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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 110,418 $ 189,072
Available-for-sale securities 77,412 56,138
Receivables from Erie Insurance Exchange and affiliates 392,319 378,540
Prepaid expenses and other current assets 39,065 30,169
Federal income taxes recoverable 0 5,260
Accrued investment income 6,504 6,337
Total current assets 625,718 665,516
Available-for-sale securities 642,457 657,153
Limited partnership investments 54,457 58,159
Fixed assets, net 68,685 69,142
Deferred income taxes, net 52,495 53,889
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 21,224 20,096
Total assets 1,490,036 1,548,955
Current liabilities:    
Commissions payable 219,256 210,559
Agent bonuses 32,882 114,772
Accounts payable and accrued liabilities 81,551 88,153
Dividends payable 36,441 36,441
Deferred executive compensation 14,613 19,675
Federal income taxes payable 19,478 0
Total current liabilities 404,221 469,600
Defined benefit pension plans 211,415 221,827
Employee benefit obligations 605 756
Deferred executive compensation 16,212 13,233
Long-term borrowings 24,753 24,766
Other long-term liabilities 2,972 1,863
Total liabilities 660,178 732,045
Shareholders’ equity    
Additional paid-in-capital 16,292 16,300
Accumulated other comprehensive loss (119,860) (121,381)
Retained earnings 2,077,346 2,065,911
Total contributed capital and retained earnings 1,975,948 1,963,000
Treasury stock, at cost; 22,110,132 shares held (1,156,162) (1,155,846)
Deferred compensation 10,072 9,756
Total shareholders’ equity 829,858 816,910
Total liabilities and shareholders’ equity 1,490,036 1,548,955
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178