from or (to) Home Office.... ...........m".. J5 Dividendstostockholdefs... ............ ................. 36. Change in lreaSury stocll{Page 3. Lines 34.1 and 34.2, Column 2 minus Column 1)... J7. Aggregatewlile-ins fofgalns and losses In surplus.... 38. Changeln sUl'l'lus as regards policyholders for the yeat(Linas22lhrough 37).... 39. Surp/lls as regards policyholders. December 31 current year (Line 21 plus LIn& 38) (Page 3. Une 35)... 1. 2 3 4 5 6 7. 8 9 10 11 12 13 14. 15. I 16 11 16. 19 20. 21. 22. 23. 24. 25. 26. '0. " 29 30. 31 32. ........108,212,547 ..,..........19.413,860 ...........52.294.252 .......5841 ... ._.... ...........179926500 .............15,996,828 ............17.988.093 ..148677 ...18,136.770 ......_........(731.907). ...........,.."...............55042 ..........:..1676865 ....................32.133.770 ..............9194019 ............22,939,751 2 PIioI'Y&a1 .,_......190.819,675 .."...,.121,009.474 ,........_..........18.834.160 ..........52.665,083 ................196554 ..........192705271 ............('...5.5%1 ...........17.375,871 .....................2919886 .......20,295,757 ...........(744,134) ".............__..39783 ...............1704351 ..........__........16.928.457 .............3536159 ...........13,392,298 ...........22,939.751 .. .......140.423,602 ......... .........12&.200.566 .._.. ... 13.392.298 ...............861,'04 .........................(1.855,336)..... ...............{6&3,742). .............0 ............21261777 .........161,685,379 DETAilS OF WRrre.wS .............1,058.339 ............(1.329,892) .............1,102,290 ..........0 ............,....14223036 .........140.423.602 501 LAO PlO!Iram. Expense.... ................... ......5,841 ............_375.672 502. North CaroUna Private Passenger Auto Esaow... .......................... ......... ...............(179.117) 503 598. Sum~lry of remaining write-ins for Line 5 from overflow page....... .......m..... .............0 ............0 ,... TOlaIs l\nesOOO1 lhru0503 nIo" 0598' n Joe 5 abOVel.............. ............. ......5841 ,...............196554 401. MisatIIllneous Income... ............, ....... .......... .............. ....... ....34,502 ...39,783 102. Miscellaneous Reinsurance lncome...__,.... ............... ..20,540 103 ...... .................... 198. SU~?ofremainJng'tlritHlsfOrUne14fromOVElr1lowpage....... ..............,..~.,. ................. .............0 ...........0 '99 Totals lines 1401 thru 1403 nl".'498' 1\ ine 1-4 abovel.............. ....55042 ...39783 701. r02. '03. '98. Summary of remaining write.-ins for line 31 from overflow page....... ... ......~ ............0 .... Tota~.~Lines370' ltlru3703 lu 3798\ILineJ7above1.__.....__.... ..........................0 4 .r.llTIU1\s_en\Jor1hev.ar~~2'~Erie Insurance Company CASH FLOW CASH FROM OPERA110NS 1 Premiums collected fie! 01 reinsurance... 2 Net investment income... 3 Misce~arl6OUsincome...... 4. Total {Lines 1 through3}".... 5 Benefitandlossrelatedpayments.,. 6 Net trans/ers to Separate, Segregated Accounts and Prot9Cfed Cell AC\XIunts... 7. Commissions,expensespaidandaggregatewlite-insfordeductlons... 8 Dividends paid to policyholders... 9. Federal ,lOd foreign income taxes paid (recovellld) $ ..(61,075) net 01 lIX on capilal gains (losses).... 10. Tolal(Lines5thTOugh9)... 11 Neteash fJomoperations (Line 4 minus Une 10)... CASH FROM INVES1MENTS 12. Proceeds from investments sold. matured or repaid: 12.1 Bonds... 12.2 StoCks... 12.3 Mortgage loans... 12.4 Realestate... 12.5 Otherinvestedassels.. 12.6 Netgainsor(losses)oncash,cashelluivalentsandshorHerminves1mentsm 12.7 MiSCellaneousproceeds... 12.6 Total investment proceeds (Lines 12.1 to 12.7)..".. 13. Cos1 of investments acquired jlong-tenn onlyj: 13.1 BOflds... 13.2 Stocks... 13.3 Mor'(jageloaos... 13.4 Realestatem. 13.5 Qtherinvested assels... 13.6 MisceJlaneousappllcalions..., 13.7 Total investrnenls acquired (Lines 13.1 to 13.6j.... 14. Net increase (decrease) in c:ontract lOans and premium notes"... 15, Net cash from investrnems {Line 12.6 minus Lines 13.1 and 14)... ..............".... . CASH FROM FINANCING AND MISCELLANEOUS SOURCES 16. Casl\prov\deQ\app\\ed~. 