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STATEMENTS OF FINANCIAL POSITION
$ in Thousands
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Current assets:    
Cash and cash equivalents $ 161,240 $ 336,739
Available-for-sale securities 17,697 32,810
Equity securities 19 2,381
Receivables from Erie Insurance Exchange and affiliates, net 494,637 468,636
Prepaid expenses and other current assets 49,897 44,943
Federal income taxes recoverable 2,664 462
Accrued investment income 6,146 5,433
Total current assets 732,300 891,404
Available-for-sale securities, net 910,539 697,891
Equity securities 94,071 64,752
Fixed assets, net 265,341 221,379
Agent loans, net 62,449 60,978
Deferred income taxes, net 12,341 17,186
Other assets 40,081 62,650
Total assets 2,117,122 2,016,240
Current liabilities:    
Commissions payable 262,338 262,963
Agent bonuses 110,158 96,053
Accounts payable and accrued liabilities 150,706 134,957
Dividends payable 48,200 44,940
Contract liability 36,917 35,938
Deferred executive compensation 17,319 10,882
Current portion of long-term borrowings 2,031 1,979
Total current liabilities 627,669 587,712
Defined benefit pension plans 164,346 145,659
Long-term borrowings 93,833 95,842
Contract liability 18,878 18,435
Deferred executive compensation 14,904 13,734
Other long-term liabilities 9,444 21,605
Total liabilities 929,074 882,987
Shareholders' equity    
Additional paid-in-capital 16,487 16,483
Accumulated other comprehensive loss (78,143) (116,868)
Retained earnings 2,393,624 2,377,558
Total contributed capital and retained earnings 2,334,138 2,279,343
Treasury stock, at cost; 22,110,132 shares held (1,163,670) (1,158,910)
Deferred compensation 17,580 12,820
Total shareholders' equity 1,188,048 1,133,253
Total liabilities and shareholders' equity 2,117,122 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
Ratio for converting shares of Class B common stock into shares of Class A common stock 2,400 2,400