Segment Information (Tables)

6 Months Ended

Jun. 30, 2011

Segment Information

Components of the Consolidated Statements of Operations by reportable segment

	Erie Insurance Group
(in millions)	For the three months ended June 30, 2011
	Management operations	Property and casualty insurance operations			Life insurance operations			Investment operations		Eliminations			Consolidated
Premiums earned/life policy revenue			$1,030			$18					$  (1	)		$1,047
Net investment income									$115		(2	)		113
Net realized investment gains									39					39
Net impairment losses recognized in earnings									0					0
Equity in earnings of limited partnerships									38					38
Management fee revenue	$285										(285	)		–
Service agreement and other revenue	9					(1	)							8
Total revenues	294		1,030			17			192		(288	)		1,245
Cost of management operations	230										(230	)		–
Insurance losses and loss expenses			1,147			25					(2	)		1,170
Policy acquisition and underwriting expenses			298			7					(56	)		249
Total benefits and expenses	230		1,445			32			–		(288	)		1,419
Income (loss) before income taxes	64		(415	)		(15	)		192		–			(174	)
Provision (benefit) for income taxes	22		(145	)		(5	)		61		–			(67	)
Net income (loss)	$42		$(270	)		$(10	)		$131		$   –			$(107	)

	Erie Insurance Group
(in millions)	For the three months ended June 30, 2010
	Management operations	Property and casualty insurance operations		Life insurance operations		Investment operations		Eliminations		Consolidated
Premiums earned/life policy revenue		$974		$16				$  (1	)	$ 989
Net investment income						$110		(2	)	108
Net realized investment losses						(213	)			(213	)
Net impairment losses recognized in earnings						(4	)			(4	)
Equity in earnings of limited partnerships						27				27
Management fee revenue	$270							(270	)	–
Service agreement and other revenue	9			0						9
Total revenues (losses)	279	974		16		(80	)	(273	)	916
Cost of management operations	217							(217	)	–
Insurance losses and loss expenses		717		22				(2	)	737
Policy acquisition and underwriting expenses		275		9				(54	)	230
Total benefits and expenses	217	992		31		–		(273	)	967
Income (loss) before income taxes	62	(18	)	(15	)	(80	)	–		(51	)
Provision (benefit) for income taxes	21	(7	)	(5	)	(29	)	–		(20	)
Net income (loss)	$  41	$ (11	)	$ (10	)	$ (51	)	$   –		$  (31	)

	Erie Insurance Group
(in millions)	For the six months ended June 30, 2011
	Management operations	Property and casualty insurance operations		Life insurance operations		Investment operations	Eliminations		Consolidated
Premiums earned/life policy revenue		$2,044		$34			$  (1	)	$2,077
Net investment income						$223	(5	)	218
Net realized investment gains						188			188
Net impairment losses recognized in earnings						0			0
Equity in earnings of limited partnerships						110			110
Management fee revenue	$536						(536	)	–
Service agreement and other revenue	17			0					17
Total revenues	553	2,044		34		521	(542	)	2,610
Cost of management operations	441						(441	)	–
Insurance losses and loss expenses		1,830		49			(3	)	1,876
Policy acquisition and underwriting expenses		580		14			(98	)	496
Total benefits and expenses	441	2,410		63		–	(542	)	2,372
Income (loss) before income taxes	112	(366	)	(29	)	521	–		238
Provision (benefit) for income taxes	39	(128	)	(10	)	170	–		71
Net income (loss)	$73	$(238	)	$(19	)	$351	$    –		$167

	Erie Insurance Group
(in millions)	For the six months ended June 30, 2010
	Management operations	Property and casualty insurance operations		Life insurance operations		Investment operations		Eliminations		Consolidated
Premiums earned/life policy revenue		$1,936		$32				$  (1	)	$1,967
Net investment income						$217		(5	)	212
Net realized investment losses						(88	)			(88	)
Net impairment losses recognized in earnings						(6	)			(6	)
Equity in earnings of limited partnerships						30				30
Management fee revenue	$507							(507	)	–
Service agreement and other revenue	17			0						17
Total revenues	524	1,936		32		153		(513	)	2,132
Cost of management operations	409							(409	)	–
Insurance losses and loss expenses		1,455		46				(3	)	1,498
Policy acquisition and underwriting expenses		540		18				(101	)	457
Total benefits and expenses	409	1,995		64		–		(513	)	1,955
Income (loss) before income taxes	115	(59	)	(32	)	153		–		177
Provision (benefit) for income taxes	39	(21	)	(11	)	39		–		46
Net income (loss)	$76	$   (38	)	$(21	)	$114		$    –		$  131