16.1 Surplus notes, capltalnotes...., 16.2 CaJlila\alldpa!dlnsUfPluS,leSSlreasurystocl..... 16,3 Borrowedfllnds... 16.4 Netdeposit!lonaeposit-typelXlntracbandolherlnsuranceliabitilies,.. 16.5 Dividends to stocktloldllfS... 16.6 Olllercash provided (applied)... ................. 17, Netcash!rom financing and mlsceIIal'l8Oussources (unes 16.1 to 16.4 minus Line 16.5 pII.IS Line 16.6)... RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT. TERM INVESTMENTS 16. N&t change in cash,cashequivalenlsandshor1-temlinvestrnenis (Line 11 plusllne 15 pJus line 17)... 19. Cash, cash equivalents andshlllt-term inveslments: 19.1 Beginning 01 year... 19.2 End 01 vear ILine 18 oIu!l Line 19.1\......... Note: Supplemental disclosures o'cash now infonnation fur f\OI'K2fJ\ \I'a!I~: 120.0001 5 1 CurrenlVear ............195,001,661 .............17,933,826 ...................1676865 ...........212,256,642 ..97.576.078 ............70,416,707 ..1,198,500 ..............10075000 ............179,256,285 .."..mm.32.992,357 ...............76.777,951 ...,.............2,266,970 ........73642 ................7'i),'40,563 ................90,011,576 ...6,010.170 ...1073768 ...........103095534 ..............123,954.9711 ...............12340"'" ................12340096 ...............11,371,48.1 .................3,399.~ ................24776567 .L 2 PriorYear .......,.........173,062,651 .....16.935,002 ......"J704 .~51 ,.189,293.303 105,753,564 ....69,365.624 ".868,224 .......38582(11 ..,.............179.645,614 .... ..9,441.689 ....61.472,612 ,....29,704.006 ............7691 ....91.164.309 .................136.217,083 ..............6,207,925 .......2005300 ................146430308 ...{S5.245,999) ......................110096832 "...............(10096632 ...(55,895,142) .....59,294,228 ,.....3.399,066 .1 ....1 ....,....Sla....;..,IfQ<l;heyg~g(...Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1 . PREMIUMS EARNED Line of Business NeI '''''''"''' Wrillenper ColumnS,PartlB .........1,276,275 ............322,917 .........2 ........36,818,359 ........24,077,493 Fire 2. Allied lines... J. Farmowners multiple peril... 4 5 6. 8 9 ""'"""""'''''''''''''i..... Commercial multiple peol... Mortgage guaranty... Ocean marine., Inland marine..... ............887.724 10 Finandatguarcmty... 11.1 Medicalmafpl1lclice-occurreoce... 11.2 Medicalmafpractice.claims.made... 12 Earthquake... ....(1) 13. GlWp accklentand health... 14. Creditaccidenlandtleallh(groopandindividuaQ..... 15. OtheraccidentandhealttL. 16 Workers' compansation.... 17.1 O\tIer liability. occurrence... .........16,144.252 ...................................2,441,609 .."......._~12A71 ..............106,935 17.2 OIherliabUity-c1alrns-rnade... 18.1 Productsliabllity'OCQJrrence... 18.2. PmdudS \\abi\ily. c\aim5-ma0e...... 19.1.19,2 Private passenger auto liability..... 19.3,19.4 Commerciat auto liability... 21. Auto physical damage...... 22. Alrcratt{anperils)... .................. 23. Fidelity... 24. Surety.... 26. Burglary and theft.... .......,56,468.993 .........11,840,843 .........44,796,219 ...............32,199 .............270,417 ...1.192 21. 6oiIerandmattlirlery...... 28. Credit... ....(21).. 29. Intem81lonal...... 30 31 32. 33. 34. ReinsUl'8l'lOa.non~assumedpropefty...,... Reinsuram:e. nooproporlional8S$Umed liability.... .........12,814.731)......... .............,,(6.524) Relnsuram:e-nonpropottional assumed IlnanciaIUf'IeS... AggI8gIlIeWfillHnsforo!hefUnllllofbustness ..........() ....194,680.842 TOTAlS.... DETAILS OF WRlTE.INS , Une8med Premiums December 31 PriorY&af' perCoI.31.as1 Year's Part 1 .............402,599 , Unearned Prernlums De<:embet31 CIJTTent'fear. parCo/.5 Part1A ....616,971 .....122,515 "..m ..................13tl,233 .....2,540 15,121,729 ..........8,897,304 ...........2 ................313,841 .....(5) .............6.277,327 ........2,540 .............14,993,242 ...............9,046,121 ...............2 .....332.483 .............