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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 119,627 $ 215,721
Available-for-sale securities 96,574  
Available-for-sale securities   71,190
Receivables from Erie Insurance Exchange and affiliates 415,343 418,328
Prepaid expenses and other current assets 43,061 34,890
Federal income taxes recoverable 14,716 29,900
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Accrued investment income 6,425 6,853
Total current assets 720,746 801,882
Available-for-sale securities 633,230  
Available-for-sale securities   687,523
Equity securities 12,583  
Limited partnership investments 44,114 45,122
Fixed assets, net 88,448 83,149
Deferred income taxes, net 29,055 19,390
Other assets 45,300 28,793
Total assets 1,573,476 1,665,859
Current liabilities:    
Commissions payable 240,848 228,124
Agent bonuses 30,232 122,528
Accounts payable and accrued liabilities 95,789 104,533
Dividends payable 39,119 39,116
Contract liability 31,951  
Deferred executive compensation 9,710 15,605
Total current liabilities 447,649 509,906
Defined benefit pension plans 176,598 207,530
Employee benefit obligations 313 423
Contract liability 16,910  
Deferred executive compensation 16,096 14,452
Long-term borrowings 74,726 74,728
Other long-term liabilities 1,029 1,476
Total liabilities 733,321 808,515
Shareholders’ equity    
Additional paid-in-capital 16,461 16,470
Accumulated other comprehensive loss (161,486) (156,059)
Retained earnings 2,129,100 2,140,853
Total contributed capital and retained earnings 1,986,245 2,003,434
Treasury stock, at cost; 22,110,132 shares held (1,157,331) (1,155,668)
Deferred compensation 11,241 9,578
Total shareholders’ equity 840,155 857,344
Total liabilities and shareholders’ equity 1,573,476 1,665,859
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178