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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 105,282 $ 182,889
Available-for-sale securities 54,285 62,067
Trading securities 2,955  
Receivables from Erie Insurance Exchange and affiliates 352,451 348,055
Prepaid expenses and other current assets 37,164 24,697
Federal income taxes recoverable 0 11,947
Accrued investment income 5,832 5,491
Total current assets 557,969 635,146
Available-for-sale securities 560,928 537,874
Limited partnership investments 82,912 88,535
Fixed assets, net 58,918 59,087
Deferred income taxes, net 35,250 40,686
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 19,647 20,968
Total assets 1,340,624 1,407,296
Current liabilities:    
Commissions payable 202,816 195,542
Agent bonuses 31,940 106,752
Accounts payable and accrued liabilities 79,333 88,532
Dividends payable 33,996 33,996
Deferred executive compensation 15,132 20,877
Federal income taxes payable 8,541 0
Total current liabilities 371,758 445,699
Defined benefit pension plans 162,981 172,700
Employee benefit obligations 1,072 1,234
Deferred executive compensation 18,446 16,580
Other long-term liabilities 1,500 1,580
Total liabilities 555,757 637,793
Shareholders’ equity    
Additional paid-in-capital 16,311 16,311
Accumulated other comprehensive loss (93,399) (96,864)
Retained earnings 2,005,875 1,993,976
Total contributed capital and retained earnings 1,930,957 1,915,593
Treasury stock, at cost; 22,110,132 shares held (1,155,108) (1,155,108)
Deferred compensation 9,018 9,018
Total shareholders’ equity 784,867 769,503
Total liabilities and shareholders’ equity 1,340,624 1,407,296
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178