(5) ...........1,065,014.........................1,123,422 ...............6,257,744 ....11,278- ....36.380 ..........24,081,963 ..............4,541.436 ...........18,-478,831 .....16,470 ...135,516 .........6J8 ...200,549 ............0 ....".....79.705,928 ......12,372 .......39.434 ...............23,048,174 .........................4,644,807 ...............17,854,516 .......15,532 .....15&,983 ............634 .....179,184 ................0 ..76,463,-442 Premiums E,mod Duling Year ICols.l +2.3\ ....1,061.903 ." 3OG,1~ ...2 ...36,946,846 ...............23,926,675 ...0 ....0 .......669,082 ...0 ....0 ...0 ............(1) ."Q ..0 ...0 ........ ....18,'63,636 ....2,383,401 .........11,378 .......105.631 ....0 .................57,502,782 ...11,737.471 ...45,422,531 ....0 "........33,137 ........248,970 ....... .............1,196 .........(21) ...0 o ...{2.793,366) .........(6,524) ...0 ....0 ............",195,923,328 3301. ....0 3302, ................. ....0 3303. ......... ......... ....0 3398. SUmmary of remafnlng wrffe.Ins for Line 33 from overlIowpage... ........0 .............0 "'.............0 ....0 3399. Totals (Lines 3301 lhru 3303 D1us3398I/Une33abOvel.......... .........0 ...... ...".......0 ................0 ....0 6 ....nnualSlate~nllo!1fl8Y88r~501.Ol8Erie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 1A. RECAPITULATION OF ALL PREMIUMS (a) Gross premiums {less reinsurance) aM unearned premiUms 00 all unexpired risks and reserve tor lineo/Business return Dfemiums under rate credit or retrosoe , Amount Unearned (R~nning OM Year or less Irom Date oI~~:icy) .,.,.. ......616,958 ...............139.228 ....2.540 ..........14.993,242 ,..........9,043.047 1 Fire. 2. Allied lines... 3 Farrnownersmultipteperll.., 4 Homeowners multiple peril... 5 Commercial multiple pern.... 6. MortgaQeguaranty.... 8. Ocean marine .. 9 Inland marine..... ...........2 ........332.461 10. FinancialgtJaranty... 11.1 Medical ma\pf8Ctice - occurrence... 11.2 Medical malplactice. ctaims-made.. 12 EarthQuake... 13. Groupaccidentaodooaltll... 14. Cred~ac:cidentand health (group and indiVidual)..... 15. Otheraccidentandhealth.... .......(5) 16. WOTkefS'compensatlon.... 17.1 OIherliability.OCC\.lrrence... 17.2 Olherliability.claims-made... 16.1 Produ\:1$iabiIltI.occurrence... ,... 18.2 Products liability. c:lairns-made...... 19.1.19.2 Prlvate passenger auto liabillty....... 19.3,19,4 Commercial auto liability... 21. Auto physical damage..".. 22. Aircrafl{allperils)... 23. Fidelity". 24. SUfety... 26. BurglaryandthElfl ..." 21. BoiIerandmachil'lery...,... 28. Credit.., 29. IniemilUOnaL 30. Reinsuranc:e. nonproporlionalassumed property....... 31. Reinsuranc:e.nonproportionala$SUmedliability,... 32. Reinsurance. nonpropoltional assurned financial lines". 33. Aggregatewrite-insforolherli1e$ofbusiness..... 34. 101"-L.S.......... ........ ........ ___......6,252.457 ............1,'19,1IJ3 .............12,372 ................39,484 ..........23.048.174 ...........4,644.807 ..........17,854,518 ............".14.432 .............119,065 .......634 ...............179,184 .....".".0 ..........78,412.303 35. AccruedretrospectlvepremlumsbllSedon8Xpenence... 36. Eamedbutunbilledpremiums....,.. ......... 37 Balancefsumoflines34throuah36L.... ....... DEl AILS OF WRITE-INS EamedBut UnbilledPremlllm 4 Reserve for Rate Credits andRetrospectiwl AdjUstments Based on ExnAri8nce Total Reserve fo<U_ Premiums Cols.1 +2+3+4 .",.....616.971 ......... ........139,233 ,............2,540 ...14,993,242 ......9,046,121 .....0 2 332.483 .....0 .....0 ....,0 ..(51 ...,,0 ....0 o ......6,257,744 ....1,123.422 ...........12,372 .........39,484 ......0 ....23.D48.174 ,.........4,64-1,607 ....17,854,518 ......0 ...................1!l.532 ........156.983 ...............634 .....0 ...,,0 .....0 .........17",184 ......0 ....0 ......0 ..,.78.463.442 ...7&.463,442 3301. ".-... ......0 3302. ............. ......0 3303, ........... ............ ......0 3398. Sunvnary ofresnaining write-ins for Line 33 from overflow page.. ...........0 ......0 ................0 ........... ..... .....0 ......0 3399. ToIalsfUnes3301 thru3303nlusJ398\/LineJ3abOVel.......... ............ "..__......0 ......0 ..0 ......... 0 ..... 0 ....12 .....5 .....0 ..............3,075 22 ..............5.267 .............3.719 ..............1,100 ..........37,919 ......0 ............51,139 .........."