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Indemnity Shareholders' Equity and Noncontrolling Interest
6 Months Ended
Jun. 30, 2015
Stockholders' Equity Note [Abstract]  
Indemnity Shareholders' Equity and Noncontrolling Interest
Note 13.  Indemnity Shareholders’ Equity and Noncontrolling Interest
 
A reconciliation of the beginning and ending balances of Indemnity's shareholders’ equity and the noncontrolling interest is presented as follows for the year ended December 31, 2014 and for the six months ended June 30, 2015:
 
 
 
Erie Insurance Group
(in millions, except per share data)
 
Indemnity
shareholder
interest
 
Exchange
noncontrolling
interest
 
Erie
Insurance
Group
Balance at December 31, 2013
 
$
734

 
$
6,816

 
$
7,550

Net income
 
168

 
405

 
573

Change in accumulated other comprehensive income (loss), net of tax
 
(59
)
 
59

 
0

Net purchase of treasury stock
 
(19
)
 

 
(19
)
Dividends declared:
 
 
 
 
 
 
Class A $2.586 per share
 
(120
)
 

 
(120
)
Class B $387.90 per share
 
(1
)
 

 
(1
)
Balance at December 31, 2014
 
$
703

 
$
7,280

 
$
7,983

Net income
 
95

 
238

 
333

Change in accumulated other comprehensive income (loss), net of tax
 
(2
)
 
(88
)
 
(90
)
Dividends declared:
 
 
 
 
 
 
Class A $1.362 per share
 
(63
)
 

 
(63
)
Class B $204.30 per share
 
(1
)
 

 
(1
)
Balance at June 30, 2015
 
$
732

 
$
7,430

 
$
8,162