SCHEDULE I - SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

12 Months Ended

Dec. 31, 2013

Summary of Investments, Other than Investments in Related Parties [Abstract]

SCHEDULE I - SUMMARY OF INVESTMENTS - OTHER THAN INVESTMENTS IN RELATED PARTIES

SCHEDULE I

SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES



	Erie Insurance Group
	At December 31, 2013
(in millions)	Amortized cost		Estimated fair value		Amount at which shown in the balance sheet
Indemnity
Available-for-sale securities:
States & political subdivisions	$	237	$	243	$	243
Corporate debt securities	280		282		282
Collateralized debt obligations	1		1		1
Nonredeemable preferred stock	24		25		25
Common stock	26		25		25
Total available-for-sale securities	568		576		576
Limited partnerships	123		146		146
Real estate mortgage loans	1		1		1
Total Investments – Indemnity	$	692	$	723	$	723

Exchange
Available-for-sale securities:
U.S. government & agencies	$	171	$	172	$	172
States & political subdivisions	1,430		1,470		1,470
Foreign government securities	15		15		15
Corporate debt securities	5,902		6,211		6,211
Residential mortgage-backed securities	157		156		156
Commercial mortgage-backed securities	45		47		47
Collateralized debt obligations	8		16		16
Other debt securities	73		75		75
Nonredeemable preferred stock	577		621		621
Common stock	201		198		198
Total available-for-sale securities	8,579		8,981		8,981
Trading securities	2,198		3,202		3,202
Limited partnerships	790		940		940
Life policy loans	17		17		17
Real estate mortgage loans	3		3		3
Total Investments – Exchange	$	11,587	$	13,143	$	13,143
Total Investments – Erie Insurance Group	$	12,279	$	13,866	$	13,866

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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