....0 ................0 ..........0 .......................0 (a) By gross premiUms is meanllhe aggregate of aU !he premiums written in the polides or renewab in force. Are !hey so returned in !hiS statement? Yes (X 1 No ( I. (bl St.aW!\ere basls-ot computation \Md in &am case: MonlhIy Pro-rala 7 J\mUa1~rtI1~rtleynr2~~lheErie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 18. PREMIUMS WRITTEN Gross Premiums (Less Retum PremiUffiSI, l!'\cludiM P<' IiC'4 and Membershio Fees Written and Renewed Dunnn Year 1 Reill$Ur&l'ICeAssurned ReinsU/'lll1C8Cedod 2 3 4 5 """ au~ From Afliliales From Non-Affilillte ToAlfiliates To Non.AffiliateS .......543.700 .....1.276,275 ..,.....543,700 .....240,448 -322.917 .............240.44& ."..2 ......,,,.21,386,314 ....36,818,359 ...........21.386,314 ... ..........30,408,242 ...24.0n.493 .29.969.162 .............439.080 line of Busmess 1. Fire...... 2. Allied ~nes.. 3 Farmowners multiple peril. 4 Homeow~ multiple periL 5 Cornmerdal mulUple peril... 6 MOl1ga.ge9uaranty... 8 Ocean marine..... Irllandmaline ......548,672 10.F~guaranty. 11.1 Medical malpractice-occurrence.... 11.2 Medicatmalpractice dalms-made... 12. Earthquake... 13 Group ao::identand health... 14. Cre<:lilacddenlaoohea\lhlglOOpandIndNklual)..... 15. Other accident and health... 16. 17.1 17.2 Workers' compensatiOn..... OIherliabillty-occurrence... OtherliabHity.cJaims.made... .............39,642,446 ...2,890,377 ..........2.466 .......3/j.m 18.1ProdoclSliability-~... 18.2 ProdUClSliability-dalms.-made..... 19.1,19.2 Private passerqerauto liability.. ........................18S'069.428 .............................33,609,248 ............138,265,225 19.3,19.4 Commefdalautoliabl!ity. 21 Aulopllysicald8lTlage..... 22. _(.._I.... 23. Fidelity... 24 SUrety.... 26. Burglaiyand Iheft... 27. BoiIerandmachinery... 28 Credit.... ......621,365 ...............5,122,946 ......12.258 29. 30 31 32 33. 34 InternationaL. ReinSlJrance-llOnproporlional 8S$Wl1ed property... Reinstnllnce-nonproportional assumed IilIbllity... Reinsurance-nonproportJonalassUmed Ilnanclal lines... .2,441,809 ,.......12,471 ....108.935 ...............0 ...56.468,993 ........183.78-4,668..........1,284.760 ....56,468,993 ....11,840,843 .. ......10,261.756 ....... .42,924,14& .__.946,856 ..........11,840,843 ...44.798,219 ...........132,328 .......138.397,553 ... .......,.-44,798,219 .........887,724 .548.672 ....I... ..('I ....18,144,252 ......2.441,809 ..........12.471 .........108,935 ...............3,771...........39,646,217 ,............2,870,573 ..,1,466 .....t9,804 ...............36,777 ..........32,199 ........270,437 ............1,192 ................(21) ...............621,365 .............5,'22,946 ...22,258 ..............xxx... ........150,716 ,__""'_,)(XX,,.. "".... .(1),524) .. ............XXX.... Aggregatewrtte-insfl1l"otI\eI\\nuofbuslness TOTALS... ................0 ...........2,965.447 ....0 .......0 ..........0..........................0 .....10,397,855 .......469,082}14 ...""......2,690,500 "......194,680,&42 .........458,409,912........,197,646,289 DETAILS OF WRITe-lN$ 6 NetPremiurns Written (Cols.1 +2"'3 -4.5\ ...1,276,275 ....322,917 ....2 .36,818,359 .24.077,493 ".0 ..............0 .887,724 ..0 ..0 ...0 111 ...0 .,,0 ,........".......0 ...........,,18,144,252 ...0 ........32,199 .__....270,437 ...........1,'92 ............(21) ..............0 ................0 .........(2,814,731} ........(6.524) .................0 ................0 330t. ..................m....._... ...0 3302 .......... ..0 1303 ........0 3398 Summary of remaining write-ins lof Une 33 from overllowpag ..........................0 ....0 "....'". .......0 "..."".0 .............0 ...... ...........".....0 3399. Totalsll.lnes3301 lhru 3303 oIus 3398\fllne 33 above\....... ......"......0 ....0 .......0 ...........0 .............0 .0 (a) Doeslhec:ompany'sdirectpremiumswrfttenincludepremium5recon::1edonanlns1allmentbe.$is'? YesllHolxl If yes: 1. Tne amount ofsuch Installment premiums $..........0. 2. Amount at which such Insiallment premiums would have been reported had !hey been I1lCOI'ded on an annua8zed basis $.., .....0. 