Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

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
	Year ended December 31, 2014
(in millions)	Management operations		Property and casualty insurance operations			Life insurance operations			Investment operations			Eliminations			Consolidated
Premiums earned/life policy revenue			$	5,260		$	86					$	(2	)	$	5,344
Net investment income									$	462		(16		)	446
Net realized investment gains									193						193
Net impairment losses recognized in earnings									(4		)				(4		)
Equity in earnings of limited partnerships									113						113
Management fee revenue	$	1,376										(1,376		)	—
Service agreement and other revenue	31					1									32
Total revenues	1,407		5,260			87			764			(1,394		)	6,124
Cost of management operations	1,184											(1,184		)	—
Insurance losses and loss expenses			3,859			105						(6		)	3,958
Policy acquisition and underwriting expenses			1,502			38						(204		)	1,336
Total benefits and expenses	1,184		5,361			143			—			(1,394		)	5,294
Income (loss) before income taxes	223		(101		)	(56		)	764			—			830
Provision for income taxes	78		(35		)	(20		)	234			—			257
Net income (loss)	$	145	$	(66	)	$	(36	)	$	530		$	—		$	573

	Erie Insurance Group
	Year ended December 31, 2013
(in millions)	Management operations		Property and casualty insurance operations		Life insurance operations			Investment operations			Eliminations			Consolidated
Premiums earned/life policy revenue			$	4,820	$	80					$	(2	)	$	4,898
Net investment income								$	434		(12		)	422
Net realized investment gains								771						771
Net impairment losses recognized in earnings								(13		)				(13		)
Equity in earnings of limited partnerships								161						161
Management fee revenue	$	1,266									(1,266		)	—
Service agreement and other revenue	31				1									32
Total revenues	1,297		4,820		81			1,353			(1,280		)	6,271
Cost of management operations	1,088										(1,088		)	—
Insurance losses and loss expenses			3,365		107						(5		)	3,467
Policy acquisition and underwriting expenses			1,387		37						(187		)	1,237
Total benefits and expenses	1,088		4,752		144			—			(1,280		)	4,704
Income (loss) before income taxes	209		68		(63		)	1,353			—			1,567
Provision for income taxes	73		24		(22		)	444			—			519
Net income (loss)	$	136	$	44	$	(41	)	$	909		$	—		$	1,048

	Erie Insurance Group
	Year ended December 31, 2012
(in millions)	Management operations		Property and casualty insurance operations			Life insurance operations			Investment operations		Eliminations			Consolidated
Premiums earned/life policy revenue			$	4,422		$	73				$	(2	)	$	4,493
Net investment income									$	449	(11		)	438
Net realized investment gains									418					418
Net impairment losses recognized in earnings									0					0
Equity in earnings of limited partnerships									131					131
Management fee revenue	$	1,157									(1,157		)	—
Service agreement and other revenue	31					1								32
Total revenues	1,188		4,422			74			998		(1,170		)	5,512
Cost of management operations	983										(983		)	—
Insurance losses and loss expenses			3,384			101					(5		)	3,480
Policy acquisition and underwriting expenses			1,284			31					(182		)	1,133
Total benefits and expenses	983		4,668			132			—		(1,170		)	4,613
Income (loss) before income taxes	205		(246		)	(58		)	998		—			899
Provision for income taxes	72		(86		)	(20		)	314		—			280
Net income (loss)	$	133	$	(160	)	$	(38	)	$	684	$	—		$	619