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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (includes restricted cash of $13,331 and $12,542, respectively) $ 144,872 $ 144,055
Available-for-sale securities 76,693 82,017
Receivables from Erie Insurance Exchange and affiliates, net 641,691 625,338
Prepaid expenses and other current assets 69,050 69,321
Accrued investment income 9,465 9,458
Total current assets 941,771 930,189
Available-for-sale securities, net 892,952 879,224
Equity securities 86,578 84,253
Fixed assets, net 461,914 442,610
Agent loans, net 57,470 58,434
Defined benefit pension plan 66,270 34,320
Other assets, net 48,839 42,934
Total assets 2,555,794 2,471,964
Current liabilities:    
Commissions payable 384,613 353,709
Agent incentive compensation 26,968 68,077
Accounts payable and accrued liabilities 213,062 175,622
Dividends payable 59,377 59,377
Contract liability 40,555 41,210
Deferred executive compensation 2,941 10,982
Total current liabilities 727,516 708,977
Defined benefit pension plan 23,792 26,260
Contract liability 20,000 19,910
Deferred executive compensation 23,216 20,936
Deferred income taxes, net 6,593 11,481
Other long-term liabilities 28,497 21,565
Total liabilities 829,614 809,129
Shareholders’ equity    
Additional paid-in-capital 16,466 16,466
Accumulated other comprehensive loss (15,230) (13,400)
Retained earnings 2,868,864 2,803,689
Total contributed capital and retained earnings 2,872,270 2,808,925
Treasury stock, at cost; 22,110,132 shares held (1,169,317) (1,169,165)
Deferred compensation 23,227 23,075
Total shareholders’ equity 1,726,180 1,662,835
Total liabilities and shareholders’ equity 2,555,794 2,471,964
Class A common stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B common stock    
Shareholders’ equity    
Common stock $ 178 $ 178