8 ~~~~gC: ~~<:;c: ~C!c ~~~~ ;~i i~ ~ ~ H~! . . ,.,"' ~sa~ ?- m :z:: >< W I- fil . zo:: wo:: :;;0 1-;;; (1)0 w::i >0 ~<l C Q. ~ zffiv <l:l Cl9 z . ~ _N ......... j ii2~~ :!: Q. j a: w c z ~ .., <'l<'ol<"> .., .0-'''-> ~....<""! 1'l'jl",J,,'; ,,: fUa~W~ "Ip~~ ~~~!~ [ ~I ;:..., ~ ~ ., . ..,............. N. NO. oi -;- '4 ~?l'! ~ ~ . :;: . ~ ~ ,., 'q: cn....--=-<C :2~~~ ~ ~. , j ~t3~i~~~m ~~~~1~~~ G;'.....OOlD ~i1i !~ -r,g' . :C'f ~:e:<;;:c 9::4~ :;."! ~re;;;~ ~~~~ ~g~ .,.., i~~ :.... 0 i~<"'i Ef;;~!~ ~~ ;?j ~ ~~~ l~~ ~~ ~ hol', ,. t>5.8 : z ~ g~S!:~~ ,-<oi~ [~~ 31 11115 :: ....:"" ~:!i!>-o :: :..... Ii> .-Jg.'ErS' '&i:::d~c z 8: ~ ill::l - ~ ~'?~~ ~~ . . ~. ~~ ON ~~ "'''' ::l'i U"1 Hi &.a:. ) N :g~";;:~ -~ ~<'I- ~o t::~ ~J' ...; ~ . ~: i · '" . lJ :r\N N~ ~~ ~ ~N ;!;:gi!i .oM"'; ~~~ - ~., ~~'i ~~~li! 4~ . . ;:;:;;n ~~ "1~' ~ ~ ~Rg O~~ ~i!~ QeDN ~- a:;~<'<: ~.~. . :<"l S1~>; .o~ !~~ ~. :~~ ~ . j . , . . . . . . . . , , . . . . . . . . : . . , : : . : : : : " : : . , . . . . , . . . . , . . . , . . . . - - . . . . , . . . : ! : : : , j :j , ~ 'Iii · .1 'Iii~ ll~ II ,12 811)1 I11I tfft~~iff ii~li 'ffllit ~f -I~~i jlll~~gi-~iilliffil!iiif iilillli~ ~~~~uI~~~j~wl~~~~~~~l~~<~Imjus",,,,JJ~ j " ~ ~!;~ <D_-"':ri ""0>..-0> o <c . . :!{~ -. "'~ 00"': ~ ~ ~~ """'..:! rei81ireC ~~ne ~.g~"'f g~~ ~--: ~~-~ !iij1;"''1!ll~", <1:t: : j~r:i ,-. :a~ ("!"': ~NM",,",~~oO~g~~~d~~g~~;~~~~~~~~~re~g~~~~ g?~ er~ a N M 1~ ~ l!l::l O.C'!. ~$ -~ ~:iiU ~-~~ U ~ :< ~ ~~~4 m:JSl ~~ ~ ~ ~ ~ . . . ri",,",~. ~'i .., .. ~~.., , !;, III ~. ~ ~@ PI - ~ [~ ~ ~~~..~~~~ riNN N~; ~ m (1; ~_ ~:!~ .. ~~~ ,"":ri '............ ,OJ ~ <0_......... ~$~~ ~gi~ <:c!""":- . ; ; : ~~~~ ~H H fH~~~ iBli! ~~ ~ . ,. ~~~ \<1 , ,< !!J ~ ~~~ ~ ~~ ~g ~af ill ~ 9 ~ ;:\ N N ~ . ' , ~ l , i l ,< . ,<. < , 'C< tl II g::l d il i~ .~ Ii ~! Ii ~~ ~U U ~ '1/ ~ ~. ,< ;z g N .- ~ ~ z ~ ~ :!; ~ c ,< ~ .- ill ~ \;, \ \ 1 '. j j " j j j j ,\\' .\,. ,\\\1\\, ,.' . T' ., .ldr t .\ \ '\ . \ \ \ l \ \ \1 \ \ \ \ \ H \ \ \ \ \ \ \ \ \ \\\\\ ! \\\\\\\(. \\\\\\\\\'\n\\\~\~"\\ ,i\\\l\\\\\\\\\I\\ii\\\'lit\t\\\\l~ -" . . . . .-"-"..~ .~~~~~.~~~~ _N~~~~~~~~~~~~~~~~..~~"~""~"""~~~~~ ~$ ~ t2~"%~ ~-l':;; li\,.; Ii ., ~ \\J .~ :b C~ ~. ~. ~$ffi~ <.Ore~ ~~~~. ~s.~ <'i : ;::C'l.; g~ ~~ -',~ .....0::> 0:n ~ St ""', "i$. ~ ~ \ \ ' \ "'. ~ ~ "~,"'\j~ '" '" < ~ .,,; < 'I g i<~' ~ \"" :;1",,,,$ ",lii" g~.'" _.Q.M. . ~S~,~, ~~,~j <\,~ " \~%j ~ o , ", ~ ~ ~ $\!j."'~ \':.i< S','" 1 "', r:$~ i~<<> ~:~ ~ \ QQ ,,,:I'. -. . \' .. ~M ...... .'- -' ' 1:";)". ~ ~~~. ~.,eti~ mY'--..... . .,.;"': ~. . 11!~~ ~~~ ;,ti...., ~~~ ~~ \<<1 j ~ ~ ;-;;og ':i Ii; ~ ~ i Hi~ ~ "\'" tl & gj,ffi ~~ ~% .-::0>: ,-", M. :0. N $~ ~c; ~ .. .. ., .. . .". .... ". '0' \~ $~ ~~ ~.'1. ~ ~~.~ ~l~ "'~ ~$ ~ ~. W \. " ' ,~. .' ,,', ,. ,c' ~ 'ii,. ,~_~.~-~ 1i!,$:! ~"s,,,,,~ .. .,"\," ",. to< ..' . ",&. ;'. ;;'. ,'. . .'- ,,' "~'. \~ ~ ~ ' \,' \., ~ ~ "'~$~:0' $i'>,~- ? ",~.~~i: '88.S' ~;S";< s,~_i";< &. ... ' .,. .' .. - ....... ,so · ::E "'.., "'C'-'" -' ., .0 ,.- -. ,... \ \ -\nr\" ". ,", ,.' .,- " ;; ~ :1 ,,' .." ." " C .~ ~ a Jill ~~ ~~ ' ~". ~\' ,~ \, U l\l'\ \ a:t~ ll, ~ ~ l\~_-~.'.~~ 't. ~ ~ U!,~ ~n .w' '.~\i .. . I." ;' . .-- .e ~ i" f" o' , , j ~~\\~ --c~ l . ...;$i \, \. --c ~i~% ~~,,;,;, l!i. Rl~ :ir.\i ~~,..r;. $~ "ys 10 \, ~ \;\ \il. \0 \ ~1'l M ~. " ~ '" l<~ \ ~~~~~$ MnU.'StJ,e~entl!l,ltleye/lr2005cfltleErie Insurance Company UNDERWRITING AND INVESTMENT EXHIBIT PART 3 . EXPENSES 1 2 3 4 0'''' Loss Adjustmenl u_, Investment Ex"';"ses Ex......nses Ex......nses Tolal 1. ClalmadjUSlmenlservices: 11 Direct.. ...........13,2QO.810 ....13,200.810 12 Reinsurance assumed... ...7,838.621 ...7.838.621 1.3 Reinsurnnceceded.,.. .............14,469,047 ,.14,469.047 ,. Nelclaim adjustment5ervices (1.1 +1.2-1.3)... ...6,570.385 ........__0 ...__0 6.570.385 2 Com/Tlission and brokerage 21 Directexcjudingcontingent ...........50,195.203 .50.195.203 22 Reinsurance assumed exCluding contingent. ...........27.596,7-48 .27.596,748 23 Reinsurancecedede~cluding contingent.. ..........51,069,119 ..51,069.119 2' Contingent-direct... ............. ...0 2.5 Contingenl-relnsurancllassumed,,, .....0 2.6 Contingent. reinsurance ceded... ....0 2.7 POlicy and membershiP fees... ...."