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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 244,688 $ 215,721
Available-for-sale securities 105,031  
Available-for-sale securities   71,190
Receivables from Erie Insurance Exchange and affiliates 463,620 418,328
Prepaid expenses and other current assets 44,014 34,890
Federal income taxes recoverable 0 29,900
Note receivable from Erie Family Life Insurance Company 25,000 25,000
Accrued investment income 6,504 6,853
Total current assets 888,857 801,882
Available-for-sale securities 599,164  
Available-for-sale securities   687,523
Equity securities 12,511  
Limited partnership investments 37,088 45,122
Fixed assets, net 121,684 83,149
Deferred income taxes, net 37,660 19,390
Other assets 62,539 28,793
Total assets 1,759,503 1,665,859
Current liabilities:    
Commissions payable 257,015 228,124
Agent bonuses 79,308 122,528
Accounts payable and accrued liabilities 113,204 104,533
Dividends payable 39,119 39,116
Contract liability 34,086  
Deferred executive compensation 11,071 15,605
Federal income taxes payable 9,310 0
Current portion of long-term borrowings 1,395 0
Total current liabilities 544,508 509,906
Defined benefit pension plans 154,736 207,530
Employee benefit obligations 69 423
Contract liability 17,903  
Deferred executive compensation 13,104 14,452
Long-term borrowings 98,332 74,728
Other long-term liabilities 9,828 1,476
Total liabilities 838,480 808,515
Shareholders’ equity    
Additional paid-in-capital 16,459 16,470
Accumulated other comprehensive loss (162,529) (156,059)
Retained earnings 2,211,013 2,140,853
Total contributed capital and retained earnings 2,067,113 2,003,434
Treasury stock, at cost; 22,110,132 shares held (1,157,310) (1,155,668)
Deferred compensation 11,220 9,578
Total shareholders’ equity 921,023 857,344
Total liabilities and shareholders’ equity 1,759,503 1,665,859
Class A    
Shareholders’ equity    
Common stock 1,992 1,992
Class B    
Shareholders’ equity    
Common stock $ 178 $ 178