Segment Information (Tables)

12 Months Ended

Dec. 31, 2011

Segment Information

Schedule of components of the Consolidated Statements of Operations by reportable business segment

	Erie Insurance Group
	For the year ended December 31, 2011
(in millions)	Management operations	Property and casualty insurance operations		Life insurance operations		Investment operations		Eliminations		Consolidated
Premiums earned/life policy revenue		$4,149		$ 67				$     (2	)	$4,214
Net investment income						$444		(11	)	433
Net realized investment losses						(4	)			(4	)
Net impairment losses recognized in earnings						(2	)			(2	)
Equity in earnings of limited partnerships						149				149
Management fee revenue	$1,067							(1,067	)	–
Service agreement and other revenue	33			1						34
Total revenues	1,100	4,149		68		587		(1,080	)	4,824
Cost of management operations	892							(892	)	–
Insurance losses and loss expenses		3,349		100				(5	)	3,444
Policy acquisition and underwriting expenses		1,178		27				(183	)	1,022
Total benefits and expenses	892	4,527		127		–		(1,080	)	4,466
Income (loss) before income taxes	208	(378	)	(59	)	587		–		358
Provision for income taxes	73	(132	)	(21	)	170		–		90
Net income (loss)	$   135	$   (246	)	$(38	)	$417		$      –		$  268

	Erie Insurance Group
	For the year ended December 31, 2010
(in millions)	Management operations	Property and casualty insurance operations		Life insurance operations		Investment operations		Eliminations		Consolidated
Premiums earned/life policy revenue		$3,925		$ 64				$         (2	)	$3,987
Net investment income						$444		(11	)	433
Net realized investment gains						313				313
Net impairment losses recognized in earnings						(6	)			(6	)
Equity in earnings of limited partnerships						128				128
Management fee revenue	$1,009							(1,009	)	–
Service agreement and other revenue	34			1						35
Total revenues	1,043	3,925		65		879		(1,022	)	4,890
Cost of management operations	841							(841	)	–
Insurance losses and loss expenses		2,815		90				(5	)	2,900
Policy acquisition and underwriting expenses		1,113		32				(176	)	969
Goodwill impairment						22				22
Total benefits and expenses	841	3,928		122		22		(1,022	)	3,891
Income (loss) before income taxes	202	(3	)	(57	)	857		–		999
Provision for income taxes	71	(1	)	(20	)	289		–		339
Net income (loss)	$  131	$     (2	)	$(37	)	$568		$         –		$    660

	Erie Insurance Group
	For the year ended December 31, 2009
(in millions)	Management operations	Property and casualty insurance operations	Life insurance operations		Investment operations		Eliminations		Consolidated
Premiums earned/life policy revenue		$3,808	$   63				$       (2	)	$3,869
Net investment income					$ 444		(11	)	433
Net realized investment gains					412				412
Net impairment losses recognized in earnings					(126	)			(126	)
Equity in losses of limited partnerships					(369	)			(369	)
Management fee revenue	$   965						(965	)	–
Service agreement and other revenue	35		1						36
Total revenues	1,000	3,808	64		361		(978	)	4,255
Cost of management operations	813						(813	)	–
Insurance losses and loss expenses		2,644	89				(5	)	2,728
Policy acquisition and underwriting expenses		1,135	28				(160	)	1,003
Total benefits and expenses	813	3,779	117		–		(978	)	3,731
Income (loss) before income taxes	187	29	(53	)	361		–		524
Provision for income taxes	60	10	(19	)	27		–		78
Net income (loss)	$   127	$   19	$(34	)	$ 334		$        –		$  446