XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.1
STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 228,646 $ 336,739
Available-for-sale securities 34,818 32,810
Equity securities 0 2,381
Receivables from Erie Insurance Exchange and affiliates, net 482,238 468,636
Prepaid expenses and other current assets 58,715 44,943
Federal income taxes recoverable 0 462
Accrued investment income 5,657 5,433
Total current assets 810,074 891,404
Available-for-sale securities, net 716,835 697,891
Equity securities 58,014 64,752
Limited partnership investments 22,492 26,775
Fixed assets, net 238,296 221,379
Agent loans, net 59,877 60,978
Deferred income taxes, net 19,281 17,186
Other assets 32,624 35,875
Total assets 1,957,493 2,016,240
Current liabilities:    
Commissions payable 270,328 262,963
Agent bonuses 29,661 96,053
Accounts payable and accrued liabilities 130,035 134,957
Dividends payable 44,940 44,940
Contract liability 35,810 35,938
Deferred executive compensation 10,910 10,882
Federal income taxes payable 18,040 0
Current portion of long-term borrowings 2,000 1,979
Total current liabilities 541,724 587,712
Defined benefit pension plans 153,558 145,659
Long-term borrowings 95,342 95,842
Contract liability 18,461 18,435
Deferred executive compensation 11,983 13,734
Other long-term liabilities 19,433 21,605
Total liabilities 840,501 882,987
Shareholders’ equity    
Additional paid-in-capital 16,487 16,483
Accumulated other comprehensive loss (146,444) (116,868)
Retained earnings 2,390,869 2,377,558
Total contributed capital and retained earnings 2,263,082 2,279,343
Treasury stock, at cost; 22,110,132 shares held (1,159,682) (1,158,910)
Deferred compensation 13,592 12,820
Total shareholders’ equity 1,116,992 1,133,253
Total liabilities and shareholders’ equity 1,957,493 2,016,240
Class A common stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B common stock    
Shareholders’ equity    
Common stock $ 178 $ 178