Quarterly Results of Operations (unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited)

Note 23.   Quarterly Results of Operations (unaudited)

	Erie Insurance Group
	Year ended December 31, 2013
(in millions, except per share data)	First quarter		Second quarter		Third quarter		Fourth quarter		Year
Revenues	$	1,571	$	1,426	$	1,577	$	1,697	$	6,271
Benefits and expenses	1,135		1,163		1,179		1,227		4,704
Income from operations before income taxes and noncontrolling interest	436		263		398		470		1,567
Net income	290		177		267		314		1,048
Less: Net income attributable to noncontrolling interest in consolidated entity – Exchange	253		133		221		278		885
Net income attributable to Indemnity	$	37	$	44	$	46	$	36	$	163
Earnings per share (1)
Net income attributable to Indemnity per share
Class A common stock – basic	$	0.78	$	0.95	$	0.98	$	0.75	$	3.46
Class A common stock – diluted	$	0.69	$	0.84	$	0.87	$	0.67	$	3.08
Class B common stock – basic	$	117	$	142	$	147	$	113	$	520
Class B common stock – diluted	$	117	$	142	$	147	$	113	$	519

(1) The cumulative sum of quarterly basic and diluted net income per share amounts may not equal total basic and diluted net income per share for the year due to differences in weighted average shares and equivalent shares outstanding for each of the periods presented.

	Erie Insurance Group
	Year ended December 31, 2012
(in millions, except per share data)	First quarter		Second   quarter			Third  quarter		Fourth  quarter		Year
Revenues	$	1,520	$	1,160		$	1,460	$	1,372	$	5,512
Benefits and expenses	986		1,230			1,190		1,207		4,613
Income (loss) from operations before income taxes and noncontrolling interest	534		(70		)	270		165		899
Net income (loss)	354		(38		)	184		119		619
Less: Net income (loss) attributable to noncontrolling interest in consolidated entity – Exchange	318		(81		)	133		89		459
Net income attributable to Indemnity	$	36	$	43		$	51	$	30	$	160
Earnings per share (1)
Net income attributable to Indemnity per share
Class A common stock – basic	$	0.76	$	0.90		$	1.08	$	0.63	$	3.38
Class A common stock – diluted	$	0.67	$	0.80		$	0.96	$	0.56	$	2.99
Class B common stock – basic and diluted	$	114	$	135		$	162	$	94	$	505

(1) The cumulative sum of quarterly basic and diluted net income per share amounts may not equal total basic and diluted net income per share for the year due to differences in weighted average shares and equivalent shares outstanding for each of the periods presented.