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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 102,873 $ 142,090
Available-for-sale securities 69,822 24,267
Receivables from Erie Insurance Exchange and affiliates, net 620,683 524,937
Prepaid expenses and other current assets 71,480 79,201
Accrued investment income 8,968 8,301
Total current assets 873,826 778,796
Available-for-sale securities, net 845,415 870,394
Equity securities 79,516 72,560
Fixed assets, net 434,975 413,874
Agent loans, net 59,544 60,537
Defined benefit pension plan 65,163 0
Other assets 36,110 43,295
Total assets 2,394,549 2,239,456
Current liabilities:    
Commissions payable 357,614 300,028
Agent bonuses 50,252 95,166
Accounts payable and accrued liabilities 165,797 165,915
Dividends payable 55,419 55,419
Contract liability 40,831 36,547
Deferred executive compensation 11,000 12,036
Total current liabilities 680,913 665,111
Defined benefit pension plans 27,744 51,224
Contract liability 19,653 17,895
Deferred executive compensation 18,547 13,724
Deferred income taxes, net 11,045 14,075
Other long-term liabilities 24,758 29,019
Total liabilities 782,660 791,048
Shareholders’ equity    
Additional paid-in-capital 16,466 16,481
Accumulated other comprehensive loss (12,794) (7,414)
Retained earnings 2,752,137 2,583,261
Total contributed capital and retained earnings 2,757,979 2,594,498
Treasury stock, at cost; 22,110,132 shares held (1,168,761) (1,168,949)
Deferred compensation 22,671 22,859
Total shareholders’ equity 1,611,889 1,448,408
Total liabilities and shareholders’ equity 2,394,549 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