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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 122,376 $ 142,090
Available-for-sale securities 57,470 24,267
Receivables from Erie Insurance Exchange and affiliates, net 533,306 524,937
Prepaid expenses and other current assets 62,738 79,201
Accrued investment income 8,191 8,301
Total current assets 784,081 778,796
Available-for-sale securities, net 858,196 870,394
Equity securities 72,963 72,560
Fixed assets, net 417,339 413,874
Agent loans, net 59,315 60,537
Other assets 32,075 43,295
Total assets 2,223,969 2,239,456
Current liabilities:    
Commissions payable 322,910 300,028
Agent bonuses 20,565 95,166
Accounts payable and accrued liabilities 168,142 165,915
Dividends payable 55,419 55,419
Contract liability 37,187 36,547
Deferred executive compensation 7,345 12,036
Total current liabilities 611,568 665,111
Defined benefit pension plans 53,522 51,224
Contract liability 18,142 17,895
Deferred executive compensation 12,634 13,724
Deferred income taxes, net 16,081 14,075
Other long-term liabilities 25,055 29,019
Total liabilities 737,002 791,048
Shareholders’ equity    
Additional paid-in-capital 16,466 16,481
Accumulated other comprehensive income (loss) 338 (7,414)
Retained earnings 2,614,083 2,583,261
Total contributed capital and retained earnings 2,633,057 2,594,498
Treasury stock, at cost; 22,110,132 shares held (1,169,355) (1,168,949)
Deferred compensation 23,265 22,859
Total shareholders’ equity 1,486,967 1,448,408
Total liabilities and shareholders’ equity 2,223,969 2,239,456
Class A common stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B common stock    
Shareholders’ equity    
Common stock $ 178 $ 178