...... ...0 2.8 Net commission and brokerage (2.1 + 2.2 - 2.3 + 2.-4 + 2.5 2.6+2.7)... ...0 .............26.722,832 .......0 ..26.722.832 3. Allowances to managers and agents",.. .....0 4. Advertising... ...................., ...........6,729 ...487.052 ......493,781 5. Boards. bureaus and assodations... "''''''_.,,-''' ."...".1)4.307 ....425.1~ ........-489.500 6 Surveys and underwrWing repor1s... .........25,210 ...............1,332.722 .....1.357,931 7. Auditolassureds'records... ...373.8-40 ........373.840 8 Salary and releted ilems: 81 Salaries". ...7.262,9&4 ..........".9.885.195 ......76.144 ..17.224,303 82 Payroll taxes... .......566.885 ...653.935 ....4,467 .....1,225.287 9 Employeerelatiol\S.and~... ....1.766.451 .....,.......,,1,968,848 ,.,........13,146 .....3.748,445 10. Insurance.... ......128,186 .....90,045 82 .....218.293 11. O~.~... "..166,987 .....166,987 12 Travel and travel ilems". ",,,..588.758 ,..,415,6n ........"..........3,854 ....,1.008.289 13. R&IIIand ren\.\\.&ms... .......320.005 ..819,888 ...4.273 ......1,144.166 14. Equipment... ...1,025,250 ...............1,419,648 ...............11,501 .....2.456,399 15. CO$! or (Ieprecieron 01 EDP equipment and software,,, ,.......50,165 ..........50,165 16 Printirg and stationery... .........88.391 ....365,856 ...1,562 ....................455.819 17 Poslage,lelephoneand telegraph, excOarlQealld express... ,......387,900 ................1,881.570 ...1,445 .....2,070,915 18. Legalandaudlling..... .......472,057 ......... ...802.531 ...............16,985 ......1.291,573 " Tolals(L1nes3to18}... .................12.753,256 ............20.888.998 ....................133.438 ...33,775,691 20. Taxes. licenses and fees: 20,1 State and local insurance taxes deducting guaranfy associaUon credits of$.....63,388... .............,4,137.932 ."...4,137,932 20.2 Insurance department licenses and fees.... ....467.586 ...."..467,586 20.3 Grossguarantyassoclaoonassessmen!s... .............. ...............(258,850). ......(258.850) 20.4 All other (excludirg lederal and foreign income and real estate}... ........19917 ............40 ......19 .....,...19976 20.5 Total taxes, licenses and lees (20.1 +20,2+20.3+2t),4}..... ........19,917 .......".....4.346,707 .........19 ......4,~.644 21 Realeslateexpenses... .....0 22. Real estat.18xes.... ...,,0 23 Rernbursements by uninsured accideot and health plans... ,...0 24 Aggregete 'Nfite-jns lor miscellaneous expenses.. ........70,301 ....335.716 ....i1.713 ......417,790 25. Totai expenses incunBd... ..........19,413.860 ...........52,294.253 ..........145.230 (e)... ..71,853,342 26 l$SSunpaidexpenses-currentyear... ..............28.0111,451 ,.....".....,2,3e1,2?11 ............42.761 .30,442,443 27. Add unpeid expenses-prior year,.. ..............26,163,449 .............,2,983,355 ........,....45.916 .__.29,192.720 28. Amounts receivable relating to uninsured accident and hllalll1 plans, pr!oryear... ....................0 " Amountsrecelvab/erelatlngtollf\l'lsuredeccidenlandheatthplans.CUfTenfyear.. ....,.... ..0 30 TOTAL EXPENSES PAID (Unes 25.26'" 27 - 28 + 29)... ................17.55&.857 ........, ........52.896,377 .....,......148,385 ,...70,603.619 2401 Misce~aneOlJSExpeMe__ ............. 68,986 ................335,241 .............11,773 .........416.000 2402. Conlributlons-Ghai1ties... ...........1.315 "'.......475 ,........................1.790 2403. ........n....... .......... ......................... ........n. ..."...............0 2498. Summary of remaining write-Ins for Line 241rom overflow page... ...0 ..............0 ........0 ........0 2499, TotaIs'Lines2401l1V1.124Q3Nw24g&lllin&24a1looie'..... ............. ........70301 ...335,716 .............,,11773 ......................417.790 DEl AILS OF WRITE-INS (a) Includes management fees of$ ,,,......Oto llfflJiale311nd $, ". ....0 to non-afflflates. 11 An,",alS~menlfo,,,,,yel';OO5Q11l1.Erie Insurance Company 1 2 CoDeded .""'" Duri"" Year n.::;'Year 1 U,Sgovemmentbonds... I')", ..439,509 463,912 11 BondsexemptlromU,S.tax. ..... (.)... ..................479,212 ... ...504,916 12 Olherbonds (una1f~iated), ........... {1I)... 