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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 344,872 $ 266,417
Available-for-sale securities 32,984 402,339
Receivables from Erie Insurance Exchange and affiliates 497,985 449,873
Prepaid expenses and other current assets 47,712 36,892
Federal income taxes recoverable 6,075 8,162
Accrued investment income 5,267 5,263
Total current assets 934,895 1,168,946
Available-for-sale securities 647,649 346,184
Equity securities 55,052 11,853
Limited partnership investments 32,171 34,821
Fixed assets, net 194,170 130,832
Deferred income taxes, net 15,505 24,101
Other assets 95,138 61,590
Total assets 1,974,580 1,778,327
Current liabilities:    
Commissions payable 272,932 241,573
Agent bonuses 73,921 103,462
Accounts payable and accrued liabilities 131,453 111,291
Dividends payable 41,913 41,910
Contract liability 36,318 33,854
Deferred executive compensation 10,328 13,107
Current portion of long-term borrowings 1,959 1,870
Total current liabilities 568,824 547,067
Defined benefit pension plans 136,078 116,866
Long-term borrowings 96,346 97,860
Contract liability 18,648 17,873
Deferred executive compensation 13,017 13,075
Other long-term liabilities 22,396 11,914
Total liabilities 855,309 804,655
Shareholders’ equity    
Additional paid-in-capital 16,483 16,459
Accumulated other comprehensive loss (116,203) (130,284)
Retained earnings 2,362,911 2,231,417
Total contributed capital and retained earnings 2,265,361 2,119,762
Treasury stock, at cost; 22,110,132 shares held (1,158,620) (1,157,625)
Deferred compensation 12,530 11,535
Total shareholders’ equity 1,119,271 973,672
Total liabilities and shareholders’ equity 1,974,580 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