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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 90,324 $ 183,702
Available-for-sale securities 57,150 38,396
Receivables from Erie Insurance Exchange and affiliates, net 538,283 479,123
Prepaid expenses and other current assets 50,508 56,206
Accrued investment income 6,839 6,303
Total current assets 743,104 763,730
Available-for-sale securities, net 832,577 907,689
Equity securities 71,448 87,743
Fixed assets, net 402,475 374,802
Agent loans, net 61,865 58,683
Deferred income taxes, net 20,491 145
Other assets 48,262 49,265
Total assets 2,180,222 2,242,057
Current liabilities:    
Commissions payable 305,984 270,746
Agent bonuses 55,146 120,437
Accounts payable and accrued liabilities 141,861 138,317
Dividends payable 51,693 51,693
Contract liability 35,836 34,935
Deferred executive compensation 6,045 12,637
Short-term borrowings 40,000 0
Current portion of long-term borrowings 0 2,098
Total current liabilities 636,565 630,863
Defined benefit pension plans 148,078 130,383
Long-term borrowings 0 91,734
Contract liability 17,740 17,686
Deferred executive compensation 11,199 14,571
Other long-term liabilities 27,234 14,342
Total liabilities 840,816 899,579
Shareholders’ equity    
Additional paid-in-capital 16,481 16,496
Accumulated other comprehensive loss (73,725) (25,288)
Retained earnings 2,540,570 2,495,190
Total contributed capital and retained earnings 2,485,496 2,488,568
Treasury stock, at cost; 22,110,132 shares held (1,169,140) (1,167,828)
Deferred compensation 23,050 21,738
Total shareholders’ equity 1,339,406 1,342,478
Total liabilities and shareholders’ equity 2,180,222 2,242,057
Class A common stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B common stock    
Shareholders’ equity    
Common stock $ 178 $ 178