Erie Insurance Q1 2025 Financial Report Highlights
Erie Insurance Company, domiciled in Pennsylvania and organized since 1967, released its quarterly statutory financial statement for the period ending March 31, 2025.
The report provides a detailed overview of the company’s assets, liabilities, income, expenses, and capital and surplus status, in alignment with the NAIC Annual Statement instructions and statutory accounting practices.
The company reports net admitted assets of approximately $2.77 billion, supported by a diversified investment portfolio including bonds, preferred and common stocks, mortgage loans, and real estate holdings. Cash, cash equivalents, and short-term investments totaled over $129 million, reflecting liquidity positions essential for underwriting and claim obligations. Liabilities encompass aggregate reserves for life and accident and health contracts exceeding $2.65 billion, alongside reserves for policyholder dividends and other contractual obligations.
The statement indicates premium and annuity considerations received, complemented by investment income and various fee-related revenues, contributing to the company’s operational revenue streams.
Expense categories include commissions, general insurance expenses, taxes, and miscellaneous deductions necessary for maintaining business operations and regulatory compliance. The company’s net gain from operations less dividends and income taxes is documented, alongside realized capital gains impacting comprehensive income. Capital and surplus details reveal stability with slight changes from the prior year-end, influenced by net income, unrealized gains and losses, and capital transactions.
The cash flow sections highlight operational, investment, and financing activities, detailing premiums collected, benefit payments, investment proceeds, and financing inflows and outflows. This comprehensive financial statement fulfills regulatory requirements and provides insights into Erie Insurance’s financial health, risk reserves, and capital adequacy during the first quarter of 2025, offering a substantive basis for insurance professionals assessing the company’s market position and solvency.