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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 198,412 $ 215,721
Available-for-sale securities 107,369  
Available-for-sale securities   71,190
Receivables from Erie Insurance Exchange and affiliates 445,211 418,328
Prepaid expenses and other current assets 45,426 34,890
Federal income taxes recoverable 0 29,900
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Accrued investment income 6,647 6,853
Total current assets 828,065 801,882
Available-for-sale securities 598,059  
Available-for-sale securities   687,523
Equity securities 12,488  
Limited partnership investments 39,651 45,122
Fixed assets, net 94,651 83,149
Deferred income taxes, net 31,527 19,390
Other assets 47,834 28,793
Total assets 1,652,275 1,665,859
Current liabilities:    
Commissions payable 253,328 228,124
Agent bonuses 56,482 122,528
Accounts payable and accrued liabilities 97,139 104,533
Dividends payable 39,119 39,116
Contract liability 33,137  
Deferred executive compensation 8,801 15,605
Federal income taxes payable 8,933 0
Current portion of long-term borrowings 925 0
Total current liabilities 497,864 509,906
Defined benefit pension plans 145,667 207,530
Employee benefit obligations 194 423
Contract liability 17,452  
Deferred executive compensation 11,688 14,452
Long-term borrowings 98,800 74,728
Other long-term liabilities 422 1,476
Total liabilities 772,087 808,515
Shareholders’ equity    
Additional paid-in-capital 16,459 16,470
Accumulated other comprehensive loss (162,037) (156,059)
Retained earnings 2,169,686 2,140,853
Total contributed capital and retained earnings 2,026,278 2,003,434
Treasury stock, at cost; 22,110,132 shares held (1,156,999) (1,155,668)
Deferred compensation 10,909 9,578
Total shareholders’ equity 880,188 857,344
Total liabilities and shareholders’ equity 1,652,275 1,665,859
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178