XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 216,355 $ 336,739
Available-for-sale securities 13,429 32,810
Equity securities 0 2,381
Receivables from Erie Insurance Exchange and affiliates, net 501,192 468,636
Prepaid expenses and other current assets 52,008 44,943
Federal income taxes recoverable 3,965 462
Accrued investment income 5,973 5,433
Total current assets 792,922 891,404
Available-for-sale securities, net 894,625 697,891
Equity securities 94,435 64,752
Limited partnership investments 10,006 26,775
Fixed assets, net 254,908 221,379
Agent loans, net 58,339 60,978
Deferred income taxes, net 21,618 17,186
Other assets 32,489 35,875
Total assets 2,159,342 2,016,240
Current liabilities:    
Commissions payable 275,594 262,963
Agent bonuses 85,709 96,053
Accounts payable and accrued liabilities 148,075 134,957
Dividends payable 44,940 44,940
Contract liability 37,420 35,938
Deferred executive compensation 12,701 10,882
Current portion of long-term borrowings 2,021 1,979
Total current liabilities 606,460 587,712
Defined benefit pension plans 169,358 145,659
Long-term borrowings 94,337 95,842
Contract liability 19,140 18,435
Deferred executive compensation 11,335 13,734
Other long-term liabilities 11,495 21,605
Total liabilities 912,125 882,987
Shareholders’ equity    
Additional paid-in-capital 16,487 16,483
Accumulated other comprehensive loss (97,531) (116,868)
Retained earnings 2,472,181 2,377,558
Total contributed capital and retained earnings 2,393,307 2,279,343
Treasury stock, at cost; 22,110,132 shares held (1,162,917) (1,158,910)
Deferred compensation 16,827 12,820
Total shareholders’ equity 1,247,217 1,133,253
Total liabilities and shareholders’ equity 2,159,342 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