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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 189,072 $ 182,889
Available-for-sale securities 56,138 62,067
Receivables from Erie Insurance Exchange and affiliates 378,540 348,055
Prepaid expenses and other current assets 30,169 24,697
Federal income taxes recoverable 5,260 11,947
Accrued investment income 6,337 5,491
Total current assets 665,516 635,146
Available-for-sale securities 657,153 537,874
Limited partnership investments 58,159 88,535
Fixed assets, net 69,142 59,087
Deferred income taxes, net 53,889 40,686
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 20,096 20,968
Total assets 1,548,955 1,407,296
Current liabilities:    
Commissions payable 210,559 195,542
Agent bonuses 114,772 106,752
Accounts payable and accrued liabilities 88,153 88,532
Dividends payable 36,441 33,996
Deferred executive compensation 19,675 20,877
Total current liabilities 469,600 445,699
Defined benefit pension plans 221,827 172,700
Employee benefit obligations 756 1,234
Deferred executive compensation 13,233 16,580
Long-term borrowings 24,766  
Other long-term liabilities 1,863 1,580
Total liabilities 732,045 637,793
Shareholders’ equity    
Additional paid-in-capital 16,300 16,311
Accumulated other comprehensive loss (121,381) (96,864)
Retained earnings 2,065,911 1,993,976
Total contributed capital and retained earnings 1,963,000 1,915,593
Treasury stock, at cost; 22,110,132 shares held (1,155,846) (1,155,108)
Deferred compensation 9,756 9,018
Total shareholders’ equity 816,910 769,503
Total liabilities and shareholders’ equity 1,548,955 1,407,296
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178