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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 144,709 $ 189,072
Available-for-sale securities 72,057 56,138
Receivables from Erie Insurance Exchange and affiliates 411,422 378,540
Prepaid expenses and other current assets 36,023 30,169
Federal income taxes recoverable 0 5,260
Accrued investment income 6,874 6,337
Total current assets 671,085 665,516
Available-for-sale securities 672,625 657,153
Limited partnership investments 53,230 58,159
Fixed assets, net 71,119 69,142
Deferred income taxes, net 51,811 53,889
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 22,355 20,096
Total assets 1,567,225 1,548,955
Current liabilities:    
Commissions payable 232,905 210,559
Agent bonuses 62,845 114,772
Accounts payable and accrued liabilities 86,844 88,153
Dividends payable 36,441 36,441
Deferred executive compensation 9,898 19,675
Federal income taxes payable 2,088 0
Total current liabilities 431,021 469,600
Defined benefit pension plans 219,972 221,827
Employee benefit obligations 462 756
Deferred executive compensation 11,810 13,233
Long-term borrowings 49,742 24,766
Other long-term liabilities 1,004 1,863
Total liabilities 714,011 732,045
Shareholders’ equity    
Additional paid-in-capital 16,470 16,300
Accumulated other comprehensive loss (118,768) (121,381)
Retained earnings 2,099,432 2,065,911
Total contributed capital and retained earnings 1,999,304 1,963,000
Treasury stock, at cost; 22,110,132 shares held (1,155,114) (1,155,846)
Deferred compensation 9,024 9,756
Total shareholders’ equity 853,214 816,910
Total liabilities and shareholders’ equity 1,567,225 1,548,955
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178