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Deferred Policy Acquisition Costs (Tables)
12 Months Ended
Dec. 31, 2011
Deferred Policy Acquisition Costs  
Schedule of components of the Property and Casualty Group's and EFL's deferred policy acquisition costs assets

 

 

 (in millions)

 

Erie Insurance Group

 

 

2011

 

2010

 

Property and Casualty Group

 

 

 

 

 

Deferred policy acquisition costs asset at beginning of year

 

$ 327

 

$ 313

 

Capitalized deferred policy acquisition costs

 

684

 

649

 

Amortized deferred policy acquisition costs

 

(668

)

(635

)

Deferred policy acquisition costs asset at end of year – Property and Casualty Group

 

$ 343

 

$ 327

 

Erie Family Life Insurance Company

 

 

 

 

 

Deferred policy acquisition costs asset at beginning of year

 

$ 140

 

$ 154

 

Capitalized deferred policy acquisition costs

 

18

 

17

 

Amortized deferred policy acquisition costs

 

(12

)

(16

)

Amortized shadow deferred policy acquisition costs

 

(2

)

(15

)

Deferred policy acquisition costs asset at end of year – EFL

 

$ 144

 

$ 140

 

Deferred policy acquisition costs asset at end of year – Erie Insurance Group

 

$ 487

 

$ 467