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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
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
(in millions)
 
Three months ended June 30, 2015
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
1,412

 
$
22

 
 
 
$
0

 
$
1,434

Net investment income
 
 
 
 
 
 
 
$
130

 
(3
)
 
127

Net realized investment losses
 
 
 
 
 
 
 
(7
)
 
 
 
(7
)
Net impairment losses recognized in earnings
 
 
 
 
 
 
 
(2
)
 
 
 
(2
)
Equity in earnings of limited partnerships
 
 
 
 
 
 
 
72

 
 
 
72

Management fee revenue
 
$
395

 
 
 
 
 
 
 
(395
)
 
—

Service agreement and other revenue
 
7

 
 
 
1

 
 
 
 
 
8

Total revenues
 
402

 
1,412

 
23

 
193

 
(398
)
 
1,632

Cost of management operations
 
332

 
 
 
 
 
 
 
(332
)
 
—

Insurance losses and loss expenses
 
 
 
952

 
25

 
 
 
(1
)
 
976

Policy acquisition and underwriting expenses
 
 
 
416

 
10

 
 
 
(65
)
 
361

Total benefits and expenses
 
332

 
1,368

 
35

 
—

 
(398
)
 
1,337

Income (loss) before income taxes
 
70

 
44

 
(12
)
 
193

 
—

 
295

Provision for income taxes
 
24

 
16

 
(4
)
 
62

 
—

 
98

Net income (loss)
 
$
46

 
$
28

 
$
(8
)
 
$
131

 
$
—

 
$
197

 
 
 
 
Erie Insurance Group
(in millions)
 
Three months ended June 30, 2014
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
1,298

 
$
22

 
 
 
$
(1
)
 
$
1,319

Net investment income
 
 
 
 
 
 
 
$
116

 
(5
)
 
111

Net realized investment gains
 
 
 
 
 
 
 
133

 
 
 
133

Net impairment losses recognized in earnings
 
 
 
 
 
 
 
0

 
 
 
0

Equity in earnings of limited partnerships
 
 
 
 
 
 
 
27

 
 
 
27

Management fee revenue
 
$
366

 
 
 
 
 
 
 
(366
)
 
—

Service agreement and other revenue
 
8

 
 
 
0

 
 
 
 
 
8

Total revenues
 
374

 
1,298

 
22

 
276

 
(372
)
 
1,598

Cost of management operations
 
306

 
 
 
 
 
 
 
(306
)
 
—

Insurance losses and loss expenses
 
 
 
1,101

 
27

 
 
 
(2
)
 
1,126

Policy acquisition and underwriting expenses
 
 
 
380

 
9

 
 
 
(64
)
 
325

Total benefits and expenses
 
306

 
1,481

 
36

 
—

 
(372
)
 
1,451

Income (loss) before income taxes
 
68

 
(183
)
 
(14
)
 
276

 
—

 
147

Provision for income taxes
 
24

 
(64
)
 
(5
)
 
89

 
—

 
44

Net income (loss)
 
$
44

 
$
(119
)
 
$
(9
)
 
$
187

 
$
—

 
$
103


 
 
 
Erie Insurance Group
(in millions)
 
Six months ended June 30, 2015
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
2,792

 
$
44

 
 
 
$
0

 
$
2,836

Net investment income
 
 
 
 
 
 
 
$
246

 
(6
)
 
240

Net realized investment gains
 
 
 
 
 
 
 
49

 
 
 
49

Net impairment losses recognized in earnings
 
 
 
 
 
 
 
(4
)
 
 
 
(4
)
Equity in earnings of limited partnerships
 
 
 
 
 
 
 
100

 
 
 
100

Management fee revenue
 
$
738

 
 
 
 
 
 
 
(738
)
 
—

Service agreement and other revenue
 
15

 
 
 
1

 
 
 
 
 
16

Total revenues
 
753

 
2,792

 
45

 
391

 
(744
)
 
3,237

Cost of management operations
 
630

 
 
 
 
 
 
 
(630
)
 
—

Insurance losses and loss expenses
 
 
 
1,985

 
53

 
 
 
(2
)
 
2,036

Policy acquisition and underwriting expenses
 
 
 
802

 
19

 
 
 
(112
)
 
709

Total benefits and expenses
 
630

 
2,787

 
72

 
—

 
(744
)
 
2,745

Income (loss) before income taxes
 
123

 
5

 
(27
)
 
391

 
—

 
492

Provision for income taxes
 
43

 
2

 
(9
)
 
123

 
—

 
159

Net income (loss)
 
$
80

 
$
3

 
$
(18
)
 
$
268

 
$
—

 
$
333

 
 
 
 
Erie Insurance Group
(in millions)
 
Six months ended June 30, 2014
 
 
Management operations
 
Property
and casualty
insurance
operations
 
Life insurance operations
 
Investment operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 

 
$
2,566

 
$
42

 
 

 
$
(1
)
 
$
2,607

Net investment income
 
 

 
 

 
 

 
$
228

 
(8
)
 
220

Net realized investment gains
 
 

 
 

 
 

 
189

 
 

 
189

Net impairment losses recognized in earnings
 
 

 
 

 
 

 
0

 
 

 
0

Equity in earnings of limited partnerships
 
 

 
 

 
 

 
77

 
 

 
77

Management fee revenue
 
$
685

 
 

 
 

 
 

 
(685
)
 
—

Service agreement and other revenue
 
15

 
 

 
1

 
 

 
 

 
16

Total revenues
 
700

 
2,566

 
43

 
494

 
(694
)
 
3,109

Cost of management operations
 
574

 
 

 
 

 
 

 
(574
)
 
—

Insurance losses and loss expenses
 
 

 
2,108

 
55

 
 

 
(3
)
 
2,160

Policy acquisition and underwriting expenses
 
 

 
745

 
18

 
 

 
(117
)
 
646

Total benefits and expenses
 
574

 
2,853

 
73

 
—

 
(694
)
 
2,806

Income (loss) before income taxes
 
126

 
(287
)
 
(30
)
 
494

 
—

 
303

Provision for income taxes
 
44

 
(100
)
 
(11
)
 
158

 
—

 
91

Net income (loss)
 
$
82

 
$
(187
)
 
$
(19
)
 
$
336

 
$
—

 
$
212