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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 182,889 $ 91,747
Available-for-sale securities 62,067 63,278
Receivables from Erie Insurance Exchange and affiliates 348,055 335,220
Prepaid expenses and other current assets 24,697 26,020
Federal income taxes recoverable 11,947 11,448
Accrued investment income 5,491 5,538
Total current assets 635,146 533,251
Available-for-sale securities 537,874 526,492
Limited partnership investments 88,535 112,617
Fixed assets, net 59,087 62,991
Deferred income taxes, net 40,686 37,321
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 20,968 21,526
Total assets 1,407,296 1,319,198
Current liabilities:    
Commissions payable 195,542 189,918
Agent bonuses 106,752 88,228
Accrued expenses and other current liabilities 42,006 39,560
Accounts payable 46,526 35,844
Dividends payable 33,996 31,714
Deferred executive compensation 20,877 14,891
Total current liabilities 445,699 400,155
Defined benefit pension plans 172,700 188,820
Employee benefit obligations 1,234 1,889
Deferred executive compensation 16,580 24,087
Other long-term liabilities 1,580 1,113
Total liabilities 637,793 616,064
Shareholders’ equity    
Additional paid-in-capital 16,311 16,317
Accumulated other comprehensive loss (96,864) (117,701)
Retained earnings 1,993,976 1,948,438
Total contributed capital and retained earnings 1,915,593 1,849,224
Treasury stock, at cost; 22,110,132 shares held (1,155,108) (1,146,090)
Deferred compensation 9,018 0
Total shareholders’ equity 769,503 703,134
Total liabilities and shareholders’ equity 1,407,296 1,319,198
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178