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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 142,996 $ 142,090
Available-for-sale securities 63,510 24,267
Receivables from Erie Insurance Exchange and affiliates, net 591,008 524,937
Prepaid expenses and other current assets 66,399 79,201
Accrued investment income 8,890 8,301
Total current assets 872,803 778,796
Available-for-sale securities, net 857,442 870,394
Equity securities 77,220 72,560
Fixed assets, net 422,903 413,874
Agent loans, net 60,367 60,537
Other assets 34,776 43,295
Total assets 2,325,511 2,239,456
Current liabilities:    
Commissions payable 347,795 300,028
Agent bonuses 37,443 95,166
Accounts payable and accrued liabilities 164,718 165,915
Dividends payable 55,419 55,419
Contract liability 39,046 36,547
Deferred executive compensation 7,672 12,036
Total current liabilities 652,093 665,111
Defined benefit pension plans 55,075 51,224
Contract liability 18,892 17,895
Deferred executive compensation 13,539 13,724
Deferred income taxes, net 15,647 14,075
Other long-term liabilities 25,353 29,019
Total liabilities 780,599 791,048
Shareholders’ equity    
Additional paid-in-capital 16,466 16,481
Accumulated other comprehensive loss (4,150) (7,414)
Retained earnings 2,676,516 2,583,261
Total contributed capital and retained earnings 2,691,002 2,594,498
Treasury stock, at cost; 22,110,132 shares held (1,168,380) (1,168,949)
Deferred compensation 22,290 22,859
Total shareholders’ equity 1,544,912 1,448,408
Total liabilities and shareholders’ equity 2,325,511 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