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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Management fee received $ 1,887,537 $ 1,845,075 $ 1,751,247
Administrative services reimbursements received 587,347 588,255 574,698
Service agreement fee received 25,797 27,627 28,677
Net investment income received 35,740 36,442 44,662
Commissions paid to agents (928,864) (895,563) (853,758)
Agents bonuses paid (108,227) (115,795) (134,314)
Salaries and wages paid (188,070) (186,460) (182,537)
Pension contributions and employee benefits paid (33,098) (42,728) (115,525)
General operating expenses paid (253,545) (236,128) (208,036)
Administrative services expenses paid (598,753) (582,528) (580,338)
Income taxes paid (82,576) (72,817) (58,814)
Interest paid (693) (853) (2,377)
Net cash provided by operating activities 342,595 364,527 263,585
Purchase of investments:      
Available-for-sale securities (396,014) (956,818) (392,895)
Equity securities (79,518) (66,760) (4,087)
Other investments (1,142) (1,080) (243)
Proceeds from investments:      
Available-for-sale securities sales 101,718 687,347 235,323
Available-for-sale securities maturities/calls 118,852 303,798 134,396
Equity securities 70,405 16,109 4,162
Other investments 613 3,722 3,387
Purchase of fixed assets (55,528) (102,039) (56,297)
Proceeds from disposal of fixed assets 15 777 6,014
Loans to agents (10,098) (17,611) (42,594)
Collections on agent loans 7,472 7,921 6,436
Repayment of note receivable from Erie Family Life Insurance 0 0 25,000
Net cash used in investing activities (243,225) (124,634) (81,398)
Cash flows from financing activities      
Dividends paid to shareholders (272,902) (167,651) (156,474)
Net (payments) proceeds from long-term borrowings (1,967) (1,920) 24,983
Net cash used in financing activities (274,869) (169,571) (131,491)
Net (decrease) increase in cash and cash equivalents (175,499) 70,322 50,696
Cash and cash equivalents, beginning of year 336,739 266,417 215,721
Cash and cash equivalents, end of year 161,240 336,739 266,417
Supplemental disclosure of noncash transactions      
Transfer of investments from other investments to equity securities 13,041 3,310 0
Liability incurred to purchase fixed assets 14,214 6,800 8,453
Operating lease assets obtained in exchange for new operating lease liabilities $ 4,943 $ 35,483 $ 0