XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 141,305 $ 183,702
Available-for-sale securities 46,155 38,396
Receivables from Erie Insurance Exchange and affiliates, net 478,754 479,123
Prepaid expenses and other current assets 78,877 56,206
Accrued investment income 6,255 6,303
Total current assets 751,346 763,730
Available-for-sale securities, net 877,165 907,689
Equity securities 78,069 87,743
Fixed assets, net 396,072 374,802
Agent loans, net 61,579 58,683
Deferred income taxes, net 9,818 145
Other assets 49,804 49,265
Total assets 2,223,853 2,242,057
Current liabilities:    
Commissions payable 287,989 270,746
Agent bonuses 31,507 120,437
Accounts payable and accrued liabilities 186,386 138,317
Dividends payable 51,693 51,693
Contract liability 34,872 34,935
Deferred executive compensation 6,752 12,637
Current portion of long-term borrowings 2,132 2,098
Total current liabilities 601,331 630,863
Defined benefit pension plans 139,231 130,383
Long-term borrowings 91,177 91,734
Contract liability 17,493 17,686
Deferred executive compensation 13,821 14,571
Other long-term liabilities 26,600 14,342
Total liabilities 889,653 899,579
Shareholders’ equity    
Additional paid-in-capital 16,481 16,496
Accumulated other comprehensive loss (50,477) (25,288)
Retained earnings 2,512,116 2,495,190
Total contributed capital and retained earnings 2,480,290 2,488,568
Treasury stock, at cost; 22,110,132 shares held (1,168,332) (1,167,828)
Deferred compensation 22,242 21,738
Total shareholders’ equity 1,334,200 1,342,478
Total liabilities and shareholders’ equity 2,223,853 2,242,057
Class A common stock    
Shareholders’ equity    
Common stock 1,992 1,992
Class B common stock    
Shareholders’ equity    
Common stock $ 178 $ 178