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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 338,262 $ 266,417
Available-for-sale securities 61,210 402,339
Receivables from Erie Insurance Exchange and affiliates 483,319 449,873
Prepaid expenses and other current assets 42,300 36,892
Federal income taxes recoverable 7,791 8,162
Accrued investment income 4,365 5,263
Total current assets 937,247 1,168,946
Available-for-sale securities 627,898 346,184
Equity securities 12,445 11,853
Limited partnership investments 30,344 34,821
Fixed assets, net 173,055 130,832
Deferred income taxes, net 19,090 24,101
Other assets 89,568 61,590
Total assets 1,889,647 1,778,327
Current liabilities:    
Commissions payable 267,403 241,573
Agent bonuses 51,357 103,462
Accounts payable and accrued liabilities 124,794 111,291
Dividends payable 41,913 41,910
Contract liability 35,374 33,854
Deferred executive compensation 12,605 13,107
Current portion of long-term borrowings 1,914 1,870
Total current liabilities 535,360 547,067
Defined benefit pension plans 129,674 116,866
Long-term borrowings 96,860 97,860
Contract liability 18,339 17,873
Deferred executive compensation 13,199 13,075
Other long-term liabilities 32,761 11,914
Total liabilities 826,193 804,655
Shareholders’ equity    
Additional paid-in-capital 16,483 16,459
Accumulated other comprehensive loss (119,764) (130,284)
Retained earnings 2,310,655 2,231,417
Total contributed capital and retained earnings 2,209,544 2,119,762
Treasury stock, at cost; 22,110,132 shares held (1,158,300) (1,157,625)
Deferred compensation 12,210 11,535
Total shareholders’ equity 1,063,454 973,672
Total liabilities and shareholders’ equity 1,889,647 1,778,327
Class A common stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B common stock    
Shareholders’ equity    
Common stock $ 178 $ 178