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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (includes restricted cash of $14,027 and $12,542, respectively) $ 170,634 $ 144,055
Available-for-sale securities 47,734 82,017
Receivables from Erie Insurance Exchange and affiliates, net 708,171 625,338
Prepaid expenses and other current assets 83,529 69,321
Accrued investment income 10,204 9,458
Total current assets 1,020,272 930,189
Available-for-sale securities, net 946,525 879,224
Available-for-sale securities lent 6,125 0
Equity securities 80,128 84,253
Fixed assets, net 469,145 442,610
Agent loans, net 56,813 58,434
Defined benefit pension plan 65,221 34,320
Other assets, net 47,731 42,934
Total assets 2,691,960 2,471,964
Current liabilities:    
Commissions payable 413,205 353,709
Agent incentive compensation 44,870 68,077
Accounts payable and accrued liabilities 198,689 175,622
Dividends payable 59,377 59,377
Contract liability 41,570 41,210
Deferred executive compensation 8,216 10,982
Securities lending payable 6,345 0
Total current liabilities 772,272 708,977
Defined benefit pension plan 26,591 26,260
Contract liability 20,645 19,910
Deferred executive compensation 16,341 20,936
Deferred income taxes, net 5,192 11,481
Other long-term liabilities 22,106 21,565
Total liabilities 863,147 809,129
Shareholders’ equity    
Additional paid-in-capital 16,466 16,466
Accumulated other comprehensive loss (17,123) (13,400)
Retained earnings 2,973,390 2,803,689
Total contributed capital and retained earnings 2,974,903 2,808,925
Treasury stock, at cost; 22,110,132 shares held (1,168,297) (1,169,165)
Deferred compensation 22,207 23,075
Total shareholders’ equity 1,828,813 1,662,835
Total liabilities and shareholders’ equity 2,691,960 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