XML 19 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (includes restricted cash of $12,542 and $11,932, respectively) $ 144,055 $ 142,090
Available-for-sale securities 82,017 24,267
Receivables from Erie Insurance Exchange and affiliates, net 625,338 524,937
Prepaid expenses and other current assets 69,321 79,201
Accrued investment income 9,458 8,301
Total current assets 930,189 778,796
Available-for-sale securities, net 879,224 870,394
Equity securities 84,253 72,560
Fixed assets, net 442,610 413,874
Agent loans, net 58,434 60,537
Defined benefit pension plan 34,320 0
Other assets, net 42,934 43,295
Total assets 2,471,964 2,239,456
Current liabilities:    
Commissions payable 353,709 300,028
Agent incentive compensation 68,077 95,166
Accounts payable and accrued liabilities 175,622 165,915
Dividends payable 59,377 55,419
Contract liability 41,210 36,547
Deferred executive compensation 10,982 12,036
Total current liabilities 708,977 665,111
Defined benefit pension plans 26,260 51,224
Contract liability 19,910 17,895
Deferred executive compensation 20,936 13,724
Deferred income taxes, net 11,481 14,075
Other long-term liabilities 21,565 29,019
Total liabilities 809,129 791,048
Shareholders' equity    
Additional paid-in-capital 16,466 16,481
Accumulated other comprehensive loss (13,400) (7,414)
Retained earnings 2,803,689 2,583,261
Total contributed capital and retained earnings 2,808,925 2,594,498
Treasury stock, at cost; 22,110,132 shares held (1,169,165) (1,168,949)
Deferred compensation 23,075 22,859
Total shareholders' equity 1,662,835 1,448,408
Total liabilities and shareholders' equity 2,471,964 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