15,389,803 ....15,668,804 1.3 Bondsofafliliates.... ....".. (al... ......... 21 Prelerredstoc.:ks(unalfll"llIted)... (').. .....,1,290,633 ...1.328,674 2.11 Prelerredstocksofaffifiates.... I').. 2.2 Common stocks (unaffi~atedl.__ ...... 2.21 Common stocks 01 affUiates.. 3 Mortgage loans ........ (c\." ..... ." . Real estate... (d).. ..... 5. Contraclloans,.. 6 Cash, cash equivalentsaM short.-tellTl investments... {al... ....135,317 .....__..142,548 7. Derivaliveinstruments... ................. ......... {Q.. 8. Otherinvestedasset3... .....,.......~,_... 9 Aggregate write-ins forirwestment income... ......24409 ..........................24409 10. Total "mss Investment income... .............17.758883 ......18,133,323 11. lnvest.rnentexpenses... ..(,)...... ...........145,211 12 Investment taxes, licenses and lees, exduding federal Income !aXes... ...(,)... .....19 13. tnterestexpense..,." .................. ...{h)... 14. Depreciation 011 real estate and other invested assets..... ...(1). 0 15 AggregateWf'ite.insfordeductionsfrominvestmentin<:Ome... .......0 16. Total~(\..ines11throug1l15)... ..".......145230 17 Nel investmenl income (line 10 minus line 16}... .....17,988.093 EXHIBIT OF NET INVESTMENT INCOME 0901 Misceilaneouslnterest... ....24,409 .......24,409 0902.,.. 0903. , 0998 Summary of remaining write-ins for l,.ine 91rom overftow page......... ..........0 .....0 0999 TotalsILiJ'leS0901thru0903nlus0998;;Une9~;......""".... .....24.409 ..24,409 15{)1. 1502. .................. 1503... ...... 1598. sum~Ofremainingw~,for~~5fromOY~paga.,..... .0 1599. Totals inas 1501 tIvu 1503 us 1598 l.lnoe 15above ............... .."..0 DETAllSOFWRlTE-IHS (a) Includes$ ...246,527accrualofdis<:OuntIessS....6f2,616amOftjzationolpremiumandlesS$.....520,609paidforaccrue<lintereslonpuld1ases. (b) Indudes $. ........0 accrual of discount less $... .....0 al11Oltization of premium and leSs $... ...0 paid for acx:rued dividends on plJl'Chases, Ie) Includes $. ........0 accrual of disoounlless $... . ....0 amortization of premium and \eSS S. ........0 paid for accrued interest on purchases. (d) Includes $ . .......0 for company's occupancy-of its own bUJlclings: and excItJdes $... ......0 fntereSt on encumbrences. (el Jncludes$ ..972ao:rua1ofOlsoount\essS.....10,061amortiza1iOnolprernlUmandless$.....45.753paklforaccruedfnterestonpurcl1ases. (~ Includes$ ..."'..OaccrualofdiscoonlIessS.........Oamorllzationofpremlum. {g) Includes$.,,,.....Oinveslmel1lexpensesandS..........Oinvestmenllaxes.liCensesandlees,exctuding~incomete.Xil$.8.ttf\tlo.rt8bletoSegrega\lldand Separate Accoun\S. (h) Includes$.........Ointerestonsurplusno!esandS..........OinterestoncapitalrM)\e$. (i) IndudesS,.. .0 depredation on reslestate i1nd S... ...Odepreciallononotheriflvesledassels. EXHIBIT OF CAPITAL GAINS (LOSSES) 1 2 3 . Realized Gain (loss) O#le< Increases ons~~ Reafrzed (Decreases) by "...." Ad'uslmen1s .Adiustmefll To1Ol 1 U.s.govemmentoonds... ...... .....(2~2.704-1 .... (212.704) 1.1 Bonds exernplfTomU,S. tax... 0 12 Otherborld$(unaffillaled)... ..729,495 ........(963.183) .... ....64.040 ."...............(169.648) 13 Bonds of affiliales...... ................ ...0 2.1 Preferred stocks (unaffilialed)... ..."................... ...288,970 ............................(520.594) .......{231.624) 2.11 Preferred stocks of affiflates.... ......... .....-.. .....0 22 Common $lOcks (unallirraled)... ......., .....0 2.21 Common stocis of affiliates..... ............... .............................1,994.034 ..,,1.994,034 3. Mortgagaloans.. ................. .........,........... .....0 4. Raalestate... ....0 5. Conlrllctloans..... ....... .... ........ .............~ .... ........,...,.... ....................,. .....0 6. Casll,cashequivalentsandshort.terminY8Sbnents... ..,............. ............ ....0 7. OetiYativelnst1Uments..... .....0 6 Olherinvestedaslll:lls... ................. .....0 9. Aggregatewri~~~~~lgalnS (losses)......... ............ .................. ......32320 ................. .......0 .............0 ..........32320 10 TotalCanital"ains losses.................................. ..............,. .......