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

12 Months Ended

Dec. 31, 2014

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, 2014
(in millions)	Amortized cost		Estimated fair value		Amount at which shown in the balance sheet
Indemnity
Available-for-sale securities:
States & political subdivisions	$	219	$	231	$	231
Corporate debt securities	236		234		234
Residential mortgage-backed securities	8		8		8
Commercial mortgage-backed securities	52		51		51
Collateralized debt obligations	33		33		33
Other debt securities	7		7		7
Total fixed maturities	555		564		564
Nonredeemable preferred stock	11		12		12
Common stock	13		13		13
Total available-for-sale securities	579		589		589
Limited partnerships	89		113		113
Real estate mortgage loans	1		1		1
Total Investments – Indemnity	$	669	$	703	$	703

Exchange
Available-for-sale securities:
U.S. treasury	$	6	$	6	$	6
Government sponsored enterprises	3		4		4
States & political subdivisions	1,394		1,477		1,477
Foreign government securities	10		10		10
Corporate debt securities	6,918		7,289		7,289
Residential mortgage-backed securities	109		111		111
Commercial mortgage-backed securities	28		30		30
Collateralized debt obligations	6		11		11
Other debt securities	66		69		69
Total fixed maturities	8,540		9,007		9,007
Nonredeemable preferred stock	650		710		710
Common stock	138		140		140
Total available-for-sale securities	9,328		9,857		9,857
Trading securities	2,289		3,223		3,223
Limited partnerships	694		866		866
Life policy loans	18		18		18
Real estate mortgage loans	2		2		2
Total Investments – Exchange	$	12,331	$	13,966	$	13,966
Total Investments – Erie Insurance Group	$	13,000	$	14,669	$	14,669

- 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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