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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 124,111 $ 182,889
Available-for-sale securities 46,087 62,067
Trading securities 496  
Receivables from Erie Insurance Exchange and affiliates 387,273 348,055
Prepaid expenses and other current assets 33,885 24,697
Federal income taxes recoverable 0 11,947
Accrued investment income 5,816 5,491
Total current assets 597,668 635,146
Available-for-sale securities 607,548 537,874
Limited partnership investments 70,952 88,535
Fixed assets, net 58,986 59,087
Deferred income taxes, net 35,780 40,686
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 18,892 20,968
Total assets 1,414,826 1,407,296
Current liabilities:    
Commissions payable 217,203 195,542
Agent bonuses 58,235 106,752
Accounts payable and accrued liabilities 90,856 88,532
Dividends payable 33,996 33,996
Deferred executive compensation 13,252 20,877
Federal income taxes payable 1,960 0
Total current liabilities 415,502 445,699
Defined benefit pension plans 170,619 172,700
Employee benefit obligations 910 1,234
Deferred executive compensation 12,461 16,580
Other long-term liabilities 140 1,580
Total liabilities 599,632 637,793
Shareholders’ equity    
Additional paid-in-capital 16,300 16,311
Accumulated other comprehensive loss (90,373) (96,864)
Retained earnings 2,033,187 1,993,976
Total contributed capital and retained earnings 1,961,284 1,915,593
Treasury stock, at cost; 22,110,132 shares held (1,155,301) (1,155,108)
Deferred compensation 9,211 9,018
Total shareholders’ equity 815,194 769,503
Total liabilities and shareholders’ equity 1,414,826 1,407,296
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178