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Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2015
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
1,447

 
$
25

 
 
 
$
0

 
$
1,472

Net investment income
 
 
 
 
 
 
 
$
123

 
(3
)
 
120

Net realized investment losses
 
 
 
 
 
 
 
(292
)
 
 
 
(292
)
Net impairment losses recognized in earnings
 
 
 
 
 
 
 
(4
)
 
 
 
(4
)
Equity in earnings of limited partnerships
 
 
 
 
 
 
 
43

 
 
 
43

Management fee revenue
 
$
389

 
 
 
 
 
 
 
(389
)
 
—

Service agreement and other revenue
 
7

 
 
 
0

 
 
 
 
 
7

Total revenues
 
396

 
1,447

 
25

 
(130
)
 
(392
)
 
1,346

Cost of management operations
 
328

 
 
 
 
 
 
 
(328
)
 
—

Insurance losses and loss expenses
 
 
 
912

 
28

 
 
 
(1
)
 
939

Policy acquisition and underwriting expenses
 
 
 
420

 
10

 
 
 
(63
)
 
367

Total benefits and expenses
 
328

 
1,332

 
38

 
—

 
(392
)
 
1,306

Income (loss) before income taxes
 
68

 
115

 
(13
)
 
(130
)
 
—

 
40

Provision for income taxes
 
24

 
40

 
(5
)
 
(52
)
 
—

 
7

Net income (loss)
 
$
44

 
$
75

 
$
(8
)
 
$
(78
)
 
$
—

 
$
33

 
 
 
 
Erie Insurance Group
(in millions)
 
Three months ended September 30, 2014
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
1,333

 
$
22

 
 
 
$
0

 
$
1,355

Net investment income
 
 
 
 
 
 
 
$
118

 
(3
)
 
115

Net realized investment losses
 
 
 
 
 
 
 
(85
)
 
 
 
(85
)
Net impairment losses recognized in earnings
 
 
 
 
 
 
 
(1
)
 
 
 
(1
)
Equity in earnings of limited partnerships
 
 
 
 
 
 
 
34

 
 
 
34

Management fee revenue
 
$
362

 
 
 
 
 
 
 
(362
)
 
—

Service agreement and other revenue
 
8

 
 
 
0

 
 
 
 
 
8

Total revenues
 
370

 
1,333

 
22

 
66

 
(365
)
 
1,426

Cost of management operations
 
308

 
 
 
 
 
 
 
(308
)
 
—

Insurance losses and loss expenses
 
 
 
908

 
28

 
 
 
(1
)
 
935

Policy acquisition and underwriting expenses
 
 
 
387

 
10

 
 
 
(56
)
 
341

Total benefits and expenses
 
308

 
1,295

 
38

 
—

 
(365
)
 
1,276

Income (loss) before income taxes
 
62

 
38

 
(16
)
 
66

 
—

 
150

Provision for income taxes
 
22

 
13

 
(5
)
 
12

 
—

 
42

Net income (loss)
 
$
40

 
$
25

 
$
(11
)
 
$
54

 
$
—

 
$
108


 
 
 
Erie Insurance Group
(in millions)
 
Nine months ended September 30, 2015
 
 
Management
operations
 
Property
and casualty
insurance
operations
 
Life
insurance
operations
 
Investment
operations
 
Eliminations
 
Consolidated
Premiums earned/life policy revenue
 
 
 
$
4,239

 
$
69

 
 
 
$
0

 
$
4,308

Net investment income
 
 
 
 
 
 
 
$
369

 
(9
)
 
360

Net realized investment losses
 
 
 
 
 
 
 
(243
)
 
 
 
(243
)
Net impairment losses recognized in earnings
 
 
 
 
 
 
 
(8
)
 
 
 
(8
)
Equity in earnings of limited partnerships
 
 
 
 
 
 
 
143

 
 
 
143

Management fee revenue
 
$
1,127

 
 
 
 
 
 
 
(1,127
)
 
—

Service agreement and other revenue
 
22

 
 
 
1

 
 
 
 
 
23

Total revenues
 
1,149

 
4,239

 
70

 
261

 
(1,136
)
 
4,583

Cost of management operations
 
958

 
 
 
 
 
 
 
(958
)
 
—

Insurance losses and loss expenses
 
 
 
2,897

 
81

 
 
 
(3
)
 
2,975

Policy acquisition and underwriting expenses
 
 
 
1,222

 
29

 
 
 
(175
)
 
1,076

Total benefits and expenses
 
958

 
4,119

 
110

 
—

 
(1,136
)
 
4,051

Income (loss) before income taxes
 
191

 
120

 
(40
)
 
261

 
—

 
532

Provision for income taxes
 
67

 
42

 
(14
)
 
71

 
—

 
166

Net income (loss)
 
$
124

 
$
78

 
$
(26
)
 
$
190

 
$
—

 
$
366

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

 
$
3,899

 
$
64

 
 

 
$
(1
)
 
$
3,962

Net investment income
 
 

 
 

 
 

 
$
346

 
(11
)
 
335

Net realized investment gains
 
 

 
 

 
 

 
104

 
 

 
104

Net impairment losses recognized in earnings
 
 

 
 

 
 

 
(1
)
 
 

 
(1
)
Equity in earnings of limited partnerships
 
 

 
 

 
 

 
111

 
 

 
111

Management fee revenue
 
$
1,047

 
 

 
 

 
 

 
(1,047
)
 
—

Service agreement and other revenue
 
23

 
 

 
1

 
 

 
 

 
24

Total revenues
 
1,070

 
3,899

 
65

 
560

 
(1,059
)
 
4,535

Cost of management operations
 
882

 
 

 
 

 
 

 
(882
)
 
—

Insurance losses and loss expenses
 
 

 
3,016

 
83

 
 

 
(4
)
 
3,095

Policy acquisition and underwriting expenses
 
 

 
1,132

 
28

 
 

 
(173
)
 
987

Total benefits and expenses
 
882

 
4,148

 
111

 
—

 
(1,059
)
 
4,082

Income (loss) before income taxes
 
188

 
(249
)
 
(46
)
 
560

 
—

 
453

Provision for income taxes
 
66

 
(87
)
 
(16
)
 
170

 
—

 
133

Net income (loss)
 
$
122

 
$
(162
)
 
$
(30
)
 
$
390

 
$
—

 
$
320