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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 139,813 $ 182,889
Available-for-sale securities 52,108 62,067
Receivables from Erie Insurance Exchange and affiliates 399,975 348,055
Prepaid expenses and other current assets 29,593 24,697
Federal income taxes recoverable 0 11,947
Accrued investment income 6,261 5,491
Total current assets 627,750 635,146
Available-for-sale securities 652,267 537,874
Limited partnership investments 65,949 88,535
Fixed assets, net 58,311 59,087
Deferred income taxes, net 36,161 40,686
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Other assets 19,577 20,968
Total assets 1,485,015 1,407,296
Current liabilities:    
Commissions payable 218,267 195,542
Agent bonuses 84,805 106,752
Accounts payable and accrued liabilities 94,504 88,532
Dividends payable 33,996 33,996
Deferred executive compensation 16,873 20,877
Federal income taxes payable 4,813 0
Total current liabilities 453,258 445,699
Defined benefit pension plans 178,257 172,700
Employee benefit obligations 751 1,234
Deferred executive compensation 12,057 16,580
Other long-term liabilities 1,763 1,580
Total liabilities 646,086 637,793
Shareholders’ equity    
Additional paid-in-capital 16,300 16,311
Accumulated other comprehensive loss (90,018) (96,864)
Retained earnings 2,056,567 1,993,976
Total contributed capital and retained earnings 1,985,019 1,915,593
Treasury stock, at cost; 22,110,132 shares held (1,155,571) (1,155,108)
Deferred compensation 9,481 9,018
Total shareholders’ equity 838,929 769,503
Total liabilities and shareholders’ equity 1,485,015 1,407,296
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178