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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Schedule of components of the Consolidated Statements of Operations by reportable business segment
The following tables summarize the components of the Consolidated Statements of Operations by reportable business segment:
 
 
 
Erie Insurance Group
(in millions)
 
Three months ended June 30, 2013
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
1,196

 
$
20

 
 
 
$
(1
)
 
$
1,215

Net investment income
 
 
 
 
 
 
 
$
107

 
(3
)
 
104

Net realized investment gains
 
 
 
 
 
 
 
61

 
 
 
61

Net impairment losses recognized in earnings
 
 
 
 
 
 
 
(1
)
 
 
 
(1
)
Equity in earnings of limited partnerships
 
 
 
 
 
 
 
39

 
 
 
39

Management fee revenue
 
$
336

 
 
 
 
 
 
 
(336
)
 
—

Service agreement and other revenue
 
8

 
 
 
0

 
 
 
 
 
8

Total revenues
 
344

 
1,196

 
20

 
206

 
(340
)
 
1,426

Cost of management operations
 
285

 
 
 
 
 
 
 
(285
)
 
—

Insurance losses and loss expenses
 
 
 
837

 
26

 
 
 
(2
)
 
861

Policy acquisition and underwriting expenses
 
 
 
348

 
7

 
 
 
(53
)
 
302

Total benefits and expenses
 
285

 
1,185

 
33

 
—

 
(340
)
 
1,163

Income (loss) before income taxes
 
59

 
11

 
(13
)
 
206

 
—

 
263

Provision for income taxes
 
21

 
4

 
(5
)
 
66

 
—

 
86

Net income (loss)
 
$
38

 
$
7

 
$
(8
)
 
$
140

 
—

 
$
177

 
 
 
 
Erie Insurance Group
(in millions)
 
Three months ended June 30, 2012
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
1,092

 
$
18

 
 
 
$
(1
)
 
$
1,109

Net investment income
 
 
 
 
 
 
 
$
115

 
(2
)
 
113

Net realized investment losses
 
 
 
 
 
 
 
(107
)
 
 
 
(107
)
Net impairment losses recognized in earnings
 
 
 
 
 
 
 
0

 
 
 
0

Equity in earnings of limited partnerships
 
 
 
 
 
 
 
37

 
 
 
37

Management fee revenue
 
$
308

 
 
 
 
 
 
 
(308
)
 
—

Service agreement and other revenue
 
8

 
 
 
0

 
 
 
 
 
8

Total revenues
 
316

 
1,092

 
18

 
45

 
(311
)
 
1,160

Cost of management operations
 
257

 
 
 
 
 
 
 
(257
)
 
—

Insurance losses and loss expenses
 
 
 
919

 
25

 
 
 
(1
)
 
943

Policy acquisition and underwriting expense
 
 
 
332

 
8

 
 
 
(53
)
 
287

Total benefits and expenses
 
257

 
1,251

 
33

 
—

 
(311
)
 
1,230

Income (loss) before income taxes
 
59

 
(159
)
 
(15
)
 
45

 
—

 
(70
)
Provision for income taxes
 
21

 
(55
)
 
(6
)
 
8

 
—

 
(32
)
Net income (loss)
 
$
38

 
$
(104
)
 
$
(9
)
 
$
37

 
$
—

 
$
(38
)

 
 
 
Erie Insurance Group
(in millions)
 
Six months ended June 30, 2013
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
2,352

 
$
39

 
 
 
$
(1
)
 
$
2,390

Net investment income
 
 
 
 
 
 
 
$
213

 
(6
)
 
207

Net realized investment gains
 
 
 
 
 
 
 
310

 
 
 
310

Net impairment losses recognized in earnings
 
 
 
 
 
 
 
(1
)
 
 
 
(1
)
Equity in earnings of limited partnerships
 
 
 
 
 
 
 
75

 
 
 
75

Management fee revenue
 
$
632

 
 
 
 
 
 
 
(632
)
 
—

Service agreement and other revenue
 
15

 
 
 
1

 
 
 
 
 
16

Total revenues
 
647

 
2,352

 
40

 
597

 
(639
)
 
2,997

Cost of management operations
 
539

 
 
 
 
 
 
 
(539
)
 
—

Insurance losses and loss expenses
 
 
 
1,654

 
52

 
 
 
(3
)
 
1,703

Policy acquisition and underwriting expenses
 
 
 
676

 
16

 
 
 
(97
)
 
595

Total benefits and expenses
 
539

 
2,330

 
68

 
—

 
(639
)
 
2,298

Income (loss) before income taxes
 
108

 
22

 
(28
)
 
597

 
—

 
699

Provision for income taxes
 
38

 
8

 
(10
)
 
196

 
—

 
232

Net income (loss)
 
$
70

 
$
14

 
$
(18
)
 
$
401

 
$
—

 
$
467

 
 
 
 
Erie Insurance Group
(in millions)
 
Six months ended June 30, 2012
 
 
Management operations
 
Property
and casualty
insurance
operations
 
Life insurance operations
 
Investment operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 

 
$
2,161

 
$
36

 
 

 
$
(1
)
 
$
2,196

Net investment income
 
 

 
 

 
 

 
$
226

 
(5
)
 
221

Net realized investment gains
 
 

 
 

 
 

 
189

 
 

 
189

Net impairment losses recognized in earnings
 
 

 
 

 
 

 
0

 
 

 
0

Equity in earnings of limited partnerships
 
 

 
 

 
 

 
58

 
 

 
58

Management fee revenue
 
$
577

 
 

 
 

 
 

 
(577
)
 
—

Service agreement and other revenue
 
15

 
 

 
1

 
 

 
 

 
16

Total revenues
 
592

 
2,161

 
37

 
473

 
(583
)
 
2,680

Cost of management operations
 
487

 
 

 
 

 
 

 
(487
)
 
—

Insurance losses and loss expenses
 
 

 
1,611

 
50

 
 

 
(2
)
 
1,659

Policy acquisition and underwriting expenses
 
 

 
634

 
17

 
 

 
(94
)
 
557

Total benefits and expenses
 
487

 
2,245

 
67

 
—

 
(583
)
 
2,216

Income (loss) before income taxes
 
105

 
(84
)
 
(30
)
 
473

 
—

 
464

Provision for income taxes
 
37

 
(29
)
 
(11
)
 
151

 
—

 
148

Net income (loss)
 
$
68

 
$
(55
)
 
$
(19
)
 
$
322

 
$
—

 
$
316