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STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 312,045 $ 266,417
Available-for-sale securities 139,994 402,339
Receivables from Erie Insurance Exchange and affiliates 456,135 449,873
Prepaid expenses and other current assets 49,997 36,892
Federal income taxes recoverable 0 8,162
Accrued investment income 4,220 5,263
Total current assets 962,391 1,168,946
Available-for-sale securities 534,925 346,184
Equity securities 12,410 11,853
Limited partnership investments 30,038 34,821
Fixed assets, net 144,652 130,832
Deferred income taxes, net 22,180 24,101
Other assets 92,860 61,590
Total assets 1,799,456 1,778,327
Current liabilities:    
Commissions payable 253,002 241,573
Agent bonuses 26,129 103,462
Accounts payable and accrued liabilities 123,179 111,291
Dividends payable 41,913 41,910
Contract liability 34,116 33,854
Deferred executive compensation 10,346 13,107
Federal income taxes payable 11,946 0
Current portion of long-term borrowings 1,891 1,870
Total current liabilities 502,522 547,067
Defined benefit pension plans 123,270 116,866
Long-term borrowings 97,382 97,860
Contract liability 17,907 17,873
Deferred executive compensation 16,817 13,075
Other long-term liabilities 27,754 11,914
Total liabilities 785,652 804,655
Shareholders’ equity    
Additional paid-in-capital 16,483 16,459
Accumulated other comprehensive loss (123,574) (130,284)
Retained earnings 2,264,815 2,231,417
Total contributed capital and retained earnings 2,159,894 2,119,762
Treasury stock, at cost; 22,110,132 shares held (1,158,779) (1,157,625)
Deferred compensation 12,689 11,535
Total shareholders’ equity 1,013,804 973,672
Total liabilities and shareholders’ equity 1,799,456 1,778,327
Class A Common Stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B Common Stock    
Shareholders’ equity    
Common stock $ 178 $ 178