@.1,05O,765 ......... 963183 ............. ..............1,324.n6 ............... ...1,412,378 DETAILS OF WRITE INS 0901. Miscellaneous Capl1a1 Gain".... ................"'32,320 ..........32.320 0902 ....0 0903 .....0 ........... 0900 Surn:~? of remaIning wrtte.lns lor L~~ ~ from overflow page... .....0 m....Q ......... ..0 0 ... 0999 TotaJsl.inas0901\t1ru0903nlus0998Line9a~<.."...,',.. ....32,320 .......0 .....".............."...0 ......32,320 12 AnnualS,,~tfO{,lheyear2~c{It4Erie Insurance Company EXHIBIT OF NONADMITTED ASSETS 1 2 3 Current Year Pri,orYear Changemlotal Total Total N~~admitted ~~1S NOIladmittedAsseIs NonadmittedAssels GeI.2.CoI.1 , Bonds (Schedule D).. .....0 2 Stocks (Sctledule O}: 2.1 fl~eTT&ds\OC.'ks.. .....0 2.2 Common stocks... ......Q 3. MoIigageloans on real estate (Schedule B}' 31 First liens... ....... ......... .....0 32 OIherthanfitstliens... .......................................C 4 Real estate (Schedule A): 4.1 Properties occupied by the company... 0 4.2 Properties Mld lot \he prolllldion 01 income... .....0 4.3 Properties t\eld for sale... 0 5 CashISchE!duleE-part1),ca:shequivalents(ScheduIeE-Part2) andshort.temlin~e$tments(ScheduIeDA).... ....0 5. COO\ractlcal'lS... ....0 7. Qlherinvested asseb (ScheduIeBA)..... 0 , Receivabtesforsecurilies... ......0 9 Aggregate write-ins forinvesled asse\$... .. .......~.<".. .,,0 .........................,0- ....0 10 Sllblotals, c:ash and Invested assets {Lines 1 to9l... ...0 ..........0 ......0 11. Titleplants(forTitleinsurersoolyl..... .....0 11. Investment income due and accrtJed...... ......0 13" Premiumsal\dOOll~: 13.1 Uncollected premiums and agents''oalances in ltle course ofcollection... ......363,598 ..........,289,516 .,(74,(]82\ 13.20elerredpremjums.agents'balancesandlnstallmentsbookedbut deferred and nol yet due... ..............".. ,...................0 13.'3 Actnled relrospective premiums... ......0 14. Reinsurance: 14.1 Amol.lnlsrero~eIllblefromreinsurers.... ......0 14.2 Funds held by or deposited willi reinsured companies...... ".............. ..............0 14.3 O!hetarTlOtlnlS receiYable under rei1surance cootracts... ....0 15 Amounts receivable relating to UlW\~ plans... ...0 161 Currentlederalandforeign/rlCOmetaxreco~elableandftlterestlhereon,.. . ........... .....0 1~.2 tleld~laxas!IBL ,.................0 17. Guarantylunds receivable or on deposit... ......0 18 EleclrDnicdataprocessingequlpmentllndsoflware... .....0 19. FumitureandequiplTlelltincludtnghealthcaredeliv8f)'8SSels... ................... ............. ...0 20 Net adjustment in assets and' liabilitlesdU8 ID Ioreigll exdlange rBleS... ................. ..............,.. ...".0 21. Receivablefromparent,Subsidiariesa(lda~... ......0 22 Health care and other amoull\S receivable.. ....0 23. "ggf99atewl\te-\nsfotothe'lhanill~estedasselS... ............1807524 ............1197863 ...../609'" 24. Total assets excluding Separate Accounts, Segregated Accoullts 3Ild Protected Ce<<I\toou<;\lSlUr.es101hrough23)...... .............,.2,171,122 ...........1,487,379 ......1683,743) " From SeparateAccounts,Segregaled Accounls alld Protected CeIAccounls... ....... .............0 25. TOTALS(Lioes24alld25}... . ................2,171,122 ............1,487,379 ......(683,743) 090t ................. ........... .......... ........... .....0 0902. ......... .......... .............. ......0 0903. ....0 0996-. S\lmIl'I8r1 of remaining write-lIlS IorLine 91ram overflow pagEl.... ...............0 ........... 0 ...... .....0 0999. T....~Js Lioes0901Ihru0903n1lJs09981fLine9:lhnve1.. .. .........'".......... ................0 ...... h........... ,..,..........~ .......0 ................. 0 2Jo1.1ntangIbleAsset... ..........1,807,524 ..........1.197,863 ....(609.661) 2302 ...0 2303 .. .0 239B. Summaf)'of remainillg ~forLine 23 from overflow page... ................0 ........ ...........0 ....0 2399. Totals ILines 2301 Ihru2303 "ilia 23981 fLlne 23 above\...... ...............1807524 ...........1197863 .....1609661 OETAll$OF WRITE--INS 13 \~ ~ j>\'J ~ (~ 0. -J ~ -- " O"-c 'V :---.. c/. 'it. ;:. -s-.. S" )-"" \ ~ ~ f" ~, 'J ~--\ " c) ,,--'-"1