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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 336,739 $ 266,417
Available-for-sale securities 32,810 402,339
Equity securities 2,381 0
Receivables from Erie Insurance Exchange and affiliates 468,636 449,873
Prepaid expenses and other current assets 44,943 36,892
Federal income taxes recoverable 462 8,162
Accrued investment income 5,433 5,263
Total current assets 891,404 1,168,946
Available-for-sale securities 697,891 346,184
Equity securities 64,752 11,853
Limited partnership investments 26,775 34,821
Fixed assets, net 221,379 130,832
Deferred income taxes, net 17,186 24,101
Other assets 96,853 61,590
Total assets 2,016,240 1,778,327
Current liabilities:    
Commissions payable 262,963 241,573
Agent bonuses 96,053 103,462
Accounts payable and accrued liabilities 134,957 111,291
Dividends payable 44,940 41,910
Contract liability 35,938 33,854
Deferred executive compensation 10,882 13,107
Current portion of long-term borrowings 1,979 1,870
Total current liabilities 587,712 547,067
Defined benefit pension plans 145,659 116,866
Contract liability 18,435 17,873
Deferred executive compensation 13,734 13,075
Long-term borrowings 95,842 97,860
Other long-term liabilities 21,605 11,914
Total liabilities 882,987 804,655
Shareholders' equity    
Additional paid-in-capital 16,483 16,459
Accumulated other comprehensive loss (116,868) (130,284)
Retained earnings 2,377,558 2,231,417
Total contributed capital and retained earnings 2,279,343 2,119,762
Treasury stock, at cost; 22,110,132 shares held (1,158,910) (1,157,625)
Deferred compensation 12,820 11,535
Total shareholders' equity 1,133,253 973,672
Total liabilities and shareholders' equity 2,016,240 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