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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (includes restricted cash of $23,547 and $12,542, respectively) $ 221,213 $ 144,055
Available-for-sale securities 48,575 82,017
Receivables from Erie Insurance Exchange and affiliates, net 736,973 625,338
Prepaid expenses and other current assets, net 80,141 69,321
Accrued investment income 10,456 9,458
Total current assets 1,097,358 930,189
Available-for-sale securities, net 1,000,282 879,224
Available-for-sale securities lent 8,135 0
Equity securities 85,346 84,253
Fixed assets, net 480,707 442,610
Agent loans, net 79,829 58,434
Defined benefit pension plan 64,172 34,320
Other assets, net 48,318 42,934
Total assets 2,864,147 2,471,964
Current liabilities:    
Commissions payable 426,341 353,709
Agent incentive compensation 60,073 68,077
Accounts payable and accrued liabilities 194,649 175,622
Dividends payable 59,377 59,377
Contract liability 42,754 41,210
Deferred executive compensation 15,836 10,982
Securities lending payable 7,905 0
Total current liabilities 806,935 708,977
Defined benefit pension plan 27,757 26,260
Contract liability 21,220 19,910
Deferred executive compensation 24,010 20,936
Deferred income taxes, net 12,777 11,481
Other long-term liabilities 23,493 21,565
Total liabilities 916,192 809,129
Shareholders’ equity    
Additional paid-in-capital 16,466 16,466
Accumulated other comprehensive income (loss) 1,566 (13,400)
Retained earnings 3,073,843 2,803,689
Total contributed capital and retained earnings 3,094,045 2,808,925
Treasury stock, at cost; 22,110,132 shares held (1,168,719) (1,169,165)
Deferred compensation 22,629 23,075
Total shareholders’ equity 1,947,955 1,662,835
Total liabilities and shareholders’ equity 2,864,147 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