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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 135,192 $ 161,240
Available-for-sale securities 16,847 17,697
Equity securities 146 19
Receivables from Erie Insurance Exchange and affiliates, net 481,481 494,637
Prepaid expenses and other current assets 62,401 52,561
Accrued investment income 5,860 6,146
Total current assets 701,927 732,300
Available-for-sale securities, net 901,475 910,539
Equity securities 92,785 94,071
Fixed assets, net 282,268 265,341
Agent loans, net 59,916 62,449
Deferred income taxes, net 16,454 12,341
Other assets 44,273 40,081
Total assets 2,099,098 2,117,122
Current liabilities:    
Commissions payable 272,670 262,338
Agent bonuses 30,766 110,158
Accounts payable and accrued liabilities 168,127 150,706
Dividends payable 48,200 48,200
Contract liability 35,799 36,917
Deferred executive compensation 13,825 17,319
Current portion of long-term borrowings 2,053 2,031
Total current liabilities 571,440 627,669
Defined benefit pension plans 174,228 164,346
Long-term borrowings 93,311 93,833
Contract liability 18,276 18,878
Deferred executive compensation 16,648 14,904
Other long-term liabilities 17,062 9,444
Total liabilities 890,965 929,074
Shareholders’ equity    
Additional paid-in-capital 16,496 16,487
Accumulated other comprehensive loss (83,432) (78,143)
Retained earnings 2,418,989 2,393,624
Total contributed capital and retained earnings 2,354,223 2,334,138
Treasury stock, at cost; 22,110,132 shares held (1,163,640) (1,163,670)
Deferred compensation 17,550 17,580
Total shareholders’ equity 1,208,133 1,188,048
Total liabilities and shareholders’ equity 2,099,098 2,117,122
Class A common stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B common stock    
Shareholders’ equity    
Common stock $ 178 $ 178