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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 156,038 $ 161,240
Available-for-sale securities 20,856 17,697
Equity securities 207 19
Receivables from Erie Insurance Exchange and affiliates, net 504,013 494,637
Prepaid expenses and other current assets 59,574 52,561
Accrued investment income 6,121 6,146
Total current assets 746,809 732,300
Available-for-sale securities, net 915,942 910,539
Equity securities 93,798 94,071
Fixed assets, net 280,402 265,341
Agent loans, net 60,070 62,449
Deferred income taxes, net 17,971 12,341
Other assets 48,652 40,081
Total assets 2,163,644 2,117,122
Current liabilities:    
Commissions payable 284,234 262,338
Agent bonuses 62,694 110,158
Accounts payable and accrued liabilities 150,346 150,706
Dividends payable 48,200 48,200
Contract liability 35,742 36,917
Deferred executive compensation 8,581 17,319
Current portion of long-term borrowings 2,064 2,031
Total current liabilities 591,861 627,669
Defined benefit pension plans 184,111 164,346
Long-term borrowings 92,795 93,833
Contract liability 18,135 18,878
Deferred executive compensation 13,773 14,904
Other long-term liabilities 17,867 9,444
Total liabilities 918,542 929,074
Shareholders’ equity    
Additional paid-in-capital 16,496 16,487
Accumulated other comprehensive loss (77,293) (78,143)
Retained earnings 2,449,819 2,393,624
Total contributed capital and retained earnings 2,391,192 2,334,138
Treasury stock, at cost; 22,110,132 shares held (1,167,211) (1,163,670)
Deferred compensation 21,121 17,580
Total shareholders’ equity 1,245,102 1,188,048
Total liabilities and shareholders’ equity 2,163,644 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