Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information

Components of the Consolidated Statements of Operations by reportable business segment

	Erie Insurance Group
(in millions)	For the three months ended September 30, 2011
	Management operations	Property and casualty insurance operations	Life insurance operations	Investment operations	Eliminations	Consolidated
Premiums earned/life policy revenue		$1,045	$  16			$1,061
Net investment income				$ 111	$   (3)	108
Net realized investment losses				(422)		(422)
Net impairment losses recognized in earnings				0		0
Equity in earnings of limited partnerships				40		40
Management fee revenue	$280				(280)	–
Service agreement and other revenue	8		1			9
Total revenues (losses)	288	1,045	17	(271)	(283)	796
Cost of management operations	226				(226)	–
Insurance losses and loss expenses		823	26		(1)	848
Policy acquisition and underwriting expenses		302	7		(56)	253
Total benefits and expenses	226	1,125	33	–	(283)	1,101
Income (loss) before income taxes	62	(80)	(16)	(271)	–	(305)
Provision for income taxes	22	(28)	(6)	(113)	–	(125)
Net income (loss)	$  40	$    (52)	$(10)	$(158)	$   –	$  (180)

	Erie Insurance Group
(in millions)	For the three months ended September 30, 2010
	Management operations	Property and casualty insurance operations	Life insurance operations	Investment operations	Eliminations	Consolidated
Premiums earned/life policy revenue		$990	$ 16		$  (1)	$1,005
Net investment income				$113	(3)	110
Net realized investment gains				205		205
Net impairment losses recognized in earnings				0		0
Equity in earnings of limited partnerships				28		28
Management fee revenue	$266				(266)	–
Service agreement and other revenue	9		0			9
Total revenues	275	990	16	346	(270)	1,357
Cost of management operations	217				(217)	–
Insurance losses and loss expenses		690	21		(1)	710
Policy acquisition and underwriting expense		288	6		(52)	242
Total benefits and expenses	217	978	27	–	(270)	952
Income (loss) before income taxes	58	12	(11)	346	–	405
Provision for income taxes	22	4	(4)	108	–	130
Net income (loss)	$  36	$   8	$  (7)	$238	$  –	$   275

	Erie Insurance Group
(in millions)	For the nine months ended September 30, 2011
	Management operations	Property and casualty insurance operations	Life insurance operations	Investment operations	Eliminations	Consolidated
Premiums earned/life policy revenue		$3,089	$  50		$   (1)	$3,138
Net investment income				$ 334	(8)	326
Net realized investment losses				(234)		(234)
Net impairment losses recognized in earnings				0		0
Equity in earnings of limited partnerships				150		150
Management fee revenue	$816				(816)	–
Service agreement and other revenue	25		1			26
Total revenues	841	3,089	51	250	(825)	3,406
Cost of management operations	667				(667)	–
Insurance losses and loss expenses		2,653	75		(4)	2,724
Policy acquisition and underwriting expenses		882	21		(154)	749
Total benefits and expenses	667	3,535	96	–	(825)	3,473
Income (loss) before income taxes	174	(446)	(45)	250	–	(67)
Provision for income taxes	61	(156)	(16)	57	–	(54)
Net income (loss)	$113	$  (290)	$(29)	$ 193	$     –	$    (13)

	Erie Insurance Group
(in millions)	For the nine months ended September 30, 2010
	Management operations	Property and casualty insurance operations	Life insurance operations	Investment operations	Eliminations	Consolidated
Premiums earned/life policy revenue		$2,926	$ 48		$  (2)	$2,972
Net investment income				$330	(8)	322
Net realized investment gains				117		117
Net impairment losses recognized in earnings				(6)		(6)
Equity in earnings of limited partnerships				58		58
Management fee revenue	$773				(773)	–
Service agreement and other revenue	26		0			26
Total revenues	799	2,926	48	499	(783)	3,489
Cost of management operations	626				(626)	–
Insurance losses and loss expenses		2,145	67		(4)	2,208
Policy acquisition and underwriting expense		829	23		(153)	699
Total benefits and expenses	626	2,974	90	–	(783)	2,907
Income (loss) before income taxes	173	(48)	(42)	499	–	582
Provision for income taxes	61	(17)	(15)	147	–	176
Net income (loss)	$112	$   (31)	$(27)	$352	$   –	$   406