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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 184,628 $ 189,072
Available-for-sale securities 65,318 56,138
Receivables from Erie Insurance Exchange and affiliates 428,500 378,540
Prepaid expenses and other current assets 35,797 30,169
Federal income taxes recoverable 0 5,260
Accrued investment income 6,435 6,337
Total current assets 720,678 665,516
Available-for-sale securities 683,948 657,153
Limited partnership investments 49,451 58,159
Fixed assets, net 75,370 69,142
Deferred income taxes, net 47,558 53,889
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 29,424 20,096
Total assets 1,631,429 1,548,955
Current liabilities:    
Commissions payable 236,056 210,559
Agent bonuses 93,448 114,772
Accounts payable and accrued liabilities 99,331 88,153
Dividends payable 36,441 36,441
Deferred executive compensation 12,794 19,675
Federal income taxes payable 5,331 0
Total current liabilities 483,401 469,600
Defined benefit pension plans 208,528 221,827
Employee benefit obligations 330 756
Deferred executive compensation 12,777 13,233
Long-term borrowings 49,734 24,766
Other long-term liabilities 1,509 1,863
Total liabilities 756,279 732,045
Shareholders’ equity    
Additional paid-in-capital 16,470 16,300
Accumulated other comprehensive loss (118,935) (121,381)
Retained earnings 2,121,535 2,065,911
Total contributed capital and retained earnings 2,021,240 1,963,000
Treasury stock, at cost; 22,110,132 shares held (1,155,396) (1,155,846)
Deferred compensation 9,306 9,756
Total shareholders’ equity 875,150 816,910
Total liabilities and shareholders’ equity 1,631,429 1,548,955
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178